Project News / Commercial
Dallas Approves $800 Million Preston-Royal High-Rise Development
The three-tower project at Preston Road and Royal Lane would add apartments, condos, a 150-room hotel and 200,000 square feet of offices on a site vacant since the 2019 tornado.
The Dallas City Council has approved a zoning change for an $800 million, three-tower mixed-use development at Preston Road and Royal Lane in Preston Hollow, voting 9 to 6 on Tuesday night after the developers agreed to cap the buildings at 199 feet.
The joint venture of Burk Interests, led by Leland Burk, and Greenway Investment Co., led by Gerald Stool, plans 177 apartments, 49 condominiums, a 150-room hotel, 200,000 square feet of office space, 23,000 square feet of restaurants and 10,000 square feet of retail on about 7 acres at the southwest corner of the intersection. The site was previously limited to 54 feet.
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