A private real estate company that describes itself as a helper in creating timeless properties is planning an apartment community in the live music capital of north Texas.

Stillwater Capital Investments, LLC, which is focused on residential development, plans an apartment community on Taylor St. at Malcolm X Blvd., which is in the Deep Ellum neighborhood, NewsTalk Texas said. Deep Ellum, one of Dallas’ first commercial districts for African-Americans and European immigrants, is considered the live music capital of north Texas and a performing arts hub, Deep Ellum’s website said.

The new over $60 million rental community, which will start construction in early 2022 and open in 2024, will be Stillwater Capital’s second apartment community in Deep Ellum, The Dallas Morning News said.

“Stillwater Capital built the Crosby Apartments on Hall Street in 2018, several blocks south of the Baylor Scott and White Medical Center,” the DFW Real Estate Investors posted on Facebook. “The five-story, 336-unit project was sold last year to an international investor.”

Established in 1873, Deep Ellum is a residential and commercial neighborhood, its history said.

“Originally called Deep Elm, as much of the activity centered around Elm Street just east of downtown Dallas, the pronunciation ‘Deep Ellum’ by early residents gave rise to the district’s current name,” the history said.