HSR and Tokyu Land Corporation Break Ground on 281-Unit Multifamily Community in Richardson, Texas
The project is scheduled to be delivered by Q4 202
Richardson, TX – April 6, 2026 – High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and JV partner Tokyu Land Corporation have broken ground on a 281-unit multifamily community in Richardson, Texas, a northern suburb of Dallas. The four-story project is expected to be delivered by the fourth quarter of 2027.
“We are pleased to partner with High Street Residential on this thoughtfully designed community in Downtown Richardson,” said Ben Cherney, EVP of U.S. Investments at Tokyu Land US Corporation. “Led by Ariel Mark and the West Coast investment team, this investment underscores Tokyu Land’s long-term commitment to partnering with best-in-class developers to deliver high-quality residential communities across targeted U.S. growth markets. Richardson’s strong economic fundamentals, diversified technology-driven employment base, and continued investment in downtown infrastructure position it as a highly attractive location for this development.”
Located at 110 E. Polk St., the luxury apartment community will sit on 3 acres and will replace two existing buildings and a surface parking lot. Apartments will range from studios to two bedrooms and will range in size from 590 square feet to 1,340 square feet. Community amenities will include a clubroom, co-working areas, a resort-style pool, grilling stations, fire pits, a fitness center, bike storage, a dog-wash station, a package room, and direct access to the 4.2-mile Central Trail. Located a block south of East Main Street in Downtown Richardson, the community will also be within walking distance of dozens of restaurants and retail shops.
“We see this project as a catalyst for the future of Downtown Richardson. It will build on the existing momentum, bringing new energy and investment to the heart of the city,” said Kevin Hickman, a principal with HSR in Dallas. “We’re proud to partner with the city and the community in this next chapter of Downtown Richardson’s evolution.”
The City of Richardson has provided Tax Increment Financing (TIF) support for the project, helping to deliver key public infrastructure upgrades, including the reconstruction of Polk Street to include new bike lanes, sidewalks, and street parking. The TIF funding will also help develop a new public green space and provide 75 public parking spaces within a shared garage.
“Downtown Richardson is experiencing a dynamic transformation that is making it an increasingly vibrant place to live, work, and gather,” said Richardson City Manager Don Magner. “We are proud to welcome High Street Residential and Tokyu Land Corporation to our community. Their commitment to delivering a high-quality multifamily development aligns perfectly with our vision for downtown and represents exactly the type of investment we are working to attract.”
WDG Architects designed the project, while Andres Construction will build it. Other project partners include Urban Structure (structural engineer), V3 Consulting Engineers (MEP engineer), Spiars Engineering (civil engineer), TBG Partners (landscape architect), and Ellie Aiello Interiors (interior designer).
Besides this project in Richardson, HSR is underway with four other multifamily projects across North Texas. At the beginning of this year, the company broke ground on a 394-unit apartment community integrated into the Dallas Area Rapid Transit’s (DART) SMU/Mockingbird Station in Dallas. It is scheduled for delivery by the end of 2027. In summer 2025, the company broke ground on a 425-unit project in Frisco, as well as the 434-unit Crestview Apartments and the 102-unit Crestview Townhomes in Allen. Finally, the company recently topped out The Lora, a 27-story, 186-unit luxury high-rise in Uptown Dallas.
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development and the redevelopment or repurposing of existing facilities. The firm has approximately 14,000 units in process or in its pipeline. In the last 19 years, the firm has completed approximately 18,500 units valued at nearly $5.7 billion. For more information, visit www.highstreetresidential.com.
