Multifamily Development Opportunity

Investment Overview

SLJ Company, LLC (“SLJ”) has been exclusively retained to offer this Multifamily Development Opportunity in Mesquite, Texas (the “Property”). The Property is approximately 16.498 acres located near the northwest corner of Interstate 30 and Gus Thomasson Rd in the White Rock submarket. A conceptual site plan has been completed providing for a two-phase multifamily development totaling 350 units. The Property is in close proximity to Eastfield College, Texas A&M University – Commerce Mesquite Metroplex Center, and the vibrant retail corridor surrounding Town East Mall. The Property offers the opportunity to develop within Mesquite’s unique North Gus Thomasson Corridor District, which allows a variety of pedestrian friendly mixed-use, residential, retail, and office uses.

Investment Highlights

• Excellent Location: Located near the northwest corner of Interstate 30 and Gus Thomasson Rd, the Property enjoys highway visibility. The Property offers easy access to Interstate 30, LBJ Freeway (I-635) and other major thoroughfares in the area. The Property is in close proximity to Eastfield College, Texas A&M University – Commerce Mesquite Metroplex Center, and the vibrant retail corridor surrounding Town East Mall.
• Prime Development Site: The Property’s adjacency to established residential neighborhoods and proximity to numerous traffic drivers make this a prime development site. With over 1,300 feet of width and over 600 feet of depth, the Property’s large footprint is ideal for multifamily development. Additionally, the Property offers 100 feet of frontage on Gus Thomasson Rd, intended to be an extension of neighboring Live Oak Drive which provides direct access to the Site from Gus Thomasson Rd.
• Conceptual Site Plan: A conceptual site plan has been created providing for a two-phase apartment development totaling 350 units.
• Mixed-Use, Residential, Retail & Office Zoning: The Property is located in Mesquite’s unique North Gus Thomasson Corridor District. This district is intended to be pedestrian friendly, incorporate civic and green spaces, and utilize form-based design. This liberal zoning district allows a variety of uses including Mixed-Use Blocks, Apartment Buildings, Rowhouses, Live-Work Units, Office Buildings, Lodging, and Retail, just to name a few.
• Impressive Demographics: With a population of approximately 18,271 and 130,322 living within a 1 and 3 mile radii of the property respectively, the Property benefits from a large pool of consumers in close proximity. According to CoStar, 46% of housing units within a 5-mile radius of the Property are renter occupied.