The City Council’s Economic Development Committee this morning received an update on efforts to attract residential and commercial projects to neighborhoods around five mass transit corridors: along Lancaster Boulevard, MLK, Hatcher Street, Vickery Meadow and Buckner.
Planning has been under way for months, underwritten by a $2.25 million federal grant that targets creation of affordable housing near public transportation. The work will include identifying and detailing potential redevelopment opportunities in areas, mostly in southern Dallas, that could use an infusion of investment and a change of scene.
Committee members viewed these visuals and heard a final draft of the plan is due by year’s end. More public meetings are scheduled for next month. And, as often, a big challenge will be attracting developers to make all the talk and visioning happen.
As for developers hoping to make something happen, Oak Cliff resident Rick Garza wants to build Davis Street Market, a residential-retail-office project in the 700 block of West Davis in north Oak Cliff.
The council committee briefly reviewed Garza’s plan this morning and with little comment supported up to $4 million in future TIF reimbursements to the project. The matter goes to the full council next week.
“These are the exact kinds of things we’ve been looking for,” council member Delia Jasso said before the vote.
Garza is still trying to complete his financing for the project. He said after the meeting ideally he would break ground in the second quarter of next year.
Dixon Wong with JP and Associate REALTORS specializes in residential home sales, home relocation, and investment portfolios in the Uptown and Central Dallas Texas real estate markets. You can reach him at 214-519-9493 or firstname.lastname@example.org. www.findyourtexashome.com