Tuesday, July 30, 2013
New High-Rise Residential Project Planned Near Katy Trail
One of the last vacant development sites on Dallas’ popular Katy Trail will be the location of a new high-rise residential building.
Developer JLB Partners is teaming up with Sammons Enterprises to build the 18-story, 299-unit apartment tower at Cedar Springs Road and Carlisle Street.
The prominent Uptown property was previously planned for a St. Regis Hotel tower.
JLB acquired the 2.3-acre tract after it went through foreclosure during the recession.
“This isn’t the kind of dirt that an apartment builder gets to play on very often,” said JLB chief executive Bay Miltenberger. “This is the best location we have built on in Dallas for sure — maybe nationwide.
“The site warrants a very nice building.”
GDA Architects designed the brick and glass rental home community, with a seven-story building taking up most of the vacant corner. “And we will have 86 units in the tower above that,” Miltenberger said.
The tower will have a private penthouse lounge.
And the mid-rise portion of the project includes a roof deck pool with views of downtown Dallas.
The building will have a courtyard with direct access to the Katy Trail.
“The Katy Trail aspect of our project is very significant,” Miltenberger said. “It’s become sort of an epicenter of the whole Uptown area.”
Miltenberger said that the first apartment units in the Cedar Springs Road project should be ready in 18 to 22 months.
See more at: http://www.dallasnews.com/business/commercial-real-estate/headlines/20130723-high-rise-residential-project-planned-for-dallas-katy-trail.ece?action=reregister
Author: Steve Brown