A two-story office building that has sat empty on East Arapaho Road is coming down to make room for one of Richardson's larger new apartment communities.
Legacy Partners and its equity partner, CrossHarbor Capital Partners, have bought the 10.4-acre property at 250 E. Arapaho Road and broken ground on Legacy Arapaho, a 444-residence complex, Connect CRE reported Tuesday. First United Bank, based in Durant, Okla., is providing the construction financing, and Grapevine-based Rampart Multifamily is the general contractor.
The developers expect leasing and the first move-ins in spring 2028, with the whole project finished by spring 2029.
What is planned
A project registration filed with the Texas Department of Licensing and Regulation describes five buildings covering about 381,000 square feet: a four-story apartment building wrapped around a four-story parking garage, two three-story buildings and two rows of two-story townhomes, arranged around two courtyards with amenity space. The state filing lists construction from September 2026 to November 2028.
The site falls in the Station Area Sub-District of the city's Collins/Arapaho transit-oriented development district. The City Council approved the zoning plan for a 443-unit development there in February 2025 after the City Plan Commission recommended it, according to a published recap of that meeting.
That recap says the council's unanimous vote added a condition on improving nearby crosswalks, and that the approved plan kept the existing 4-foot sidewalks along the property and allowed one building along Arapaho to run longer than 450 feet without the usual break.