FORT WORTH--Dallas-based real estate equity firm RCP Properties LLC (RCP) and Ventures Development Group LLC have formed a joint venture to develop a 209-unit luxury apartment community in the Fort Worth's Hospital District.
The project will be located on 2.12 acres of land at 400 S. Jennings Ave. The immediate area is home to five major hospitals.
“The Medical District is becoming an ever-more appealing location not just to work, but also as a place to live,” Blake Lugash, president of RCP, told GlobeSt.com. “We believe there is strong demand for high-end rental housing in this vibrant and growing neighborhood, and we have found ourselves a terrific site where we can offer an outstanding product.”
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