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Flora Lofts soon to bloom after stallingFlora Lofts soon to bloom after stallinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=161312017-03-24T05:00:00Z2017-03-24T22:40:00Z

​​​DALLAS – For years, thanks in large part to technicalities and roadblocks thrown up by Dallas City Hall, Flora Lofts stalled. A project that was supposed to have opened its doors by late 2015 remains unbuilt. 

A vote by the Dallas City Council has jump-started the moribund project. The developers now expect to begin work by July 2017, with March 2019 penciled in as the opening date.

When completed at the intersections of Flora and Pearl streets, Flora Lofts will offer 43 affordable units. 

Units will be between 626 and 876 sf and priced between $598 and $769.

Flora Lofts will sit at the base of a completely separate 364-unit high-rise luxury apartment tower called Atelier. 

It will also house seven market-rate units: seven two-bedrooms and two three-bedrooms, each around 1,600 sf with rent averaging around $4,400 a month. 

Flora Lofts, which comes with a nearly $25 million price tag, will also include around 10,000 sf of much-needed ground-level retail in an Arts District bereft of such amenities; there will also be some 100 public parking spaces.​
Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
http://www.dallasnews.com/news/dallas-city-council/2017/03/22/arts-district-deal-long-planned-flora-lofts-finally-set-become-reality

​W​ant more data? See DFW Multifamily Market Research. 

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