{"id":370986,"date":"2026-07-13T11:27:09","date_gmt":"2026-07-13T11:27:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/370986\/"},"modified":"2026-07-13T11:27:09","modified_gmt":"2026-07-13T11:27:09","slug":"former-smu-football-player-plans-to-develop-luxury-dallas-tower","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/370986\/","title":{"rendered":"Former SMU football player plans to develop luxury Dallas tower"},"content":{"rendered":"

Blake Poston, founder of Cover2 Capital<\/a>, said his company hopes to begin construction on The Savannah, a high-rise at McKinney Avenue and North Central Expressway, in late 2027. Poston said in an email that he expects the project will take 30 months to build and that construction costs are expected to exceed $100 million.<\/p>\n

\u201cWe are still early in design and predevelopment efforts,\u201d said Poston, a Highland Park High School graduate who played defensive back for SMU. \u201cWe are currently working through the city\u2019s development review process as the design continues to evolve.\u201d<\/p>\n

The tower is expected to have 100 luxury rental residences at an average of 1,800 square feet. The Savannah will have a mix of one-, two- and three-bedroom units, including three penthouse apartments. Pricing hasn\u2019t been determined, but Poston said he expects the rents to be similar to other luxury properties nearby like The McKenzie, The Lora and The Galatyn.<\/p>\n

Cover2 Capital will serve as the project\u2019s developer. The group\u2019s design team currently includes ZDS as the architect of record. Additional partners will be announced at a later date.<\/p>\n

The land is owned by Austin-based Halebian Investments, and Poston said his company is under contract to buy the two parcels.<\/p>\n

\u201cOur goal is to deliver a timeless residential building that complements the character of the Knox Street neighborhood. Rather than maximizing density, we are intentionally designing a boutique community with larger residences, elevated amenities, concierge services, and a rooftop amenity experience that will be one of a kind for this location,\u201d Poston said.<\/p>\n

The project is the latest from Cover2 Capital in North Texas. The firm is behind Wheelhouse, a $59 million mixed-use project<\/a> in North Richland Hills, and plans to build Greerhouse, a garden-style apartment development in Anna.<\/p>\n

U.S. apartment construction starts dropped\u00a0to about 55,000 units<\/a> in the first quarter of 2026, a 73% decrease from the peak reached in early 2022, according to data\u00a0from real estate firm CoStar.<\/p>\n

The number of units under construction nationwide was roughly 579,000 in the first quarter of 2026, down more than 50% from its peak in early 2023. Dallas-Fort Worth has the nation\u2019s second-largest apartment construction pipeline, trailing only New York City.<\/p>\n","protected":false},"excerpt":{"rendered":"Blake Poston, founder of Cover2 Capital, said his company hopes to begin construction on The Savannah, a high-rise…\n","protected":false},"author":2,"featured_media":370987,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[102,104,103],"class_list":["post-370986","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-dallas","tag-dallas-headlines","tag-dallas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/370986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=370986"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/370986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/370987"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=370986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=370986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=370986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}