Thursday, November 14, 2013

Developer is negotiating to buy Uptown tract for new apartment tower

The empty corner at Thomas Avenue and Maple is just under an acre. (Google Satellite)
The corner of Thomas and Maple Avenue in Dallas may look just like a vacant lot to most folks.
But developers see the almost 1-acre property in Uptown as a prime construction opportunity.
The land is tucked behind the Uptown Plaza shopping center and across the street from the Federal Reserve Bank of Dallas.
Back in the day before the economy went south the folks across the street at the Hotel Zaza looked at building a condominium tower.
More recently, several developers – including Houston-based Hines – have considered the tract for an office highrise.
For the rest of the article:
By Steve Brown