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Trammell Crow's residential arm teams up for Dallas-area project despite 'challenging market'

High Street Residential partners with Japan's Tokyu Land Corp. in first joint venture project
Trammell Crow market leader Joel Behrens spoke Wednesday at a project site in downtown Richardson, Texas. Finding developable land is one of the biggest hurdles for apartment developers, he said. (Candace Carlisle/CoStar)
Trammell Crow market leader Joel Behrens spoke Wednesday at a project site in downtown Richardson, Texas. Finding developable land is one of the biggest hurdles for apartment developers, he said. (Candace Carlisle/CoStar)

The residential subsidiary of Trammell Crow, High Street Residential, is teaming up with Tokyo, Japan-based Tokyu Land Corp. to begin work on a $64 million apartment complex in Richardson, Texas, through a public-private partnership with the city in the Dallas-Fort Worth region.

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