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Developer plans 40-story apartment tower on high-profile downtown Dallas site
Steve Brown
June 3, 2016

The ultra high-rise residential building would sit next door to Dallas’ landmark Fountain Place tower at Field Street and Munger Avenue.

Chicago-based apartment developer Amli Residential is eyeing the project, which would be built on land now used for surface parking.

“We don’t have anything to share at this time; we are very early in the process,” said Amli’s Taylor Bowen.

If the development gets off the ground, it would be Dallas’ tallest apartment tower and loftiest residential high-rise since the 42-story Museum Tower condo building opened three years ago.

“I just think this is another indication of what’s going on in downtown Dallas,” said John Crawford of the economic development group Downtown Dallas Inc.

“There is a lot of interest in new residential in the downtown area.”

More than a dozen high-rise apartment projects are in the works in downtown and Uptown.

And more than 6,600 rental units are under construction in central Dallas.

The land was originally planned for a twin tower to the green glass, rocket-shaped skyscraper that was built in the 1980s.

Ross Perot Jr.’s Hillwood Urban owns the former Bank of America motor bank property just north of the property Amli is considering.

Hillwood Urban has designed an almost 50-story office tower for that block.

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