Stillwater Capital Announces Groundbreaking of 387-Unit Crystal Springs Community in Fort Worth’s River District Market

DALLAS, TX – Capital Investments, a leading Dallas-based developer, announced the start of construction on Stillwater Crystal Springs, a 387-unit, Class-A+ apartment community in Fort Worth, Texas. Stillwater is partnering with Boston-based CrossHarbor Capital Partners on the project. The first units are scheduled to be delivered in early 2022 and will consist of studio, one-, and two-bedroom units.
Stillwater Crystal Springs is situated on 6.85 acres along the West Fork Trinity River in The River District, a 287-acre master plotted neighborhood approximately three miles west of downtown Fort Worth. The historic neighborhood allows for simple access to major thoroughfares and is just minutes from West 7th, Magnolia Street, and downtown. The neighborhood is home to a variety of Fort Worth staples including Heim Barbecue, Tim Like’s Gemelle, Salsa Limon, Flowers on the Square, and is just minutes from Lockheed Martin’s regional facility at the Naval Air Station Joint Reserve Base.
The project is named after its predecessor, the Crystal Springs Dance Pavilion, which was home to a well loved dance hall and swimming hole from 1930 to 1966, famously known as the birthplace of Western Swing. The country music venue was a well loved destination and featured such performers as Bob Wills and Milton Brown, with reported guests such as the infamous Bonnie Parker and Clyde Barrow.
“We are excited to bring a high-quality project to the up-and-coming River District neighborhood,” said Stillwater Partner Clay Roby. “The unique topography of the site provides an opportunity for elevated amenity decks and incredible views. With direct access to the Trinity Trail, the project will also address increasing demand for developments that promote density and walkability in a thoughtful and community-focused way.”
The development will offer a best-in-class set of community amenities including an elevated amenity deck with a resort style pool, courtyard with outdoor lounge area and fire pit, expansive coworking space, a dog park, bike storage, fitness center, Wi-Fi in all common areas, controlled building access, and garage parking. Each unit will feature stainless steel appliances, quartz countertops, custom cabinetry, faux wood floors, and modern finishes.
The community is the initial phase of a mixed-use development consisting of restaurants, office, and retail centered around an activated green space. The project’s thoughtful design will capture the unique history of the site and will provide multifamily residents with a uniquely Fort Worth experience.

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West Shore Expands National Multifamily Portfolio with Acquisition of 249-Unit Isla Antigua Apartment Community in Florida

ST AUGUSTINE, FL – West Shore, a fully integrated multifamily real estate investment firm, announced the acquisition of Isla Antigua, a unique 249-unit apartment community located in St. Augustine, Florida. The addition of this asset marks West Shore’s 29th acquisition and its 13th in the state of Florida. The company’s expanding national footprint now includes 27 residential properties with 8,361 apartment units and well over $1 billion in assets under management.
“We are excited to further expand our footprint in Florida with this remarkable asset in St. Augustine,” said West Shore Chairman Steven P. Rosenthal. “The acquisition of Isla Antigua is a fantastic example of our real estate investment strategy.”
Isla Antigua, located at 655 West Marina Cove Drive, has over 850 feet of Intracoastal Waterway frontage in St. Augustine, FL, and is the only multifamily asset built on Anastasia Island since 1984. The newly constructed community is in an ideal location with quick access to retail, entertainment, historic Downtown St. Augustine, and the city’s largest job centers. The property’s unique waterfront outdoor amenities include a resort-style pool with private cabanas, an outdoor kitchen with grilling and dining areas, a sunset beach retreat with fire pit lounges, and a private dock with a kayak launch system. The grand clubhouse features billiards, game, and media rooms, a full business center, and a professional fitness club that includes interactive cardio equipment, a yoga and spin studio, and an indoor rotating rock-climbing wall. The community’s apartments boast breathtaking waterfront views and open concept floor plans with modern kitchens, high-end finishes, oversized closets, and private balconies.
“Isla Antigua is a very valuable addition to our growing portfolio,” said Lee Rosenthal, President of West Shore. “We are proud of our expansion in Florida and we expect to continue our significant growth both in Florida and nationally as well.”
In addition to Isla Antigua, West Shore’s other multifamily properties in Florida include: Grande Oasis at Carrollwood in Tampa, Deerwood Village in Ocala, The District at Clearwater in Clearwater, The Point at Naples and Belvedere at Quail Run in Naples, Savannahs at James Landing and Veridian Townhomes in Melbourne, and Live Oaks at Killearn, 2305 at Killearn, and The Greens at Ancient St. Augustine in Tallahassee.

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McShane Construction to Build 202-Unit Luxury Multifamily Community for Leon Capital Group in North Phoenix Market of Scottsdale

PHOENIX, AZ – Leon Capital Group has selected McShane Construction Company to provide comprehensive construction services for Kierland Apartments, a 202-unit luxury multi-family community in north Phoenix. McShane is also underway with Soltra at SanTan Village, a 380-unit multi-family development in Gilbert, Arizona for Leon Capital Group.
We have a fantastic working relationship with Leon Capital Group and are very excited to be partnering with them on another multi-family assignment, shared Jim Kurtzman, Senior Vice President of McShane s Southwest Regional Office. Kierland is going to be a fantastic addition to Scottsdale, and, with 9,500 square feet of amenity space and high-end finishes, it will provide residents with a resort-style living experience.
Positioned on 1.74 acres at 7111 East Tierra Buena Lane, the development will feature five tales of wood frame construction over a two-tale concrete podium with one subgrade level. The exterior façade will consist of an attractive mix of stucco, stone and metal panels with wire and glass railings on the balconies.
At the basement level, the building will provide underground parking for residents as well as a bike storage/repair room. The ground level will feature additional tenant parking, the main lobby, leasing and management offices, mail center and a dog park. The second floor will incorporate a clubhouse with a poker room and community kitchen. Also at this level, tenants will have access to a deck with a saltwater pool, spa and barbeque areas. Floors three through six will consist of a mix of studio, one-, two- and three-bedroom apartment units.
All units will contain high-end finishes, beverage centers and premium appliances. Many units will feature NanaWall systems with private balconies. The top floor will hold penthouse suites with upgraded finishes.
McShane has been involved in the project since its earliest stages, allowing them to implement pre-construction services that mitigate changes in scope and budget increases during construction. The team successfully provided budget updates at every plotting milestone and design-help services for the building s major systems.
Completion of Kierland is slated for April of 2022. The architect of record is Design Studio Architects.

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