Dallas developer Columbus Realty Partners is scheduled to begin construction of a large residential building at The Margaret at Riverfront.
With a projected Phase 2 construction cost of $75 million, the 375,000-square-foot property will include 394 apartments, a parking garage, a pedestrian bridge, and an amenity area, according to a state filing. The anticipated delivery date is January 2026.
Columbus Realty Partners began developing The Margaret near Riverfront Boulevard in early 2022 with the construction of a five-story apartment building, The Dallas Express reported. That project included more than 500 units north of the Margaret Hunt Hill Bridge. Rents range from about $1,300 to nearly $3,000 for the luxury studio and one- and two-bedroom apartments, and among the amenities are a rooftop pool, a fitness center, a sky lounge, a coffee lounge, an outdoor courtyard, and an on-site concierge.
The Margaret is located in Dallas’ Design District, in an area Columbus Realty managing partner Robert Shaw chose because of its proximity to Trinity River Park. A little more than six years ago, Columbus Realty and Jeff Staubach, who had worked for The Staubach Company as a financial services analyst, formed Staubach Capital, according to The Dallas Morning News.
Columbus Realty has built thousands of apartments in West Plano’s Legacy business park and is behind the Trinity Groves development on Singleton Boulevard near the Margaret Hunt Hill Bridge.
Dallas-based GFF is listed as the design firm on the Texas Department of Licensing and Regulation filing. Its multifamily portfolio includes developments in Dallas, Fort Worth, Richardson, Addison, Plano, and Prosper.