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Cityplace East: ACS/Xerox redevelopment

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eburress
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Re: Cityplace East: ACS/Xerox redevelopment

Postby eburress » 06 Aug 2019 19:18

It's not the only factor but the NIMBYism east of Central doesn't help. There has been opposition to most projects, even ones that seem like no-brainers like Henderson Avenue's reconstruction.

I45Tex
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Re: Cityplace East: ACS/Xerox redevelopment

Postby I45Tex » 06 Aug 2019 19:25

jwhughes wrote: -- increasing land and taxable value for the city, providing momentum to the area surrounding 75 and allowing for the success of West Village to flow into the underdeveloped east side, while opening up more land for development adjacent to one of the most successful walkable/mixed use developments in Dallas.


Not to mention increasing the attractiveness of DART ridership and the likelihood that people would want to enter the area from the subway, do things west of Central Expressway and return to the subway at the end of their evening out.

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Urbandreamer
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Urbandreamer » 06 Sep 2019 22:22

New construction fence up around the perimeter of the buildings - signs posted all around indicating an imminent demo...

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NdoorTX
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Re: Cityplace East: ACS/Xerox redevelopment

Postby NdoorTX » 06 Sep 2019 22:44

wow! could this be a stealth development that rocks our socks?!?!?

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Mr. Amsterdam
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Mr. Amsterdam » 07 Sep 2019 04:18

NdoorTX wrote:wow! could this be a stealth development that rocks our socks?!?!?


Well, Texans do love their surface parking lots. ;)
1999 - 2017

cowboyeagle05
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Re: Cityplace East: ACS/Xerox redevelopment

Postby cowboyeagle05 » 07 Sep 2019 10:41

They also love their massive gas stations Buc-ee's Downtownish...

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Tivo_Kenevil
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Tivo_Kenevil » 07 Sep 2019 17:36

Mr. Amsterdam wrote:
NdoorTX wrote:wow! could this be a stealth development that rocks our socks?!?!?


Well, Texans do love their surface parking lots. ;)


Is this the De la Vega site, TC or something else?

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NdoorTX
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Re: Cityplace East: ACS/Xerox redevelopment

Postby NdoorTX » 07 Sep 2019 19:53

Tivo_Kenevil wrote:
Mr. Amsterdam wrote:
NdoorTX wrote:wow! could this be a stealth development that rocks our socks?!?!?


Well, Texans do love their surface parking lots. ;)


Is this the De la Vega site, TC or something else?


It' the De la Vega site. It had been surrounded by fence with the gates wide open near the building entrance. Now it's padlocked tight and seems to have on on-site guard. There is also Lindamood Demo signs stating that the site is off limits and being prepped for demo. Something is moving forward.


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tamtagon
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Re: Cityplace East: ACS/Xerox redevelopment

Postby tamtagon » 08 Sep 2019 11:34

I think it's safe to say the Central Business District has been saved and is on track as a concentrated, thriving combination of residential, commercial, retail and office locations. With retail and residential taking a strong place in the CBD now, it only makes sense for real estate along the transportation corridors to/from the CBD become mixed use extensions of the core city.

cowboyeagle05
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Re: Cityplace East: ACS/Xerox redevelopment

Postby cowboyeagle05 » 08 Sep 2019 13:14

Tearing down was expected but would they spend the money to tear down even if they had no lead tenants signed up? I mean who would want to sign on here if they knew they would have to wait on tear down, clearing the site and building lots of brand new infrastructure. Could be an expenditure just to improve tenant sign-on options. Most big office tenants still looking want to move in soon not wait on a whole bunch of pre-work.

DPatel304
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Re: Cityplace East: ACS/Xerox redevelopment

Postby DPatel304 » 08 Sep 2019 14:10

cowboyeagle05 wrote:Tearing down was expected but would they spend the money to tear down even if they had no lead tenants signed up? I mean who would want to sign on here if they knew they would have to wait on tear down, clearing the site and building lots of brand new infrastructure. Could be an expenditure just to improve tenant sign-on options. Most big office tenants still looking want to move in soon not wait on a whole bunch of pre-work.


Did The Epic begin construction without a lead tenant signed up?

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Tivo_Kenevil
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Tivo_Kenevil » 08 Sep 2019 19:22

DPatel304 wrote:
Did The Epic begin construction without a lead tenant signed up?

I believe so.

DPatel304
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Re: Cityplace East: ACS/Xerox redevelopment

Postby DPatel304 » 09 Sep 2019 09:25

If so, that might encourage some of these other developments to get started without a lead tenant as well.

cowboyeagle05
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Re: Cityplace East: ACS/Xerox redevelopment

Postby cowboyeagle05 » 09 Sep 2019 09:45

It's about financing Epic was one of the very few that took the gamble and apparently had the money to bet. Look at the rest of Dallas development nothing is being built without a lead tenant and banks are not signing on the dotted line for construction loans on a sugar plum fairy dreams. Delavega seems like an unproven developer in a project of this size so I doubt many banks will grant him the funds on just the fact he has a prime location.

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dukemeredith
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Re: Cityplace East: ACS/Xerox redevelopment

Postby dukemeredith » 09 Sep 2019 10:29

cowboyeagle05 wrote:It's about financing Epic was one of the very few that took the gamble and apparently had the money to bet. Look at the rest of Dallas development nothing is being built without a lead tenant and banks are not signing on the dotted line for construction loans on a sugar plum fairy dreams. Delavega seems like an unproven developer in a project of this size so I doubt many banks will grant him the funds on just the fact he has a prime location.



I believe the Union, 1900 Pearl and Park District were also started without a lead tenant announced, though I may be mistaken.

I don't think securing financing from banks is as big a problem as perceived. It may be a convenient excuse for developers to blame those nameless and faceless banks for not starting certain developments as the drop of a hat.

cowboyeagle05
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Re: Cityplace East: ACS/Xerox redevelopment

Postby cowboyeagle05 » 09 Sep 2019 11:03

They had them they weren't announced yet.

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Kelley USA
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Kelley USA » 11 Sep 2019 15:08

This can be nothing but a good thing.... De La Vega purchases the property from TC! DLV now controls about 25 acres in this area. Although I'm not sure what my confidence level is in DLV seeing as they've never taken on a project of this size and scope before.

https://www.dallasnews.com/business/rea ... e-project/

LongonBigD
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Re: Cityplace East: ACS/Xerox redevelopment

Postby LongonBigD » 11 Sep 2019 15:24

This is big news! I hoped and it was reported that the Sam's deal was dead, but there was always a doubt in the back of my mind that TC would trot out a similar dead horse to whip called Big Box Retailer X.

I noticed the story mentioned that the plot was purchased by a partnership which includes DelaVega. Perhaps this "partner" can lend some real estate development heft and ease the minds of those worried about their ability to pull this off.

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Tivo_Kenevil
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Tivo_Kenevil » 11 Sep 2019 18:36

God Bless East Village Homeowners Association

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Matt777
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Matt777 » 12 Sep 2019 13:24

Kelley USA wrote:This can be nothing but a good thing.... De La Vega purchases the property from TC! DLV now controls about 25 acres in this area. Although I'm not sure what my confidence level is in DLV seeing as they've never taken on a project of this size and scope before.

https://www.dallasnews.com/business/rea ... e-project/


Woohoo! This site isn't in the clear yet, but this is very promising. At least that nasty concrete paradise that TC proposed will not see the light of day. I was at one of the first community meetings years ago when they first lied and then proposed their turd, and the TC reps could not have been more dismissive and pig headed. I hope they learned a very hard lesson.

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dallaz
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Re: Cityplace East: ACS/Xerox redevelopment

Postby dallaz » 16 Sep 2019 12:20

Developers seek zoning for high-rise complex on North Central Expressway

https://www.dallasnews.com/business/rea ... xpressway/

DeLaVega is wants to amend the existing zoning "to allow for the redevelopment of the subject site into a high density mixed-use project," according to the filing with the city.

The changes would "allow for the development of a mix-use development including office, multifamily, hotel and retail uses."

Tnexster
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Re: Cityplace East: ACS/Xerox redevelopment

Postby Tnexster » 16 Sep 2019 12:32

They sure sound like they are serious about this but why do I have doubts they can pull this off? Seems very ambitious.

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eburress
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Re: Cityplace East: ACS/Xerox redevelopment

Postby eburress » 16 Sep 2019 12:51

I completely agree about them seeming serious and you're not the only one with doubts. On the bright side, the doubts many of us probably have are setting what will hopefully be easily exceeded expectations! :D

cowboyeagle05
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Re: Cityplace East: ACS/Xerox redevelopment

Postby cowboyeagle05 » 16 Sep 2019 13:46

At the bottom of the article a very important quote from the developer...

Preliminary plans, which the developer says are outdated, show a high-rise complex of commercial and residential buildings with retail space planned for the high-profile corner.

willyk
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Re: Cityplace East: ACS/Xerox redevelopment

Postby willyk » 16 Sep 2019 22:59

Consolidate the land, do the abatement, get the entitlements, then JV or sell.

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eburress
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Re: Cityplace East: ACS/Xerox redevelopment

Postby eburress » 17 Sep 2019 10:29

That's certainly a possibility, though it does seem like a lot of work and expense just to do a flip.


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