JV Targeting Preston Hollow for $650M Mixed-Use District

JV Targeting Preston Hollow for $650M Mixed-Use District
News| October 8, 2025| Mike Boyd

Burk Interests and Greenway Investment are hoping that Dallas will approve a rezoning that will allow them to move forward with a $650 million district featuring a 28-story hotel and condo tower, a 24-story luxury apartment tower, two office towers, and several restaurants in the Preston Hollow neighborhood. All of these elements would encircle a green space that represents the heart of the development (photo).

The Dallas Business Journal reports the developers are looking to build towers up to 275 feet and 325 feet tall. Current design plans call for about 150 hotel rooms and fewer than 100 condos.

The future site is slated to be located right across from Central Market. Burk has owned the land since 2017. The project could break ground as early as 2028.

Dallas-based GFF is the architecture firm assigned to the project.

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