October 5, 2023
The dirt is finally flying on one of East Dallas’ largest development sites.
The more than one-block property at Live Oak and Bennett Streets east of downtown has been vacant for over a decade.
Ground has now been broken for a 327-unit apartment community called The Flynn at Live Oak. The five-story rental community is a project of Chicago-based Conor Commercial Real Estate and will fill the last primary development site along that stretch of Live Oak between downtown and Lakewood.
“The Flynn at Live Oak will serve the growing demand of young professionals who want to live in East Dallas,” Conor Vice President Jason Young said in a statement. “We expect the building’s level of sophistication and abundant amenities will be well received in the market.”
The apartment project is being built in partnership with Globe Corp. and Origin Investments. Wintrust Bank provided construction financing. Jones Lang LaSalle arranged the funding. Dallas’ Merriman Anderson Architects designed the apartments.
Cadence McShane Construction is the general contractor for the project, which is scheduled to open in spring 2025. The new rental community will include a coworking space with private offices, a grab-n-go mini-mart, and a dog park.
Developer Conor Commercial Real Estate is a unit of The McShane Cos., which has offices in North Texas, Phoenix, and Irvine, Calif. It has a track record of building apartments and industrial, office, and healthcare properties. Its regional office is in Addison.
The Live Oak development site was previously occupied by older apartment buildings that had been demolished more than ten years ago. Over the years, proposals for the property included a supermarket and townhomes.
The area around the apartment site sees multiple townhouse projects and apartments being constructed.