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BU S I N E S S CONTINUED FROM 22 Many have speculated that the property will be redeveloped into another mix-use retail and residential building. According to Yeh, Sarofim is not ready to elaborate on their plans at this time.

THE MCKENZIE Streetlights Residential began construction last month on a 20-story high-rise at the corner of Harvard Avenue and Tracy Street. The McKenzie building will house 183 apartments, with a heavy mix of two- and three-bedroom units. The average size of each apartment will be around 1,600 square feet. Streetlights President of Development Tom Bakewell says that the apartments will cater to residents who may have come from a large house, but want to downsize or enjoy the benefits of urban living. “These people are used to nice things,” Bakewell said. “They don’t want all the hassles, so we will take care of many things for them.” The McKenzie will boast a

TA K E N O T E n Southern Land highrise: Construction begins this summer; completed in 2017 n Armstrong at Knox: Retail partially open; completed by early summer n The McKenzie: Construction underway; First apartment ready by late 2017 n Former Chili’s site: Purchased by Sarofim Realty; plans not released full concierge service, on-demand valet and an extensive bar and lounge area in the lobby. The building is intended to evoke the feel of an old-world hotel. “The architecture will fit in with the surrounding area like the buildings at SMU and the old Parkland Hospital,” Bakewell said. Bakewell believes the area

around Knox Street is underserved, he said. He thinks that the McKenzie will appeal those who want to live in a pedestrian-friendly urban neighborhood, but with a slightly quieter setting than other nearby streets.

KNOX RESIDENCES Nashville-based Southern Land Company expects to begin construction this summer on an 18-story luxury apartment complex at the corner of North Central Expressway and Oliver Avenue. The residential community will feature 285 apartments and no retail. The building will include a deck pool on the fifth floor, and a large lung area. “We feel really good about the mix of unit sizes and types,” said Jeremy Cyr, Southern Land’s vice president of multifamily development. According to Cyr, Southern Land chose the location due to its proximity to businesses, restaurant and urban amenities. He said the building should by ready for tenants sometime in 2017.

BRIEFS

UNT at Dallas Breaks Ground on Amphitheater

Land Institute Gives Crows Award Posthumously

Mitch and Linda Hart and a slew of local and state dignitaries attended the ground breaking for the Hart Amphitheater on the campus of the University of North Texas at Dallas on April 7. Additional funding for the amphitheater was provided by the Hoblitzelle and Hillcrest foundations. “Linda and Mitch Hart’s decision to provide the first naming gift at UNT Dallas is one that will live on for years to come,” said Lee Jackson, Chancellor of the University of North Texas System, in a press release. “One hundred and fifty years from now, the amphitheater’s stone and concrete will remain, and serve as a lasting contribution to our southern Dallas community.”

The 2016 Urban Land Institute (ULI) Impact Awards — presented March 29 at the Hilton Anatole — ­ honored the legacy of Trammell and Margaret Crow. They were posthumously recognized with the “Vision Award” for their impact on local real estate and their environmental activism. The award was presented to their children Harlan Crow, Lucy Billingsley, and Trammell S. Crow, all of whom are involved in real estate and environmental awareness. Proceeds of the event support the educational programs and volunteer outreach of ULI North Texas. Send business briefs to: editor @peoplenewspapers.com.

Park Cities People – May 2016  

Park Cities People is a monthly publication of People Newspapers, an affiliate of D Magazine, in Dallas, Texas.