Hines has brought Maple Terrace Residences, a recently delivered Uptown multifamily tower, to market and appointed JLL to handle the listing. The 22-story property comprises 345 apartments and is part of the larger Maple Terrace mixed-use complex in Dallas. JLL is marketing only the residential tower, while the office and dining components of the broader property are not included in the offering.
The Dallas Business Journal reports that the overall Maple Terrace property at 3003 Maple Ave. includes 155,000 square feet of office space and more than 15,000 square feet of dining space. These commercial elements remain outside the scope of the multifamily listing JLL is currently marketing. The residential tower stands behind the historic Maple Terrace structure, which anchors the site.
Hines acquired the historic Maple Terrace property in 2020. Construction started in 2021 on a program that involved converting the roughly 100-year-old existing building into office space while simultaneously developing the new Maple Terrace Residences apartment tower behind it. The multifamily tower subsequently opened in 2024, adding a modern residential component to the mixed-use destination along Maple Avenue.
According to the reporting, Maple Terrace Residences is currently 95.6% leased, reflecting strong occupancy for the newly opened building. The tower offers more than 28,000 square feet of amenities for residents, although specific amenity types are not detailed in the source. The property’s nine penthouses are fully occupied, with an average rent of $15,145, underscoring the building’s positioning at the upper end of the local rental market.
The apartment tower is located in Uptown, a district identified in the source as experiencing substantial growth. The area is described as benefiting from the city’s expanding “Y’all Street” financial district, which is contributing to broader activity in this part of Dallas. Maple Terrace Residences, as part of a larger mixed-use complex that includes office and dining space, is positioned within this growing urban environment.
While the article notes that JLL is marketing the property on behalf of Hines, it does not disclose pricing guidance, anticipated buyer profiles, or a projected timeline for a potential sale. No additional details are provided about the capital structure of the project, the terms of any existing financing, or future plans for the office and dining components that are excluded from the current listing. The focus remains on the stabilized multifamily tower and its performance metrics since opening in 2024.
