A rendering of Larkspur’s Bennet Ave. Townhomes.

Larkspur Capital Partners plans to build 54 new town houses and more than 30 new apartments on a two-block stretch of empty space in Old East Dallas.

The Dallas-based town home builder has already built five projects in the Old East Dallas neighborhood, and its latest is due to open next summer. Given the city’s rising rents, Chris and Carl Anderson, the founders of Larkspur, are working to meet the city’s high demand for housing. So far, they’ve built 100 city town home units, with 200 more in progress.

"A lot of our buyers are renters," Chris Anderson said. "We offer them a better value, given where rents have gone in the last few years."

The townhomes at Larkspur’s latest project will be between 2,000 and 2,400 square-feet, and their completion is expected by early 2018.

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