WACO, TX (April 29, 2025) – Parkspring Multifamily is set to break ground on Commons at Cottonwood Creek, a 372-unit garden-style community in Waco. Located at 2221 Creekview Drive within the Cottonwood Creek master-planned development, the project underscores Parkspring’s mission to create thoughtfully designed communities that prioritize the resident experience.
The purchase of the 16.52-acre site claims one of the last remaining parcels within the Cottonwood Creek master-planned community – and marks Parkspring’s debut in the Waco market.
As part of the Cottonwood Creek master-planned development, Commons at Cottonwood Creek will further elevate Waco’s real estate landscape. The area is already home to notable retailers such as Topgolf, Cinemark, and Main Event, contributing to an increasingly vibrant commercial district. With Waco’s expanding infrastructure, steady job growth, and increasing demand for housing, the development is poised to be an excellent investment in a growing market. The combination of proximity to key employment centers and desirable amenities positions this project as a cornerstone in Waco’s ongoing transformation.
“Waco is seeing real momentum, and we’re excited to contribute to that growth with a community centered around working families and young professionals,” said Geoff Simpson, co-founder of Parkspring, a Texas-based real estate developer known for its community-driven approach. “This site’s walkability, access to jobs, and proximity to local attractions made it a perfect fit for the Parkspring vision.”
Commons at Cottonwood Creek will offer a mix of one- and two-bedroom apartment homes ranging from 754 to 1,028 square feet. Each residence will feature stainless steel appliances, quartz countertops, wood-vinyl plank flooring, full-size washers and dryers, smart-home technology, and private yards in select units – all designed with comfort, convenience, and long-term value in mind.
Designed to foster connection and enhance everyday living, community amenities will include a resident clubhouse with kitchen, coffee bar, pool table, golf simulator, and televisions; a business center with private conference rooms and co-working spaces; a resort-style pool with tanning ledges; a fully equipped athletic club; outdoor kitchen areas; and an on-site dog park. Additional conveniences such as electric vehicle charging stations, 24-hour package lockers, controlled-access parking, and private garages will further support modern resident needs.
Positioned along the I-35 corridor, which connects the thriving cities of Dallas and Austin, Waco continues to benefit from a strategic location that fosters economic growth and regional connectivity. This burgeoning city has seen a 2.1% annual population growth since 2010 and a significant 18.4% job growth since 2014, underscoring its strong economic foundation. With major employers such as Baylor University, Baylor Scott & White Medical Center, and Amazon providing a steady influx of residents, Waco is quickly becoming a sought-after location for both residents and businesses alike.
Austin-based OHT Partners has been selected as the general contractor for the project. OHT Partners brings 15 years of multifamily construction experience to the table.
“At Parkspring, one of our guiding principles is to create housing that delivers lasting value to residents and the broader community,” said Matt Stewart, co-founder of Parkspring. “Commons at Cottonwood Creek is a clear example of that approach, and we’re thrilled to bring this vision to life in Waco – especially in partnership with OHT Partners. This marks our second project together and we deeply value the strength of our growing relationship.”
Construction is expected to begin in May 2025, with the first units slated for delivery in the fourth quarter of 2026. Full project completion is anticipated by the second quarter of 2027.
“We’re excited to work with Parkspring on this important project,” said Matt Bratton, DFW partner at OHT Partners. “With our experience and commitment to quality, we look forward to bringing Commons at Cottonwood Creek to life for the Waco community.”
In addition to OHT, additional team members include:
- Architect: EDI International
- Civil engineer: Pape-Dawson Engineers
- Structural engineer: PVE LLC
- Mechanical, electrical and plumbing engineer: Jordan & Skala Engineers
- Interior design: Ellie Aiello Interiors
- Landscape architect: EDI International
Media Contacts:
Matthew Stewart – on behalf of Parkspring Multifamily
Mary Alice Kaspar – on behalf of OHT Partners
Marian Rigby – on behalf of OHT Partners
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