The Calloway
A 312-unit stabilised community in Las Colinas, offered by the developer that built it.
- Transaction
- For Sale
- Size
- 284,000 SF
- Price
- $71,500,000
- Availability
- Immediate
- Status
- Available
The Calloway reached stabilisation in early 2026 at 94% occupancy. We are offering it as an income-producing asset, not a value-add story — the renovation premium has already been taken because the building is new.
Income-producing multifamily is a commercial asset class and is underwritten here as one. This is not residential brokerage, and REDPartners does not sell homes.
At a glance
5200 Riverside Drive
Irving, TX 75039
- 312 units, 284,000 net rentable SF
- 94% occupied and stabilised as of Q1 2026
- Structured parking at 1.6 spaces per unit
- Built 2025 to REDPartners' specification
- Walkable to the Las Colinas Urban Center
Specifications
- Unit mix
- 312 units — 118 one-bedroom, 164 two-bedroom, 30 three-bedroom — averaging 910 net rentable SF.
- Occupancy
- 94% physical occupancy at stabilisation, Q1 2026.
- Parking
- Structured deck at 1.6 spaces per unit, with controlled resident access.
- Construction
- Delivered 2025; wrap construction over a five-level parking structure.
Asset class
How we underwrite and build multifamily & build-to-rent.
Individuals, family offices & institutions
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