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Lake Highlands

Lake Highlands Town Center

Prescott executives and Dallas officials are holding a ceremonial groundbreaking this morning for the long-awaited redevelopment. Coming down are 1,400 apartment units at the intersection of Skillman and Walnut Hill roads, where demo work is about 20% done. Going up will be 1,700 residential units, 280,000 sf of retail, an 80,000-sf to 100,000-sf office building, roughly 100 townhouses, 11 zero lot-line dwellings and a public amphitheater.

"This is a ceremony for the neighbors who've been very excited about this project," says Vance Detwiler, president of the Dallas-based development group. "It's what the neighborhood has wanted for the past six or seven years."

Detwiler says negotiations are under way with retail anchors and multifamily developers for tracts when the land's ready for vertical construction. In the first phase, the developer plans to build the majority of the retail component, which will be topped off with about 40,000 sf of office space and 600 residential units on buildings' upper floors. The initial phase includes townhouses and zero lot-line houses.

Instant Insights /

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