The NRP Group Delivers 324-Unit Mixed-Income Community in Dallas

Grand opening of Ascent at Mountain Creek brings vital housing options to one of the fastest-growing cities in Texas

DALLAS--(BUSINESS WIRE)--The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the opening of a 324-unit, mixed-income housing community in Dallas, Texas. Ascent at Mountain Creek is just 15 minutes outside of downtown Dallas, with 50% of the units reserved for individuals and families earning 80% or less than the Area Median Income (AMI).

Located at the intersection of Highway 408 and I-20, Ascent at Mountain Creek offers scenic views of rolling hills and considerable green space and is less than 10 miles from Mountain Creek Lake. The community is also in close proximity to the 450-acre Mountain Creek Business Park, home to companies such as Nestlé, Ulta Beauty and Chewy. Everyday conveniences such as Target, Home Depot and the Methodist Charlton Medical Center are just a 10-minute drive away, along with recreational venues such as Epic Waters Waterpark and Grand Oaks Golf Club. Residents will also have access to ample retail and dining options, as well as major employment hubs in downtown Dallas.

“As Dallas-Fort Worth’s affordability crisis deepens, Ascent at Mountain Creek provides much-needed housing at a mix of income levels for essential workers, from teachers and nurses, to first responders and public transit operators,” said Alena Savera, Vice President of Development at The NRP Group. “We’re grateful for the partnership and collaboration of the city, which has allowed us to deliver a community that meets the diverse needs of Dallas renters and enhances resident quality of life.”

The newly delivered community at 4868 S. Merrifield Road comprises 14 three-story, wood-frame buildings offering a mix of one-, two- and three-bedroom apartments. To meet resident demand for larger units that accommodate work-from-home preferences, den floor plans for one- and two-bedroom units are also available. In-unit features include quartz countertops, backlit mirrors, stainless steel appliances and walk-in closets. Residents can enjoy a variety of community amenities, including a resort-style pool, dog park, state-of-the-art fitness center with a spin room and clubhouse lounge.

“There is a pressing need for mixed-income housing in the metroplex, where rising costs are making it harder for residents to find affordable homes,” said Keith Pomykal, District 14 Dallas PFC Board Member. “Working with The NRP Group has allowed us to deliver the quality and attainable housing our community needs.”

The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,700 units across 30 properties in the region, and recently broke ground on new affordable housing developments Thrive on Crawford in Fort Worth and The Fielder in Mesquite.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.