Dallas' Lake Highlands development picks upDallas' Lake Highlands development picks uphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=104482013-02-26T07:09:00Z2013-02-26T00:00:00Z

DALLAS - Construction crews are rushing to build the Lake Highlands Town Center. The first of 200 apartments and retail space in the 70-acre development at Skillman Ave. and Walnut Hill Ln. will be ready for tenants in early 2014.

At Walnut Hill and Audelia Road, the redevelopment of an old shopping center has been a boon for both the property owners and homebuyers who’ve snapped up new houses in the project.

Willingham Property tore down a big chunk of the more than 40-year-old White Rock Place shopping center to develop more than a dozen lots for custom home builders.

Builder Chad Senn with Nobility Homes is one of three residential construction firms putting up the project’s houses, which started at more than $600,000.

David Weekley Homes is about to develop another Lake Highlands community on more than seven acres on Plano Rd. just north of Northwest Hwy. Weekley intends to build several dozen houses priced above $300,000.

Prescott Realty, the Lake Highlands Town Center developer, intends to put in 37 home sites at Skillman and Church Rd. on property that is now partly occupied by an empty church building.

A partnership affiliated with Prescott Realty is also designing an apartment development on Skillman near Merriman Pkwy. The 370-unit luxury rental community would replace two old, vacant apartment complexes.

The redevelopment, expected to cost $37 million, would start this summer, according to the developers’ filings with the city.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20130221-dallas-lake-highlands-development-picking-up-with-new-home-and-apartment-projects.eceRead more at {Source}

 Search NewsTalk Texas