Wednesday, May 06, 2015

Development plans in the works for high-profile Greenville Avenue property

Vickery Towers was built as luxury apartments in 1964. (Steve Brown)
Vickery Towers was built as luxury apartments in 1964. (Steve Brown)
Owners of a high-profile East Dallas property are pondering a redevelopment – if filings with the City of Dallas are any indication.
Built in 1964 as a luxury apartment community, Victory Towers has almost 400 rental units in four 5-story buildings. The property was formerly occupied by a huge Victorian mansion that was the original site of the Hockaday School.The Victory Towers complex at Greenville and Belmont avenues has been empty since last summer when the senior living community housed in the complex was shut down.
The owner of the Lower Greenville property – which since last year has been cordoned off behind barricades of barbed wire and plastic fencing – is a Seattle-based investment company.
Columbia Pacific Advisors has asked the City of Dallas permission to replat the 8.3-acre property, which is often a prelude to redevelopment.
The company did not respond to requests for information about its plans for Vickery Towers. Columbia Pacific has invested in a couple of high-density urban style apartment communities in Seattle.
Steve Brown - Dallas Morning News