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.
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?
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.
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.
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/
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."
Preliminary plans, which the developer says are outdated, show a high-rise complex of commercial and residential buildings with retail space planned for the high-profile corner.
Irving-based developer JPI has joined the development team for The Central, a 3 million-square-foot mixed-use project off North Central Expressway in Old East Dallas, according to a document submitted to the Texas Department of Licensing and Regulation.
The apartment developer is planning Jefferson at Central, a five-story, 430-unit complex with a seven-story parking garage, according to the document.
Designed by WDG Architecture, the project could cost upwards of $56 million. When reached, a spokesperson for JPI said details about the project are still being determined.
If plans come to life, the apartment complex would be part of the larger mixed-use development being led by locally based De La Vega Development.
CRE_Investor wrote:I've seen the equity package for that JPI deal. It's a typical wrap apartment project starting on the northeast corner of the parcel on Carroll that was acquired from Trammel Crow and stretching south along the eastern property boundary. Initial plan is/was 430 units on 5 acres. Zero percent chance of anything below grade and 100% chance that this forum will lament the boring (aka financially feasible) design.
dzh wrote:Well it's better than Sam's club, I guess. Whose in charge of rallying against this one to ask for something mixed-use?
New Development Adding 430 Apartments in Uptown
JPI is expanding its presence in the market with Jefferson Central in Uptown
DPatel304 wrote:Very underwhelming development for the area. I realize the east side doesn't have the demand that the Uptown side does, but I hate to see prime real estate used on developments such as this.
cowboyeagle05 wrote:You have to keep in mind we are talking acres of land here almost as big as the West Village when it started and selling off a small portion to build in-demand units is a worthwhile cause. This won't even be at the main corner of the property the developer is proposing all those high rises. This is on the former shopping center land and along with similar apartments on the edge of the site. It makes sense to me cause the alternative was a suburban shopping center with Sam's Club and drive-thrus.
The former Affiliated Computer Services building at North Central Expressway and Haskell Avenue will be imploded next month by owner De La Vega Development.
The 11-story building is on the site of De La Vega’s planned mixed-use development along the east side of North Central.
The Feb. 16 implosion is set for daybreak.
Cbdallas wrote:I wish them much success. I would love to see this entire area massively redeveloped with high rises and living density all around the DART subway station there. So much potential.
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