Multifamily · Plano, TX
Multifamily Construction in Plano, TX
Plano is Pereff's home market, and multifamily development is the business Pereff was founded on — the company began as a real estate developer of single-family and multifamily housing before it became a healthcare builder. On an apartment community the first decision that moves the budget more than any other is structure: a wood-frame garden community on a suburban Plano land basis is a very different number than a podium or wrap product with structured parking near an employment center. Unit count, unit mix, and average unit size set the rest, and the amenity package — clubhouse, pool, fitness, leasing — is where a Plano deal either differentiates against the Legacy and Granite Park comps or prices itself out. Plan-review volume from sustained corporate-relocation growth is the real Plano variable, not portal friction. Pereff carries the project as developer and builder under one accountable team, which on a capital-intensive deal is the difference between a clean pro forma and a stack of change orders.
What multifamily construction costs in Plano
Directional, May 2026: garden and mid-rise multifamily in Plano commonly runs ~$270–$380/SF; workforce-grade product can land nearer ~$150–$250/SF, while a podium or wrap with structured parking sits at the top of the range and above. A ~100-unit community at roughly 1,000 SF average units lands in the order of $27M–$38M before land and financing — structure type and the amenity package drive most of that swing. Plano sits at the DFW average on labor and land, so the cost is set by your product type and unit mix, not a local premium. Site work, detention, and utility extension are budgeted separately on a raw site. These are directional planning ranges, subject to final preconstruction review. [DFW multifamily cost benchmarks, May 2026]
Biggest cost drivers
- Structure type — wood-frame garden vs. podium/mid-rise (large cost and schedule swing)
- Unit count, unit mix, and average unit size
- Amenity package (clubhouse, pool, fitness, structured parking)
- Site work, detention/drainage, and utility extension
- Financing structure — Pereff facilitates bank/HUD-insured relationships (Pereff is not a lender)
Directional cost band
$270/SF–$380/SF
Multifamily construction in Plano, TX
Directional, May 2026: garden and mid-rise multifamily runs ~$270–$380/SF (workforce product can run ~$150–$250/SF). A ~100-unit community lands roughly $27M–$38M before land and financing. Subject to final preconstruction review.
Directional, May 2026 — not a quote. Always a range, never a single number. Subject to final preconstruction review. Equipment, FF&E, and soft costs are additional.
Permitting a multifamily project in Plano
Plan for ~6–12 weeks of building-permit review for a ground-up Plano multifamily community from a complete submittal, plus meaningful front-end time for site plan and entitlement that usually precedes it. Plano's online portal is mature and well-organized, so the timeline driver is review-cycle volume rather than portal friction — and a community of any scale typically phases its permits (site/civil, then buildings, then amenity). A complete, code-compliant first submittal holds the front of the queue; resubmittals on a project this size are expensive in calendar time. Pereff manages the city process end-to-end, uses a pre-application meeting to surface concerns before formal submittal, and sequences the permit package to the construction phasing. [DFW permitting data, May 2026]
How Pereff compresses permit timeWhy Pereff for multifamily construction in Plano
Pereff is not a generalist GC chasing third-party apartment jobs — it is a real estate developer that builds the multifamily it develops, which on a Plano deal means one accountable team from land through certificate of occupancy. The firm has delivered over 1,000 apartment units, and Highland Crossing Luxury Apartments — 250-plus units on a roughly $15M deal financed through a HUD AAA credit-enhancement insured structure — is the proof it operates at institutional levels. Founder Stephen Pereff learned to structure 40-year, fixed-rate, non-recourse HUD financing directly from the mentor behind a major apartment brand. Pereff is not a lender; for projects where Pereff is the developer, it facilitates access to HUD-insured, GNMA-backed financing — directionally up to 98% LTV, 40-year amortization, single close — subject to HUD underwriting and the sponsor's financials.
Multifamily construction in Plano — frequently asked
Straight answers on cost, permitting, and how Pereff delivers a multifamily project in Plano.
How much does it cost to build an apartment complex in Plano, TX?
Directional, May 2026: garden and mid-rise multifamily in Plano commonly runs ~$270–$380/SF (workforce product nearer ~$150–$250/SF); a ~100-unit community at ~1,000 SF average units lands roughly $27M–$38M before land and financing. Structure type (garden vs. podium/wrap) and the amenity package drive most of the range. Site work is separate. Subject to final preconstruction review. [DFW multifamily cost benchmarks, May 2026]
How long does multifamily permitting take in Plano?
Plan for ~6–12 weeks of building-permit review from a complete submittal, plus front-end site-plan and entitlement time that usually precedes it. Plano's portal is mature; review-cycle volume is the main variable. A community of any scale phases its permits, and Pereff sequences the package to the construction phasing and holds the front of the queue with a complete first submittal. [DFW permitting data, May 2026]
Can Pereff finance a Plano multifamily project?
Pereff is not a lender. For projects where Pereff is acting as the real estate developer, it facilitates access to HUD-insured, GNMA-backed financing structures — directionally up to 98% LTV, 40-year fixed-rate, non-recourse, with construction and permanent financing in a single close. Final terms depend entirely on HUD underwriting, project viability, and the sponsor's financials. Budget a minimum one-year HUD review before closing.
What's the biggest cost driver on a Plano apartment build?
Structure type. A wood-frame garden community prices very differently than a podium or wrap product with structured parking — the swing is large on both cost and schedule. After that, unit count and mix, average unit size, the amenity package, and site work (detention, utilities, grading) set the rest. Pereff's design-build process value-engineers these decisions before the pro forma is locked.
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