Developers have purchased property to build downtown Dallas' first true skyscraper in seven years.

Chicago-based Amli Residential bought the vacant block on Field Street just north of Ross Avenue.

The developer plans to build an apartment tower over 40 stories tall on the parking lot next to the landmark Fountain Place office tower. Amli's planned high-rise will have 367 rental units, according to deed records.

The nationwide apartment developer bought the building site from Fountain Place owner Goddard Investments. Goddard is building a parking garage and retail building on the east side of Fountain Place.

Dallas architect Page Southerland Page Inc. has designed the planned residential skyscraper for Amli. Early concepts show that a slender, prismatic tower will complement Fountain Place.

Amli's Taylor Bowen said construction on the high-rise will start this summer.

The Field Street tower would be the tallest downtown building started since construction began in 2010 on the 42-story Museum Tower condominium building in the Arts District.

The project would be one of about a dozen high-rise residential buildings under construction in the Dallas area. It would be a block south of Woodall Rodgers Freeway.

Amli Residential is one of the country's largest and most experienced apartment builders, investors and operators.

The company owns the 24-story 1400 Hi-Line apartment tower in Dallas' Design District, along with about a dozen other apartment communities in North Texas.

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