Camden Property, developers of a number of local and national properties, is planning to build a 423 rental unit property on the parking lot just north of the American Airlines Center Arena.
The 6-acre site in Victory Park has been in development since early 2012. This will be the third rental community in the works at Victory Park. Mill Creek Residential is building a 378-unit complex southwest along Victory Avenue. Novare Group recently broke ground on a 24-story, 336-unit apartment tower between Houston Street and Woodall Rodgers Freeway. And on Goat Hill, Trammell Crow Residential have started construction on a 10-story, 365-unit apartment project called The Alexan.
These projects add up to more than 1,500 residential units within the Victory Park neighborhood.
On the eastern edge of Downtown, a development 10 years in the making is set to start construction next month. City Lights, from developers Greystar, was originally intended to include residential towers and shopping centers, with a possible hotel. At the moment, the apartment is the main focus with a "urban style" feel.