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Big-D Booms With Downtown Multifamily

DALLAS—By 2019, Dallas will boast a much different skyline with multifamily projects such as the Brady, Jordan Uptown and Gables McKinney Avenue fetching sky high rents as well.

Gables McKinney Avenue Gables McKinney Avenue is fetching sky high rents.

DALLAS—Multifamily development in Dallas is on the rise, literally, with an increasing number of new apartment high-rises planned and under construction, says a report by CBRE. The shift from suburban sprawl to downtown living is making its way into the region, as evidenced by the growing downtown development.

More than 4,600 multifamily units are under construction in this popular area of Big D—29% of all apartment construction in town. Moreover, the development pipeline is full of high-rises with 65% of the Uptown/Downtown construction pipeline consisting of high-rise or high-rise conversion projects.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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