Zale Properties announced that it secured a construction loan for The Grove at La Frontera, a to-be-built, best-in-class mixed-use multi-housing community located within the DFW metroplex in Arlington, Texas. Once complete, the Grove at La Frontera will feature three distinct uses, which include 336 midrise apartments, 60 bungalow-style single-family rental units and 10,000 square feet of ground-floor retail.
JLL worked on behalf of the borrower to secure the four-year, fixed-rate loan through Principal Asset Management.
With an anticipated completion of 2025, The Grove at La Frontera will provide a unique mix of single-family rentals and midrise multi-housing accommodations, which include one-, two- and three-bedroom floorplans. The units will feature full-size washer/dryers, spacious walk-in closets, quartz and granite countertops, nine- to 12-foot ceilings, hardwood-style flooring, stainless steel appliances, private balconies and dual sink vanities. The development
