Kalterra Capital Partners breaks ground on multifamily development in Waxahachie – Waxahachie Sun

Kalterra Capital Partners announces the groundbreaking of The Hamilton, a 175-unit multifamily development located near the corner of Garden Valley Parkway and Goodnight Lane in Waxahachie. The project is the business’ first active adult development and Kalterra Construction’s first-ever multifamily assignment. 

According to a media release, The Hamilton will fulfill a growing need for senior housing in a supply-constrained market where there are no market rate active adult communities.

“The development will provide a space that appeals to active individuals looking for lifestyle-based housing focused on comfort, safety and community,” the release said. “The Hamilton is expected to set the benchmark for active adult, market rate living in Waxahachie to create a lasting, quality standard in multifamily development.”

The Hamilton is the second of KCP’s three developments in the county.

“Waxahachie has been a prime market for Kalterra and our investors,” said Nic Balsamo, KCP partner. “We are pleased with the strength of its rental market. We are seeing retirees opting to live in rental communities that require little-to no maintenance and The Hamilton will cater to that lifestyle. Given the growth of Ellis County, it was only a matter of time before a class-A active adult community would be built – and we feel fortunate to be the team to make that happen.”

The development is on 7.8 acres with more than 134,000 square feet of net rentable area. Planned amenities include an outdoor putting green, bocce ball and pickleball court, dog park and spa, indoor golf simulator, theater, salon and fitness room. The expected opening is the fourth quarter 2022.

“At Kalterra, our goal is to build a legacy,” said Clint Nolen, KCP managing partner and co-founder. “We have a team of exceptional players with unique and diverse experiences that allow us to challenge the status quo and deliver great results. The Hamilton will be a perfect example of how we align ourselves with our partners to design and build a first-class product tailored to the target market.”

Besides Waxahachie, the Dallas-based private real estate company has projects slated to begin construction this year in Grand Prairie, Kyle and San Marcos, with a goal of more than 6,000 units completed by 2030.