The developer of the Lake Highlands Town Center is planning to build 300 apartments in Old East Dallas.

Austin-based Cypress Real Estate Advisors Inc. asked for a zoning change on property at Ross and Annex that would bring the entire 1.7-acres into the same zone.

They’re planning a four-story, 300-unit apartment complex with a garage at the center.

Old East Dallas is swarmed with new multi-family projects. It seems like for-sale townhomes are popping up on every corner. Not many for-rent apartment developments are underway, with the exception of Larkspur Capital’s 3.6-acre townhome/apartment project on Live Oak.