property

New 350-Unit Tower Transforms Dallas Rental Market at Ross Avenue

A 28-story project set for 2200 Ross Avenue will add 350 units and test rent levels across central Dallas.

By Dallas Property Desk · Published July 10, 2026

How we reported this

This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Dallas is part of The Daily Network and follows our reasonable editorial care.

Daily Network finance briefing tile, illustration, not a photograph

The Dallas City Council approved plans on July 9 for a 28-story apartment tower at 2200 Ross Avenue that will deliver 350 units starting in late 2027.

The project arrives as Dallas multifamily construction permits reached 4,800 units in the first half of 2026, up from 3,900 in the same period last year. Developers see steady job growth at nearby offices and the continued expansion of the DART light-rail network as reasons to keep building even while mortgage rates hover above 6 percent.

Local Detail and Neighborhood Effects

The tower sits two blocks from the Dallas Museum of Art and one block from the St. Paul DART station. It will also stand within walking distance of the Knox-Henderson retail corridor, where rents for ground-floor space already average $42 per square foot. Lincoln Property Company, the developer, has committed to ground-level retail space that must include at least one restaurant with outdoor seating under the city’s current zoning rules.

Market Data and Next Steps

CoStar data released in June showed Dallas central-business-district vacancy at 7.1 percent, with average asking rents of $2,340 a month for new Class-A units. The 2200 Ross Avenue building will price studios from $1,950 and two-bedroom units from $3,100. Leasing is scheduled to open in October 2027, giving existing buildings along Ross Avenue and in the adjacent Arts District roughly 15 months to adjust pricing before the new supply hits the market. Prospective renters can track updates through the city’s development-services portal or contact Lincoln Property Company leasing offices once permits are issued.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

References Sourced but Not Limited to:

Your newsroom. Shaped by you.

The Daily Dallas is in beta. AI may assist with research, summarising and drafting. Automated checks assess sourcing, accuracy and editorial risk before publication, and sensitive material is held for human review. Spotted something off, or want us covering a topic? Tell us. Your feedback is entirely optional and helps shape what we publish next.