KC Turtle Creek Owner LLC Purchases 1.28 Acre Development Site From Bill Y Bob Partners LLC In Dallas

The property involved in the transaction is a 1.28-acre development site located at 3601 Cedar Springs Road in Dallas, TX. This asset is situated in the Turtle Creek/Oak Lawn area and benefits from flexible zoning for multifamily, office, or hotel development. It allows for a height of up to 240 feet and offers a floor area ratio (FAR) of 4.5:1, making it suitable for high-density redevelopment.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Buyer: KC Turtle Creek Owner LLC
• Seller: Bill Y Bob Partners LLC
• Brokers: Jonathan Carrier, Michael Swaldi, Jody Thornton & Adam McDaniel - JLL

JLL Capital Markets facilitated the sale of the development site, representing the seller, Bill Y Bob Partners LLC, in the transaction. The transaction highlights the interest in prime development locations within one of Dallas's established submarkets, reflecting a strategic move by the buyer, KC Turtle Creek Owner LLC.