The vacant land near the convergence of Armstrong Avenue, Lakeside Drive, and Oak Lawn Avenue where it becomes Preston Road is on the market. (Photo courtesy Allie Beth Allman)
One of the last undeveloped tracts of land in the Park Cities is drawing intense interest, according to representatives from Allie Beth Allman and Associates.
The 1.17-acre triangular plot bordered by Lakeside Drive, Armstrong Avenue, and Oak Lawn Avenue is being marketed as the “Gates of Highland Park.” While the land has been for sale since mid-fall, tall wooden signs erected just before New Year’s have generated increased attention.
“I can’t think of another location that would be more desirable,” former Highland Park mayor William D. White Jr. said.
In 1906, real estate developer John Armstrong purchased a large amount of land just north of Dallas for $276 an acre. The city’s population had more than doubled following the turn of the century, and was fast approaching 100,000. Armstrong saw enormous potential in the area he dubbed “Highland Park,” so named because it sat on high terrain overlooking downtown.