One of the most popular apartment complexes in one of the hippest neighborhoods in Dallas is getting an expansion.
As Dallas residents know, the Bishop Arts District is a vibrant and eclectic neighborhood renowned for its charming mix of independent boutiques, cozy coffee shops, and trendy restaurants. This historic area boasts a rich cultural heritage, with many buildings dating back to the early 20th century, giving it a unique, nostalgic character.
Over the years, Bishop Arts has transformed into a bustling hub for artists, entrepreneurs, and visitors alike, making it a must-visit destination for those seeking a blend of historic charm and contemporary flair.
Here’s some of what Candy’sDirt published on the expansion of Victor Prosper:
The trendiest apartment complex in Bishop Arts is about to double in size.
A certificate of occupancy is expected next week for phase two of Victor Prosper, an Alamo Manhattan luxury development at Seventh Street and Zang Boulevard in Oak Cliff.
Alamo Manhattan president Matt Segrest doesn’t generally publicize his projects. The work — including the Uptown Marriott, Moda in Victory Park, and Stella in Uptown — stands on its own. CandysDirt.com talked the Texas A&M University graduate and U.S. Marine into a hard hat tour on Tuesday, and color us impressed.
“Great cities have great neighborhoods, and that’s what Bishop Arts is,” Segrest said. “We look at areas where we can build on the momentum that already exists. This is not Uptown. It’s young professionals, the creative class, the hipsters. Some of our tenants are people who grew up in the area and have suburban roots.”
Phase One of Victor Prosper opened with 216 units in 2018 and remains about 95% leased.
The City of Dallas approved $11.25 million in tax increment financing for the project, one of the highest TIF awards in city history for a multifamily development. In exchange, the first phase of Victor Prosper provided 20% of its units at an affordable rate.