NexPoint is advancing a significant multifamily expansion near the Cityplace tower in Dallas, with plans for two new apartment buildings along North Haskell Avenue. The projects, collectively branded as The Apron, will deliver a combined 469 apartments adjacent to the 43-story mixed-use tower.
The Apron will consist of a pair of five-story structures positioned near Cityplace. One of the new buildings is planned to include 263 apartments and more than 314,000 square feet of space. The second building is designed for 206 apartments across 235,000 square feet. Together, the two properties will add substantial new multifamily inventory to the immediate area around the tower.
According to reporting cited from the Dallas Business Journal, the estimated cost to develop both Apron buildings is nearly $100 million. Construction is expected to start in December, with completion targeted for November 2029. The long construction timeline reflects the scale of the two-building project and its role in reshaping the residential footprint around Cityplace.
NexPoint is also planning a major repositioning of the existing Cityplace tower, which it owns. The plans call for converting 27 floors of the high-rise to residential units and eight floors to hotel use. As envisioned, the conversion would leave only five floors of the building as office space, significantly shifting the tower’s use mix away from office toward living and hospitality.
The planned Cityplace project is described as a $445 million remodel. As part of the work, NexPoint intends to add an event and conference center on the ground level and on the tower’s 42nd floor. The reconfiguration would layer new amenity and meeting space into the property while aligning a large portion of the tower with residential and hotel demand.
NexPoint has controlled Cityplace for several years. The company acquired the tower in 2018 for $195.8 million. With the new Apron developments and the planned conversion of Cityplace itself, NexPoint is positioning a sizable cluster of residential units and hospitality space around a single, long-held asset in Dallas.
