Tuesday, August 13, 2013

Luxury Residential High Rise in Coming to 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.

Read More At: http://www.dallasnews.com/business/commercial-real-estate/20130723-high-rise-residential-project-planned-for-dallas-katy-trail.ece

By STEVE BROWN
Real Estate Editor
Published: 23 July 2013 08:54 PM
Updated: 24 July 2013 08:03 AM