Uptown acre sells for $375 per sf

​​​​​​​DALLAS – A prime Uptown property has been sold to apartment developers at one of the highest prices yet for the area—close to $375 per sf.

San Antonio-based Kairoi Residential and Chicago-based investor RREEF bought the just-over-one acre​ on Maple Ave. across the street from the Crescent.

Kairoi​​, which formerly operated as Lynd Residential, is planning a high-rise apartment project on the site that would be built in partnership with RREEF.

The vacant half block was formerly the site of the Old Warsaw restaurant. ​The lot is one of the few vacant high-rise development sites available in Uptown.