Fifield Companies has purchased a 1.6-acre development site in the Turtle Creek neighborhood of Dallas for $20 million. The site will be used for the construction of a 24-story apartment tower, comprising approximately 180 units. This acquisition adds to the ongoing development projects in the area, which includes luxury apartment complexes and a Four Seasons hotel and condominium tower.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 3515 Brown Street
• Market: Turtle Creek
• Acreage: 1.6 acres

The buyer, Fifield Companies, led by Steve Fifield, has successfully acquired the 1.6-acre development site. The deal was facilitated by brokers Mike Kennedy and Paul Harmon of Avison Young. With this purchase, Fifield Companies plans to build a 24-story apartment tower, offering around 180 residential units. This development aligns with the ongoing growth and expansion in the Turtle Creek neighborhood, which has seen the emergence of various luxury residential complexes along with the construction of a Four Seasons hotel and condominium tower.