Dolce Living, a multifamily developer based in Florida, has acquired 13 acres of land in HomeTown, a mixed-use project in North Richland Hills. The company plans to build a 315-unit apartment complex within the project.
The seller was Dallas-based Realty Capital Management. It was represented by Mark Boone, director of sales and leasing.
Jimmy Archie, managing director at Realty Capital Management, said Dolce Living’s project, combined with The Venue at HomeTown and others to come, will help provide a critical mass of residents that, in turn, will boost the development’s mixed-use components.
Designed in collaboration with new urbanism guru Andrew Duany, HomeTown includes 850 single-family homes, 1,200 apartment units, and 100,000 square feet of commercial space. A city library, $20 million recreation center, elementary school and skating arena also is located within HomeTown.
Dolce Living is the developer behind the Crescent at Mansfield, a 299-unit complex at Mansfield National Golf Club, and Shannon Creek Estates, a 460-unit transit-oriented project in Burleson.