A $180 million luxury high-rise is set to replace half-century-old townhomes in one of Dallas’ most upscale neighborhoods, despite concerns from nearby residents about parking, traffic and construction disruption.
The Dallas City Council approved a zoning change Wednesday for the luxury residential tower. Planned at 3618 Gillespie Street in Dallas’ Turtle Creek neighborhood, the high-rise will replace a dozen multi-family townhomes dating back to 1975, according to city documents.
The project, known as the Welborn Residences, went before the city’s Planning and Zoning Commission in September. With an estimated $180 million cost, development plans detail 50 residential units and a two-story penthouse.
“We are for sale, not for lease and we look forward to bringing another kind of five-star luxury condo for sale project here for this site,” Preston Cheng, president of USA Infrastructure Investments, said at the September meeting…