Crescent Real Estate’s residential tower is on the way on Maple Avenue.
Developers are moving ahead with plans for a new Uptown Dallas residential tower.
Crescent Real Estate has been working on the project since 2018 on Maple Avenue near Cedar Springs Road.
The 30-story 2811 Maple tower would be built between the landmark Stoneleigh Hotel and the Crescent complex.
Dallas architects GFF designed the residential tower, which will cost more than $100 million.
Crescent Real Estate is starting work on the more than 300,000-square-foot building and plans to finish it in 2024, according to planning documents filed with the state.
The high-rise with more than 200 large rental units will replace older commercial buildings on the site. The masonry, glass and metal tower will have a third-floor pool deck and underground parking.
The Maple Avenue project will add to Crescent Real Estate’s holdings in Uptown.
Last year, a fund created by Crescent paid an estimated $700 million to acquire the huge Crescent office and retail project at Cedar Springs and Pearl Street. And Fort Worth-based Crescent built the Olive & McKinney office and retail tower on McKinney Avenue. Crescent Real Estate also owns the recently remodeled 2401 Cedar Springs office building.
The developer’s 2811 Maple tower is the third new residential building on the way along that stretch of Maple Avenue.
Houston-developer Hines is adding an apartment high-rise next to the historic Maple Terrace building at Wolf Street. And San Antonio-based Kairoi Residential is building a new apartment community across the street from the Crescent on Maple.