Crescent Looking to Add to Dallas Holdings

Crescent Real Estate is looking to expand its Oak Lawn presence. The company has proposed building a 30-story apartment high-rise with roughly 215 units at the northern tip of The Crescent.

The Dallas Business Journal reports it appears the proposed Crescent Point Tower at Cedar Springs Road and Maple Avenue would take the place of a parking garage entrance.

Crescent Point Tower would be 415 feet tall, 130 feet more than what’s currently allowable. They are hoping for a variance from a local planning agency. In addition to housing, the building would also include some restaurant and retail space, plus two new outdoor dining areas and a new landscaped parkway on Maple Avenue.

This comes a day after a number of news outlets reported Crescent Real Estate would add a second office building to its Crescent Fort Worth mixed-use development. The Crescent in Uptown, which opened in 1986, spans more than 10 acres and encompasses 1.3 million square feet of hotel, retail, dining and office space.

Industry leaders and power players are connecting at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. Don’t miss the expert’s take on where the market is headed, and what changes are on the horizon. Register Now!