Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Dallas-Fort Worth  + Apartments  | 
Validus developing 30-story Turtle Creek tower

30-Story Apartment Tower Slated for Turtle Creek

Validus Development Corp. plans to build a 104-unit high-rise on a vacant three-quarter-acre corner lot north of Hood and Brown streets near Turtle Creek. A local planning commission approved some changes to the original concept. It still has to be voted on by the Dallas City Council.

The developer has incorporated larger-than-average units into the project. The average unit size would be 2,229 square feet. The developer is taking advantage of a city incentive program in which it agrees to set aside 5% of the apartments, which would be affordable to households making 81% of the area’s median family income level.

The developer’s attorney said they may instead pay a fee to the city to create housing elsewhere in lieu of providing those affordable units on site.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

Connect

Inside The Story

Validus Corp

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
New call-to-action
New call-to-action