Bloomberg, in 2017, reported that the metroplex at Dallas-Fort Worth has welcomed about 246 new residents daily. Experts say that this has been because of the absence of income tax, booming economy, and also a generally lower cost for doing business in the state of Texas. What this growth in the population means is that there is proportional and equivalent growth in the demand for housing. This has led to a spurt in the growth of residential developments in Dallas. Many investors and business owners have seen this as an opportune moment to enter the housing market in Dallas as it is booming, but that does not mean that there are no challenges.
The tastes of potential tenants have begun evolving as the demand for a multifamily living has grown. This means that there is an inclusion of amenities, accessibility, and style as factors that have to be considered when choosing which community one has to live in. The challenge developers face is hiring multi-family construction companies in Dallas that would be capable of delivering projects with all these requirements.
Finding multi-family construction companies in Dallas can be difficult now. Here is a list of some of the top multifamily companies that are determined to be the best on the basis of media recognition, awards, and portfolios.
● Duke Companies
[13740 Midway Rd., #804, Dallas, TX 75244]
Duke Companies has been in the multifamily home construction business for almost five decades. It was founded in 1973 and has built over 25,000 luxury apartments successfully since in Dallas, Austin, and Houston. The company is led by Robert J. Stone, III, who has been a part of the company since 1991. He graduated from the University of Texas with an Urban Land Development degree and is an expert in all the aspects of construction management since he has hands-on experience of many years.
The construction of the exclusive Camden Panther Creek was completed in 2009. This development offers the residents resort-style living with many social areas, grilling lounging, and pools. They have also installed high-end finishes in each of the 295 apartments, including maple cabinetry, designer lighting, and granite countertops.
● Crimson Builders
[700 Lavaca St., Suite #1400, Austin, TX 78701]
Crimson Builders was founded by CEO Eric Little, a young and up-and-coming contractor, in 2011 with only two employees. This company was founded after 20 years of working experience, and in only eight years, Crimson Builders ranked in the 2016 Engineering News-Records Top Contractors. In 2017, it was also on the Inc. 5000 list.
This company was the one that built the hip four-story Bishop Highline that is located in the historic Bishop Arts District. This building is managed by Magnolia Property Company and beautifully stands out with the vibrant mural that is found on one side of the exterior. Inside the building, but has a mid-century motif on the inside. The units have chich subway tiles, modern cabinetry, and stainless concrete flooring.
● TriArc Construction
[1919 Jackson St., Suite #100, Dallas, TX 75201]
TriArc Construction is a business that was co-founded by Shane Deville, a man that has a 29-year long construction career with American and international clients. With his leadership, the company earned high-profile projects up to $140 million in value.
One of the company’s projects caught the eye of several industry organizations and news outlets in 2018. Their work on The Startler, the historic 1950s hotel, was awarded at the Preservation Achievements Awards Ceremony in 2018. What this project required was the restoration of the old building so that the new and reestablished Statler Hotel could be accommodated. It has a state-of-the-art fitness center, private cabanas, and rooftop swimming pools. Another noteworthy construction project is the Residences at Stoneleigh, where the company had built common areas along with the interior finish of 32 custom homes at $1 million per unit approximately. They have over $100 million in the multifamily project pipeline.
● Baker Concrete Construction
[12300 Ford Rd., Suite #285, Dallas, TX 75234]
Baker Concrete Construction is a general contracting company that caters to a national clientele with its expertise in concrete construction. The team that leads it is filled with professionals who have served on prestigious industry organization’s boards. The vice president Kenneth Fender was on the boards of institutions like the American Concrete Institute (ACI) and the Associated General Contractors (AGC).
The firm built its first high-rise building, The Case Building, in Deep Ellum in 2016. They were also hired by StreetLights Residential to build a 17-story residential high rise offering two-bedroom and one-bedroom options and a studio. The exposed brick walls and the concrete ceilings of the building reflect the industrial atmosphere of the area.
● Andres Construction
[3710 Rawlins St., Suite #1510, Dallas, TX 75219]
Andres Construction was begun in 1991 is a firm that is award-winning and specializes in the construction of multifamily homes and other similar projects. They have offices in Austin, Houston, and Dallas so that they can cater to projects in all of Texas. Over the years, it has gotten many awards for preservation excellence and construction achievement. It was Silver and Platinum Best in the American Living Awards for the construction of a multifamily project in Lewisville, Texas.
They collaborated with the Merriman Associates Architects to renovate a building made in the 1950s that served as the Mercantile National Bank’s garage. It was then made into The Continental, which was an apartment complex having 200 luxury amenities and units like a rooftop terrace, a modern fitness center, and a theatre room. This is the first apartment that is LEED Gold-certified.
These are a few of the best and most prestigious companies that do multi-family construction companies in Dallas. As mentioned, they have many awards and are well known nationally and some even internationally for the work that they have done. It is best to get quotes from various contractors for the project required so the homeowner can choose that company that can give them exactly what they are looking for in a construction company.