Step Inside Phase Two of Alamo Manhattan’s Victor Prosper Luxury Apartments
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The trendiest apartment complex in Bishop Arts is about to double in size.
A certificate of occupancy is expected next week for phase two of Victor Prosper, an Alamo Manhattan luxury development at Seventh Street and Zang Boulevard in Oak Cliff.
Alamo Manhattan president Matt Segrest doesn’t generally publicize his projects. The work — including the Uptown Marriott, Moda in Victory Park, and Stella in Uptown — stands on its own. CandysDirt.com talked the Texas A&M University graduate and U.S. Marine into a hard hat tour on Tuesday, and color us impressed.
“Great cities have great neighborhoods, and that’s what Bishop Arts is,” Segrest said. “We look at areas where we can build on the momentum that already exists. This is not Uptown. It’s young professionals, the creative class, the hipsters. Some of our tenants are people who grew up in the area and have suburban roots.”
Victor Prosper Phase Two
Phase One of Victor Prosper opened with 216 units in 2018 and remains about 95% leased.
The City of Dallas approved $11.25 million in tax increment financing for the project, one of the highest TIF awards in city history for a multifamily development. In exchange, the first phase of Victor Prosper provided 20% of its units at an affordable rate.
The second phase includes two buildings with 210 market-rate apartments across four levels of wood-framed construction above a concrete podium and subgrade parking garage.
The development also includes 9,300 square feet of commercial space. The area is already thriving with an eclectic mix of tenants including a White Rhino coffee shop, a Pilates studio, and a Blue Feather fitness center. Segrest said negotiations are underway with a trendy locally-owned eatery and more restaurants will likely follow.
“We broke up these big buildings because we didn’t want to make them feel monolithic,” Segrest said. “We thought that was a great design standard to set for the neighborhood.”
Segrest and his partner, chief operating officer Wade Johns, told us at a December 2022 groundbreaking that their original vision was to create a plaza at the Davis Street streetcar stop and a pedestrian-friendly atmosphere with mixed-use and a pathway down Seventh Street to Bishop Arts.
“People tell us all the time, ‘We’re so glad you restored those old buildings,’” Johns said of the new buildings that surround the luxury apartment complex. “That’s the biggest compliment we could have. They were built to look timeless, to match the neighborhood. It’s really creating a nice architectural fabric. We think this is urban development at its best.”
Something Everybody Is Excited About
Segrest praised partners with SJL Design Group, contractors with Andres Construction, and the team at HLR Architects.
Victor Prosper apartments feature luxury finishes such as wood-style flooring, quartz countertops, designer backsplashes, stainless steel appliances, hardwood cabinetry, luxury lighting, full-size front-load washers and dryers, and 9- to 11-foot ceilings.
The average rent for a 690-square-foot apartment is $1,800, Segrest said.
“It’s a high-end experience,” he said.
The second phase features a resident lounge and art studio — an amenity that’s been successful in phase one — and Bishop Arts’ first rooftop dog park. There’s a pool, high-tech fitness center, pet-wash station, and bicycle storage and repair room. An additional public plaza along Zang Boulevard will include an outdoor seating area, according to the project description on the Alamo Manhattan website.
Alamo Manhattan holds itself to a high standard of development and community engagement.
“Our approach to business is that we want to be humble,” Segrest has said. “Our goal is to do something that everybody is excited about.”
