Capitalizing On Local Urban Trends

Trinity Green is a 24.8-acre tract of land in West Dallas located at the confluence of two new bridges connecting the site to major employment centers. Adjacent to this property is Trinity Groves, which consists of 20+ restaurants, entertainment venues and art galleries. Stonelake acquired the site in December 2014 and immediately sold 5-acres to a single-family home builder. Phase I is a 355-unit, Class-A multifamily (The Austin) that was exited in July 2019. Stonelake broke ground on Phase II, 324-unit Class-A multifamily (Alta Trinity Green), in December 2017 and delivered first units in Spring of 2019. Stonelake anticipates a total of 1,500-units upon full buildout.

Location

Dallas, Texas

Submarket

Trinity Groves

Investment Date

December 2014

Property Type

Multifamily