The construction of a new rental community in Dallas will include micro-units with approximately 350 square feet of floor space and a 72-unit lot. This initiative aims to drive down rental prices and provide an opportunity for middle and lower-class communities in Dallas to own homes, reducing homelessness.
The location of this micro-unit rental project is near Columbia Avenue, and the developers, Alex Lowe and Jon Hetzel, recently purchased the land. The developers are working closely with the Dallas Plan Commission and the National Construction Authority to ensure that the construction meets relevant safety and health standards.
Currently, the pricing and specific unit sizes have not been announced, as the project is still in the pre-planning stage. However, the target size for each micro-unit is around 350 square feet.
Micro-units have become increasingly popular in urban areas, including Dallas, where high apartment rents make it difficult for residents to secure affordable housing. These units typically range between 200 and 400 square feet in size.
Dallas does not currently have many planned rental projects with a significant number of small apartments, making this micro-unit rental community a unique addition to the city’s real estate market.
Preparation of Smaller Units Rental Housing
The developers, Lowe and Hetzel, mentioned in an email that they are still in the process of gathering information required for the project, such as exact unit sizes and estimated rents. They are focused on creating smaller units that will be affordable for residents.
The micro-unit rental community is conveniently located near the Santa Fe Trail, which connects Deep Ellum to White Rock Lake.
Chief economist Jay Parsons comments on the popularity of micro-units, stating, “Small micro-units have always been more popular than larger apartments, not just in Dallas but across America.”
This rental community will fill a gap in the Dallas market by offering smaller, more affordable housing options.
