High-Rise Living

Maple Terrace luxury apartments at 1920s Dallas landmark are for rent

Maple Terrace Residences

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A mixed-use development in Uptown Dallas in the works since 2021 has hit a major milestone: Maple Terrace Residences, a 22-story residential tower has opened for rent at 3003 Maple Ave.

The building is part of Maple Terrace, a 3.37-acre mixed-use development anchored by the original 1920’s Maple Terrace building, whose frontpiece has been preserved. In addition to the residential building, the complex also comprises office space plus street-facing restaurant space that will be home to a Mexican restaurant and a seafood spot.

The complex is from Hines, global real estate investment manager, along with partners Mitsui Fudosan America and McNair Interests. Hines managing director Corbin Eckel says in a statement that they're thrilled to welcome their first residents to the reimagined Dallas landmark.

"Our residents will enjoy not only luxurious homes and world-class amenities but also the anticipation of two exceptional dining experiences set to open later this year, further enhancing the vibrant atmosphere of this unique community," Eckel says.

Maple Terrace Residences offers 345 apartments ranging from 601 to 2,879 square feet, designed by Dallas' GFF and featuring interiors by renowned Rottet Studio, with light-filled floor plans, European cabinetry, quartz countertops, waterfall-edge islands, and stainless-steel appliances.

Indoor and outdoor amenities include a pool terrace with skyline views and in-pool loungers, fitness center with sunset terrace and two infrared saunas, a clubroom with kitchen, media lounge, game room, golf simulator, coand -working areas.

There's more: a library, secret garden, dog park, private storage, reserved parking, in-building café, dog-washing station, and bike room.

Concierge services, valet parking, and dry cleaning are also available, while residents and office users will get exclusive access to Alfred’s, a craft cocktail bar named after Sir Alfred Bossom, the architect of Maple Terrace.

Rents start at $2,292 for the 601-square-foot studio, while one-bedrooms start at $3,742. A 2-bedroom 2-bath unit with 1,412 square feet is $4,765. The maxed-out option is a 3-bedroom, 3.5-bathroom unit with 2,879 square feet for $17,647 per month, not available until October.

Restaurants will include Doce Mesas, a Tex-Mex concept from Mico Rodriguez, opening late August; and Catch Dallas, featuring seafood, sushi, and steak

millennial magnet

Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

Photo by Vitaly Gariev on Unsplash

Dallas is one of the 15 hottest destinations for millennials.

Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

"The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

"At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

The top 10 U.S. metros with the highest gains in millennial homeowners are:

No. 1 – North Port, Florida
No. 2 – Lakeland, Florida
No. 3 – Jacksonville, Florida
No. 4 – Stockton, California
No. 5 – Oxnard, California
No. 6 – Palm Bay, Florida
No. 7 – Austin, Texas
No. 8 – Tuscon, Arizona
No. 9 – Deltona, Florida
No. 10 – San Antonio, Texas

rentcafe study real estate housing report millennials dallas