Andrew T. Carnahan, president of locally based ForesiteDevelopment Co., says the 30-unit Alix at 4107 Bowser Ave. and30-unit Nikko at 4411 Bowser Ave. will deplete his land bank in OakLawn, where's he's built nearly $60 million of residential product.He has one development under way in the neighborhood, the 45-unitHaven at 4040 Hall St., which will be delivering in earlysummer.

"Land prices in Oak Lawn have skyrocketed. We've done prettygood redeveloping Oak Lawn. East Dallas hasn't quite gone throughthe same re-gentrification," Carnahan tells GlobeSt.com. "Theprices are a little more reasonable." He has a 40,000-sf vacanttract under contract along Live Oak Street near Bryan Place, wherehe's planning to build a five-story building with 64 units, keepingto his trademark design with the ground floor reserved for parking.If the plan stays on track, the Live Oak project will come on linein winter 2008.

For four years, Carnahan's business focus has been creatingboutique flats, primarily targeting young professionals in designand pricing. The Alix and Nikko were designed by the Dallas-basedfirms of Mayse & Associates Inc. and WDG Architecture Inc. KWAConstruction LP, also from Dallas, is the general contractor forboth developments. The projects, each estimated at $6 million, willdeliver in first quarter 2008 on 24,000-sf tracts that once heldthe 1960s-era second and third phases of the ManhattanApartments.