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Hines Exploring Another Dallas Residential Tower
Hines has filed information with the State of Texas indicating it is considering building a 500,000-square-foot apartment building at 2371 Victory Avenue. If the company moves forward on the project, construction will begin in July 2024. The project is expected to be complete by the end of 2026. Construction has been estimated to cost $150 million.
The Dallas Business Journal reports a Hines representative said it is too early to comment on their intent.
The project site is a parking lot next to the 17-story One Victory Park office tower developed by Hines. It’s just steps away from the developer’s 39-story, 344-unit Victor apartment tower, which opened in 2021.
The new tower appears to replace another major project previously planned for the site. In 2014, Hines proposed a 23-story office tower on the site that would have brought 470,000 square feet of office space to the market.
- ◦Development
