Dallas Fort Worth Urban Forum

Preston Center

User avatar
itsjrd1964
Posts: 254
Joined: 28 Jul 2018 07:38

Preston Center

Postby itsjrd1964 » 27 Aug 2018 18:43

A Target is set to open in Preston Center Pavilion (the ex-Sanger Harris/ex-Foley's store space) in a former Ross store. It will be 30% the size of a SuperTarget. The DMN is reporting that signage has already gone up outside the building. The Target will open in October.

https://www.dallasnews.com/business/ret ... ll-opening

Tnexster
Posts: 1666
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Preston Center

Postby Tnexster » 27 Aug 2018 21:37

Wow that is a fast turnaround, have then been working on that for a while? Maybe we will see one of these downtown before too long.

User avatar
uptown74
Posts: 26
Joined: 21 Oct 2016 19:00

Re: Preston Center

Postby uptown74 » 28 Aug 2018 22:03

I was hoping one of these urban Targets would open in the Centrum building on Oaklawn (as rumored) , but it never happened..

User avatar
Tivo_Kenevil
Posts: 1070
Joined: 20 Oct 2016 12:24

Re: Preston Center

Postby Tivo_Kenevil » 28 Aug 2018 22:54

Oak Cliff desperately needs an urban Target.

cowboyeagle05
Posts: 1445
Joined: 21 Oct 2016 08:45

Re: Preston Center

Postby cowboyeagle05 » 29 Aug 2018 09:09

The demo isn't in Oak Cliff for an Urban Target as much as my friends who have moved there want it to be. My friends keep complaining about a lack of the stores they want down there but I ask them to look at where they are and the price they are paying to live there. If you are going to be an urban pioneer you have to expect to hunt down your buffalo a little further than the white flight Plano suburbs which have a dry good store on every corner.

lakewoodhobo
Posts: 687
Joined: 20 Oct 2016 13:49
Location: Elmwood, Oak Cliff

Re: Preston Center

Postby lakewoodhobo » 29 Aug 2018 09:48

Tivo_Kenevil wrote:Oak Cliff desperately needs an urban Target.


Oak Cliff (north of Red Bird) needs a Target for sure, I just don't see where the numbers would work for an urban concept.

A traditional Target store makes sense for the Canyon development, where I think the demographics would support it today. Several years down the road I could see Wynnewood making sense too... it's way more desirable now than Cityplace was in 1993 when Target opened there.

User avatar
tamtagon
Site Admin
Posts: 1396
Joined: 16 Oct 2016 12:04

Re: Preston Center

Postby tamtagon » 29 Aug 2018 09:51

...or look more closely at what's already available in the neighborhood and see if the shopping list needs modification to break the habits and learned behavior also considered as that uber-convenient, on-demand suburban shopping expectation. haha doesn't seem like, really, but I am agreeing with cowboy, some of those folks wanting an Urban Target in Oak Cliff just need to look closer.

Buying stuff that's is not exactly what you know you can get at Target or Container Store or wherever but stuff is is pretty close is not settling for second best, it's supporting the stores that make the neighborhood desirable --- not like the cookie cutter suburbs. A thorough inventory of greater neighborhood stores' inventory could be a big surprise.

User avatar
NdoorTX
Posts: 103
Joined: 21 Nov 2016 02:27

Re: Preston Center

Postby NdoorTX » 06 Sep 2018 17:20

Saint Michael church teams up with developers for new mixed-use project in North Dallas
Steve Brown, Real Estate Editor

paraphrased
-The last large vacant development site in North Dallas' exclusive Preston Center district is being planned for a major mixed-use development.
Saint Michael and All Angels Episcopal Church has owned the almost 4-acre block at Douglas Avenue and Frederick Square for more than a decade.

-Now the church — which has been in Preston Center since 1948 — is teaming up with Dallas developer Lincoln Property Co. to build residential and commercial buildings as part of an expansion of the church's campus.

-The new proposal for the prime North Dallas tract includes an 8-story office building, restaurant space and a "public green space" on Douglas Avenue.
A 12-story residential building would be constructed on the west side of the property. Office towers which adjoin the church development site are 19 and 20 floors. And a residential condominium next door is 10 stories.

https://www.dallasnews.com/business/rea ... rth-dallas

User avatar
Tivo_Kenevil
Posts: 1070
Joined: 20 Oct 2016 12:24

Re: Preston Center

Postby Tivo_Kenevil » 06 Sep 2018 17:26

Why are churches making developments?

User avatar
Warrior2015
Posts: 124
Joined: 15 Jun 2018 21:19

Re: Preston Center

Postby Warrior2015 » 06 Sep 2018 17:28

Tivo_Kenevil wrote:Why are churches making developments?

They're doing that in Downtown Austin as well

User avatar
I45Tex
Posts: 136
Joined: 26 Jan 2017 05:52

Re: Preston Center

Postby I45Tex » 06 Sep 2018 19:34

It's a lot to do with cost of construction, I think? The article mentions the congregation's campus expansion. Rich suburbs of Boston now offer to give developers prime property with old city buildings on it in exchange for building them new municipal facilities just because adequate new facilities have gotten so prohibitive in the current tax environment. The federal GSA was even forced for awhile to start talking about doing that with one of the largest public buildings between the National Gallery of Art and the national capitol, which was unbelievable to me: https://www.gsa.gov/node/79728

I guess it has been found (in rare neighborhoods like downtown Austin / Preston Center) to make less sense for churches to sell off surplus holdings on the open market and reinvest the proceeds in ministry/property than to actually use those holdings as a bargaining chip with developers before they'll even let developers get a toehold there in the first place.

User avatar
tanzoak
Posts: 460
Joined: 18 Dec 2016 19:15

Re: Preston Center

Postby tanzoak » 06 Sep 2018 23:48

While I'm happy to have construction go in there, it's lame that it'll be shorter than the surrounding buildings.

User avatar
The_Overdog
Posts: 356
Joined: 21 Oct 2016 14:55

Re: Preston Center

Postby The_Overdog » 07 Sep 2018 08:52

Why are churches making developments?


It's actually pretty common. There are probably close to half-dozen church funded/property swap developments in Plano/Frisco/Richardson/Allen.

cowboyeagle05
Posts: 1445
Joined: 21 Oct 2016 08:45

Re: Preston Center

Postby cowboyeagle05 » 07 Sep 2018 08:57

Plus churches are special they can do no wrong so there tend to be ways they can skirt a lot of taxes aka cost and churches in North Texas particularly are profit driven which I assume is because God deems it so...

User avatar
muncien
Posts: 726
Joined: 25 Oct 2016 08:46
Location: Cypress Waters

Re: Preston Center

Postby muncien » 07 Sep 2018 10:14

cowboyeagle05 wrote:Plus churches are special they can do no wrong so there tend to be ways they can skirt a lot of taxes aka cost and churches in North Texas particularly are profit driven which I assume is because God deems it so...


They can also work with developer to ensure that whatever is built doesn't have excessive glare shining into the pulpit, serve alcohol until late hours, etc. Actually, it sounds like a very responsible approach, IMO.
"He doesn't know how to use the three seashells..."

User avatar
itsjrd1964
Posts: 254
Joined: 28 Jul 2018 07:38

Re: Preston Center

Postby itsjrd1964 » 17 Oct 2018 04:57

Article about the new smaller-format Target at Preston Center.

https://www.dallasnews.com/business/ret ... mall-store

Tnexster
Posts: 1666
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Preston Center

Postby Tnexster » 12 Nov 2018 08:48

We can free Preston Center from the 1960s

https://www.dallasnews.com/opinion/comm ... nter-1960s


Who is online

Users browsing this forum: CRE_Investor, mdg109, texasstar and 17 guests

Login