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$125M Downtown High-Rise in the Works

Real Estate

Residential high-rise projects are still being constructed within Dallas. | Photo credit to Shutterstock.

A new high-rise residential project is coming to downtown Dallas.

South Carolina-based developer Woodfield Development has filed plans with the state for a 21-story, $125 million residential tower downtown near Dallas’ Farmers Market, according to The Dallas Morning News.

The building is set to be one of the final large development sites in the Farmers Market area, where hundreds of new apartments have been built in the last decade.

The residential building is called GreenHouse, and it is to be designed by the Dallas architectural firm Corgan, the designer of the Keurig-Dr. Pepper headquarters in Frisco. Construction will start in May and is expected to be completed in two years.

Woodfield Development opened a Dallas office in 2022 to help expand its presence in Texas. It has built over 30 luxury apartments across the east coast in the Carolinas, Washington D.C., Atlanta, Philadelphia, and Florida.

GreenHouse is a 573,000-square-foot project and will be located on South Good Latimer Expressway near Interstate 30.

Woodfield already has another downtown Dallas project underway across the street from the 340-unit Skyline Farmers Market apartments.

Its new high-rise development is just one of many planned for downtown Dallas.

On Young Street, west of Farmers Market, Mill Creek Residential has started construction on a 16-story apartment called Modera St. Paul.

Real estate developer Todd Interests has designed a 47-story, $195 million residential tower on the eastern edge of downtown. The high-rise will be part of Todd Interests’ East Quarter development.

Dallas’ real estate market is showing no signs of slowing down. A report on Tuesday from the National Association of Realtors named Dallas third on a list of the top five markets to watch, according to Barrons.

With all of the new construction, employees at the just-announced Goldman Sachs building downtown will have plenty of different housing options to choose from.

 

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