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Trammell Crow Co tees up Mockingbird multifamily with rent growth on horizon

Development’s 2027 delivery timed to coincide with rising rents in DFW

<p>Trammell Crow Company CEO Danny Queenan with a rendering of Mockingbird Station (Getty, Trammell Crow Company, Mockingbird Station)</p>
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Key Points

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This summary is reviewed by TRD Staff.

  • Trammell Crow Company is building a second multifamily project at Mockingbird Station. The 395-unit project is expected to cost $80 million. 
  • Construction will start in September, and the project is expected to be delivered in July 2027. 
  • The project’s 2027 delivery is likely timed to coincide with rising rents in Dallas-Fort Worth. Oversupply caused rents to plunge beginning in 2022, but the rate of decline has slowed, with rates falling just 0.4 percent year-over-year at the end of January, according to data from Yardi Matrix. 

Trammell Crow Company’s plans for Mockingbird Station don’t appear to be waylaid by tariffs, with a multifamily project on track to start construction in September. 

The Dallas-based developer estimates that the seven-story, 395-unit apartment building will cost $80 million, according to a recent state filing. That’s $202,500 per unit. Construction on what’s known as phase 2 of Mockingbird Station East is expected to wrap up in July 2027, the filing said. 

Trammell Crow is building the 677,000-square-foot complex at 5399 Twin Cities Drive. Dallas-based GFF Design is the designer on the project. 

Mockingbird Station is a transit-oriented development built around the Dallas Area Rapid Transit station. When it’s completed, the 11-acre project will feature 19,000 square feet of retail and 142,500 square feet of office space. 

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The development counts among its tenants movie theater Angelika Film Center, West Elm, Urban Outfitters and Woodhouse Spa. Mockingbird Station already has apartments, the Lofts at Mockingbird Station, a 211-unit complex converted from a warehouse built in 1948. 

Less than two miles south on North Central Expressway, Trammell Crow Co. is leading a team of developers to build a 12-story office building on the site of Chuy’s Tex-Mex restaurant at 4544 McKinney Avenue, with an eye toward delivery in 2028.

That 300,000-square-foot building, dubbed Knox & McKinney, will include ground-floor retail space.

The 2027 delivery of Mockingbird Station’s latest multifamily component is likely timed to coincide with rising rents in Dallas-Fort Worth. Oversupply caused rents to plunge beginning in 2022, but the rate of decline has slowed, with rents falling just 0.4 percent year-over-year at the end of January, according to Yardi Matrix.

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