East Dallas' popular Henderson Avenue retail and restaurant corridor will soon be getting a condo development.
Builder Larkspur Capital plans to build the residential building near the corner of Capitol Avenue and Henderson.
"Capitol Flats will consist of a 31-unit condominium project on three floors over a below-grade parking garage, said Larkspur partner Carl Anderson. "The units will average 1,700 square feet and will all be flats.
"The exterior of the building will consist of a unique blend of materials that results in a contemporary urban feel," Anderson said. " The interiors will include hardwood floors, quartz countertops, custom cabinetry, and Samsung Wi-Fi enabled appliances."
The condos will start in price over $400,000.
Larkspur plans to start construction on the building next year. The city approved plans for the project in August.
The development is one of the few new condo projects on the way in North Texas.
"We think that the market is ready for this type of product given the continued rise in single-family home prices coupled with the trend toward close-in urban living," Anderson said. "We plan to leverage off the significant upcoming retail development planned along Henderson Avenue."
He said the condo project should be completed in the fall of 2018.
Larkspur is building several townhouse projects in East Dallas and has a small apartment building in the works for a site on Live Oak Avenue.
While thousands of new apartments are in the development pipeline in the Dallas-Fort Worth area, builders have done few condo units. Most of the new condos have been in high-rise buildings.
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