Development Digest

New York investors bought up most of a block of Zang Boulevard between Tenth and Sunset earlier this year. Abingdon Square Partners says it has no immediate plans for the properties, which include a retail strip and a medical office. The investment firm has also been buying property in Deep Ellum and the Design District.

Exxir Capital, the developer behind Bishop Arts’ southern expansion, purchased the Bishop Highline apartments at 305 and 431 Melba in February. The two buildings comprise 118 units. Developer Urban Genesis, who built them in 2018, has two other projects under construction in Bishop Arts.

GroundFloor Development plans to fill 2.7 acres on West Davis at North Oak Cliff Boulevard with 20 luxury townhomes starting at $880,000, plus a five-story residential building with 28 units. The development, Kessler West, is on the site of former apartments. The land was vacant for more than a decade before David Weekly Homes built two- and three-story townhomes facing Stevens Village Drive. The Kessler West townhomes will be built in three phases. The first is already under construction and expected to be completed this spring.

A new retail building is under construction on West Davis at Vernon, next door to Oil & Cotton. The building will comprise 4,480 square feet of restaurant and retail space with 54 parking spaces at the rear, and could be completed early next year. Spaces of 1,442-3,008 square feet are now leasing.

About 40,000 apartment units are under construction in Dallas, one of the busiest cities in the nation for apartment building, and hundreds are coming to our neighborhood. The intersection of Zang at Beckley will look a lot different in about two years when Omniplan is expected to deliver a five-story apartment building diagonally across from Spiral Diner. Zang Flats will have 71 residences. Groundfloor lofts on the street-facing side will mimic the look of storefronts, and the complex will have a pool deck on the mezzanine level. It’s on the Oak Cliff streetcar line and a couple of blocks from Lake Cliff Park. Two blocks away, Kairoi Residential plans to build an eight-story apartment building with 352 units on the former site of El Fenix on Colorado. The stretch of Beckley Avenue between Greenbriar and Interstate 30 will soon fill in with multistory apartments. StoneHawk Capital Partners expects to break ground this month on 340 apartments on Beckley at Morgan, across the street from Lone Star Donuts. The apartments will replace one-story warehouse and industrial buildings a block away from Methodist Dallas Medical Center. The 400,000-squarefoot property has built-in skyline and Trinity River views as it’s on the edge of the west levee. Georgia-based Flournoy Development Group has almost completed the Trinity Skyline apartments nearby.