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Dallas

Conor CRE starts $50M Old East Dallas apartment development

It’s Conor’s first multifamily project in DFW

Conor CRE's Jim McShane; rendering of The Flynn (Getty, Conor CRE)
Conor CRE's Jim McShane; rendering of The Flynn (Getty, Conor CRE)

Dallas-Fort Worth is weathering a deluge of apartment deliveries, but multifamily construction hasn’t stopped entirely.

Conor Commercial Real Estate started construction on the Flynn at Live Oak, a 327-unit development at 4931 Live Oak Street in Old East Dallas. It’s expected to open in 2025. 

The five-story, 500,000-square-foot project will have amenities including a dedicated co-working space and a top-floor speakeasy. 

Documents filed with the state in 2022 show the project was expected to cost $50 million. 

Addison-based Cadence McShane is heading up construction, and Dallas-based Merriman Anderson Architects is the designer. 

Less than a decade ago, the Ross-Bennett section of Old East Dallas — which is just a few blocks from the site of the Flynn — was identified as one of the city’s most violent areas. In 2016, the Dallas Police targeted the area for increased patrol. 

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With its proximity to downtown and beloved institutions like Italian market Jimmy’s Food Store and dive bar the Dallasite, the area has become a trendy pocket for multifamily development. 

Conor Commercial Real Estate is a Chicago-based developer that was founded in 1988. It has offices in Irvine, Dallas and Phoenix. 

The Flynn will be managed by Greystar, the nation’s largest apartment owner and manager.

The project will be located about a mile-and-a-half from a former Greystar-owned apartment complex that landed in foreclosure earlier this year. The Gabriella returned to Greystar’s lender, an affiliate of Ares Commercial Real Estate. The foreclosure stemmed from a $127 million mortgage on the property. 

The Gabriella is next door to the former Elan City Lights apartments, where a construction crane collapsed during a 2019 storm and killed a 29-year-old resident, Kiersten Smith. A jury awarded her family $860 million in damages in their lawsuit against Greystar, which was found liable for the accident. 

Greystar is based in Charleston, South Carolina and has 66 offices worldwide. The company owns nearly 110,000 multifamily units and manages almost 800,000 units. 

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Companies and People
Cadence McShaneConor Commercial Real EstateGreystarMAA
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DallasDFWGreystarMultifamily