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    High-Rise News

    New development in Uptown Dallas will embrace beautiful old building

    Teresa Gubbins
    Jun 16, 2021 | 5:02 pm
    Maple Terrace
    A century-old building will be restored.
    Courtesy rendering

    Construction has begun on Maple Terrace, a new mixed-use development in Uptown Dallas that will be home to a Chicago-bred steakhouse, along with office space, luxury apartment building, and various outdoor amenities.

    The project is from Hines, an international real estate firm, along with partners Mitsui Fudosan America and McNair Interests, and is anticipated to open in 2023.

    The centerpiece will be Maple Terrace, a century-old apartment building at 3001 Maple Ave. that has housed celebrities such as Judy Garland, Dean Martin, Elvis Presley, and Liza Minnelli. Hines bought the building in 2020 from Dallas-​based Exxir Capital, which had been the owner since 2010.

    The 1925 seven-story building will be carefully restored by Dallas-based architects, 5G Studio Collaborative, while two new glass-encased levels will rise behind it, with an open-air rooftop lounge and terrace and a nine-story glass curtain wall system that overlooks a 9,000-square-foot urban garden.

    Hines Managing Director Ben Brewer says in a statement that the company is honored to reimagine this Dallas landmark into a multi-faceted Uptown destination.

    "Maple Terrace's timeless architecture will be celebrated and merged with state-of-the-art design, luxury amenities and dining options to create a place for everyone to experience," Brewer says.

    The Offices at Maple Terrace will feature spacious floor plans complete with ceilings up to 17’ and amenities such as a lobby lounge and library bar, fitness center, boardroom, Trackman golf simulator, valet parking, and lush green spaces, including a park and a special events garden lounge.

    The location also offers walkable access to restaurants, retail, and hotels, as well recreational sites such as the Katy Trail and Reverchon Park.

    Adjacent to The Offices will be The Residences at Maple Terrace, a 22-story residential tower with 345 luxury apartment homes ranging from 601 to 2,879 square feet, and its own set of amenities that include a fitness center, pool deck, outdoor dog park, and 22nd floor conservatory and rooftop terrace. Parking will include a partially subterranean, seven-story garage.

    Maple Terrace will also be home to Maple & Ash, the steakhouse from Chicago hospitality group What If Syndicate, with plans for an additional restaurant forthcoming.

    Hines Director Corbin Eckel says that "Maple Terrace presents a unique opportunity to create an all-encompassing live, work and play destination in the heart of Uptown."

    "Delivering future-proofed, sustainable, buildings has been deeply rooted in the firm's DNA for six decades, and we’re honored to be able to preserve the legacy of Maple Terrace, while bringing a modernized experience that’s relevant for hopefully another 100 years," Eckel says.

    uptown
    news/real-estate

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    REAL ESTATE NEWS

    More Dallas homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 12:29 pm
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of Houston homeowners are bcoming "accidental landlords"

    Dallas homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 3.4 percent of its local for-sale listings recently converted to rentals, making Dallas the eighth-worst U.S. city for the market trend.

    In Texas, three cities rank higher than Dallas: Austin (4.1 percent), Houston (4.2 percent), and San Antonio (3.9 percent). Seven of the top 10 metros are in Texas or Florida. Denver (4.9 percent) ranks as the No. 1 city for the trend.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    The 10 U.S. Metros with the highest share of accidental landlords are:

    1. Denver: 4.9%
    2. Houston: 4.2%
    3. Austin: 4.1%
    4. San Antonio: 3.9%
    5. Portland: 3.7%
    6. Tampa: 3.7%
    7. Miami: 3.5%
    8. Dallas: 3.4%
    9. Jacksonville: 3.3%
    10. Nashville: 3.2%

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