A proposed residential tower in Oak Lawn is shrinking following community feedback.
M&A Development now plans to build 200 luxury units at 4211 Newton Ave., a half-block west of Oak Lawn Avenue and near the border of Highland Park. The firm says it’s a desirable location for density given its proximity to a major roadway.
The developer is seeking a height of 240 feet (21 stories) instead of the original 325 feet (28 stories). The building area has been reduced from just over 400,000 square feet to just under 300,000.
The tower would be the same height as the Novel Turtle Creek nearby, the developer said.
D-FW Real Estate News
All parking at the Newton project will remain below-grade or within the covered motor court. The changes were introduced during a presentation before the Oak Lawn Committee on Tuesday.
Support from the body isn’t required like approvals from the city’s zoning and council bodies. Developers often come before the committee as a way to drum up support for a planned project.
The Dallas Morning News originally wrote about the project in May. The project is in its early stages. M&A hasn’t closed on the land. A 33-condo property, Chimney Six Condominiums, currently sits on the site.
A zoning change is required for the requested height.
It could be two years before the group can break ground, Evan Beattie, chairman and CEO of GFF Design, the project’s architect, previously told The News.
The 4211 Newton project joins other planned high-rise residential towers in Oak Lawn. The Halperin family plans to transform a strip mall at 2615 Oak Lawn Ave. into apartments.
New industrial park near DFW Airport
Trammell Crow Company and joint venture partner PGIM have broken ground on Lake Vista Technology Park, a three-building, 316,333-square-foot industrial park located near DFW International Airport in Lewisville.
The project is expected to finish by the end of 2026. Comerica Bank is providing construction financing for the project.
Alliance Architects is serving as the project’s architect. Peinado Construction is the general contractor. Halff is the civil engineer. Studio Green Spot is the landscape architect, and SSI is the geotechnical engineer. Steve Trese and Wilson Brown of CBRE are marketing and leasing the project.
Trammell Crow Company is a commercial real estate developer and wholly owned subsidiary of CBRE.
Acquired Dallas homebuilding firm gets new name
Dallas-based Landsea Homes was acquired by another homebuilder for $1.2 billion earlier this year, and the combined firm has a new name.
California-based New Home Co. and Landsea now operate jointly under the name Risewell Homes.
Headquartered in Irvine, Calif., Risewell Homes is a privately held, top-25 homebuilder with properties in some of the nation’s fastest-growing markets in Arizona, California, Colorado, Florida, Oregon, Texas and Washington.
Landsea moved its corporate headquarters to Uptown Dallas from Newport Beach, Calif., in 2023, citing North Texas’ lower cost of living.
New 829-unit multifamily project in Fort Worth
HPI Real Estate Services and Investments has broken ground on the first phase of a 55-acre project that will bring 829 luxury apartments, townhomes and detached cottages to northwest Fort Worth.
The project, at the southeast corner of Bonds Ranch Road and Blue Mound Road, is HPI’s first in Fort Worth. The Texas-based firm has begun construction on 396 one-, two- and three-bedroom apartments expected to open to residents by early 2027.
Zoning and site plan approval are in place for 240 additional apartments and 193 build-to-rent townhomes and detached cottages.
HPI is investing $16 million alongside a group of private investors. The total investment amount wasn’t disclosed.