Hanover adds resi tower in Turtle Creek

Why settle for one when you could have two? Hanover Co. didn’t even wait to finish its first luxury apartment tower in Dallas’ Turtle Creek neighborhood before filing plans for a second.

The Houston-based development firm that focuses on high-end multifamily is currently building the 21-story Hanover Turtle Creek Tower on Turtle Creek Boulevard and Fairmount Street. The company recently filed plans to build a second residential tower at an adjacent site, the Dallas Morning News reported.

The first tower has been under construction since last year and is slated to open in 2025. It includes 341 luxury apartments and is located at the former site of the Turtle Creek Gardens condominiums. 

An exact location for the second tower wasn’t reported. It will stand 20 stories atop 2.5 acres and include 323 apartments and a 10-story parking garage, according to the Texas Department of Licensing and Regulation. Construction is likely to begin this summer and last until 2026.

Solomon Cordwell Buenz is handling designs of the towers.

The Uptown/Turtle Creek/Oak Lawn areas have been ripe for development recently with a number of new projects in the pipeline.

Notably, construction has started on the $750 million Four Seasons hotel and condo tower at the intersection of Dallas’ Turtle Creek Boulevard and Cedar Springs Road. The building will be a development of Boston-based Carpenter & Co. and Dallas’ Perot family, and will include a 5-star hotel plus 100 to 125 condos, according to the developers.

FRC Realty has filed plans for a $95 million apartment building to be constructed just north of Turtle Creek. That 24-story tower would go up at 3515 Brown Street, just north of Turtle Creek Boulevard.

Luxury development has remained consistent across Dallas-Fort Worth as other development sectors have slowed. A number of the top priced rental listings in Dallas last year were luxury multifamily units, according to The Real Deal’s analysis of rental data.

—Erick Pirayesh