We just can’t build apartments fast enough in Dallas, it seems. Apparently Sarofim Realty Partners and Lincoln Property Company agree, as new plans reported by Steve Brown of the DMN include 165 luxury rental units for the mixed-use development at 4501 Cole.
Greater density in the area has left residents craving a real grocery store, and rumors swirled about Trader Joe’s moving in months ago before being confirmed in Brown’s story. The site, at Cole and Armstrong, has had plenty buzz as developers seek to turn Knox Street into the city’s premiere walkable shopping district.
And with these apartments added in the mix, and with rental demand projected to remain strong, we think this Womack + Hampton Architects development would be a tremendous asset to the area, which has several multi-family developments nearby, but none with a mix of ground-floor retail such as this.
Here’s a bit from Brown’s story:
“The Lincoln Knox apartments are a natural extension of this upscale, walk-able neighborhood and will offer outstanding amenities,” [contractor] Hill & Wilkinson’s Jay Graham said in a statement.
It does make me wonder what could be next for Knox. Of course, the area has been a magnet for high-end retail and exceptional boutiques such as Forty Five Ten, Design Within Reach, and Urban Flower/Grange Hall. It’s a short walk to the Katy Trail. Tons of trendy restaurants can be found nearby, too. But what about the landmarks? Could longtime businesses such as Wild About Harry’s and Highland Park Soda Fountain (nee Pharmacy) be pushed out as more dense developments go vertical?
What do you think?