DALLAS - Developers have broken ground on the second phase of a half-billion-dollar North Dallas project.
Provident Realty and Kroenke Holdings have started three more buildings in their Preston Hollow Village at the northwest corner of North Central Expressway and Walnut Hill Lane.
The second phase of the 42-acre project will include more than 500 apartments and retail space.
Provident Realty CEO Leon Backes said the apartments — which will take about 22 months to build — will have a wide variety of rental units, as large as 1,700 sf. The smallest apartments will start at more than $1,500 a month.
The initial construction — which started opening earlier this year — includes a 46,000-sf office building and more than 60,000 sf of restaurant and retail space, including a Trader Joe’s grocery store.
Tenants in the retail center include Blue Sushi Sake Grill, Modmarket restaurant, Frost Gelato, VertsKebap and Orange Theory Fitness.
The next phase of the development will include a public plaza with a water feature. A park of more than three acres also will be constructed north of the new apartment buildings.
Future phases of Preston Hollow Village are planned with more apartments, townhouses retail and office space.
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