Woods Capital Planning Two Dallas High-Rises

Woods Capital is looking to build two downtown Dallas high-rises. One, a 20-story residential tower, the other an office building of a similar size.

The Dallas Morning News reports the cost for the structures will be $70 million each. The firm acquired the land for development last year. Woods hopes to complete the structures by 2026.

The office tower, The Ivy, will be 200,000 square feet and sit across from The English, the residential tower. The projects will be going up at 5115 McKinney Avenue, off Central Expressway. The corridor has received a lot of notice of late for being the site for numerous highrises. StreetLights Residential is developing another 20-story apartment building called the Galatyn. Houston developer Hines and Dallas-based Stockdale Investment Group are planning two more towers nearby, just south of Knox Street.

Woods made a splash when it acquired the 60-story Comerica Bank Tower. It plans to convert much of the office space to hotel and residential.