A former AT&T corporate dormitory complex in Irving could soon be demolished to make way for a high-end multifamily development, marking another major transformation in the city’s real estate landscape.
Chicago-based Amli Residential requested a zoning change to redevelop the 13-acre site at 6201 Colwell Boulevard. The proposal includes 406 units spread across six apartment buildings and four townhome-style structures. Irving City Council is expected to vote on the request next month.
The site, adjacent to Dallas-based AT&T’s Advanced Education Center, houses 304 dorm-style units across 12 three-story buildings, along with a pool, tennis courts and a basketball court. AT&T vacated the property in 2023 and intends to sell it to Amli. Details of the deal haven’t been disclosed.
The site sits across from the 290-acre former Exxon Mobil headquarters, which Austin-based office investor Capital Commercial Investments bought in 2023 with plans to attract another corporate headquarters.
Amli’s plans for the community include a sports court, pocket parks and a 4,000-square-foot clubhouse. The project would expand the firm’s Dallas-Fort Worth portfolio, which includes 12 apartment complexes. The developer is also undertaking a major project in Addison, where it is replacing the Midway Square Shopping Center with a 570-unit apartment complex.
Founded in 1980, Amli Residential is owned by Prime Property Fund, a real estate investment vehicle managed by Morgan Stanley. If approved, the Irving project would continue the trend of converting outdated corporate sites into modern residential hubs, catering to the region’s demand for rental housing.
Population growth and economic development are driving demand for apartments in DFW. Historic deliveries since the pandemic leveled the playing field between landlords and renters, with many complexes offering rent concessions. However, development is easing up, and analysts are expecting rent growth to kick back up in the next couple of years.
—Rachel Stone
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