Dominium Development Acquires 9.9 Acre Development Site in Arlington/Mansfield
Dominium Development purchases 9.9 acre development site in Arlington/Mansfield for the development of a 192-unit upscale apartment property.
Dominium Development, a real estate development and management company, has acquired a 9.9 acre development site located at 6900 Matlock Road in Arlington/Mansfield. The property was sold by a local owner and represented by Wayne Burgdorf of SVN Trinity Advisors.
The development site is located in the Arlington/Mansfield market, which has seen strong demand for multi-family properties in recent years. The site is well-located near major highways and retail centers, making it an attractive location for a new apartment development.
Dominium Development plans to develop a 192-unit upscale apartment property on the site. The company has offices in Dallas and Minnesota and is active in new and rehab multi-family development. The new development is expected to meet the strong demand for high-quality rental housing in the area.
The acquisition of the development site is part of Dominium Development’s ongoing expansion in the Dallas-Fort Worth market. The company has been active in the market for several years and has a strong track record of developing and managing high-quality multi-family properties.
The sale of the development site was a successful transaction for both the buyer and the seller. The seller was able to achieve a strong price for the property, while the buyer was able to acquire a prime development site in a desirable location.
Overall, the acquisition of the 9.9 acre development site in Arlington/Mansfield is a positive development for Dominium Development and the Dallas-Fort Worth multi-family market. The new development is expected to meet strong demand for high-quality rental housing in the area, while the sale of the development site is a testament to the strength of the local real estate market and the expertise of the brokers involved in the transaction.