Burk Interests and Greenway Investment Co. have secured zoning approval from the Dallas City Council for an $800 million mixed-use development at the intersection of Preston Road and Royal Lane. The entitlement process culminated in a 9-6 council vote, reflecting a closely contested review and revisions to the original proposal to address height concerns.
As part of the approval, the project team agreed to reduce maximum building heights from an initial 325 feet to 199 feet. The change effectively caps the project at the scale of a 17-story structure and was a key condition in gaining support from city officials. The zoning action clears a significant regulatory hurdle and allows the developers to advance planning for a multi-tower program.
The plan calls for three distinct towers combining hospitality, residential, and office uses. One tower is slated to be a hospitality-led building with 150 hotel keys and 54 condominium units, positioning the project to attract both short-term guests and for-sale residential buyers. A second component is a 200,000-square-foot office building, designed to reintroduce modern workspace to the Preston-Royal intersection.
The third tower is planned as a multifamily high-rise with 177 units, adding new rental housing to the area. The mix of hotel, condominium, office, and multifamily uses is intended to support an integrated environment with multiple demand drivers on a site that has remained underutilized for several years.
The development site has been vacant since 2019, when existing structures were demolished after tornado damage. The zoning decision enables the first major reinvestment in the property since that event, setting the stage for redevelopment of a prominent corner that has effectively been out of production for the local tax base and surrounding commercial corridors.
As a condition of approval, the developers are required to fund several local infrastructure upgrades tied to the project. These commitments include new traffic signal equipment at Preston Road and Royal Lane, an emergency vehicle traffic signal serving Dallas Fire-Rescue Station 41, and water and sewage system improvements in the immediate area. The infrastructure package is structured to address traffic management, public safety access, and utility capacity as the site transitions from vacant land to an intensive mixed-use development.
With zoning in place, Burk Interests and Greenway Investment Co. now have a framework to move the Preston-Royal project toward subsequent design, permitting, and potential capital formation phases, though specific timelines and financing structures were not disclosed.
