Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Tuesday, January 29, 2013
Construction starts in Dallas’ Cityplace on apartment and retail tower
Construction has started on the next phase of Dallas’ popular Cityplace project.
Developer Forest City Enterprises is building the 21-story apartment and retail tower at McKinney Avenue and Blackburn Street.
The new mixed-use project is across the street from the West Village on the site of the old Hank Haney Golf Center.
The development will contain 381 apartments and 37,000 square feet of retail space on the ground floor.
Forest City – already a major Dallas apartment developer – will own the rental units and Cityplace Co. will have the retail.
“The project we are commencing with Forest City is extremely important to the West Village district,” Cityplace president Neal Sleeper said in a statement. “The addition of 37,000 square feet of retail brings our total retail in the district to over 260,000 square feet.”
Construction on the building is set for finish in late 2014.
Civitas Capital Group and the City of Dallas are providing financing for the development.
Good Fulton & Farrell and Zeigler Cooper Architect designed the building.
Rogers O’Brien Construction Co. is the general contractor.
Forest City redeveloped downtown Dallas’ Mercantile National Bank Tower into apartments.
And the developer built the 15-story Element apartment tower on Main Street.
Forest City is currently converting the former Mercantile Continental office building on Commerce Street into 203 apartments.
The Cityplace project is the firm’s first development in Uptown.
“We are seeing greater demand for innovative, mixed-use development in Uptown,” Forest City-Texas president Brian Ratner said.