Post Properties Eyeing Fourth Quarter Ground-breaking on 400,000-SF Luxury High-Rise

DALLAS-The Mercer, the first for-sale residential high-rise in Uptown Dallas, is sealing options in anticipation of breaking ground by year’s end on the nine-story, 400,000-sf project.

Atlanta-based Post Properties Inc. conceivably could deliver the unique project in 2002 should dirt begin flying before the year is out, a source close to the project told GlobeSt.com. The timing of the project’s start and completion have been kept under wraps while the REIT lays the groundwork for the 159-unit project.

Reservations, more commonly referred to as purchase options, started to materialize with last week’s opening of a high-tech virtual tour marketing center at 2815 Allen St. in Post Square. The project, promising spectacular skyline views of Downtown Dallas and Cityplace, will be built at the corner of State and Worthington Sts. near McKinney Ave.