Cover2 Capital is moving forward with plans for a new luxury apartment tower known as The Savannah, a 20-story project slated near the border of Highland Park. The planned high-rise is expected to represent approximately $100 million in development cost and will be positioned at the upper end of the local apartment market, according to published reports.
The Savannah is being designed as a low-density, high-finish community, with only 100 units spread across the 20-story tower. Units are projected to average about 1,800 square feet, signaling a focus on larger floor plans rather than maximum unit count. The building will offer a mix of one-, two- and three-bedroom residences, capped by three penthouse apartments for renters seeking the highest level of space and views within the project.
A rooftop pool is planned as one of the project’s key amenities, aligning the property with the luxury segment of the multifamily market. Rents are expected to be at the high end of the range for the area, reflecting both the location near Highland Park and the emphasis on larger, upscale units. The combination of unit size, limited density and top-floor penthouses positions the property toward renters by choice who prioritize space and finishes over smaller, more commodity-style apartments.
Construction on The Savannah is scheduled to begin in late 2027, with the development timeline anticipated to span roughly 30 months from start to completion. That schedule would place delivery several years out, allowing time for design finalization, contractor mobilization and pre-leasing efforts once vertical construction advances. No additional details on the project’s financing structure or lenders were disclosed in the available information.
Cover2 Capital, the firm behind The Savannah, targets multifamily and mixed-use development opportunities across the Dallas-Fort Worth region. According to the company’s website, its strategy focuses on locations supported by strong demographics, durable demand drivers and the potential for long-term neighborhood value creation. The firm reports that it has developed more than 11,000 multifamily units to date and has overseen approximately $2 billion in total development value, underscoring a track record of scale in the sector.
The Savannah continues that focus on high-quality multifamily projects in established demand corridors, with the near-Highland Park setting and luxury orientation aimed at capturing a segment of renters seeking larger, amenitized residences. As plans progress toward the late-2027 construction start, the project will add a notable new luxury tower to the regional multifamily development pipeline.
