{"id":375830,"date":"2026-07-16T19:12:10","date_gmt":"2026-07-16T19:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/375830\/"},"modified":"2026-07-16T19:12:10","modified_gmt":"2026-07-16T19:12:10","slug":"54m-equity-deal-for-new-multifamily-high-rise-in-plano-texas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/375830\/","title":{"rendered":"$54M Equity Deal for New Multifamily High-Rise in Plano Texas"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/07\/Untitled-April-05-2026-at-15.21.04-32.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/07\/Untitled-April-05-2026-at-15.21.04-32.jpeg\" alt=\"Park at Legacy\" title=\"Park at Legacy\"\/><\/a><\/p>\n<p>Northmarq\u2019s <a href=\"https:\/\/www.northmarq.com\/offices\/tx\/dallas-tx\" target=\"_blank\" rel=\"noopener nofollow\">Dallas<\/a> Debt + Equity team of <a href=\"https:\/\/www.northmarq.com\/people\/joel-heikenfeld\" target=\"_blank\" rel=\"noopener nofollow\">Joel Heikenfeld<\/a>, <a href=\"https:\/\/www.northmarq.com\/people\/charlie-rimkus\" target=\"_blank\" rel=\"noopener nofollow\">Charlie Rimkus<\/a> and <a href=\"https:\/\/www.northmarq.com\/people\/charlie-robinson\" target=\"_blank\" rel=\"noopener nofollow\">Charlie Robinson<\/a> successfully arranged $54 million in equity financing for <a href=\"https:\/\/www.bldup.com\/projects\/the-park-at-legacy\" target=\"_blank\" rel=\"noopener nofollow\">Park at Legacy<\/a>, a new 355-unit high-rise apartment community located at 6501 Legacy Dr. in Plano, Texas.<\/p>\n<p><a href=\"https:\/\/www.northmarq.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Northmarq<\/a> secured the financing on behalf of the borrower, StreetLights Residential, through a correspondent relationship with a confidential equity source. The transaction was structured on a five-year term.<\/p>\n<p>\u201cDespite a selective capital markets environment, high-quality projects in premier locations continue to attract significant investor interest. Park at Legacy exemplifies the type of differentiated development that equity partners are actively seeking today,\u201d said Heikenfeld.<\/p>\n<p>Park at Legacy is a 22-story luxury residential tower featuring 261 high-rise residences and three adjacent townhomes, situated on a 2.74-acre site within the 100-acre former JCPenney headquarters campus. The development offers residences ranging from approximately 682 to 2,843 square feet. The project will feature structured parking and an extensive suite of hospitality-inspired amenities.<\/p>\n<p>Located within Plano\u2019s prominent Legacy corridor, the property offers walkable access to Legacy West \u2014 the region\u2019s premier retail destination featuring 30-plus retailers and 20-plus restaurants \u2014 as well as four lakefront restaurants, a luxury hotel and three Class A office buildings planned within The Park at Legacy master plan. Residents will enjoy direct access to 12 acres of public parks, four miles of walking trails, pickleball courts and dog parks.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/11\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"Northmarq\u2019s Dallas Debt + Equity team of Joel Heikenfeld, Charlie Rimkus and Charlie Robinson successfully arranged $54 million&hellip;\n","protected":false},"author":2,"featured_media":375831,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[103873,17174,48830,3514,36612,24736,29600,132873,160,162,161,29602],"class_list":["post-375830","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-construction-financing","tag-dallas-texas","tag-high-rise","tag-luxury","tag-mixed-use","tag-multifamily","tag-new-construction","tag-northmarq","tag-plano","tag-plano-headlines","tag-plano-news","tag-resort-style"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/375830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=375830"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/375830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/375831"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=375830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=375830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=375830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}