Dallas’ high-rise apartment boom is spreading to Irving.
Almost a dozen high-rise residential buildings are currently being built in Dallas.
Now developers have tied up a site in Las Colinas with plans to build an apartment tower.
Legacy Partners – one of the country’s top apartment developers – has contracted to purchase a 5-acre site on Las Colinas Boulevard east of State Highway 114.
The vacant tract is on the south shore of Lake Carolyn.
“The site has lot of lake frontage,” said Legacy Partners’ Spencer Stuart. “It will be 17 or 18 stories with a great view across the lake and views of downtown Dallas.”
Stuart said the tower will be surrounded by 4-story apartments in the same development.
The only high-rise residential building in Las Colinas is the 17-story Grand Treviso condominium tower which was constructed in 2002 as apartments.
“There hasn’t been any product like this in Las Colinas for a long time,” Stuart said.
Las Colinas is currently one of North Texas’ busiest apartment building markets, with more than 1,800 rental units under construction. Most of them are in four and 5-story buildings.
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