A North Dallas mixed-use development could be growing again with another tower.
The Park Lane development on North Central Expressway includes shopping, apartments and three office buildings. The 35-acre complex, which opened in 2009, is just across the highway from NorthPark Center mall. Since 2010, it has been owned by New York-based Northwood Investors.
Dallas apartment builder StreetLights Residential is working on plans to construct a 20-story residential tower addition to the project starting next summer. The more than 616,700-square-foot high-rise would be built north of the Shops at Park Lane, according to planning documents filed with the state.
The $134 million rental community wouldn’t open until 2027.
The Park Lane development already includes hundreds of apartments. The three-story Galleries at Park Lane apartments with 165 units were built in 2016 on the northeast corner of the project. Park Lane also has 325 apartments in two original buildings.
The Shops at Park Lane includes 590,000 square feet of retail space and there are 344,000 square feet of offices.
The development was started in 2006 with a 20-story apartment tower and a 15-story tower with more rental units next door.
StreetLights Residential is Dallas’ most successful high-rise apartment builder. The company already has two projects underway along North Central Expressway.
Just north of downtown near Cityplace, StreetLights is building a more than 350-unit apartment tower as part of the $2.5 billion Central development. Called The Oliver, the 19-story building is being constructed in partnership with Japan’s Mitsui Fudosan Co.
On the east side of Highland Park at North Central and Monticello, StreetLights has broken ground for a 20-story tower called The Galatyn.
Read More:20-story residential tower in the works near NorthPark Center mall
2023-10-05 18:39:17