SOURCE: Lincoln Property Company

Lincoln Property Company

November 12, 2015 05:00 ET

Lincoln Property Company: $34 Million Development Breaks Ground in Downtown Rowlett

ROWLETT, TX--(Marketwired - Nov 12, 2015) - The Village of Rowlett broke ground on Wednesday morning, October 28, 2015. This $34 million mixed-use, residential development is expected to revitalize and bring new life to downtown Rowlett.

Similar in scope to the Uptown neighborhood of Dallas, TX or Addison Circle, located in Addison, TX, the Village of Rowlett will include 249 apartment residences and 20,000 square feet of restaurant, office, library, and amenity space. With a variety of amenities such as a dog park, community garden, bocce ball court, and designated yoga lawn, the project is expected to create a more walkable downtown, drawing in residents from all over the city.

The Village of Rowlett will be a joint venture between The Integral Group of Atlanta and Catalyst Urban Development of Dallas, as well as a public/private partnership with the City of Rowlett. Lincoln Property Company, the nation's second largest multifamily manager, will manage the apartment residences, bringing over 50 years of experience. Theresa Kaiser-White, Lincoln's Vice President in the Southwest, stated at the ground breaking ceremony, "We're excited to play a role in the success of the Village of Rowlett and contribute to the revitalization of Rowlett's city center. Most importantly, we're looking forward to watching the apartments come to fruition and to eventually meet our new residents."

The Village of Rowlett is expected to guide the way for additional investments into the city.

About Lincoln Property Company

Lincoln Property Company was founded in 1965 as a builder and operator of high-quality residential communities. In the early 1970's, Lincoln expanded its product mix to include commercial, build-to-suit, office, hotel, industrial, and other mixed-use assets. In 1972, Lincoln took this expertise within the United States to Western Europe and the Middle East.

In 2001, Lincoln joined forces with the U.S. Department of Defense to renovate and redevelop family housing at selected bases for the Navy, the Marine Corps, and the Army. Through innovative management, property rehabilitation and award-winning new construction designs, Lincoln is now one of the largest operators of military housing in the country. Lincoln continued its growth in 2013 with the acquisition of Grand Campus Living, increasing the depth of knowledge in the rental housing sector for the firm.

Headquartered in Dallas, TX, Lincoln focuses on real estate investment, construction and development, in addition to property management. Their national reputation has enabled Lincoln to attract a large client base of owners and investors who count on their ability to deliver quality results and continually serve as a market leader.

For more information about Lincoln Property Company, please visit http://www.lincolnapts.com/management-services or visit http://www.lincolnapts.com/regions/ for apartment listings in your area.

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