US-based multifamily real estate developers The NRP Group, in collaboration with HIG Realty Partners, has celebrated the ground-breaking of a market-rate community in Carrollton, Texas, US.

Diamond Flats is a six-acre community being rebuilt into a four-storey building with 331 housing units. It is situated at 1402 Carrollton Parkway, near Highway 121.

The property will feature one to three-bedroom homes spanning more than 950ft² and is designed to suit professionals with mixed work schedules. 

In addition to communal coworking facilities, several of the apartments provide spaces for remote working.

Other on-site amenities in the community include a fitness centre with distinct strength and cardio areas, a resort-style pool, courtyards and a parking garage area.

The project has received construction financing from the retail banking company Santander Bank.

The NRP Group development vice-president Alena Savera said: “Diamond Flats demonstrates NRP’s commitment to creating high-quality communities that cater to the evolving needs of Dallas’s fast-growing population.

“This incredible location in Carrollton offers residents quick access to the top amenities in the Dallas-Fort Worth market. We are fortunate to work with partners like HIG Capital and Santander Bank NA to deliver rental opportunities where apartment demand is surging.”

Diamond Flats is positioned between downtown Dallas, Dallas-Fort Worth International Airport and major mixed-use communities, close to green areas, hospitals, restaurants and retailers.

The first apartments are scheduled for delivery in 2025. This project is the second NRP development in the Carrollton region.