DALLAS—Trinity Green is a 25-acre residential district located along Singleton Avenue in West Dallas. At full build out, the $250 million development will include 1,500 residential units and a 1-acre central park.
“Stonelake saw opportunity in the 25-acre site in 2014 because of the new accessibility to West Dallas via the Margaret Hunt Hill Bridge, Margaret McDermott Bridge and the Sylvan Avenue Bridge,” Coleman Brown, vice president of Stonelake Capital Partners, tells GlobeSt.com. “The new infrastructure now provides direct access to the CBD, Uptown, the Dallas Medical Center and major thoroughfares. We believed with the growing number of entertainment options and restaurants, as well as the cost of living and affordability, people would look to West Dallas as a great option.”
Stonelake Capital Partners and Wood Partners will break ground this fall on phase four on the 324-unit class-A apartment development. Alta Trinity Green will be a five-story wrap with views of downtown, Uptown and the Margaret Hunt Hill Bridge. Alta Trinity Green will deliver first units in spring 2019.
Stonelake also announced the latest update on its initial three phases at Trinity Green. Phase one, a 355-unit class-A multifamily development, The Austin|Trinity Green, will open in April 2017 and is already 12% pre-leased. Stonelake is developing The Austin|Trinity Green in a joint-venture with Streetlights Residential.
The community features a boutique hotel-style lobby, a residential lounge, 24-hour coffee bar, a fitness center, a prep kitchen with a private dining room, infinity pool with lounge seating, outdoor grilling stations and a controlled-access parking garage with electric car charging stations, as well as a dog-washing station and bike storage. Unit amenities include built-ins, Sonos wireless HIFI system with built-in speakers and media connections, full-size front-load washer and dryer, oversized walk-in closets and private terraces.
Phase two is a 96-home single-family residential development called Parkside at Trinity Green being built by David Weekley Homes. Stonelake sold the land for this phase to David Weekley in 2015.
Stonelake is also under construction on phase three, a 1-acre linear park in the middle of Trinity Green which will be completed this month. Trinity Green Park was designed by Studio Outside and will include a perimeter walking trail, a dog park, event lawn and outdoor gathering spaces.
“The West Dallas neighborhood is booming with vibrant retail and entertainment, and outdoor amenities,” said Kenneth Aboussie, Stonelake managing partner. “Trinity Green provides Dallas an urban residential district with for-sale and for-rent options all centered around a 1-acre park with immediate proximity to Downtown, Uptown and the Medical District.”
Stonelake will continue to own 9.4 acres at Trinity Green fronting Singleton with plans for phases five and six, which will total an additional 725 residential units.