Developers are seeking plan approval to build a multi-tower high-rise project in North Dallas.
The development project will include a 16-story tower and a nine-story tower situated between the Preston Tower Condos and the Athena Condos along Northwest Highway in North Dallas.
The 225-unit rental project is expected to comprise 265,000 square feet of office space and 30,000 square feet of retail space.
The Royal Orleans Condos and Diplomat Condominiums were constructed in the 1960s when development in the area was limited to low-rise structures. The site today, though, has been zoned to allow for “high-rise development on the land,” according to the brokers.
In fact, the planned rental project is one of many high-rise developments in the works along the strip of Northwest Highway near the Preston Center district. Preston Center surrounds the area near Preston Road and Northwest Highway and has been a premier commercial and retail space in North Dallas since its development in the 1950s.
Developer Lincoln Property is currently building two high-rises south of Preston Center, while the land owners for the Preston Center Pavilion shopping center are planning to build a mixed-use development with 265,000 square feet of office space, 180 multifamily units, and 30,000 square feet of retail space.
Cawley Partners has built several developments in Far North Dallas and Plano. Some of Cawley’s future developments include the 120,000-square-foot Parkwood Phase II and the 250,000-square-foot offices at Heritage Park in Plano.