Colliers International Dallas
Listed by Colliers International Dallas
Unpriced
Allada Point - Multifamily / Medical Office Development Site
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Commercial
Square Footage 14,500
Net Rentable (SqFt) 14,500
Units 50
Acreage 1.740
Zoning Multifamily / Medical Office Development Land
Ground Lease No
50 Units Multifamily | 14,500 SqFt Medical Office / Retail
Marketing description
Entitled mixed-use density: the site is positioned for 50 multifamily units plus 14,500 SF of medical office, a shovel-ready program in one of DFW's fastest-redeveloping urban districts.
Old Town momentum: adjacent to an established comp set of luxury residential properties (The Whitlow, 420 units; Mill at Old Town, 213 units; Main & Mill Lofts, 203 units), giving a developer proven demand and a walkable live-work context.
Location and access: minutes from I-35E and SH-121, with direct reach to DFW Airport, Legacy/Plano, and downtown Dallas, supporting both residential lease-up and medical office demand.
Investment highlights
- Strong population and household base: the Lewisville trade area supports a 2026 population of 140,759, projected to grow 7% and reach 150,755 by 2030, with a median household income of $93,715.
- Rental demand: average one-bedroom rent of $1,756 and average rent of $1.99 per square foot underpin the multifamily component and Old Town's continued push toward higher-density housing.
- Anchored corridor: proximity to Vista Ridge Mall, the SH-121 retail corridor, and Lewisville's civic and entertainment core drives daytime population and essential-service demand for the medical office use.
- Employment & Business-Friendly Climate: Major employers including Medical City Lewisville, American Airlines, Bell Helicopter, and Trinity Industries anchor the area, complemented by tax incentives and pro-development policies.
Listing Contacts
Colliers International Dallas
Listed by Colliers International Dallas
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