{"id":1004818543,"date":"2026-11-12T05:15:29","date_gmt":"2026-11-12T13:15:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004818543"},"modified":"2026-11-12T05:15:31","modified_gmt":"2026-11-12T13:15:31","slug":"800m-mixed-use-dallas-project-moves-forward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/800m-mixed-use-dallas-project-moves-forward\/","title":{"rendered":"$800M Mixed-Use Dallas Project Moves Forward"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af5c08d82f5d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004818544\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/800m-mixed-use-dallas-project-moves-forward\/aerial-view-of-downtown-dallas-texas-at-night\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;Owen - stock.adobe.com&quot;,&quot;camera&quot;:&quot;L1D-20c&quot;,&quot;caption&quot;:&quot;default&quot;,&quot;created_timestamp&quot;:&quot;1542477794&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10.3&quot;,&quot;iso&quot;:&quot;1250&quot;,&quot;shutter_speed&quot;:&quot;0.125&quot;,&quot;title&quot;:&quot;Aerial view of downtown Dallas Texas at night&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Aerial view of downtown Dallas Texas at night\" data-image-description=\"&lt;p&gt;Image obtained from Adobe Stock with Patricia&#8217;s help. Do not use without permission from the art department.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Preston + Royal mixed-use project could take shape north of downtown Dallas. Image by Owen\/Adobe Stock &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg\" alt=\"Aerial view of downtown Dallas Texas at night.\" class=\"wp-image-1004818544\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/AdobeStock_237032927.jpeg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Preston + Royal mixed-use project could take shape north of downtown Dallas. <em>Image by Owen\/Adobe Stock <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Dallas City Council has approved rezoning for the Preston + Royal project, an $800 million mixed-use development in the northern Dallas neighborhood of Preston Hollow, as <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/article\/preston-road-royal-lane-towers-leland-burk-dallas-22523808.php\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported by <em>The Dallas Morning News<\/em><\/a>.<\/p>\n\n\n\n<p>Burk Interests and Greenway Investment Co. are the firms behind the project, which is intended to feature three towers. Earlier May proposals included a <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-driving-mixed-use-design\/\">mixed-use design<\/a> combining a hospitality tower with 150 hotel keys and 54 condominium units with a 200,000-square-foot office building and a 177-unit multifamily high-rise.<\/p>\n\n\n\n<p>The zoning allows for a maximum height of 199 feet, up from the previous allowance of 54 feet, marking nearly a fourfold increase. Still, the new height represents a 40 percent reduction compared to the developers\u2019 first proposal of last year, which envisioned towers as tall as 325 feet.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-projects-that-will-reshape-dallas\/\">Top Projects That Will Reshape Dallas<\/a>\u00a0<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at the southwest corner of Preston Road and Royal Lane, the project may rise atop a site impacted by the North Dallas 2019 tornado, the second costliest in Texas history at nearly $1.6 billion in damages.<\/p>\n\n\n\n<p>Notably, the development received pushback from nearby residents concerned about heights and local traffic in the area. Some of their grievances were considered through requirements for the building permit\u2019s issuance, which hinges upon upgrades to the intersection\u2019s signal equipment, as well as the installation of an emergency vehicle traffic signal, among others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-dallas-rezoning-for-taller-mixed-use-properties\">Dallas rezoning for taller mixed-use properties<\/h2>\n\n\n\n<p>Burk Interests and Greenway Investment aren\u2019t the only developers that sought to rezone Dallas sites for taller mixed-use properties. In 2022, Trammell Crow Co., MSD Capital and The Retail Connection requested an increase from 240 feet to 399 feet for the Knox Street development.<\/p>\n\n\n\n<p>The City Council greenlit the project that same year, set to include 150,000 square feet of office, 100,000 square feet of retail, 186 multifamily apartments, 140 hotel keys and 47 condominium units. The developers expect completion late this year after <a href=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-jv-tops-out-dallas-mixed-use-development\/\">topping out the project<\/a> in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development may include office, hospitality and residential spaces.<\/p>\n","protected":false},"author":3471,"featured_media":1004818544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21752,21742,51973],"tags":[53048,53049],"class_list":["post-1004818543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-mixed-use","category-latest","category-southwest","tag-burk-interests","tag-greenway-investment-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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