One of North Texas’ largest developers has started work on a midrise apartment complex in downtown Dallas.
Dallas Morning News’Current plans call for a seven-story complex with 45 two-bedroom apartments and 137 one-bedroom apartments. Estimated average rents will hover around $3,000.Preleasing will begin in July or August 2025. Construction is expected to be complete by mid-2025. The first residents will move in around October or November 2025.Both properties are in Dallas’ Harwood Historic District, which includes a mish-mash of buildings constructed between the late 1800s to the 1980s.
Offering your home in exchange for a stay at someone else’s place is far from a new concept, but this oft-forgotten segment of the travel industry is booming amid high inflation, the normalization of remote work and skyrocketing hotel rates. Also contributing to the trend is increased frustration with short-term rentals and the growing regulation of rental homes in major cities.A San Antonio developer is moving forward with a luxury apartment community north of Knox Street.
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