A joint venture of Conor Commercial Real Estate, Globe Corp. and Origin Investments is developing Flynn at Live Oak, a 327-unit luxury community in East Dallas. Wintrust Bank provided the construction loan, while JLL assisted with the capital raise.
Merriman Anderson Architects is the designer of the project and Cadence McShane serves as the general constructor. Greystar will manage the property.
The five-story building comprises 327 units with studio, one- and two-bedroom floorplans, some also including balconies or ground-floor patios. The first apartments are expected to be delivered in spring 2025.
Common-area amenities include two courtyards with a pool and lounge area, an outdoor dining space and a dog park. Residents will also have access to a fitness center, a clubroom, as well as coworking spaces with private offices.
Located at 4931 Live Oak St., the multifamily community is 2.7 miles northeast of downtown Dallas. Other nearby destinations include dining and entertainment options, with restaurants within walking distance and a tennis court 1 mile away. Fair Park is roughly 3 miles south.
Earlier this year, Origin Investments closed its Origin Qualified Opportunity Zone Fund II, after securing $300 million in equities. The fund manager is using the financing to invest in multifamily rental developments across Atlanta, Colorado Springs, Colo., Nashville, Jacksonville, Fla., and Tampa, Fla.
