Wednesday, July 23, 2014
Construction starts this morning on Uptown apartment tower
Developers broke ground this morning on a 20-story Uptown apartment tower.
The One Dallas building is being constructed at the corner of McKinney Avenue and Routh Street. It’s on the former site of the Hard Rock Café.
Dallas investor and developer Paul Cheng and Stoneleigh Cos. of Illinois are building the project, which will have 198 luxury apartments and 18,000 square feet of retail.
There’s also going to be a rooftop pool and restaurants on the groundfloor.
“Uptown has limited vacant developable land, so when we bought the land in 2013, we conceived One Dallas, a contemporary multi-family residential and retail tower with a unique design, premium retail and public space in the heart of Uptown Dallas,” Rick Cavenaugh, President of Stoneleigh, said in a statement.
Phil Shepard and Humphreys & Partners designed the building. And Hunt Construction Group is the general contractor.
Bank of America provided construction financing and iStar Financial Group Inc. is the institutional equity partner.
Steve Brown- Dallas News