An apartment builder that’s finishing up a high-rise on the edge of Highland Park is ready to kick off two more projects.
Mill Creek Residential Trust is completing its Modera Katy Trail tower on U.S. Highway 75.
And the developer plans to break ground in the coming weeks on a downtown Dallas apartment high-rise and a retail and rental community near White Rock Lake.
The two new projects — plus another in West Dallas — build off their access to public parks and trails.
Mill Creek’s planned 16-story downtown Dallas tower at St. Paul and Wood streets is a block away from where construction is underway on Harwood Park, an almost 4-acre green space being built on the east side of downtown.
“Our building will benefit most from what Harwood Park will do,” Mill Creek senior managing director Michael Blackwell said. “Our site sits right in the middle of where all these public and private projects have happened.
“It’s created an environment from an urban living perspective that feels a lot like the mature markets we have been working in for a long time.”
The half-block building site is between AT&T’s new Discovery District and the East Quarter mixed-use development being built on the eastern edge of downtown. The Farmers Market is just a few blocks away.
Mill Creek is developing the building in partnership with Dallas’ Hamilton Properties.
“The design of the project fits exactly with Hamilton’s goals of embracing and adding vibrancy to the street with a dynamic corner restaurant space, engaging street-level amenities and apartment homes with balconies wrapping the project from the second floor all the way to the 16th floor along Wood, St. Paul and Young streets,” Hamilton Properties’ Ted Hamilton said.
The 333-unit Modera St. Paul apartment tower will take more than two years to build. It was designed by WDG Architecture, and Portland-based Vida Design is doing the interiors.
“On St. Paul Street, we have the two corners that are for retail,” Blackwell said. “We are activating that entire stretch of St. Paul.
“I feel like there is remarkable opportunity for this building right in the heart of our city.”
At the same time Mill Creek is starting the downtown building, it is breaking ground for another rental community just south of White Rock Lake. Located at East Grand and Gaston avenues, the mixed-use project connects to the Santa Fe Trail.
The six-story, 285-unit Modera Trailhead apartment building has a large area for retail shops and restaurants on the ground level facing the trailhead.
“We are talking to potential retail and restaurant tenants, and the response to that has been very encouraging,” Blackwell said. “We are trying everything we can do to activate the area along the trail.
“We want to create this unique place.”
Dallas architect GFF designed the building, working with landscape architect TBG Partners.
Mill Creek is already developing another rental community in West Dallas that will be connected to a new riverside park. The Modera Trinity building on Beckley Avenue just east of Commerce will have just over 200 apartments.
“We lifted the building up to levee level — the swimming pool and most of the units look over the levee” toward downtown.
“On the Beckley side, we bought the apartments all the way down to the street,” he said.
WDG Architecture designed the project, which will be connected to the Trinity Overlook Park.
“We will deliver the first units next year,” Blackwell said.
The builder is completing the Modera Katy Trail apartment high-rise on the west side of U.S. 75 just south of Mockingbird Lane.
The 14-story residential tower has 217 luxury rental units and is on the eastern edge of Highland Park.
“We are substantially complete on the building, and leasing has gone well,” Blackwell said. “That’s the first high-rise building we’ve done in Dallas and a source of inspiration for what we are doing downtown.
“People in the building are excited to live on the Katy Trail and have an attachment to the Park Cities and the M streets,” he said. “We are getting more established adults and a few students from SMU.”