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156-Unit Allen Complex Breaks Ground Today

ALLEN, TX-Work kicks off on a 156-unit multifamily project in Allen. It's the first of two phases planned for a strong infill site near a middle school and municipal park. Crest Place is scheduled for a third quarter 2002 delivery.

By Connie Gore | Updated on December 07, 2001

ALLEN, TX-Today, a Dallas-based developer breaks ground on his first project in the Dallas suburb of Allen. Crest Place is a 156-unit design that will go up at the corner of Jupiter Road and Park Place.

Crest Properties secured the financing for the project through a deal orchestrated by Paul Brighton, vice president and senior producer for Minneapolis-based NorthMarq Capital Inc.’s Dallas office, and Anson Chan of Global Star Mortgage of Garland, TX. Brighton tells GlobeSt.com that the groundbreaking is the first of two phases that Crest is planning for the residential area near an Allen Independent School District Middle School and Ford Park, a municipal recreational complex.

Crest Place will consist of eight buildings and an office structure positioned on 8.8 acres. Delivery is set for third quarter 2002. Still to come will be a multifamily project on 5.9 acres just across the road.

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