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Texas

Alamo Manhattan eyes $130M resi tower in Uptown Dallas

31-stories, more than 300 units, 36K sf of retail around Turtle Creek

Alamo Manhattan's Matt Segrest and a rendering of the Fairmount Tower
Alamo Manhattan's Matt Segrest and a rendering of the Fairmount Tower (Alamo Manhattan)

Alamo Manhattan’s next act in Uptown Dallas will be a $130 million apartment complex in the Turtle Creek area.

The Dallas-based developer, led by president Matt Segrest, expects to start construction on the Fairmount Tower this fall, the Dallas Morning News reported. The luxury development, bounded by Fairmount and Wolf streets, is expected to rise 31 stories and include over 300 units.

Fairmount Tower is also slated for about 3,600 square feet of ground-floor retail, according to the firm’s website. Amenities will include a resort-style pool, dog park patio on the 13th floor and a large resident lounge and covered patio on the 29th floor. 

Alamo Manhattan has tapped WDG Architecture to design the apartment, and it should open in late 2025, the outlet said. 

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The tower will replace small commercial buildings currently on the property. Alamo Manhattan also developed the new Marriott Dallas Uptown Hotel across the street, which opened in 2021. The 14-story, 255-room hotel features a ground-floor restaurant, coffee shop, pool deck and 13,000 square feet of meeting space.

Two other high-rises are in the works near the Fairmount Tower site. Fort Worth-based Crescent Real Estate recently started a 31-story, 177-unit apartment tower at 2811 Maple, and Houston-based Hines is building a 21-story apartment high-rise as part of a redevelopment of the historic Maple Terrace building.

Alamo Manhattan’s Dallas portfolio includes the 263-unit Moda apartments in Victory Park; the 192-unit Monaco in Uptown;  and the Stella,  a 210-unit apartment, also in Uptown.

—Quinn Donoghue

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Alamo ManhattanMatt Segrest
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apartmentDevelopmentHigh-rise