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The investment company that purchased the former Oak Farms dairy plant near the Jefferson Viaduct released some details about the property Thursday.

Under the current zoning, a developer could build as many as 1,000 apartments, 600,000 square feet of commercial space and buildings as high as 20 stories.

It remains to be seen whether that zoning will stand, though, since the 16-acre dairy site is part of the Oak Cliff Gateway, which City Council is set to rezone this summer.

Cienda Partners bought the Oak Farms site after owner Dean Foods announced it is closing the plant in June.

Cienda is the same company that bought the former Dallas West Mobile Home and RV Park and then sold it to Wood Partners, which is building high-end apartments there.

In a media release Cienda sent out Thursday, city officials praise the company’s purchase of the property, which is on the under-construction Oak Cliff streetcar line and abuts the Trinity River.

City Councilman Scott Griggs says: “We expect Cienda’s purchase of the Oak Farms Dairy site will lead to a project that will become the catalyst for the Oak Cliff Gateway. The Oak Farms Dairy is Cienda’s twelfth acquisition within three miles of this site in the past twelve years, and we welcome their investment and vision in this neighborhood.”

Says Mayor Mike Rawlings: “I am excited about the purchase of the Oak Farms Dairy because of the site’s incredible potential to bring new mid‐rise office and residential buildings south of the Trinity River. City Council and staff are working together to find a corporate tenant to kick off this important project and help our city continue to grow south.”