With development for the new $200 million mixed-use project dubbed West Love now getting underway, real estate all around Love Field and Dallas’ Medical District is expected to be in very high demand in the coming months and years. For now, the West Love project is slated to include a state-of-the-art 150,000 square foot office complex, two hotels, retail space, restaurants, and a 368-unit luxury apartment complex that couldn’t come at a better time. The rental market all throughout North Texas has been red hot over the past 12 to 18 months, and with job growth and increases in home prices, that trend isn’t expected to slow down anytime soon.
LA-based Highridge Partners will be responsible for developing the new apartments and retail space at West Love, which are expected to be finished sometime around the middle part of 2017. Although the initial phase of West Love will certainly transform this rapidly developing part of Dallas, reports are also surfacing about a later phase of the development will feature an additional 750 apartments.
In all, developers have either finished are are currently working to build more than 2,500 new apartments around the area between Love Field and Parkland, with many already existing buildings already getting higher rents than initially expected.