Dallas Approves Steinbridge Group's $54M Residential Development in Capella Park
Slice of Real Estate Team
10/18/2024
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
Quotes
“ "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." ”
Tawan Davis, Founder and CEO at Steinbridge Group
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.
