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Maturity pays off as The Katy comes up in DallasMaturity pays off as The Katy comes up in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=152662016-11-22T06:00:00Z2016-11-22T23:30:00Z

DALLAS – A new apartment community being built on the edge of Highland Park is after a different renter than the typical Uptown crowd.

A new community on Cole Ave., called The Katy, will open summer 2017 with 215 rental units.

Located a block from Dallas' popular Knox St. retail district and on the city limits of Highland Park, the seven-story building fronts on a large courtyard and will have access to the adjacent Katy Trail.

Units will average about 1,300 sf.

A dozen three-bedroom apartments in the building will average almost 2,400 sf. 

The smallest units will start at about $2,500 a month, and rent will range up to $10,000 for large apartments with terraces on the top floor.

About 30 percent of the renters of new apartments in urban areas including Uptown are 50 and older, leasing agents say.

Developers are building larger apartments to appeal to these mature renters.

Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
http://www.dallasnews.com/business/real-estate/2016/11/17/apartment-block-going-next-highland-park-usual-uptown-renter

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