Wednesday, May 27, 2015
Trammell Crow Residential to build East Dallas apartment community
Trammell Crow Residential is joining the migration of apartment builders that are staking out development sites in East Dallas. TCR is planned to redevelop three blocks at Fitzhugh Avenue and Monarch Street into an urban rental community.
TCR’s project will replace old apartments and some homes on an entire block, just south of Henderson Avenue. New apartments will also be built on part of two adjoining blocks. The development will have 371 units, according to company exec Steve Bancroft.The planned project is in the same area where JLB Partners and UDR built large apartment communities.
“We are naming it Alexan Henderson,” Bancroft said.
TCR has new apartment communities on Ross Avenue near downtown, in Oak Lawn and North Oak Cliff. The developer has projects under construction in Uptown and Las Colinas.
The TCR project is one of two new apartment developments in the works along Fitzhugh in East Dallas. JLB Partners is building more than 300 units at Fitzhugh and Homer Street. And a new CVS Pharmacy will replace old retail at Fitzhugh and Capitol near the new apartments.