Thursday, October 02, 2008

Apartment, Retail Complex Planned in Dallas’ Southwestern Medical District

A Flower Mound-based developer plans to build an apartment and retail complex in Dallas’ Southwestern Medical District.

Mockingbird Properties’ project will be at the northeast corner of Butler and Redfield streets, just a block from the UT Southwestern Medical Center on Harry Hines Boulevard.

Called the Butler, the complex will have 460 apartments. And the rental community will have space set aside for retail tenants, including a small grocer.

Developer Mitchell Vexler said in an announcement that the project “will provide convenient housing with the most desirable amenities for employees working in the Medical District.”

Mockingbird Properties estimates that about 13,000 people work in the area at medical facilities including Parkland Hospital, Children’s Medical Center and UT Southwestern Medical Center.

And Parkland is seeking public funding to build a vast new hospital in the area.

At the same time, construction of DART’s new light rail line through the neighborhood will connect the area with downtown and other locations by next year.

Developers are lining up to provide new housing in the area.

Trammell Crow Residential is building a 400-unit rental complex on Medical District Drive between Harry Hines and Maple Avenue.

Southlake-based developer and investor Realty Capital Corp. is building an apartment community that includes redevelopment of an old commercial building on Maple just north of Inwood.

The 260-unit Cityville apartment and retail complex opened last year on Medical District Drive across from the new DART station.