BV Capital has funded the acquisition and development of nearly 30 acres of prime land for affiliate Bridgeview Multifamily LLC to build class-A apartment projects in the North Texas cities of Arlington and Denton. Bridgeview Multifamily acquired a 6.34-acre tract at 800 W. Bardin Rd., where it will develop a 250-unit class A project, tentatively dubbed Mercantile Lofts, featuring amenities such as a pool, courtyard and single-level parking garage. The developer also recently acquired 22 acres at 3755 McKinney St., which will be home to 360 upscale units with 15 three-story buildings offering one or two bedrooms along with amenities like clubhouse, pool, dog park and barbecue area.
Rob Anderson from BV Capital noted that having side by side developments would create economies of scale for their general contractor – Bridgeview Construction – making good economic sense overall. Ground is expected to break on both projects by midyear 2024
