Developers with the boutique real estate company CAP Multifamily are currently in the middle of bringing four multifamily residential buildings to The Rail District.
CAP Multifamily projects follow a “simple urban infill design philosophy” that tries to stay away from large-scale multifamily and instead fit its residential projects into the existing community they move into, according to a statement on the company’s website.
The company believes “large, anonymous master plan developments” have transformed multifamily living from what it was meant to be—small, boutique properties in communities where the primary amenity is where and how residents choose to live, according to the statement.
The gist
The four CAP Multifamily projects confirmed to be coming to The Rail District are:
- The Beacon, which is currently under construction
- The Platform, which is currently under construction
- The Gallery, which is expected to start construction before the end of 2024
- The View, which is expected to start construction before the end of 2024
Work on the two Rail District buildings that have already started construction, The Beacon and The Platform, are expected to wrap up in 2025.
Each building, all of which were described as luxury residential, has under 35 units. The Gallery and The View share a section of Ash Street, which developers said they hope will turn the street into a “boulevard” overlooking the incoming Fourth Street Plaza and future Grand Park project.
All of the buildings range between three to four stories and will have commercial, office or creative spaces taking up the first floor, said Chris Aaron and Chad Patton, co-partners with CAP Multifamily.
The Gallery, for example, will incorporate an art gallery for the community and its local creatives, according to information shared by CAP Multifamily. Both The Platform and The Beacon will offer fitness centers and either storage or coworking spaces.
Why now?
CAP Multifamily developers have been quietly working behind the scenes for around two years but said they are ready to introduce themselves and their projects to The Rail District Community.
The Rail District is considered one of the amenities offered with the apartments, Aaron and Patton said.
“CAP has successfully developed projects throughout the Dallas metroplex and believe we are offering our residents a superior lifestyle alternative to the 'big box' apartments which inhibit authentic community and neighbor engagement,” according to a statement on CAP Multifamily’s website.
Before you go
Other CAP Multifamily projects include resident spaces in the Bishop Arts District, Oak Cliff and East Dallas neighborhoods.
