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Downtown Development

Klyde Warren Park to get companion mixed-use high-rise in downtown Dallas

Jennifer Chininis
Jan 8, 2015 | 11:59 am

More high-rise development is in the works for the Dallas Arts District, courtesy of Trammell Crow Company and joint venture partner MetLife. Dubbed Park District, the 916,000-square-foot mixed-use project will include an office tower, luxury residential tower, ground-level retail, below-grade parking and a plaza.

The project, designed by Dallas-based HKS Architects, will sit on the 3-acre parcel between Pearl Street, Olive Street and Klyde Warren Park. Speaking of KWP, the landscape architecture firm responsible for the park’s award-winning design, the Office of James Burnett, will handle the design of Park District’s plaza.

Building is expected to start this year.

The 19-story Park District Tower on Pearl will feature more than 500,000 square feet of office space and 9,000 square feet of retail at the base. Expect multiple outdoor terraces, state-of-the-art fitness facility and a grand lobby with “luxury hotel-like space” for informal meetings.

As for the residential part, Trammell Crow Company’s residential subsidiary, High Street Residential, will develop the 32-story Residences at Park District on Olive. It will have approximately 255 residential units and 13,000 square feet of retail space fronting Klyde Warren Park. Residents will have access to an amenity deck with a pool overlooking KWP, fitness center, valet and concierge services. Second-level retail design will take cues from the architecture of the office building with a signature cantilever, providing ground-level shade and views of the park.

The overall design of Park District will emphasize its connection to Klyde Warren Park, with wide sidewalks, park-like landscaping and walkable plaza. The vast majority of the office, residential and visitor parking will be located underground so as not to interfere with the existing fabric of the neighborhood.

“Park District will be a one-of-a kind project that will further connect the Arts District, downtown, and Uptown, providing tenants, residents and the public a unique way to experience Klyde Warren Park and the city,” said Scott Krikorian, senior managing director with Trammell Crow Company’s Dallas-Fort Worth Business Unit, in a release.

“This project began almost 10 years ago when we bought a small well-located parcel of land in Uptown,” added Kurt Day, director and regional head of real estate in MetLife’s Dallas office. “Uptown’s evolution and the effects of Klyde Warren Park over the last few years have been exciting, and we think Park District will raise the bar to the benefit of Uptown residents and workers.”

unspecified
news/real-estate

living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
real estate rent rent prices apartments affordability reports
news/real-estate
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