Cover2 Capital Plans The Savannah, $100M Luxury Apartment Tower Planned Near Highland Park

• Cover2 Capital is planning The Savannah, a 20-story, $100 million luxury apartment tower at 5220 McKinney Avenue, Dallas, TX, near Highland Park.
• The project will feature 100 upscale apartments averaging 1,800 square feet, including three penthouse residences.
• Construction is expected to begin in late 2027, with completion anticipated approximately 30 months later.

What the Savannah Will Bring to Dallas

Cover2 Capital is moving forward with plans for The Savannah, a luxury apartment tower that will rise near the border of Highland Park in Dallas. The proposed 20-story development is currently in the pre-development stage and is expected to represent a $100 million investment in one of the city's most desirable residential markets. Unlike many new multifamily developments that prioritize unit count, The Savannah will offer just 100 residences, creating a more boutique living experience. Apartments will average an impressive 1,800 square feet, significantly larger than the typical luxury rental in Dallas.

What Residents Can Expect

The Savannah will feature a mix of one-, two-, and three-bedroom floor plans, along with three exclusive penthouse residences designed for renters seeking high-end finishes and expansive living spaces. One of the project's signature amenities will be a rooftop swimming pool, giving residents panoramic views of the Dallas skyline. While additional amenities have not yet been announced, the project's premium positioning suggests it will target renters looking for luxury living in a prime location near Highland Park.

What the Timeline Looks Like

Construction is scheduled to begin in late 2027 and is expected to take approximately 30 months to complete. Although the exact address has not yet been released, the project's location near Highland Park places it within one of Dallas' strongest luxury residential markets, where demand for upscale housing continues to remain strong. As the project advances through planning, additional details regarding architecture, retail components, and construction partners are expected to be announced.

What This Means for the Dallas Luxury Market

The Savannah reflects continued confidence in Dallas' luxury multifamily sector despite broader market challenges. By focusing on spacious floor plans, limited inventory, and premium amenities, Cover2 Capital is positioning the development to attract affluent renters seeking an alternative to homeownership. The project also reinforces the firm's strategy of investing in neighborhoods supported by strong demographics, long-term economic growth, and sustained housing demand. According to the company, Cover2 Capital has developed more than 11,000 multifamily units and has overseen approximately $2 billion in development value across the Dallas-Fort Worth region.