Owners of key North Dallas corner plan new apartments, Jesuit sports fields

The family that's owned a strategic North Dallas property for more than a century wants to redevelop the site.

The Daniel family hopes to tear down the 40-year-old rental homes on the northwest corner of Inwood and Forest Lane. The old townhomes would be replaced by new apartments, some neighborhood retail space and sports fields for Jesuit College Preparatory School of Dallas.

"We see it as a redevelopment opportunity that would be a betterment for the community and provide amenities for the neighborhood," said William Dahlstrom with Jackson Walker LLP who is representing the owners. "We want to do a legacy type property that would last forever."

The 30-acre property is now occupied by more than 200 townhouses and surface parking lots.

The owners are working with apartment builder Greystar, retail real estate firm Regency Centers and next door neighbor Jesuit Prep School on the redevelopment plans.

"We've owned the property since 1849," said John Daniel. "Frances Sims Daniel came in a wagon from Tennessee.

"She bought a section of land that the center of was very close to Airline and Daniel street near SMU," he said. "They bought other property and this was once a farm."

In 1972, the land was zoned for construction of the Forestwood Townhomes which have occupied the corner since then.

The property is about a block off the Dallas North Tollway and just south of LBJ Freeway.

Laird Sparks with Greystar said the plan is to build "townhome type residences.

Excerpt from:
Owners of key North Dallas corner plan new apartments, Jesuit sports fields