Townhouses to Accelerate Urban Renewal in Corridor

DALLAS—The Knox-Henderson area is one of Dallas' fastest growing neighborhoods. Larkspur Capital Partners is seizing on that growth and recently broke ground on its fifth East Dallas residential project along the budding Fitzhugh Avenue corridor, The Block on Bennett. The contemporary townhouse development is scheduled for completion in early 2017.

“We believe the completion of The Block on Bennett will really accelerate the urban renewal that has started to take place in this particular corridor over the past couple of years,” says Larkspur Capital co-founder and managing partner Chris Anderson. “By disrupting existing development standards in the neighborhood, The Block and Larkspur's other recently completed projects in the area, The Ivy, The Bennett Avenue Townhouses and The Quarter, are reshaping the way people view this segment of East Dallas and drawing more potential homebuyers to the area than ever before.”

The complex will consist of 22 units, which will feature sophisticated design elements, such as brass hardware and energy-efficient insulation, lighting, plumbing and appliances spanning across six buildings. In addition to second-level balconies off the kitchens, residents also will enjoy private green space with fenced front and back yards.

“Given the supply-demand imbalance that the Dallas residential real estate market has experienced over the past several years, there's clearly demand for additional for-sale product, particularly at the price point being offered at The Block,” Anderson tells GlobeSt.com. “Further, The Block will contribute to the urban renewal occurring in this segment of East Dallas as it's replacing aging rental housing stock with new high-end condominium units.”

Specializing in the development of niche, urban spaces, Larkspur Capital is currently preselling units for an additional luxury development in the Fitzhugh Avenue corridor, The Quarter. The Dallas-based developer also recently completed Phase Two of The Ivy, a gated community with 34 modern townhouses, and the recently sold-out upscale Bennett Avenue Townhouses, which are also located in the Knox-Henderson corridor. The firm plans to break ground on more than 200 additional residential units in several developments during the next 12 month.  

“The Block has been designed and positioned to serve as an anchor for the neighborhood and a gateway for further development,” Anderson added. “Each townhouse will provide easy access to the unique amenities that make Knox-Henderson so appealing to a wide array of buyers. Being this close to a thriving urban district is a huge asset for our future residents.”

DALLAS—The Knox-Henderson area is one of Dallas' fastest growing neighborhoods. Larkspur Capital Partners is seizing on that growth and recently broke ground on its fifth East Dallas residential project along the budding Fitzhugh Avenue corridor, The Block on Bennett. The contemporary townhouse development is scheduled for completion in early 2017.

“We believe the completion of The Block on Bennett will really accelerate the urban renewal that has started to take place in this particular corridor over the past couple of years,” says Larkspur Capital co-founder and managing partner Chris Anderson. “By disrupting existing development standards in the neighborhood, The Block and Larkspur's other recently completed projects in the area, The Ivy, The Bennett Avenue Townhouses and The Quarter, are reshaping the way people view this segment of East Dallas and drawing more potential homebuyers to the area than ever before.”

The complex will consist of 22 units, which will feature sophisticated design elements, such as brass hardware and energy-efficient insulation, lighting, plumbing and appliances spanning across six buildings. In addition to second-level balconies off the kitchens, residents also will enjoy private green space with fenced front and back yards.

“Given the supply-demand imbalance that the Dallas residential real estate market has experienced over the past several years, there's clearly demand for additional for-sale product, particularly at the price point being offered at The Block,” Anderson tells GlobeSt.com. “Further, The Block will contribute to the urban renewal occurring in this segment of East Dallas as it's replacing aging rental housing stock with new high-end condominium units.”

Specializing in the development of niche, urban spaces, Larkspur Capital is currently preselling units for an additional luxury development in the Fitzhugh Avenue corridor, The Quarter. The Dallas-based developer also recently completed Phase Two of The Ivy, a gated community with 34 modern townhouses, and the recently sold-out upscale Bennett Avenue Townhouses, which are also located in the Knox-Henderson corridor. The firm plans to break ground on more than 200 additional residential units in several developments during the next 12 month.  

“The Block has been designed and positioned to serve as an anchor for the neighborhood and a gateway for further development,” Anderson added. “Each townhouse will provide easy access to the unique amenities that make Knox-Henderson so appealing to a wide array of buyers. Being this close to a thriving urban district is a huge asset for our future residents.”