Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Wednesday, October 12, 2016
40-Story High-Rise on the Way in Dallas' Arts District
Developers have filed permits to build a 40-story residential tower in downtown Dallas' Arts District.
The high-rise will be one of the tallest buildings started downtown in almost two decades.
The planned apartment tower at Flora and Olive streets is right next door to the Museum Tower and a block south of Klyde Warren Park.
The high-rise has been in the works for more than a year.
Developer ZOM Holdings just applied for building permits to construct the 416-unit apartment tower, which also is to include retail and restaurant space.
The building permit is valued at $132 million.
Dallas architect Graham Greene, one of the partners in the project, confirmed that the Arts District Tower is close to a start.
"We're moving forward," Greene said. "The construction will take 18 to 24 months."
Along with the tower, the project will include 52 artist's lofts in a low-rise building fronting on Flora Street.
The apartment development will be constructed on a 1-acre site between the Nasher Sculpture Center and the Meyerson Symphony Center, which is now used for parking.
The apartment tower was designed by Boston-based architect Add Inc.
Balfour Beatty Construction is the general contractor.
The arts district tower will be the tallest of about a dozen new high-rise apartment buildings in development in central Dallas.