Three hundred more high-end apartments are coming to the Fort Worth Avenue area.
Trammel Crow Residential is buying the old Mission Motel on West Commerce with plans to build 300 apartments and 14,000 square feet of retail space on the site.
The developer’s 167-unit apartment complex on Greenbriar Lane, between Beckley and the Houston Street Viaduct, opened earlier this year and has done better than expected, according to the Dallas Morning News.
Trammel Crow Residential’s senior managing director Steve Bancroft told reporter Steve Brown, “We are big believers in that market and think that it will only get better over time.”
The Mission Motel made the Old Oak Cliff Conservation League’s architecture at-risk list in 2012. Preservation Dallas listed it among the city’s most endangered historic places in 2007.
This addition to Fort Worth Avenue/Commerce, brings a total of at least 1,300 new apartments planned or under construction in that area.
The 201 apartments at Sylvan Thirty already are for lease for $875-$2,725 and are expected to open as soon as next month.
Sylvan Thirty developer Brent Jackson also could build as many as 250 apartments on an adjacent property.
Henry S. Miller Co. plans to build 318 apartments near the Belmont Hotel.