Victory Park's new tallest tower will cost more than $138 million
Houston-based developer Hines has filed building permits for what would be the tallest tower in Dallas' Victory Park development near downtown.
The 39-story skyscraper will be constructed across the street from American Airlines Center arena and next door to the W Dallas Victory Hotel & Residences.
According to Hines' building permit information filed with the city, the project at 3099 Olive Street will cost more than $138 million. The residential tower will include 334 apartments and 9,500 square feet of retail space.
Hines representatives so far aren't talking about the project. But word of the huge building surfaced last month in city planning documents.
The apartment tower is to be built on a site that in 2007 was to be used for the 43-story Mandarin Oriental Hotel & Residences. But the recession hit before work on the tower began and the project never got off the ground.
Victory Park's current tallest high-rise — the 31-story W Hotel — opened next door to the building site in 2006.
Hines' tower site is one of the last vacant tracts in Victory Park and is owned by German investors who in 2009 took control of most of the project.