Hotel, Residential Highrise Planned for Uptown Dallas
Proper Hospitality and Lincoln Property Co. are joining forces on a 34-story tower that will include 200 hotel rooms and 80 residences on the upper floors.
The Dallas Business Journal reports the project, Dallas Proper Hotel & Residences, is to be built on a 4-acre site just off Cedar Springs Road. A 15,000-square-foot wellness center will also be part of the mix. The residential section will feature a private rooftop pool, a dining terrace, and a lounge. The tower will also feature a members-only “Proper Club,” which will include a 6,000-square-foot social space, restaurant, pool, bar, lounge, and work areas.
Work is expected to begin on the project in 2026. The venture is projected to be delivered in 2029.
Proper operates hotels in Austin, Santa Monica, Downtown Los Angeles and San Francisco. It also operates Avalon Hotels, a boutique hotel chain that is part of the Proper Hotels portfolio.
The building will be designed by Skidmore Owings & Merrill.
Lincoln bought the land for the project in March 2024.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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