DALLAS-Greystar is ready to move forward with development of a 424-unit, luxury apartment community called Elan City Lights, at the City Lights property just east of downtown.
Greystar recently bought the 4-acre vacant tract at Live Oak Street and Good-Latimer Expressway, and has broken ground on the long-dormant site, says the Dallas Morning News.
The South Carolina-based property manager bought the parcel out of bankruptcy, and hopes to have apartment units ready for occupancy by late next year.
Previous owners had hoped to construct a $175 million complex that included a grocery-anchored shopping center, high-rise residential buildings and a hotel.
Click Dallas Morning News to read the full story.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
