Joint Venture Initiates Construction of 236-Unit Multifamily Project in Denison, Texas

A joint venture formed by 2GR Equity, Preston Forrest Capital, and Cross Development has commenced construction on "The Katy at Waterloo Trails," a 236-unit multifamily project in Denison, Texas. Situated approximately 75 miles north of Dallas, this development is positioned within the larger Waterloo Trails master-planned community, indicating a strategic approach to integrating new housing with existing or planned infrastructure.

The multifamily property is slated to feature a variety of amenities designed to enhance resident lifestyle. These include a swimming pool, a modern fitness center, a dedicated business center for remote work or study, a community kitchen for social gatherings, and multiple dog parks catering to pet owners. While specific floor plan details were not disclosed, the project aims to deliver diverse living options.

Construction is actively underway, with the joint venture targeting a completion date in late 2027. This initiative underscores ongoing investment in the Denison area's housing market, responding to the demand for new residential units within a structured, amenity-rich environment. For stakeholders in real estate development, architecture, and finance, this project exemplifies active multifamily opportunities in growing Texas submarkets, offering insights into regional development trends and partnership models.