Cedar Springs development site trades hands in Oak Lawn district

DALLAS, June 12, 2026 –  JLL Capital Markets announced today that it has arranged the successful sale of 3601 Cedar Springs, a 1.28-acre development site with multiple potential uses in Dallas, Texas.

JLL worked on behalf of the seller, Bill Y Bob Partners LLC. The buyer was KC Turtle Creek Owner LLC.

Cedar Springs’ land assemblage is situated in the prestigious Turtle Creek/Oak Lawn neighborhood near the southernmost portion of Cedar Springs Road. The site offers exceptional accessibility to some of the most highly coveted amenities in the Dallas area, including historic Turtle Creek Park just one block away, the Katy Trail two blocks away, and more than 200 food and beverage options throughout the Turtle Creek/Uptown area.

The property presented a rare opportunity for various development options, including multifamily, office and hotel use, thanks to its current PD 193 (O-2) zoning. With a maximum height permitted to 240 feet and an approved floor area ratio of 4.5:1, the site offers significant development flexibility for the new owner. 

The location benefits from strong area demographics, with a walk score of 85, an average household income of $134,091 within one mile and a population of 47,549 within the same radius.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Jonathan Carrier, Senior Managing Director Michael Swaldi, Executive Chairman Jody Thornton and Associate Adam McDaniel.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.