A planned apartment community at 900 S. U.S. Highway 175 would bring 312 rental homes, three-story buildings, and new recreational amenities to southern Seagoville. Behind the building plans is a proposed financial arrangement that would reserve half the apartments for households meeting income limits in exchange for a property-tax exemption.
The project has advanced beyond an initial zoning request. Seagoville City Council approved planned development zoning Aug. 10, 2026, following an earlier decision to create a public facility corporation connected to the apartment proposal.
Together, those actions establish a more detailed picture of what could be built on the approximately 33-acre property near Tractor Supply and the neighboring car wash. The records describe apartment choices, preliminary rents, screening standards, financing plans, and a construction sequence, although final leasing terms and a confirmed opening date remain unverified.
What the Apartment Community Would Include
The NRP Group’s July presentation outlined a community with approximately half its apartments configured as one-bedroom units, 42% as two-bedroom units, and 8% as three-bedroom units. Average apartment size would exceed 1,000 square feet, with no efficiency apartments proposed.
The presentation distinguished between a proposed maximum of 360 apartments and the developer’s intended 312-unit layout. Council’s August meeting minutes also describe 312 apartments, so the two figures should not be interpreted as evidence that the project was reduced between those meetings.
Approximately 13 three-story apartment buildings would occupy the residential portion of the development. Seven commercial pad sites would form another component of the overall property, placing rental housing and potential businesses within the same development framework.
The three-story design was an important reason for seeking planned development zoning. During the planning review, city staff explained that the existing apartment zoning generally limited buildings to two stories.
Half the Apartments Proposed for Income Restrictions
The development’s public financing discussions began before the 2026 zoning approval. On Nov. 24, 2025, council members voted 3-0 to authorize creation of the Seagoville Public Facility Corporation, with meeting minutes specifically connecting the action to NRP’s proposed apartments on the property known as the Lacey Tract.
NRP’s presentation proposed reserving 40% of apartments for households below 80% of area median income and another 10% for households below 60%. The remaining half would be market-rate apartments.
Area median income provides a benchmark for determining eligibility, with applicable limits adjusted for household size. The percentages describe proposed eligibility categories; they do not mean tenants would automatically pay 60% or 80% of an unrestricted apartment’s rent.
The arrangement matters to residents because it could create a combination of income-restricted and unrestricted housing within one community. However, creating the public corporation does not, by itself, establish that the final affordability agreement was executed or that project financing closed.
Preliminary Rents and Applicant Qualifications
At the July hearing, NRP estimated one-bedroom rents of approximately 1,400–1,500 monthly, two-bedroom rents of 1,750–1,950, and three-bedroom rents above $2,000. The developer expressly described those amounts as estimates reflecting market conditions at the time.
Those figures were not a final leasing schedule. They also did not establish the eventual prices for every income-restricted apartment, which would require confirmation through the completed project arrangements and leasing information.
NRP’s earlier presentation described an applicant screening standard requiring documented monthly income of at least three times the rent. It also outlined credit checks, criminal-background checks, and rental-history screening.
For illustration, applying a three-times-rent standard to a $1,400 apartment would require $4,200 in monthly income, or $50,400 annually. That calculation explains the proposed standard’s practical effect; it is not a verified qualification for an apartment currently available at this property.
Pool, Fitness Facilities, and Apartment Interiors
Council records identify a resort-style swimming pool, fitness studio, resident lounge, business center, and outdoor grilling facilities among the planned amenities. The development description also includes a 5,000-square-foot dog park.
During the November presentation, NRP described apartment interiors with quartz or granite countertops, walk-in closets, and washers and dryers. The company used examples from its other communities to illustrate the type of housing it develops, so those images should be understood as references rather than photographs of completed Seagoville apartments.
The earlier proposal also envisioned a publicly usable dog park with parking and a trail around the floodplain. Public access and the final trail configuration would need to be confirmed through the completed development documents.
Security features presented by NRP included gates, cameras, and a security system. These were elements of the developer’s proposal rather than an independently verified description of an operating property.
Parking and the Crestview Connection
The apartment presentation included optional carports and detached garages available for additional charges. Council’s zoning approval specifically prohibited parking along Crestview Drive, making the development’s internal parking arrangements particularly important.
The council records describe a combination of 10-by-20-foot and 9-by-18-foot parking spaces. A verified final parking-space total and prices for covered parking were not established in the materials reviewed.
Crestview Drive is also central to the broader development. Council approved a companion thoroughfare-plan amendment changing the planned roadway segment within the property from a four-lane major collector to a three-lane minor collector.
The approved development description includes enhanced landscaping, public crosswalks, and antique-style street lamps along Crestview. These improvements would help connect the residential and commercial portions, although seven commercial pad sites do not mean seven businesses have signed agreements to open.
How the Project Would Be Financed
NRP’s November presentation proposed a financing structure consisting of 60% construction debt and 40% equity. It identified a need for approximately $30 million in investment, a figure that should not be described as the project’s total construction cost.
The developer said it would cover formation-related legal expenses and annual audit costs, with no direct city funding proposed. The contemplated property-tax exemption would nevertheless represent a public financial concession tied to the proposed income-restricted housing.
That distinction is important when evaluating the development’s public costs and benefits. A proposal requiring no direct municipal cash contribution can still involve significant tax treatment, and the final agreement would determine the enforceable obligations.
Construction Would Proceed in Stages
NRP described nine to 12 months for design, construction documents, permitting, and lender arrangements, followed by approximately 14 to 16 months of construction before initial occupancy. Completing the remaining apartments would take another four to six months.
The developer proposed opening the front buildings first and finishing apartments farther back afterward. Those estimates establish a phased approach, but they do not provide a confirmed groundbreaking or opening date.
NRP is the identified apartment developer and describes its business as including development, construction, and property management. A property-specific management appointment, leasing contact, final rent schedule, and verified construction start have not been established in the reviewed records.
The next measurable milestones are an executed project agreement, a documented financing closing, and issued construction permits. Those records would show when the approved apartment concept is moving toward homes residents can actually rent.
