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PMB Capital to build $250M mixed-use project in Sachse, Texas

Dallas-based PMB Capital Investments is constructing a $250 million mixed-use project that will offer 400,000 square feet of commercial and retail space, upward of 600 apartments and over 250 single-family homes in Sachse, Texas, The Dallas Morning News reported, citing PMB Capital partner Taylor Baird.

Spanning 119 acres, the multiyear project's first phase will feature about 225 single-family homes and townhouses, as well as roughly 300 apartments. Ashton Woods and K. Hovnanian Homes will build the homes for the project.

Sachse's Heritage Park will also be revamped to include an amphitheater, a boardwalk surrounding a large water feature and walking trails.

CBRE brokered the sale of the land to the developer in the fall of 2018, and The Station's opening is scheduled for early 2020.