Larkspur Capital bought a development site on Commerce Street between Deep Ellum and Fair Park where it plans to build a residential tower.

The booming West Dallas neighborhood is getting another residential project. Dallas-based Larkspur Capital has purchased land on Fort Worth Avenue for a 146-unit, urban home rental project. The 8.5-acre development will be across the street from the landmark Belmont Hotel.

Larkspur Capital has cleared 8.5 acres for its Kessler Bluffs, planned as 146 “build-to-rent” residences.

Builders who have done a series of successful East Dallas projects are headed to North Oak Cliff with a new development. Larkspur Capital Partners is building an apartment community at 1100 N. Zang Boulevard near Lake Cliff Park.

The Dallas City Council approved the rezoning for the residential development at the Garland Road Thrift Store site.

Larkspur Capital plans project on the eastern edge of Deep Ellum. “Construction documents were issued on Friday and are being submitted to the city of Dallas for permit today,” said Carl Anderson, a partner in developer Larkspur Capital.