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- Dallas Approves Steinbridge Group's $54M Residential Development in Capella Park
Dallas Approves Steinbridge Group's $54M Residential Development in Capella Park
Slice of Real Estate Team
October 18, 2024
Key Highlights:
$54 million project for 180 new homes in Capella Park, Dallas.
15-acre land purchase from Potter’s House Church and Clay Academy Charter School.
Green energy design with an emphasis on energy efficiency and sustainability.
175 new jobs created in construction and infrastructure development.
Collaboration with HBCUs and community institutions to close funding gaps.
Source: Business Wire
Notable Quote:
"Housing remains a scarce resource across too much of the country, and our investment strategy aims to directly support high quality homes for America’s families."
Our Take:
The Steinbridge Group's latest development in Capella Park underscores its growing influence in the real estate market, particularly through its focus on community-driven projects. The partnership with HBCUs highlights Steinbridge's commitment to addressing systemic funding challenges while simultaneously boosting housing supply. This $54 million project not only delivers much-needed homes to Southern Dallas but also sets a benchmark for sustainable urban development, aligning with broader efforts to promote energy efficiency and job creation in local economies.