The East Dallas development boom is creeping toward Downtown with plans for a 300-unit apartment complex off Ross at Annex.
Austin-based Cypress Real Estate Advisors Inc. asked for a zoning change that would bring the entire 1.7-acre property into the same zone.
The property includes the Credit Union of Texas at 4600 Ross and a couple of old apartment buildings. Dallas Can Academy is across the street, and next door is the site where the 24 Hour Club is building a new facility.
Cypress, the developer that’s taken over the Lake Highlands Town Center, wants to build a four-story apartment complex surrounding a parking garage. JHP is the architect, although no drawings are available yet.
Old East Dallas is swarmed with new multi-family projects. It seems like for-sale townhomes are popping up on every corner. Not many for-rent apartment developments are underway, with the exception of Larkspur Capital’s 3.6-acre townhome/apartment project on Live Oak.
While development also is working its way up Ross Avenue from Downtown, Cypress’ project is the first new development that far west from Old East Dallas.
Zoning along that part of Ross is permissive for the type of dense residential development we’re seeing: It generally allows multiple stories and narrow setbacks of 0-15 feet.
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