Key Takeaways
- • Developers are advancing a roughly $300 million mixed-use tower project along McKinney Avenue in Uptown Dallas, featuring mixed-income apartments and ground-level retail and dining space.
- • A 30-story apartment tower with approximately 215 units is proposed at the northern tip of The Crescent by Crescent Real Estate LLC, representing significant density for the historic Uptown neighborhood.
- • The project will occupy a surface-level parking lot at the intersection of McKinney Avenue and Hall Street, comprising approximately 568,574 square feet of development on previously underutilized land.
- • The tower will incorporate mixed-income housing alongside luxury rental units, with restaurant and retail components totaling roughly 18,000 square feet of ground-floor commercial space.
- • This development is part of a broader historic redevelopment initiative in Uptown, marking continued transformation of the neighborhood toward higher-density, mixed-use urban development.
Summary
A major mixed-use residential development is advancing in Dallas' Uptown neighborhood as developers aim to construct a roughly $300 million tower featuring mixed-income apartments along McKinney Avenue. The project represents a significant capital commitment to one of Dallas' most established urban districts and reflects sustained institutional investor confidence in the Uptown market.
Crescent Real Estate LLC has proposed constructing a 30-story apartment tower containing approximately 215 residential units at the northern tip of The Crescent, a historically significant mixed-use development in the area. The proposed structure will occupy a surface-level parking lot located at the intersection of McKinney Avenue and Hall Street, encompassing approximately 568,574 square feet of total development space. This site selection represents a strategic conversion of underutilized land into high-density residential product.
The development program includes both luxury rental units and mixed-income housing options, distinguishing it from typical Uptown residential offerings. Ground-floor activation will comprise approximately 18,000 square feet of restaurant and retail space, supporting the mixed-use character of the project. The inclusion of mixed-income components alongside market-rate units suggests developer positioning toward regulatory incentives and broader neighborhood accessibility.
This tower development is positioned as part of a historic redevelopment initiative transforming Uptown's urban character. The project's advancement reflects confidence in the neighborhood's continued appeal to both residential and commercial tenants, while the mixed-income housing component indicates developer engagement with affordability considerations in a premium Dallas market.
Crescent Real Estate LLC has proposed constructing a 30-story apartment tower containing approximately 215 residential units at the northern tip of The Crescent, a historically significant mixed-use development in the area. The proposed structure will occupy a surface-level parking lot located at the intersection of McKinney Avenue and Hall Street, encompassing approximately 568,574 square feet of total development space. This site selection represents a strategic conversion of underutilized land into high-density residential product.
The development program includes both luxury rental units and mixed-income housing options, distinguishing it from typical Uptown residential offerings. Ground-floor activation will comprise approximately 18,000 square feet of restaurant and retail space, supporting the mixed-use character of the project. The inclusion of mixed-income components alongside market-rate units suggests developer positioning toward regulatory incentives and broader neighborhood accessibility.
This tower development is positioned as part of a historic redevelopment initiative transforming Uptown's urban character. The project's advancement reflects confidence in the neighborhood's continued appeal to both residential and commercial tenants, while the mixed-income housing component indicates developer engagement with affordability considerations in a premium Dallas market.
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