The future site of Kessler Bluffs, the build-to-rent community from Larkspur Capital. Photo by Rachel Stone
A stretch of Fort Worth Avenue just west of Sylvan cuts a striking figure for drivers on Interstate 30.
It’s one of a couple of developments currently reshaping West Dallas.
This is not more apartments, but it is a rental development of single-family homes.
Larkspur Capital has cleared 8.5 acres for its Kessler Bluffs, planned as 146 “build-to-rent” residences.
Build-to-rent communities are a trend returning to the homebuilding industry, “as homeownership in the country is currently below 66% and is expected to keep declining during the next 20 years,” according to the National Apartment Association.
Fort Worth Avenue is among the most “apartment crazed” neighborhoods in Dallas, according to RentCafe. And that’s in Dallas, the No. 1 city for apartment building for several years in a row, and at a time when more apartments than ever are being built in the United States.
This part of West Dallas also has become one of the most expensive neighborhoods to rent an apartment in Dallas.
Meanwhile, on Singleton
Multiple one-story buildings met the bulldozer last year to make way for new development
We don’t know much about it, but it is adjacent to, and from the same developer as, Cypress at Trinity Groves. With this acreage going skyward, it fills out the block between the former concrete plant and Ray’s Hardware and Sporting Goods.
Here’s what it looked like recently.
Here’s what it looked like when it was under demolition.
