De La Vega Moving Ahead on The Central’s Next Phase
De La Vega Development is making progress on The Central, a 27-acre mixed-use district planned between SMU and Downtown Dallas. The Dallas Business Journal reports the company is gearing up to go vertical on a 400-unit apartment tower, a health and wellness club, and a Marriott-branded hotel. The Central will also have three restaurants. The development firm is in the permitting process.
The health and wellness club could break ground this summer, while the hotel, which will have around 200 rooms, could get going in the first quarter of 2027. The company is also open to the possibility of building office space next to the hotel.
The first phase of the development saw a 321-unit high-rise, The Oliver, developed and built by Dallas-based StreetLights Residential.
In total, The Central Dallas is planned for 4 million-square-feet of urban mixed-use development focused on connectivity with upscale multifamily, hospitality, office, retail and restaurant uses as well as a 3.5-acre park.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout