Details

Address

820 E. University Dr, McKinney, TX 75201

Units

260

Developer

Sphinx Development

About

The nearly $65 million project will include 260 units across 11 residential buildings, with three buildings being townhomes and the other eight buildings being two- or three-story apartments, according to Joseph Agumadu, Sphinx Development chief financial officer. The property will have 36 studio apartment units, 82 one-bedroom apartment units, and 120 two-bedroom units and 22 three-bedroom units across both the townhome and apartment buildings.

Estimated Cost

$36,000,000 (Texas Department of Licensing and Regulation)

Timeline

October 14, 2022 - The development, titled 380 Villas, is a product of Sphinx Development, a Dallas-based development company that specializes in affordable housing. The project broke ground at 820 E. University Drive, east of Throckmorton Street, on Oct. 4. (Community Impact)

October 19, 2022 - The development, 380 Villas, is set to open in east McKinney in 2024. Sphinx Development is overseeing the $65 million affordable housing project. (Connectcre)