The construction of a massive high-rise residential building is expected to get underway starting next year in Dallas’ Victory Park neighborhood, a mixed-use community anchored around the American Airlines Center.
According to a Texas Department of Licensing and Regulation filing, the project, slated for 2327 Victory Ave., bears a projected construction cost of $150 million.
Houston-based developer Hines has been working on plans to develop that site on Victory Avenue next to One Victory Park, a 17-story, 436,295-square-foot office building it developed and then sold in 2018, reported The Dallas Morning News in November.
Hines did not respond to questions about the planned residential development, but the state filing shows it will span approximately 569,133 square feet.
According to its website, Hines also owns The Stack Deep Ellum, Inwood Trade Center, Merion at Midtown Park, and The Victor — a luxury 344-unit high-rise building on Victory Park Lane.
Hines is developing Maple Terrace, a 3.4-acre mixed-use property in Uptown Dallas. As previously reported by The Dallas Express, Doce Mesas is set to open its third location within the development next year.
Victory Park combines office space, bars, and restaurants, along with entertainment venues, sidewalk cafes, apartments, and retailers across its 75 acres just north of Downtown Dallas.
A franchisee of North Carolina biscuit concept Rise Southern Biscuits has chosen the neighborhood as the locale for its first store in Dallas, as previously reported by The Dallas Express.
According to the state filing, construction of the new high-rise residential building on Victory Lane is scheduled to begin in July 2024 and be completed by December 2026.
DFW has been seeing a significant amount of real estate development in recent years, however, Dallas has seen its share of construction activity decelerate over the years, likely due to the City’s periodically problematic building permit process under City Manager T.C. Broadnax.
