Builders who're shopping for the Dallas Impartial Faculty District's longtime headquarters on Ross Avenue hope to save lots of half of the old workplace complicated.
Leon Capital Group is paying extra that $9 million for the four-acre property simply east of downtown Dallas.
The Dallas-based mostly actual property agency gained a bid for the DISD digs earlier this yr.
Now Leon Capital has filed plans with the Metropolis of Dallas for the residence group it plans to assemble on the block at Ross and Washington and Washington Avenue.
Leon Capital's plans present a 380-unit rental complicated in 5-story buildings. A 6-stage parking storage would be constructed on the south finish of the block.
A courtyard would be situated in the middle of the brand new residence complicated.
The development plan by Structure Demarest additionally consists of the present central constructing of the DISD headquarters that faces Ross.
The two-story mid-century fashionable constructing is essentially the most recognizable among the many hodge-podge of buildings constructed on the positioning in the final 60-plus years.
DISD has already moved a lot of its operations out of the Ross Avenue buildings to an workplace tower on North Central Expressway south of Walnut Hill Lane.
The college district put the old headquarters together with dozens of different "surplus" properties across the metropolis.
Leon Capital representatives didn't reply to requests for particulars of their proposal and a timeline for building.
The industrial actual property agency has executed residence developments in Uptown and close to Dallas' Victory Park.
The Ross Avenue stretch operating east from downtown has seen a giant transformation in the final 10 years, with new flats and retail.
The DISD property is one of the biggest development websites remaining in that space.