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Harborside Apartments - HGC's waterfront multifamily developmemt project at Sapphire Bay, Texas

January 30,2025

HGC's class-A multifamily community Harborside is a 316-unit, five-story community located in Sapphire Bay waterfront development in Dallas, Texas. Sapphire Bay development will be Texas first resort destination anchored by a state-of-art man-made lagoon, offering luxurious stay along it's shore at a Resort operated by Hyatt. Sapphire Bay also features a surf village and waterpark, 1500+ residential units and 1.7 million sqft of restaurant, retail, entertainment, office and hospitality space.


Texas's absence of state income tax, central location within the US, and comparatively lower housing costs support local company growth and have helped attract corporate relocations.


Dallas-Fort Worth has been a leading destination for multifamily developments in recent times. With the peak in new deliveries gone by and demand remaining high, the rental market in Dallas-Fort Worth is set to recover. The improving balance between new supply and net absoprtion will drive vacancy rate drop in the future.

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