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Tuesday, July 24, 2012
Trammell Crow Unveils Plans for Goat Hill
Dallas’ storied Goat Hill, best known for its big waterfall beer sign and long-gone Baby Doe’s restaurant, may soon be developed for apartments: Trammell Crow Residential is seeking city approval to build 385 apartments and a restaurant on the vacant property that runs along the Katy Trail.
The almost five-acre site between Houston Street and Harry Hines Boulevard has one of the best views in central Dallas, overlooking Reverchon Park and the design and market center districts. Crow Holdings has owned the property since 2008. The Dallas firm is the equity investor in Trammell Crow Residential, one of the country’s most experienced apartment developers.
Crow Residential already has two apartment projects in the works in the Maple Avenue corridor and recently broke ground for a rental community in Las Colinas.This project is just the latest in a string of developments that have looked at Goat Hill, a rocky outcropping just north of downtown that’s bracketed by roadways.
The property was carved up for railway lines in the early 20th century. And in 1962, Pearl Beer constructed its landmark waterfall sign just below the hilltop, overlooking Stemmons Freeway. The sign was rebuilt just a few years ago. The Baby Doe’s Matchless Mine restaurant was built above the sign in the 1970s. But the restaurant became vacant and was knocked down more than five years ago.
With the popularity of the Katy Trail and development of nearby Victory Park, Goat Hill’s appeal with potential builders has increased. Crow Residential is calling the project “Skyline Apartments” in its filing with the city plan commission.