The Village Dallas Opened New Boutique Hotel
The Terraces at the Drey has added 46 rooms and suites to the Lake Highlands neighborhood development.
Updated on Oct. 7, 2026 in Hotels
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The Village Dallas has officially opened The Terraces at the Drey, a new hotel property featuring 46 rooms and suites. The project transformed a former office building into hospitality space.
Why it matters
The opening marks a significant expansion for the mixed-use development in Dallas. It adds capacity for visitors while introducing new amenities to the local property.
The hotel features seven terrace suites, two corner suites, and 11-foot ceilings throughout the property. An outdoor oak canopy area provides event space with a capacity for 100 people.
The players
The Village Dallas
This is a large-scale mixed-use development located in the Lake Highlands neighborhood of Dallas.
The details
Developers repurposed a former office building to create the new lodging, incorporating wood-forward materials, trellis details, and greenery. The project also generated 20 new jobs for the Dallas community.
Timeline
The Terraces at the Drey officially opened on October 6, 2026.
The Kobako restaurant is scheduled to open in 2027.
Travel Outlook
The project follows the broader industry-wide pattern of converting vacant commercial office space into boutique hospitality units to meet shifting urban demands. This development aligns with a growing trend in real estate to revitalize stagnant building footprints into active revenue-generating sites.
Visitors to Lake Highlands can now book stays directly within the grounds of The Village Dallas. Those planning events for up to 100 people should inquire about the new oak canopy space for their upcoming bookings.
The takeaway
The transformation of office space into luxury hotel suites highlights a shift in how developers are addressing vacant commercial inventory in urban centers. Travelers looking for new accommodations in Dallas can now access these amenities within a previously established neighborhood hub.
What happens next
The Kobako restaurant is slated for a 2027 opening, which will add a 14-seat omakase counter to the hotel property.
Further reading
For more information on the latest hospitality developments in the region, visit Hotels.
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Do you feel that new hotel developments in your area generally improve the local neighborhood atmosphere?
