The housing stock in Dallas is poised to increase to the tune of 210 luxury condominiums at Seventh Street and Zang Boulevard.
When Alamo Manhattan developers Matt Segrest and Wade Johns embarked on the Victor Prosper project in 2015, it looked like an uphill battle that might not end well.
The developers were patient and did community engagement right, hosting public meetings, taking feedback, and incorporating suggestions from the residents who call Bishop Arts home.
The public meetings went from hostile to cheering with a standing ovation, resulting in the first phase of Victor Prosper, a 216-unit condo development funded in part by $11.25 million in tax increment financing. It’s one of the largest TIF awards in Dallas history for multifamily development, Johns said.
Phase Two of Victor Prosper
The Alamo Manhattan team broke ground Tuesday on Phase Two of Victor Prosper, which will keep the momentum going with market-rate housing and 9,300 square feet of commercial space.
The developers’ vision was to create a plaza at the Davis Street streetcar stop and a pedestrian-friendly atmosphere with mixed-use and a pathway down Seventh Street to Bishop Arts.
“People tell us all the time, ‘We’re so glad you restored those old buildings,’” Johns said at Tuesday’s groundbreaking event. “That’s the biggest compliment we could have. They were built to look timeless, to match the neighborhood. It’s really creating a nice architectural fabric. We think this is urban development at its best.”
Victor Prosper Phase Two
Victor Prosper apartments feature luxury finishes such as wood-style flooring, quartz countertops, designer backsplashes, stainless steel appliances, hardwood cabinetry, luxury lighting, full-size front-load washers and dryers, and 9- to 11-foot ceilings.
Amenities in the planned second phase of the development include a pool, resident lounge with an art studio, high-tech fitness center, pet-wash station, and bicycle storage and repair room. An additional public plaza along Zang Boulevard will include an outdoor seating area, according to the project description on the Alamo Manhattan website.
The project is adjacent to the Dallas Streetcar stop, which includes a large public plaza with more outdoor restaurant seating.
A Dream Team For a Bishop Arts Building
Phase Two will take about two years to complete, said Alamo Manhattan Construction Manager Wenguel Yohannes.
Andres Construction, which built Phase One of Victor Prosper, is again serving as the general contractor.
“We just love the guys at Alamo Manhattan,” said Andres Construction president Warren Andres. “This is our seventh building to build for these guys and we have two more in pre-construction. We can’t wait to get those started.”
David Hensley of HLR Architects said it was “really special” to be part of the project.
“It’s an opportunity to work with friends,” he said. “It’s really relationship-driven.”
Alamo Manhattan holds itself to a high standard of development and community engagement.
“Our approach to business is that we want to be humble,” Segrest told Daltxrealestate.com in June. “Our goal is to do something that everybody is excited about.”
By the looks of the crowd that gathered for the groundbreaking, Bishop Arts residents are happy with the work Alamo Manhattan has done in their neighborhood.
Phase One of Victor Prosper is 95 percent occupied, Segrest said.
“We’re so excited about this project,” he said of Phase Two. “We love what we’ve done for the community. We think it represents development at its best, how we did significant coordination with the neighborhood and we got these projects approved. We’re continuing with the same vision as we move forward to Phase Two.”
