Real estate
BY ISABELLA ZEFF
Home Edition
2026
Readers, welcome to your annual Community Impact Home Edition. This guide features news ranging from key real estate trends and new developments unique to your neighborhood. All of the stories are written by our team of local journalists who are invested in keeping you informed in your community, and all of the advertisements are from nearby businesses who support our mission. Make sure to dig into our story on a new single-family residential development set to bring 40 new homes near the corner of West Shore Drive and Arapaho Road. This edition also features an update on a new apartment project that started construction in April in downtown Richardson, as well as the most recent data from the real estate market in the city. We’re unwavering in our commitment to provide free, useful news to the community, because we believe everyone deserves to receive high-quality information about where they live. Thanks for reading!
What's inside
Learn more about a potential 40-home development in Richardson (Page 19)
Michael Crouchley Editor mcrouchley@ communityimpact.com
See the latest data on new listings, median home prices and more (Page 20)
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Developers break ground on 281-unit multifamily community
High Street Residential and JV partner Tokyu Land Corporation broke ground on a new multi- family community in Richardson on April 6. The four-story building is expected to be com- pleted by late 2027, according to a news release
walking distance of Main Street. Planned amenities include coworking areas, a pool, grilling stations, a tness center and a dog- wash station. How we got here The development represents a public-private partnership between the city of Richardson and High Street Residential, the residential subsidiary of Trammell Crow Company, City Manager Don Magner said. The city provided Tax Increment Financing sup- port to facilitate additional public infrastructure projects alongside the multifamily development. Magner said the city has been working toward redeveloping this property for over a decade. “Transformational projects like Polk Street don’t happen by accident,” Magner said at the ground- breaking. “They are the result of intentional planning, strong partnerships, and a shared belief in what this area can become.”
from the city. The overview
The 281-unit multifamily community, located at 110 E. Polk St., replaces two existing buildings and a surface parking lot. The apartments will range from studios to two-bedrooms and from 590 to 1,340 square feet. “We see this project as a catalyst for the future of Downtown Richardson. It will build on the existing momentum, bringing new energy and investment to the heart of the city,” said Kevin Hickman, a principal with High Street Residential in Dallas, in the release. The apartment complex will have direct access to the 4.2-mile Central Trail and will be within
The new multifamily community will be within walking distance of Richardson’s Main Street.
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