{"id":1004068133,"date":"2013-03-03T20:41:31","date_gmt":"2013-03-04T04:41:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=105994"},"modified":"2020-04-08T08:57:52","modified_gmt":"2020-04-08T16:57:52","slug":"adriatica-village-apartment-community-in-mckinney-receives-25m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/adriatica-village-apartment-community-in-mckinney-receives-25m-loan\/","title":{"rendered":"Adriatica Village Apartment Community in McKinney Receives $25M Loan"},"content":{"rendered":"<p>By Camelia Bulea, Associate Editor<\/p>\n<div id=\"attachment_105997\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/adriatica-village.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-105997 \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/adriatica-village.jpg\" alt=\"\" width=\"300\" height=\"224\" \/><\/a><\/p>\n<p class=\"wp-caption-t3ext\">Condos under construction<\/p>\n<\/div>\n<p>Developers plan to break ground on a new 211-unit apartment community in Adriatica Village, a European-inspired mixed-use town center development in McKinney, after having received $24.9 million for construction work.<\/p>\n<p>Dubbed St. Paul Square, the apartment community is expected to be completed by late summer 2014, according to the <em><a href=\"https:\/\/www.bizjournals.com\/dallas\/news\/2013\/02\/22\/european-inspired-town-center-project.html\" target=\"_blank\" rel=\"nofollow\">Dallas Business Journal<\/a><\/em>. The $24.9 million loan was arranged by Washington, D.C.-based Love Funding. According to an official statement by the company, the loan for the Class A multifamily project was secured through the U.S. Department of Housing and Urban Development&#8217;s loan insurance program for new construction projects.<\/p>\n<p>Ranging from 700 square feet up to 1,600 square feet, the available homes will include one-, two- and three-bedroom luxury units, according to the Adriatica Village Web site.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/adriatica.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-105998\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/adriatica.jpg\" alt=\"\" width=\"300\" height=\"159\" \/><\/a>The 45-acre Adriatica Village will also feature single-family homes and condominiums, retail stores, restaurants, medical offices, as well as a weekly farmer&#8217;s market near the center&#8217;s bell tower. The unique project is being modeled after Supetar, a fishing village located on Croatia\u2019s coast, featuring many elements from the old European architecture, according to Love Funding.<\/p>\n<p>Initially conceived by Jeff Blackard, the town center project is now being led by developers David Brooks and George Fuller, the Dallas publication noted.<\/p>\n<p><em>Photos courtesy of Adriatica McKinney, Texas Online<br \/>\n<\/em><\/p>\n<p>For more news from Dallas, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-employment-boom-continues-across-dfw-metroplex-leading-to-tight-apartment-conditions-and-renewed-construction\/1004064354.html\" target=\"_blank\" rel=\"nofollow\"><strong>click here<\/strong><\/a><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers plan to break ground on a new 211-unit apartment community in Adriatica Village, a European-inspired mixed-use town center development in McKinney, after having received $24.9 million for construction works.<\/p>\n","protected":false},"author":271,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004068133","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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