Case Studies

Doverhouse

Luxury Mid-Rise Apartment Development

On an off-market basis, AHC Funds acquired a 4-acre infill parcel formerly owned by a church, and developed a 219-unit apartment project with adaptive reuse of an historic chapel building into a restaurant space, leased to local favorite Ascension Craft Coffee + Wine.

Summary Highlights

PRODUCT

Partial podium, four-story apartment building

Location highlights

Located on major six-lane thoroughfare, Garland Road, five miles from downtown; near White Rock Lake recreation area and The Dallas Arboretum and Botanical Garden; adjacent to major local employer, White Rock Medical Center, and grocery-anchored Casa Linda shopping center

Strategy

Acquire a well-located parcel in a high barrier-to-entry market to entitle, develop, and sell the 219-unit project, incorporating adaptive reuse of an historic chapel into its design.

Year of construction

2022

Units

219

Investment Type

New Construction Development