Major Development in Dallas Enters Phase II Construction

Many HBWeekly subscribers in the Dallas construction market seeking residential building leads and commercial construction job leads have been following the building activity of Preston Hollow Village, at the corner of Walnut Hill and North Central Expressway, with tremendous interest.

The development has been under construction since August of last year. Currently, office and retail projects are underway at Preston Hollow Village. The retail center will be anchored by a Trader Joe’s grocery store, and Frost Bank will anchor the office park. Within the next 60 days, the 42-acre development will begin Phase II of its construction, adding 508 rental units to the complex. The residential component will be comprised of three 7-story apartment buildings.

The residential units will feature landscaped courtyards, a resort-style pool with open-air loggia and swim-up bar, a fitness center as well as a club house with a greatroom, outdoor and gourmet kitchens, a private dining room, a movie theater, and an arcade and virtual golf facility. Each building will cater to a specific demographic, ranging from young professionals to empty-nesters.

Phase I of the project included the 14,000 sq. ft. Trader Joe’s store, 61,000 feet of retail space, and the 3-story, 46,000 sq. ft. Frost Bank office building, all of which wraps around a multi-level parking garage. Gensler, an international architecture firm, designed the retail and office construction of Preston Hollow Village. Ziegler Cooper Architects of Houston were brought on to design the residential portion of Preston Hollow. The buildings will feature sleek, contemporary styling in a mixture of brick, stone, and glass, as well as green spaces, patios, and outdoor dining.

Preston Hollow Village sits on the site formerly occupied by Willow Creek Apartments, an aging rental housing complex demolished in 2008. Due to the severe economic downturn, the expanse remained vacant until last year, when new investors stepped in. Kroenke Holdings of Missouri purchased the property in 2010, and retained Provident Realty Advisors, Inc—the site’s original developers–to develop the property.

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