The Largest Residential Developments Built in 2015 in Dallas
- Apr 11, 2016
By Balazs Szekely, Contributing Editor
Dallas—While Dallas’ rental market spurred with activity in 2014, developers continued the buzz throughout 2015—unlike in San Francisco, where the number of new apartments decreased by close to 40 percent from one year to another. In 2015, developers added 19 large rental projects of 50+ units totaling 5,351 new apartments in Dallas. This marks a drop of just 11 percent from the 2014 peak, when 6,053 rental units came online in 20 apartment buildings, according to Yardi Matrix.
Scroll down and see five of the largest apartment projects that hit the Big D in 2015:
1. Elan City Lights, 424 units
Greystar’s immense, 320,737-square-foot new-build targets young urban professionals with no less than 300 one-bedroom units, 19 studios and 15 alcove-style apartments—which leaves room for a still substantial 90 two-bedroom homes. Professional business center and conference room are also available on-site, as well as 525 parking space, outdoor grilling stations with built-in sink and fridge. (Image courtesy: Elan City Lights Website)
2. 3700M, 381 units
If the above development was a grandiose project, these three, 4- 20-story buildings by Cityplace also deserve a mention here. In addition to the 381 rental unit, 3700M also boasts full service concierge, business center with two private conference rooms, yoga studio and over 37,000 square feet of retail—adding up to a total of 340,864 square feet. The development is set to receive LEED Silver certification. (Image courtesy: 3700M Website)
3. Alexan Fairmount, 368 units
This contemporary 5-story building at 4210 Fairmount St. is all about modern elegance. The swimming pool in the courtyard gives an instant picture about what a renter can expect at Alexan Fairmount: quality finishes and high-tech equipment throughout. Electric vehicle charging station, tanning studio, keyless entry and granite counters are just some of the innovative luxury features that Trammel Crow Residential introduced in their latest Dallas project. (Image courtesy: Alexan Fairmount Facebook Page)
4. Olympus at Ross, 368 units
This project at 3501 Ross Ave. in Dallas targets mainly young professionals and couples with 222 one-bedroom apartments and 35 studios. However, the 303,645 square feet of space gave Olympus Property plenty of space to think about larger families too, and create 111 two-bedroom apartments. High-end materials aren’t missing, as quartz counters with contemporary glass tile backsplash and stainless steel appliances are included in the package. (Image courtesy: Olympus at Ross Facebook Page)
5. NorthRock Lake Highlands, 362 units
The Prescott Group’s partially affordable, 302,148 square-foot residential development is LEED certified, and offers over 360 units and a generous 760-spot parking garage. The unit mix includes 16 one-bedroom, 119 two-bedroom and 27 three-bedroom apartments—the 557 square-foot units are reserved for low-income housing, while 38 units are affordable. Amenities include outdoor grilling stations, fitness center, swimming pool, dog park, business center and clubhouse. (Image courtesy: NorthRock Lake Highlands Facebook Page, Yardi Matrix)
For more of 2015’s largest apartment projects in Dallas, check out the complete list on the RENTCafé Blog.