More than $1.5 billion in projects in the pipeline in Dallas Uptown district

If youre counting cranes, more of them are perched over construction sites in Dallas Uptown neighborhood than anywhere else in North Texas.

Sure, all the buzz about Toyota Motors move has got the folks up in Plano excited, but if you want to see an honest to gosh building boom, drive to Uptown.

In the area stretching between Victory Park and CityPlace, the number of projects just keeps growing.

This week, construction crews broke ground on a 23-story apartment tower off McKinney Avenue. The residential high-rise will front on Maple Avenue next door to the Federal Reserve Bank of Dallas. The project is developer StreetLights Residentials second high-rise apartment building in Uptown and will open late next year.

The 212-unit high-rise is one of five apartment towers being built in Uptown. At least a couple more are in the works.

Forget low-rises

With the best building sites now selling for more than $250 per square foot, you wont see low-rise apartments started in Uptown.

Developers are scrambling to find enough building sites. Theres even a nine-story apartment block being built on top of the parking garage at 1900 Cedar Springs Road, at Harwood Street.

On June 19, ground will be broken on the vacant block next door, between Olive and Harwood streets, for a 20-story office tower.

Crescent Real Estate is starting work there on the 530,000-square-foot high-rise, called McKinney & Olive and designed by award-winning architects Pelli Clarke Pelli.

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More than $1.5 billion in projects in the pipeline in Dallas Uptown district