Boston- (July 21, 2017) GID announced today that it acquired Lot B at CityLine, a 299 unit apartment community developed by Dallas-based JLB Partners in 2016. The property is a transit-oriented development (TOD) located within the pedestrian-friendly CityLine mixed-use development in Richardson, Texas. CityLine is home to State Farm and Raytheon regional offices totaling 9,000 employees as well as over 150,000 sf of dining and retail, including a 40,000 sf Whole Foods. Legacy West, home to Toyota, JP Morgan and Liberty Mutual’s new headquarter buildings, are also in close proximity. The adjacent DART light rail stop offers easy access to Uptown/Downtown Dallas as well as both DFW airport and Dallas Love Field.
Lot B at CityLine features two outdoor courtyards, resort-style swimming pool, fire pit, fitness center with yoga and spinning room, rooftop resident lounge, business center, bike room, and an on-site dog park. Unit finishes consist of 10 foot ceiling heights, granite or quartz countertops, tile backsplashes, engineered hardwood flooring in living and dining areas, custom cabinetry and bathrooms with granite or quartz countertops, custom closet shelving, and tiled tub and shower surrounds.
Gary Kroll, Vice President and Director of Central Region Acquisitions at GID, commented, “We are thrilled to add Lot B at CityLine to our portfolio as a wonderful complement to GID’s Uptown Dallas properties. Its unique “urban-suburban” location provides residents a live/work/play environment and easy access to a dynamic office market. The combination of walkable amenities, DART rail access and suburban location are truly difficult to replicate.”