Dallas restaurateur and entrepreneur Mike Hoque has purchased about 15 acres on Corinth Street at Cesar Chavez Boulevard for redevelopment.
The purchase includes the shuttered Pilgrim's Pride plant south of downtown.
Hoque - who owns several successful downtown restaurants and businesses - said he wants to redevelop the land as a mixed-use project.
"There is an opportunity to build affordable housing there," he said. "A lot of people are being pushed out of Deep Ellum because rents for apartments and art studios are going up. It's the same thing in the Design District."
Renovation that begin Monday will transform the Ambassador Hotel into loft apartments with shops, restaurants, a swimming pool and once again, the speakeasy bar.
Lake is starting work to transform the historic building into 103 "micro" apartments.
"They will average around 500 square feet," Lake said. "We started demolition on the project today. We are officially underway."
exelone31 wrote:I had forgotten they were going to be small units, which I think it pretty cool, especially if that brings the price point into a pretty reasonable range.
exelone31 wrote:Wasn't there something listed before about an underground tunnel that connected the Ambassador to somewhere in the Cedars? Does anyone happen to know if that still exists? If it connects to Four Corners, that'd be an AWESOME amenity to feature.
This evening, three development teams will take the stage at Gilley's in The Cedars to pitch their community-focused projects in front of a live audience in the inaugural The Real Estate Council (TREC) version of Shark Tank.
If all goes well for the participants, the teams have the opportunity to walk away with $2.5 million of investment capital from some of North Texas' most well-known real estate investors and developers.
And they could score funding from Cuban, who is getting in on the action by offering his support through Shark Tank and his celebrity as an investment shark. The exposure could benefit the proposed projects and future projects in southern Dallas.
DPatel304 wrote:So basically it's too wide to deck? I have seen that there are a lot of weird on-ramps, but, potentially those could be reconfigured to make this more feasible?
But you're right, this is a pretty ugly stretch of highway, and this project would be much harder than KWP. I guess my original point was that, would this be harder than tunneling/demolishing I-345? We've been talking about I-345 lately, but, by comparison, this seems to be easier (doesn't really mean it's a piece of cake or anything).
And no, I definitely wouldn't expect any development on top of it. Seem unnecessary, considering how much develop-able land there is around it.
muncien wrote:That mess from Cesar Chavez to St Paul is precisely why this needs to be done. Doesn't TxDOT have a plan for this corridor that already involves reworking these ramps? I'm not talking about the full relocation plan either... I don't think that current configuration is long for this world.
joshua.dodd wrote:I've also read that TxDOT has gone as far as to propose a twenty year plan of completely rerouting the 30 corridor away from Downtown, which would connect the Cedars back to the CBD. If they follow through with that plan, 45 would T near the Trinity River.
Tnexster wrote:Tivo_Kenevil wrote:Heritage village is under appreciated
True, I have lived here for 27 years and have never been.
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