Construction Begins on One Rangers Way in Texas – Multifamily Real Estate News
Major League Baseball’s Texas Rangers and The Cordish Cos. have broken ground on the One Rangers Way luxury community in the Arlington Entertainment District in Arlington, Texas. Set to open in 2024, One Rangers Way will offer residents the opportunity to live in a luxury rental building within walking distance of Globe Life Field, home of the American League MLB team with in Arlington since they moved to Texas in 1972. Also near One Rangers Way will be Choctaw Stadium and AT&T Stadium.
The 300-unit apartment community will feature a mix of one- and two-bedroom apartments and penthouses, as well as a 423-space parking garage. Residential units will offer high-end appliances, above-average ceiling heights and floor-to-ceiling windows. The property will also meet national green building standards certification.
A game room with billiards and ping pong tables will be among the 43,000 square feet of space for indoor and outdoor amenity offerings.
A few steps away
The project continues the next phase of more than $1 billion in new developments underway in Arlington’s entertainment district, which began with the opening of Texas Live! four years ago Also included in the Arlington Entertainment District will be the nearby Lowes Arlington Hotel & Convention Center, the National Medal of Honor Museum and Spark Coworking. Residents will benefit from convenient access to Richard Greene and Dr. Linear Parks. Robert Cluck, which offer open areas for strolling, intriguing art sculptures and nearly 3 miles of paved paths throughout the Arlington Entertainment District for biking, walking and running.
In a prepared statement, officials at The Cordish Cos. reported that One Rangers Way represents a step toward a larger $4 billion vision for the city of Arlington, Texas Rangers, The Cordish Cos. and Lowes Hotels & Co. to transform the Arlington Entertainment District into the nation’s premier sports, entertainment, hospitality, culture and lifestyle destination. The partnership’s total investment in new developments totals more than $2.4 million. Two months ago, Cottonwood Group and Texsun Holdings acquired a portfolio in the Fort Worth market.
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