**Developers Plan $650M Mixed-Use District in Dallas’ Preston Hollow**
Burk Interests and Greenway Investment are seeking approval from the City of Dallas for a major rezoning initiative that would pave the way for a $650 million mixed-use development in the upscale Preston Hollow neighborhood. The proposed district is set to feature a 28-story hotel and condominium tower, a 24-story luxury apartment tower, two office towers, and multiple restaurants — all organized around a central green space, which will serve as the focal point of the development.
According to the Dallas Business Journal, the developers are planning structures reaching up to 275 and 325 feet in height. The hotel component is expected to include approximately 150 rooms, with fewer than 100 condominiums included in that portion of the project.
The site is located across from Central Market and has been owned by Burk Interests since 2017. If approvals are secured, construction could begin as early as 2028.
Dallas-based architectural firm GFF has been selected to design the project.
