Friday, September 19, 2014

Major mixed-use project in the works for Singleton Boulevard west of downtown

The first phase of Trinity Village is planned for about 300 apartments. (StreetLights Residential)
An old industrial property west of downtown Dallas is set to become the next urban housing location.
Developer StreetLights Residential and Stonelake Capital Partners are planning hundreds of apartments, retail and homes on a 25-acre tract on Singleton Boulevard just west of Sylvan Avenue.
The project is one of the largest planned in West Dallas – an area seeing increasing redevelopment.
StreetLights Residential and its partner intend to turn the former Austin Industries complex at 1000 Singleton into Trinity Village. The first phase will include about 300 apartments in 4-story buildings.
A park and for-sale homes are also planned in the project, which is located between Singleton and Duluth Street.
“We are excited to invest in this dynamic neighborhood,” said Streetlights CEO Doug Chesnut.
Chesnut said that his firm hopes to deliver the first apartments in mid 2016.
Trinity Village is located just west of the popular Trinity Groves restaurant complex and the Margaret Hunt Hill Bridge.
StreetLights Residential is a Dallas-based apartment builder, which has projects in Uptown, Frisco and Austin.
Its partner in the West Dallas development – Stonelake Capital – is a private real estate investment firm with offices in Dallas, Austin and Houston.
“We are excited to invest in the West Dallas neighborhood,” Kenneth Aboussie, managing partner of Stonelake said in a statement. “Trinity Village will be an urban residential district with a mixture of apartment homes and single-family homes where residents will have the ability to walk to retail and entertainment venues and easily access major employment centers.”
Trinity Village is the latest in a string of high-profile mixed-use developments in the works in West Dallas.
Other developers including Columbus Realty Partners, Henry S. Miller Co., Wood Partners and Trammell Crow Residential are working on apartment projects in the neighborhood