CLB Partners Nears Completion of One Project, Pushes Ahead on Sister Development

DALLAS-CLB Partners Ltd. of Dallas is wrapping up work on a $14-million flagship project, 2011 Cedar Springs, and getting ready to erect a sister loft development just a block away.

The McKinney Avenue Lofts had broken ground in September, but is just nearing the structural stage in CLB’s strategy to construct new buildings with the look and feel of historic warehouse makeovers. “Here in Dallas, there’s not a whole lot of older buildings that you can convert,” Ron Cibulka, a CLB development partner, told GlobeSt.com. The projects are being done in a joint venture with Olympus Real Estate, also of Dallas.

CLB’s latest undertaking is situated on slightly less than an acre at the intersection of McKinney and Harwood, in keeping with its focus to build upscale housing on urban in-fill parcels. The $25-million, 62-unit McKinney Avenue Lofts will have a sellable 155,000-sf, with units averaging 2,400 sf and carrying price tags from a high $300,000 to $950,000. For that, owners will have a premium view of downtown Dallas from living rooms and mezzanines via 20-foot-square windows incorporated into the utilitarian design by Dallas-based HKS Inc. architects. The sister project, 2011 Cedar Springs, is the design of Corgan and Associates, also in Dallas. L.A. Fuess Partners is the structural engineer for the projects; C.F. Jordan Co., the general contractor; and SWA Group, the landscape architect. All are based in Dallas.