5 Jaw-Dropping Reasons Parkside At Craig Ranch Is The Hottest Multifamily Asset In McKinney, TX (2025 Update)

The landscape of luxury living in North Texas has a new focal point as of late 2025, and it’s centered squarely on Parkside at Craig Ranch in McKinney, Texas. This massive, 1,824-unit apartment community recently became the subject of a record-setting sale and financing deal, signaling a major vote of confidence in the Dallas-Fort Worth (DFW) suburban market. With a new Alabama-based investment firm taking the reins, residents and prospective tenants are now looking forward to significant, value-add renovations and technological upgrades that promise to elevate the already upscale living experience.

Located within the highly acclaimed, 2,200-acre Craig Ranch master-planned community, Parkside offers a unique blend of suburban tranquility and urban convenience. The property’s sheer size, differentiated product offerings, and strategic location near major employment centers like the McKinney Corporate Center made it an irresistible target for one of the largest single-asset multifamily acquisitions in the region.

The Latest Parkside at Craig Ranch Acquisition & Renovation Strategy

The most significant and current news surrounding Parkside at Craig Ranch revolves around its change in ownership and the subsequent plans for modernization. This development is crucial for anyone considering moving to or investing in the area.

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A Record-Setting DFW Multifamily Transaction

In a transaction that highlighted the strength of the McKinney submarket, Parkside at Craig Ranch was acquired by funds sponsored by Harbert Management Corporation (HMC).

• New Owner: Funds sponsored by Harbert Management Corporation (HMC), an Alabama-based investment firm, utilizing their HUSREF VII strategy.
• Previous Owner: The property was purchased from Columbus Realty Partners.
• Scale: The complex spans 1,824 units, making it one of the largest single-asset multifamily acquisitions in the DFW area.
• Timing: The sale and financing were announced, underscoring the investor interest in the northern Dallas suburbs.

The Value-Add Renovation Blueprint

The new ownership group has outlined a clear "light" renovation strategy focused on enhancing the resident experience and modernizing older units. This is a significant factor for tenants, as it means property value and living quality are set to improve.

The renovation strategy is specifically focused on two key areas:

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1. Modernizing Phase I Interiors: The property was developed in five phases between 2013 and 2021. The renovation will primarily target the interiors of the older Phase I units to bring them up to the standard of the newer construction.
2. Upgrading Technology: There are plans to upgrade technology throughout the entire project, ensuring residents have access to the latest smart home features and high-speed connectivity.

This commitment to capital improvement is designed to maximize the property's potential and solidify its reputation as a premier luxury apartment complex in North Texas.

The Exclusive Parkside Lifestyle: Amenities and Floor Plans

Parkside at Craig Ranch is more than just a massive apartment community; it is a lifestyle destination. The complex is known for its "differentiated product," which includes a variety of housing options and high-end amenities that cater to diverse resident needs.

Diverse & Upscale Housing Options

Unlike many traditional apartment complexes, Parkside offers a range of configurations, giving it a residential, neighborhood feel.

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• Unit Types: The community features studio, one-bedroom, two-bedroom, and three-bedroom apartments.
• Specialty Units: Unique to the market, Parkside also offers townhomes, units with private yards, and apartments with attached garages, providing a home-like experience.
• Floor Plans: Popular layouts include the Canyon, Ember, and Cascade floor plans, with square footage ranging from a compact 324 sq. ft. to a spacious 1,610 sq. ft.

Premier Community Amenities

The luxury experience extends beyond the unit walls. The on-site amenities are designed for convenience, recreation, and community engagement.

• Recreational Hubs: The community boasts a great pool area and a unique "beer garden," creating a resort-style atmosphere for relaxation and socializing.
• Pet-Friendly Features: Parkside is a pet-friendly community, accommodating residents with furry companions.
• Convenience: Residents benefit from covered parking, USB outlets in units, and the convenience of being part of a master-planned development.

The Strategic Advantage of the Craig Ranch Master Plan

The value of living at Parkside is intrinsically linked to its location within the larger, award-winning Craig Ranch master-planned community. This 2,200-acre development is a cornerstone of the McKinney, TX, real estate market and a key driver for investor interest.

Proximity to North Texas Economic Drivers

Craig Ranch’s strategic location is a major draw for professionals and families. It is situated directly on the Sam Rayburn Tollway (State Hwy 121), providing excellent connectivity to the entire DFW Metroplex.

• Employment: The community is near the McKinney Corporate Center, providing a short commute for many residents.
• Access: Direct access to major highways facilitates travel to Plano, Frisco, and Dallas.

A Hub for Health, Wellness, and Golf

The master plan is renowned for its commitment to an active, healthy lifestyle, offering amenities far beyond those of a typical apartment complex.

• Golf: Craig Ranch is famously known as the home of the TPC at Craig Ranch, a premier golf course that hosts professional tournaments.
• Green Space: The community provides residents with exclusive access to over 400 acres of scenic green space, trails, and parks.
• Mixed-Use Environment: The master-planned design incorporates retail, dining, and other services, creating a vibrant, mixed-use environment where residents can live, work, and play.

The combination of a newly acquired, soon-to-be-renovated luxury apartment complex and the unparalleled amenities of the Craig Ranch community makes Parkside a compelling and future-proof choice for rental living in North Texas. The HMC acquisition confirms that this location is not just a great place to live but a significant investment in the rapidly expanding McKinney real estate sector.