Neighborhood: Centrally located just northwest of Downtown Dallas and directly adjacent to the booming Victory Park neighborhood, the trendy Dallas Design District extends from the iconic Margaret Hunt Hill Bridge in the South to Wycliff Avenue in the North and is currently the scene for some of the most exciting property developments in the Greater Dallas-Fort Worth MSA. Culturally, the Design District earned its name by featuring a host of art-oriented retail and recreation spaces, including showrooms, galleries, and museums. As of late, however, the District’s central location and excellent connectivity within the greater MSA has led to a wave of development interest, leading to transformational projects and a redefinition of the District itself.
New Developments: From an urban planning perspective, the Design District has lent itself well to the ambitions of the local developers. Outstanding connectivity, pedestrian-friendly, imperfectly priced yet adjacent to booming Uptown, which is commanding some of the highest real estate prices in Texas, this area was involved in a waiting game that is rapidly coming to fruition. Over the past decade, we have seen the influx of 1,584 Class A rental units across six high-profile projects, including Trinity Lofts, Alta Design District, Camden Design District, Bell Design District, AMLI Design District, and Avant. Furthermore, the market anticipates another 1,233 luxury units across five more exciting multifamily developments. These residential developments are accompanied by fine dining establishments, charming boutiques, and recreational spaces such as bowling alleys, yoga studios, and sport and gym provisions.