Plano’s first apartment tower is a hit with empty nesters, developers say | Real Estate | Dallas News
Plano’s first high-rise apartment tower has opened its doors and is already more than 40 percent leased.
The 25-story Kincaid at Legacy is on the Dallas North Tollway in Plano’s Legacy Town Center. Developed by Trammell Crow Co.’s High Street Residential division, the 300-unit rental tower is the first of three new residential high-rises being built in the business park.
“We have finished construction in just under two years,” High Street principal Joel Behrens said. “We have been pleasantly surprised with the strong lease-up and demand.”
Rents start at $1,500 for the smallest unit, and the average apartment in the Kincaid goes for $2,900 a month. Units range in size from 677 square feet to more than 4,500 square feet.
“We have one unit that’s two stories and 4,600 square feet and leased already,” Behrens said. “It has over 2,000 square feet of balcony space facing south.”
Behrens said the building is attracting a relatively mature group of residents.
“We are getting a lot of empty nesters — folks who already live in the area who are selling houses,” he said. “They love the walkability of Legacy Town Center and Legacy West. It’s people who haven’t rented in years or ever, and they are trying it out.”
The Kincaid has a 2,383-square-foot fitness center, a resident lounge with a media screening room, a billiard room, an entertainment kitchen, conference rooms, a business center and bike storage. There are two swimming pools and a seventh-floor “amenity deck” that has a dog park and lounge areas with views of the surrounding retail district.
“We have up to 48 private garages inside the parking garage,” Behrens said. “We’ve been surprised by the demand for those.”
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