Mixed-Income Rental Community Opens in Dallas

Banyan Residential and Bridge Investment Group, has welcomed first move-ins at Banyan Flats, a 289-unit apartment community just west of downtown Dallas. Among one of the city’s first Public Facility Corporation projects, Banyan Flats will offer qualifying residents rent-restricted pricing on 50% of the building as part of the program.

The development, which is in a designated Opportunity Zone, is part of the Dallas Public Facility Corporation program—a Texas public facility corporation and public nonprofit corporation—that seeks to develop and preserve mixed-income workforce housing communities that serve residents earning at or below 80% of the area median income and provide non-income-restricted units.

Located at 2022 N. Beckley Avenue, Banyan Flats offers a wide selection of apartment types, including micro-units, studios, one-, two-, and three-bedroom units ranging from 415 to 1,425 square feet. The residences are complemented by first-class amenities, including one of Dallas’ most unique resort-style pools and a fitness center, clubhouse, dog wash, and rooftop deck.