The Texas Rangers are currently mired below .500 this season, but the luxury property bearing the team’s name is close to batting a thousand.
Triangulated between Globe Life and AT&T Stadium (home to the Dallas Cowboys), One Rangers Way is strategically placed within Arlington’s Entertainment District, offering residents a “clubhouse-level” living experience.
Since opening its doors this spring, the $100 million project already has over 80% of its units already leased.
One Rangers Way’s central location is only one of the qualities that make it a “rare” residential development, according to Nicholle Soendker, director of residential marketing for The Cordish Companies, the complex’s developer.
“Our goal was to go far beyond proximity and create something immersive,” Soendker told The Dallas Morning News in a recent interview.
The eight-floor, 300-unit building is the result of a direct partnership between Cordish and the Rangers. When the team itself “owns 50% of the building,” Soendker said residents gain access to exclusive perks “you simply can’t get anywhere else.”
This means private resident events with Rangers coaches and players, floor plans named after team legends, and more than 50 custom art pieces and memorabilia.
“While many developers are capitalizing on the trend of building near stadiums, One Rangers Way is fundamentally different because we’re not just building next to the action — we’re part of it,” Soendker said.
Soendker said, “It’s as close as you can get to living in the clubhouse.”
As close as you can get to the clubhouse
One Rangers Way is the first major residential complex constructed as part of the district’s $4 billion plan to blend life, work and play into one world-class sports and entertainment district.
“For fans, it’s a chance to be part of the team’s legacy, whether as a full-time resident or a second home when visiting for games and events,” Soendker said.
Construction began in October 2022, and units have been filling up since the official opening in March. With lease agreements being signed at a rapid pace, nearly half of the 18 penthouses already have commitments.
The first phase of units, located on floors one through four, are 97% leased. The building is at approximately 40% capacity, with residents expected to move in through the end of July.
Pools, co-working and Zen
One Rangers Way has 52 different floor plans for its residents, depending on their lifestyle needs. These include 350-square-foot studios, a mix of single-bedroom units and 1,400-square-foot penthouses.
Soendker said studios, one-bedroom units with dens, and penthouses are “among the fastest-leasing floor plans.”
The controlled access building with 24/7 front desk assistance offers resort-style amenities like an interior courtyard with a Zen garden; an outdoor pool and swim-up bar; an indoor bar and entertainment kitchen; fitness facilities; coworking spaces; and a paw spa.
But like a growing number of luxury apartments, the complex does not allow Airbnb or any short-term rental arrangements.
So, who’s living there?
The variety of layouts supports a wide range of residents and lifestyles as Soendker said, “we’ve seen broader appeal than expected.”
Soendker said residents appear much more “diverse” than the “mid-20’s, avid sports fan” the developers first envisioned.
“While we initially anticipated demand from sports fans and young professionals, we’ve welcomed families, business travelers, retirees and part-time residents using One Rangers Way as a second home,” Soendker said.
“We expected strong demand from the local market and surrounding cities, but the number of residents coming from outside the D-FW area has exceeded expectations,” she told The News.
Moreover, Soendker said she believes that the majority of renters “are using it as their full-time residence.”
Residents span a wide ransge of incomes and ages.
“Naturally, those with enough disposable income to support a second residence will likely fall in an older age range,” Soendker said.
Cordish is one of the country’s largest mixed-use district developers. In partnership with professional sports teams and venues, they “transform stadium areas into year-round destinations to play, live, and work,” according to the company website.
In addition to the Texas Rangers, Cordish hosts partnerships with the St. Louis Cardinals, the Atlanta Braves, the Philadelphia Flyers, NBC Sports, Fox Sports and Xfinity.