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Dallas Luxury Apartments by Mk

High Rises | Luxury Apartment Broker | 844-644-8987

Cypress at Trinity Groves Opens

DALLAS – Dallas-based Columbus Realty Partners and West Dallas Investments have opened a new luxury apartment community.

The community, called the Cypress at Trinity Groves, brings more than 350 luxury apartments adjacent to Romano’s Trinity Groves restaurant incubator in West Dallas. 
Along with luxury homes, the community will also bring nearly 35,000 sf of restaurant and retail space. About 30 percent of the apartment homes have been leased to residents attracted to the location and amenities, which include a pet park, spa, a pool with cabanas and a fitness center. The community also has a seven-story parking garage. So far, Cypress has signed the following retail leases:
  • Steam Theory Brewing Co., an upscale restaurant and brewery with up to 70 different craft beers, has leased about 8,000 sf within the building.
  • Texas Capital Bank has leased 3,800 sf within the building.
  • Bingbox Snow Cream Co., a Korean-style shave ice with a variety of infusions, has leased 1,330 sf of space. This is the first Bingbox outside of New York City in the United States.
  • Morgan Cafe, a Chicago-based restaurant, has leased 2,655 sf within the building.
  • K’s Kitchen, a traditional Korean BBQ Grill, has leased 5,815 sf for its restaurant.

 

Read more at the Dallas Business Journal

Want more data? See DFW Multifamily Market Research. 

Posted in: Dallas, Multifamily, New Apartments

Urban Core Apartments Seeing Slight Occupancy and Rent Pressure

Urban Core Apartments Dallas

See Full Story – News Talk Texas   Source: JLL

  • Occupancy and rents in these newer units have experience some pressure as the newest properties have delivered.
  • New properties have absorbed 2,700 units. This is an average lease-up pace of 16 – 17 units per month per project.
  • Rents for new deliveries now average $2,200 per month.

Posted in: Dallas, Multifamily

40 Story Skyscraper Coming To Dallas

40 Story Skyscraper coming to Dallas.  Developers have purchased property to build downtown Dallas’ first true skyscraper in seven years.

Chicago-based Amli Residential bought the vacant block on Field Street just north of Ross Avenue.

The developer plans to build an apartment tower over 40 stories tall on the parking lot next to the landmark Fountain Place office tower. Amli’s planned high-rise will have 367 rental units, according to deed records.

The nationwide apartment developer bought the building site from Fountain Place owner Goddard Investments. Goddard is building a parking garage and retail building on the east side of Fountain Place.

Dallas architect Page Southerland Page Inc. has designed the planned residential skyscraper for Amli. Early concepts show that a slender, prismatic tower will complement Fountain Place.

Amli’s Taylor Bowen said construction on the high-rise will start this summer.

The Field Street tower would be the tallest downtown building started since construction began in 2010 on the 42-story Museum Tower condominium building in the Arts District.

The project would be one of about a dozen high-rise residential buildings under construction in the Dallas area. It would be a block south of Woodall Rodgers Freeway.
Amli Residential is one of the country’s largest and most experienced apartment builders, investors and operators.

The company owns the 24-story 1400 Hi-Line apartment tower in Dallas’ Design District, along with about a dozen other apartment communities in North Texas.

Full Story Here at DallasNews.com  Author Steve Brown

Posted in: Luxury Apartments