Tuesday, June 16, 2015

High-rise apartments planned on east edge of Highland Park

Dallas apartment builder StreetLights Residential is starting its next project – this one on the edge of Highland Park.  
The developer has begun work on a new urban style rental community on McKinney Avenue just north of Monticello.
StreetLights has bought up most of the block between McKinney and Tracy Street. The development site is adjacent to the Katy Trail and just east of Highland Park.  
Demolition has started on a variety of low-rise buildings on the property.
Property owners in the area say the plan is for a 23-story tower.
StreetLights partner Doug Chesnut said a formal announcement of the project will be made in the next few weeks.
StreetLights is one of Dallas’ most experienced high-rise apartment developers.
The company is currently building a 23-story apartment tower next door to the Federal Reserve Bank of Dallas in Uptown.
And the developer has announced plans for a 20-story residential building in the Union tower complex planned on Field Street near Victory Park.
The Dallas neighborhood between Highland Park and North Central Expressway near Knox Street is seeing an apartment building boom with several large projects in the works, including the new StreetLights development on McKinney.   
Steve Brown/ Dallas Morning News