240 Unit Condo Development on the Way in Dallas
DALLAS (dallasnews.com) – Crow
Holdings and condominium developer Wood Partners of Atlanta will build a retail
and loft-style residential complex in the Design District at Oak Lawn Ave. and
Hi-Line Dr. The complex will house 240 lofts with up to 40,000 square feet of
ground floor retail, showroom and gallery space. Crow will upgrade utilities,
landscaping and lighting to make the area more pedestrian friendly.
The City of
Dallas’ Design
District Tax Increment Financing District will provide $4.4 million in funding. The Design District is adjacent to the planned Trinity River park and near the booming Victory project.
Construction is scheduled to begin in early 2007.
Dallas has been a hot topic among Austin developers who are interested in moving outside of the city. Dallas and Austin share similarities in the fact that we’re appreciation markets and our downtowns are becoming more residential. Although Dallas is a larger city, redevelopment is abound.
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