Dallas-based developer StreetLights Residential (SLR) has broken ground on a luxury multifamily high-rise called The Galatyn on the northwest corner of U.S. 75 and Monticello Avenue in Dallas.
The 20-story, 234,000-square-foot residential tower includes a unique floor plan with only three units per floor and two units on the penthouse level. The 2,700-square-foot apartments will have two or three bedrooms, while the two penthouse suites will be 4,500 square feet, reported CultureMap Dallas.
The luxury high-rise will include a total of 56 apartments and a host of top-line amenities, including dedicated workspaces and relief areas, a coffee bar, concierge services, a courtyard, and an on-site fitness center featuring a sauna, a pool, a catering kitchen, and more.
The Galatyn is expected to have its grand opening sometime in Spring 2025, according to Tom Bakewell, chief investment officer at SLR, as previously reported by The Dallas Express.
StreetLights Creative Studio, an affiliate of SLR, is the architecture firm behind the project. SLR Construction LLC is the general contractor.
According to Stephen Meek, senior vice president at SLR, the strong sense of community observed at The McKenzie is what the firm is trying to replicate with The Galatyn.
According to planning documents filed with the state, The Galatyn is expected to cost around $73 million, as previously reported by The Dallas Express.
The Dallas Express reached out to SLR for more information on the multifamily high-rise but did not hear back by press time.
Ultimately, the firm has already seen relative success just getting The Galatyn off the ground despite known problems with Dallas’ building permit process. Such problems have become commonplace under City Manager T.C. Broadnax and often result in delayed approvals and long wait times — issues local officials are working to address.