Burk Interests and Greenway Investment Co. have been greenlit by the Dallas City Council to build an $800 million mixed-use project. The 9-6 vote was illustrative of the uphill battle the developers faced during the process. The vote came after the height requirements were reduced from 325 to 199 feet, effectively allowing a 17-story building.

The development would include three towers: a hospitality tower with 150 hotel keys and 54 condominium units, a 200,000-square-foot office building, and a 177-unit multifamily high-rise. The site at Preston Road and Royal Lane has been vacant since 2019, when it was demolished by a tornado.

Developers must fund local infrastructure upgrades, including new traffic signal equipment at Preston and Royal, an emergency vehicle traffic signal for Dallas Fire-Rescue Station 41, and local water/sewage improvements.

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