Developers Mine Suburbs for Multifamily Projects

PLANO, TX—Developers are eying the Telecom Corridor north of downtown for multifamily developments, including one local real estate investor Abid Abedi, who will break ground this week on 19 acres at the northwest corner of Plano Parkway and Independence Parkway in Plano.

Abedi is developing the land for the construction of 182 new single-family townhouses/condos. Chris Callicutt and Robert Grunnah of Novus Realty Advisors represented the seller in this transaction and have brokered portions of this 25-acre land parcel for several years.

 

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