Hillwood Breaks Ground on Luxury Multifamily Community in Argyle
Deal News | Mar 04, 2025 | Hillwood Development Co LLC
Hillwood Development Co LLC has launched the construction of Harvest House, a 349-unit luxury multifamily community positioned near Harvest Town Center, part of Hillwood's expansive Harvest master-planned community in Argyle, Texas. Situated at the northeast corner of I-35W and FM 407, Harvest House features 259 upscale apartments and 90 townhomes. The development offers proximity to retail and commercial amenities, including the forthcoming Tom Thumb grocery store. The community is strategically located within the prestigious Argyle ISD and Hillwood’s larger 27,000-acre AllianceTexas project, which supports 66,000 direct jobs. Mark McHenry, Hillwood Multifamily’s senior managing director, emphasized the significance of this first luxury multifamily project in the rapidly expanding region. Harvest House will offer diverse housing options and is set to be completed by late 2026, with pre-leasing initiation planned for Fall 2025. The project is a joint venture between Hillwood Properties and Hillwood Communities, with Comerica Bank providing the financing.
Sectors
- Real Estate Development
- Multifamily Housing
- Finance and Investment
Geography
- United States - Texas – The project is located in Argyle, Texas, and is part of Hillwood's ongoing developments within the state.
Industry
- Real Estate Development – Hillwood is a prominent player in the development of commercial and residential properties, focusing on delivering high-quality real estate projects.
- Multifamily Housing – The article discusses a new multifamily housing project, which falls under the sector focused on residential developments such as apartments and townhomes.
- Finance and Investment – Comerica Bank is providing financing for the Harvest House project, indicating its involvement in financial services for real estate investments.
Financials
- Not specified – The exact financial details of the project financing are not provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hillwood Development Co LLC | Developer | Company | A premier real estate developer involved in the construction of commercial and residential properties across North America and Europe. |
| Hillwood Properties | Co-Developer | Company | Hillwood Properties is a division of Hillwood focusing on industrial-logistics, corporate office, and retail mixed-use development. |
| Hillwood Communities | Co-Developer | Company | A division of Hillwood specializing in the creation of residential communities. |
| Comerica Bank | Financier | Company | A financial services company providing funding for the Harvest House project. |
| Mark McHenry | Senior Managing Director of Hillwood Multifamily | Person | Executive overseeing Hillwood's multifamily housing projects. |