Another luxury apartment project is coming to the Park Cities, but this one is a little unique in terms of location and design.
Lang Partners is developing 52 units just east of Highland Park High School, on two lots stretching from Lovers Lane to Grassmere Street.
The three-acre complex includes multilevel apartments with surface garage parking, bisected by a pair of alleys. The two lots are on either side of Hyer Street.
It will replace the Park Lane Apartments, with the Corrigan family retaining ownership of the land and leasing it long-term to Lang after the two parties reached an agreement to redevelop the property.
“It’s been under-utilized for a long time. It’s a very old property that really needed to be updated,” said Lang Partners president Dirik Oudt. “The Park Cities is sorely lacking for quality rentals.”
The units will have more of a townhome appearance, with three stories at an average of about 2,200 square feet, thereby reducing the density by about 40 percent from the Park Lane complex.
The developer also plans to widen the existing alleys and preserve several older trees on the site.
“It’s kind of a timeless design that’s got something for everybody,” Oudt said. “The mass of the project is much more in tune with the neighborhood. It’s going to be a much more intimate living experience than what you usually see.”
Despite some concerns about parking and public rights-of-way, the University Park City Council approved the site plan in April. Construction should start this spring.
“I like the project very much,” said UP council member Taylor Armstrong. “I think it would be an asset for the neighborhood.”
Oudt said that although the complex is essentially across the street from the high school, the target market is more retirees looking to downsize than families with schoolchildren.
“I think we’re going to have a lot of empty-nesters and people who want to stay in the neighborhood but get free from their homes,” he said. “So many people want to get out from under the burden of maintaining a house.”