40-story high-rise on the way in ’ Arts District | Real Estate | Dallas News 1/30/17, 3:42 PM

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40-story high-rise on the way in Dallas’ Arts District

Steve Brown, Real Estate Editor http://www.dallasnews.com/business/real-estate/2016/10/04/40-story-high-rise-way-dallas-arts-district Page 1 of 7 40-story high-rise on the way in Dallas’ Arts District | Real Estate | Dallas News 1/30/17, 3:42 PM

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Developers have filed permits to build a 40- FINANCE Companies With the Largest Trading story residential tower Volume in ' Arts #1 District.

The high-rise will be one of the tallest buildings started downtown in Vapor Corp OTC:VPCO | Fort Lauderdale, Florida almost two decades. Current Trading Volume: 123.3M

See The List Next List The planned apartment tower at Flora and Olive streets is right next door to the Museum Tower and a block south of .

The high-rise has been Take care of your first line of Winter in the works for more defense.

than a year.

Developer ZOM Holdings just http://www.dallasnews.com/business/real-estate/2016/10/04/40-story-high-rise-way-dallas-arts-district Page 2 of 7 40-story high-rise on the way in Dallas’ Arts District | Real Estate | Dallas News 1/30/17, 3:42 PM

applied for building permits to construct the 416-unit apartment tower, which also is to include retail and restaurant space.

The building permit is valued at $132 million.

Dallas architect Graham Greene, one of the partners in the project, confirmed that the Arts District Tower is close to a start.

"We're moving forward," Greene said. "The construction will take 18 to 24 months."

Along with the tower, the project will include 52 artist's lofts in a low-rise building fronting on Flora Street. http://www.dallasnews.com/business/real-estate/2016/10/04/40-story-high-rise-way-dallas-arts-district Page 3 of 7 40-story high-rise on the way in Dallas’ Arts District | Real Estate | Dallas News 1/30/17, 3:42 PM

Street.

The apartment development will be constructed on a 1-acre site between the and the Meyerson Symphony Center, which is now used for parking.

The apartment tower was designed by Boston-based architect Add Inc.

Balfour Beatty Construction is the general contractor.

The arts district tower will be the tallest of about a dozen new high- rise apartment buildings in development in central Dallas.

Just to the north on Klyde Warren Park, developer Trammell Crow Co. and MetLife are building a 32-story apartment tower in their Park District project.

Four more apartment high-rises are under construction in the nearby Victory Park development.

http://www.dallasnews.com/business/real-estate/2016/10/04/40-story-high-rise-way-dallas-arts-district Page 4 of 7 40-story high-rise on the way in Dallas’ Arts District | Real Estate | Dallas News 1/30/17, 3:42 PM

A 40-story tower planned for downtown Dallas' Arts District will contain luxury apartments, artist lofts and retail space at Flora and Olive streets. (ZOM Holdings USA)

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