A prime Preston Hollow corner soon may be home to a new luxury residential community. The Dallas Morning News reports that developers are looking to raze the aged apartments that occupy the northeast corner of Preston and Northwest Highway to make way for 290 high-end rental homes.

The guys at Transwestern, the firm overseeing the project, tell Steve Brown that it’s going to be more of “Turtle Creek type project” as opposed to something you might see in other high-end areas like Uptown. Rental prices would exceed $2,000 a month

Designs include large courtyards and an underground garage (see the DMN story for a rendering). The height would reach three stories on the north side (the side that abuts the neighbors), but they’ll need a zoning change to build the eight stories that would face Northwest Highway. Upon approval, construction could begin later this year.

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