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A mixed-use residential tower could rise at a site along McKinney Avenue in Uptown Dallas.
Dallas developer Sycamore Development Partners and Dallas-based Stratega Capital plan to bring a 30-story, 398-unit development to 3300 McKinney Ave.
The proposed 568,574-square-foot tower will rise on a surface-level parking lot at the intersection of McKinney Avenue and Hall Street. The mixed-use development plans to have new retail and restaurant space on the ground floor with mixed-income housing filling 28 floors.
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The new project aims to inject more accessibility to mixed-income housing into Uptown. Philip Kingston, a legal consultant for the project, said the regulatory requirements for the proposed development are going to be more demanding than usual because of the inclusion of affordable housing. He said the team feels strongly that Uptown needs affordable units and not only developments that pay the fee in lieu of providing affordable digs.
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