By Will Soutter
Southern Land and NXT Capital have together proclaimed their new upcoming multi-use luxury apartment township in Downtown Plano.
Southern Land is a versatile real estate promoter in Franklin, Tennessee, supported by an employee population of 225 who are experts in the fields of architecture, landscape designs, and construction and involved in residential and commercial promotion. NXT Capital from Chicago is a commercial finance organization.
The multi-use township is the brainchild of a three-way collaboration of Southern Land, NXT and the City of Plano. The formal groundbreaking is slated to be commemorated on August 22, 2012. The undertaking is considered to be worth more than $30 million and is scheduled for completion by early spring of 2014.
The recent venture of Southern Land is a solution to the issue of the burgeoning requirement for apartments in Plano. It will comprise 279 apartments and retail area measuring 9000 sq. ft., inclusive of a metropolitan 7-Eleven store. The apartments will be embellished with contemporary interior decoration. The exterior facilities will consist of a pool and other fitness facilities that will enable an active lifestyle.
The location is one of the greatest advantages of the township as it is very close to an assortment of shopping and dining destinations of the famous Downtown Plano. The transit-oriented development (TOD) venture is on the other side of the street from the DART’s Downtown Plano Station. Professionals looking to stay somewhere other than in downtown Dallas find this township’s proximity to the DART line a great advantage.