Proceeding under the limited liability company name of DRI/Maple AF3 Apartments LLC, TCR was granted the zoning in September as a conceptual planned development district. The plan is for a 340-unit complex.
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The ground floor site plan for Alexan Maple, as it is named on the Proposed Development Plan by JHP Architecture, describes a six-story structure with a parking garage at ground level and two levels of underground parking for a total of 498 spaces. The total building height is 75 feet.
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According to state records, the project is scheduled for completion in the fourth quarter of 2018.
Toll Brothers is planning to build on a roughly 4-acre site west of downtown at the northeast corner of West Commerce and Pittman Street.
The property is now occupied by an large commercial building.
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Toll Brothers' spokesman John Piedrahita confirms his firm is working on the deal. "At this time, it is slated to be approximately 280 units," he said in an email.
The popular chain is opening a location in Preston Hollow next to Ken Man’s Shop on Royal Lane, according to a real estate source. Construction is slated to begin this year.
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We reached out to the company, which said it didn’t have any “current plans” to open in the area. But our source says agreements still are being finalized.
Pennsylvania-based McKnight Realty Partners has secured $58.6M in refinancing for Park Central 3 and 4 in the Park Central submarket of Dallas. Millions of the total funding will go toward lobby renovations, exterior upgrades and revamping amenities, McKnight director of development and acquisitions Izzy Rudolph said. A refreshed main lobby will give Park Central 3 a sense of entrance with modern finishes.
The interior conference center will also get an upgrade.
The exterior will get a cleaning, a fresh coat of paint and a new lighting system. McKnight will also better connect the exterior to the White Rock Lake Trail. A high-end food and beverage service will be coming to Park Central 3, but Rudolph was tight-lipped on the specifics. He promised something cool and hip. “Think of a co-working-style, chef-driven concept.”
Larkspur Development LP has broken ground on a townhouse project in the popular Bishop Arts neighborhood.
The first homes for sale at 630 Elsbeth St. near Davis Street will be ready late this year. The 16-unit Row on Elsbeth project will have three-story brick townhouses with rooftop decks.
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The townhouses will be in the same area where apartment developer Alamo Manhattan is building its Bishop Arts Gateway rental community along Zang Boulevard.
The Seattle-based online retailer has signed a lease for five floors, or roughly 100,000 square feet, which will basically double Amazon.com's regional office within the Galleria Towers property, multiple real estate sources told the Dallas Business Journal.
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The expansion of the regional operations center was likely needed to help support the online retailer's growing presence in North Texas, said Susan Arledge, president of site selection for Dallas-based E Smith Realty Partners.
Financial giant Goldman Sachs has finalized a lease deal to take seven floors within one of downtown Dallas' tallest skyscrapers, which will lead to a major regional consolidation, sources say.
The New York-based firm is expected to move most of its North Texas back-office operations and more than 1,000 employees from its longtime Irving office, as well as its wealth management executives from The Crescent, into the 50-story tower at 2001 Ross Ave. in the Dallas Arts District.
Multiple real estate sources say Goldman Sachs has signed a lease for about 175,000 square feet of office space, with plans to move most of its Irving office into the downtown Dallas skyscraper by early 2018.
Sixty Vines, a Plano eatery, will open at the Crescent this fall.
And East Hampton Sandwich Co. will debut in early summer.
Bivins Gallery - owned by veteran gallery owners Karen and Michael Bivins - opened in February.
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"Since the recent $33 million renovation at The Crescent, uses of the exterior spaces have increased tremendously," John Zogg, managing director of Crescent Real Estate Equities, said in a statement.
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