Dallas real estate firm plans Park Cities residential projects
A Dallas real estate company targets the Park Cities area for a number of new residential projects.
The Stainback Organization is opening its first luxury rental housing project in University Park this summer. The townhouse, named The Morrow, has nearly a dozen houses and is located on University Boulevard near Preston Road.
Rents for the 1,630 to 1,750 square foot units start at more than $ 5,600 per month. The project will open in June.
The real estate company has set up its new Stainback Luxury Residential division to drive development in the area.
The Stainback Organization owns and leases more than 40 residential properties in the Park Cities and North Dallas.
“Our development strategy includes well over a handful of units distributed across the community,” said Ford Stainback, director of Stainback Luxury Residential, in a statement. “It’s a reinterpretation of University Park.
“We create modern, Highland Park-style private luxury while protecting the appearance of the neighborhoods while delivering the amenities you would expect in this area of Dallas.”
Stainback is working on other new projects on Druid Lane and Emerson and Daniel Avenues near Highland Park High School.
The Stainback Organization can look back on more than three decades of success in commercial real estate in North Texas.
The Morrow condos range from 1,630 to 1,750 square feet.(Stainback Organization)