We are pleased to announce that Argosy Real Estate Partners, in partnership with Larkspur Capital, has acquired an approximately four-acre, fully-entitled site for the ground-up development of Eastlake, a 56-unit build-for-rent urban townhome community.  The site is located in the East Dallas submarket of Dallas, TX within proximity to multiple retail offerings and White Rock Lake.

Upon completion, the project will feature a mix of three-story townhomes, two-story duplexes and two-story bungalows with two- and three-bedroom units.  Each home will include a washer and dryer, stone countertops, stainless steel appliances, walk-in closets, gated backyards, and smart home technology packages.  The project will also have common area amenities including a resort-style pool and barbecue area.

Argosy’s development partner, Dallas-based Larkspur Capital, is a real estate developer focused on boutique projects in Dallas’ urban core.  Founded in 2013, Larkspur is currently developing multiple townhome and multifamily projects in the Bishop Arts, Knox Henderson and Deep Ellum neighborhoods of Dallas.  Eastlake is Argosy’s second investment in partnership with Larkspur Capital.