Dallas—Multifamily specialist JLB Partners, along with Compatriot Capital, a real estate subsidiary of Sammons Enterprises, has started work on a 299-unit high-rise apartment development in the Uptown neighborhood of Dallas. Situated on the Katy Trail, the 18-story tower will feature views of the Dallas skyline.
The Katy Trail is a path that runs through both the Uptown and Oak Lawn neighborhoods, following the pathway of the old Missouri-Kansas-Texas Railroad, which was known as the Katy. Redevelopment of the path began in 2000, and now the trail is a major piece of recreational infrastructure in the area, suitable for walking, jogging, bicycling and other linear-oriented activities.
The high-rise will feature various amenities, including a private penthouse lounge, a roof deck pool overlooking downtown Dallas, and a wellness center with a yoga lawn. A private dog park and pet spa will be available for pet owners. Also, a courtyard will overlook and provide direct access to the Katy Trail.
The property will include one-, two- and three-bedroom units ranging from 622 square feet to 3,717 square feet. The units will feature 10-foot plus ceiling heights and high-end finishes such as granite counter tops, stainless steel appliances, wood floors and large balconies. There will be three levels of parking below the building.
Completion of the project is slated for spring 2015. GDA Architects is doing the design work, while Pacific Life Insurance Co. will provide the construction and permanent financing for the development.