City of Dallas Breaks Ground on Southern Dallas Mixed-Income / Workforce Community
Dallas — A new mixed-income housing and transit-oriented development broke ground Oct. 25 in Southern Dallas. The Ridge at Lancaster, spanning approximately 94 acres, will include market-rate and workforce housing options and onsite amenities.
Located at 2101 Crouch Rd., The Ridge at Lancaster will boast 300 units, 270 of which will be reserved for families earning up to 60% of the area median income (AMI). The rest of the units will be available at market rate pricing. The apartment complex will have up to four-bedroom units available.
District 8 Councilmember and Chairman of the Economic Development Committee, Tennell Atkins, played a key role in bringing this development forward. He believes that the addition of this mixed-income development will lead to other investments in the neighborhood and surrounding area.
“The City of Dallas is excited to break ground on The Ridge at Lancaster. This first phase is a $75 million investment into District 8 that will provide high-quality, workforce housing for our residents. The second and third phases of this mixed-income development will provide additional housing options for our residents in the form of market-rate townhomes as well as much needed commercial/retail space,” Councilmember Atkins said. “The total development cost is estimated to be $210 million and will serve as an economic development catalyst leading to additional investment in the community.”
This development is made possible by a partnership with the City of Dallas and LDG Development. It is owned and financed by the Dallas Housing Finance Corporation in partnership with LDG Development. This development will help to fill Dallas’ growing need for attainable and diverse housing options. Located near the Camp Wisdom DART Rail Station, residents will have transportation access to major employment centers throughout the City.
“Communities across the country are struggling to keep up with the growing demand for new housing that is close to retail and commercial amenities that families and individuals frequent on a daily basis,” said co-founder, and co-principal of LDG Development, Chris Dischinger. “This development reflects that demand while recognizing that any long-term success of an area has to include an influx of diverse housing options.”
The Ridge at Lancaster is the first phase of a three-phase development. Plans for the remaining phases of this development are currently in design. This will include 250 units of townhomes and commercial and retail spaces. Construction on the remaining phases of this development is expected to begin in July 2022.