Vitruvian Park Block 301 in Addison, TX

Vitruvian Park Block 301 is a new construction project in Addison, Texas, featuring 304 wood-framed apartments. The development includes an attached concrete parking garage and associated amenity areas, totaling 500,000 square feet of new space. The project is situated at the intersection of Ponte Ave. and Bella Lane within Dallas County. With an estimated cost of $42,000,000, the development represents a significant residential addition to the area.

The owner and developer of record is Vpdev 2 LLC % DCO Realty INC. This entity is also responsible for two other TDLR-registered projects in Addison, including Vitruvian Park Amenity Building and Vitruvian Park Block 303. The registered accessibility specialist for this specific filing is Monica J Harris.

Timeline and Financial Context

The project was registered with TDLR in October 2026. According to the filing, construction is scheduled to begin in December 2026. The completion date listed on the registration is targeted for December 2028. This results in a scheduled build window of 731 days. For comparison, the median scheduled build window for new construction filings in Dallas County is 243 days, making this project's timeline longer than the county median.

Financially, the estimated cost of $42,000,000 places the project above the county median for its type. The median estimated cost for similar filings in Dallas County is $950,000. However, the cost per square foot for Vitruvian Park Block 301 is $84, which is below the county median of $125 per square foot. This discrepancy suggests that the project’s scale and specific construction methods influence its unit pricing relative to smaller local developments.

Location and Area Profile

The site is located in ZIP code 75001. U.S. Census ACS 2023 five-year estimates for this area indicate a population of about 16,808. The median household income in the ZIP code is $82,577, and the median owner-occupied home value is $455,800. Housing in this area is predominantly renter-occupied. The site coordinates place the project inside a FEMA Special Flood Hazard Area, specifically zone AE, which is designated as a floodway.

The project is privately funded and located on private land for private use. Dallas County unemployment rate was 3 percent in August 2026, lower than a year earlier. This economic backdrop provides context for the labor market during the construction phase. The registration status remains active with TDLR, ensuring compliance with state accessibility standards during the build process.