424-Unit City Lights east of Downtown Dallas424-Unit City Lights east of Downtown Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=59712013-10-21T11:07:00Z2013-10-21T00:00:00Z

DALLAS - Construction has started on the 424-unit, luxury apartment community called Elan City Lights at Dallas’ City Lights development, on the eastern edge of downtown.

Apartment developer Greystar recently bought the four-acre vacant tract at Live Oak St. and Good-Latimer Expy. Construction costs on the five-story apartment complex are estimated at $40.1 million, according to state filings. The first units in the development will be ready in late 2014.

Greystar acquired the property out of bankruptcy. The previous owners — starting in 2004 — hoped to construct a $175 million complex that included a grocery-anchored shopping center, high-rise residential buildings and a hotel just two blocks from a commuter rail station. That development never got off the ground.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2013/10/construction-starts-on-city-lights-project-east-of-downtown-dallas.html/Read more at {Source}

 Search NewsTalk Texas