- Sycamore Development and Stratega Capital plan a $300M, 30-story mixed-use tower in Uptown Dallas.
- The project will deliver 398 residential units, including 125 mixed-income and 63 affordable units at 80% AMI.
- Market-rate and affordable housing segments will have separate entries, amenities, and ownership structures.
- Construction may begin as early as summer 2027, with completion projected for mid-2029.
Developers Target Mixed-Use Growth
Dallas-based Sycamore Development and Stratega Capital are advancing plans for a mixed-use tower at 3300 McKinney Ave, reports The Dallas Morning News. The proposed tower would rise over 30 stories in Uptown. It would total nearly 600,000 SF. The project would require $250M to $300M in investment. Developers plan to combine market-rate rentals with affordable housing. The project targets a clear gap in Uptown’s current residential supply.
Affordable Housing Component
The residential section will include 273 market-rate apartments and 125 mixed-income units. Of these, 63 units target residents earning about 80% of area median income. In 2025, that threshold equals $65,700 for a single household. Consultant Philip Kingston said this move adds rare affordable options to a high-end area. This push for mixed-income housing comes as nearby markets continue to expand rapidly, supported by strong population and economic growth across North Texas.
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Ownership and Amenities
According to project plans, market-rate and affordable units will occupy different parts of the tower, each accessed by separate entrances and offering distinct amenities. The ownership of these segments will also be split, a structure shaped by the project’s financing. Gensler will serve as the project’s architect, and ground-level improvements will enhance pedestrian appeal with wider sidewalks and new landscaping.
Timeline and Approvals
Developers will present their mixed-use proposal to the Oak Lawn Committee before seeking City Plan Commission and Dallas City Council review. Pending approvals, planning and permitting could wrap up by late winter 2026. Construction on the mixed-use tower could begin in summer 2027, targeting completion in mid-2029.
