1312 Larkspur Dr

Property Overview:
Zoning: Approved for a 48-unit multifamily building with an opportunity for ground-floor retail to establish a mixed-use development.
Land Area: .83 acres
Location: Strategically positioned at the corner of Larkspur Dr & Plano Rd, within Richardson city limits. The property benefits from high visibility and easy access to major thoroughfares. There's 60,000 cars passing by daily.
Market Overview:
Richardson, TX is part of the Dallas-Fort Worth Metroplex, one of the fastest-growing metro areas in the U.S., known for a diverse economy and strong employment growth.
The multifamily sector in Richardson has seen consistent demand due to its proximity to major employment hubs such as the Telecom Corridor, University of Texas at Dallas, and numerous corporate campuses within a 5-mile radius.
Retail Sector: The ground-floor retail adds substantial value, serving a growing residential community and attracting tenants who value walkable amenities. Richardson’s retail demand is buoyed by the presence of established retail centers in the vicinity.
Target demographic could include young professionals, university students, and employees in tech and finance industries.
The Class A multifamily sector in this area is highly competitive, and modern amenities will be key to attracting high-quality tenants.