WATTERSCAPE
Targa’s first project outside of Florida is Watterscape, a 469 unit development in the fast-growing area of Allen, TX.
WATTERSCAPE AT A GLANCE
Project Financing
$83.4M Total
$49.9M Non-recourse Loan Bank OZK
$19.8M Preferred Equity UDR
$13.7M Equity
Development Team
Dalcor Companies
Moss Construction / LandmarkJHP Architecture / Urban Design
Jordan & Skala Engineers
Kimley Horn
Urban Structure
SJL Design Group
Location
Highway 121 & Watters Road, Allen, TX 75013
Project Highlights
469 multifamily units, 378,899
rentable SF, 4 story building,
700 parking spaces, Class A
amenities, walking distance to
city trail system and within
1.7 miles to retail shops,
restaurants, health care and
entertainment.
CONTRUCTION UPDATES
Watterscape – June 2021
Watterscape – August 2021
Watterscape – November 2021
Watterscape – May 2022
Watterscape – October 2022
Watterscape – April 2023
