Park Street Development

Texas Multifamily Development

Investment Summary

ETX Park Fund is seeking to develop a 90-unit commercial residential complex in Nacogdoches, Texas.


9.4 acres out of the western portion of Lot 27, Block 54 of the City of Nacogdoches (Park Street, City of Nacogdoches, TX 75961); located with convenient access to downtown Nacogdoches, North University Drive, Stephen F. Austin State University, and situated inside the loop (TX-224); central to significant commercial development.


A luxurious multifamily residential development with high-end fixtures and finishes and exclusive amenities; 90 units / 83,412 sf.

Exterior Rendering


ETX Park Fund will break ground on pre-construction infrastructure approximately 3 months after completion of fundraising efforts, with construction of approximately 90 multifamily residential units to begin as soon as sufficient infrastructure is in place. Project will be completed and fully leased 18–24 months after close of fundraising.

In addition to the planned initial phase of 90 units, ETX Park Fund intends to build another 90 units in a second phase of construction.

The next phase of construction is anticipated to commence after the initial units have been fully leased. This second phase of units is anticipated to be built at the Park Street property directly adjacent to the initial phase of 90 units. The company plans to raise additional funds via another offering of the company’s membership interests for this second phase.

Site Plan

Orbit Video of Optioned Land

The Project

Complex and Unit Amenities:

  • Nestled in the piney woods of East Texas, conveniently located near both Stephen F. Austin State University and historic downtown Nacogdoches
  • Based on Humphreys & Partners Architects award-winning signature Stak House™ design
  • Modern luxury with a “big house” look and feel
  • Convenient parking, leasing office, splash pad, outdoor BBQ and gathering areas, pet-friendly amenities including an on-site dog park, high-speed internet access, fitness center, secure access and security, group meeting and co-working spaces
  • Spacious, open-concept with clean lines
  • Large windows, hardwood and tile floors
  • Modern kitchen with high-end appliances and granite countertops
  • Walk-in closets and in-unit washer and dryer
  • High-speed internet and smart home integration
  • High-quality spa-inspired bathroom features, including a large tub, spacious vanity, and concealed storage
  • Energy-efficient and eco-friendly features throughout

Interior Rendering

Why Invest

Centrally Located:

Nacogdoches is located in East Texas and has a 2020 Census population of 32,147. The Nacogdoches Economic Market, comprised of the City of Nacogdoches, Nacogdoches County, and several small surrounding counties, has a population of approximately 315,000. Nacogdoches is centrally located within the 41-county East Texas region, equidistant between Dallas and Houston, and one hour south of Tyler.

Local Support:

The City of Nacogdoches has expressed an interest in promoting “in-fill” developments (rather than continued development outside the loop and/or outside the city). ETX Park Fund believes this project will be supported by the city. The Park Street property is in an Opportunity Zone created by the Tax Cuts and Jobs Act of 2017.

Interstate Expansion:

Additional sections of I-69 are currently under construction and will pass directly through Nacogdoches, TX. ETX Park Fund believes completion of these segments will drive growth and increase land values.

Stephen F. Austin State University Campus:

The proposed building site offers convenient access to downtown Nacogdoches and to the Stephen F. Austin State University (SFASU) campus.

SFASU is a public university located in Nacogdoches, Texas. It was founded in April 1923 and offers approximately 80 undergraduate majors and 120 areas of study within six academic colleges, including business, education, fine arts, forestry and agriculture, sciences, and liberal arts.

On May 11, 2023, SFASU joined the University of Texas System. It is anticipated that this move will bring new investment to the university and increase demand for housing in the broader community.

Use of Proceeds



Asset Development






Pre-construction Infrastructure



Land Acquisition






Broker Dealer Commission


Brent Beal

Chief Executive Officer

Brock Beal

Chief Financial Officer