Monday, April 13, 2015

Another apartment tower in the works at Victory Park

Four new apartment towers are proposed for Victory Park on the edge of downtown Dallas. (Rex C. Curry/The Dallas Morning News)
Four new apartment towers are proposed for Victory Park on the edge of downtown Dallas. (Rex C. Curry/The Dallas Morning News)
A vacant block in Dallas’ Victory Park development is being eyed for a new apartment tower.
It’s one of four high-rise residential buildings on the drawing board for the 75-acre project on the northwest edge of downtown.
South Carolina-based apartment firm Greystar is designing a more than 20-story building for the property at Houston and Payne streets.
The apartment tower site is just east of the American Airlines Center sports arena and next door to the Cirque residential tower.
Greystar is one of the county’s largest apartment builders and operators. It is currently developing the 424-unit Elan City Lights rental community on Live Oak Street just east of downtown.
Greystar has made filings with the Federal Aviation Administration saying it wants to build a 368-foot tall “residential high rise building with structured parking.”
Other high-rise apartment buildings are being planned for Victory Park by companies including Atlanta-based developer Novare Group and Florida-based Lennar Multifamily Communities.
More than a dozen high-rise apartment projects are either under construction or proposed for the Dallas area.
Steve Brown, The Dallas Morning News