A new mixed-income housing project could be approved for development in Lake Highlands as early as April.
The project, Cypress Creek at Forest Lane, would be located at 11520 N. Central Expressway and include a four-story midrise apartment building with a wrapped parking structure that would include 189 residential units, a coworking space and a dog park. At least 100 of those units would be reserved for low-income households that earn between 30% and 80% of the area’s median income.
The Dallas Public Facility Corp., a city-run nonprofit, agreed to enter into a partnership with the project’s developer, Sycamore Strategies, during its March 28 board meeting. The property where the project would be developed faces deed restrictions, which allow only office buildings, hotels, motels and restaurants to be built there. However, the corporation is able to acquire and develop land for public uses such as affordable housing.
Cypress Creek at Forest Lane has faced opposition since it was first proposed in 2021. Many community members have voiced concerns about low-income housing bringing increased traffic and crime to the area in addition to concerns about the project's effects on property values. However, others spoke in favor of the project during the recent meeting, saying it would allow students and essential workers to live in the area.
