High Street Residential, the residential subsidiary of Trammell Crow Company, and joint venture partner Tokyu Land Corporation have started construction on a new multifamily community in Richardson. The partnership has broken ground on a four-story, 281-unit rental property that is scheduled for completion by the fourth quarter of 2027.
The City of Richardson is supporting the development through Tax Increment Financing, which is being used to fund key public infrastructure improvements tied to the project. In addition to utility and access upgrades, the TIF commitment will help deliver a new public green space and 75 public parking spaces within a shared parking garage that will serve both residents and visitors.
The luxury apartment community is planned for a 3-acre site at 110 E. Polk St., where it will replace two existing buildings and a surface parking lot. As currently designed, the project will introduce a mix of studio, one-bedroom, and two-bedroom residences. Unit sizes are expected to range from approximately 590 square feet to 1,340 square feet, offering a variety of layouts for different renter profiles.
Planned community amenities include a clubroom, co-working areas, and a resort-style swimming pool, positioning the building as an upscale option within the local rental market. The inclusion of co-working space reflects ongoing demand for flexible work environments within residential properties, while the pool and clubhouse are intended to enhance the resident experience and support leasing efforts once the project delivers.
Design responsibilities for the development have been awarded to WDG Architects, which is overseeing the architectural program for the four-story structure. Andres Construction has been selected as the general contractor and will manage vertical construction and on-site delivery through the project timeline leading up to the anticipated 2027 completion.
By combining private joint venture capital with municipal TIF support, the Richardson community is advancing a sizable multifamily development that also incorporates public benefits. Upon delivery, the project is expected to add new housing inventory, structured public parking, and enhanced open space on a previously underutilized site.
