Dallas Economic Development Guide - 2017

Page 195

AROUND THE REGION | FUTURE PROJECTS

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DALLAS ARTS DISTRICT

Multiple development projects are under construction or have been announced within the Dallas Arts District. Lincoln Properties is building 1900 Pearl, a 25-story, 260,000square-foot office building, and ZOM Holdings has announced a 40-story apartment tower at Flora and Olive streets. The Hall Financial Group multiphased development spans 5 acres. The next phase will include a 44-unit residential tower and a boutique hotel. Two Arts Plaza, a 12-story, 290,000 sqft office building is phase two of the Billingsley Co.’s Arts Plaza project. The Spire Development will create a 12-acre contiguous neighborhood. Phase one will be anchored by a 21-story mixed-use tower.

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RED BIRD

Red Bird is the redevelopment of Southwest Center Mall located in Southern Dallas. Positioned at two major highways, Interstate 20 and Highway 67, Red Bird is at the heart of Oak Cliff and consists of 90 acres. Southwest Center Mall will be transformed into a vibrant mix-use development consisting of retail, office, residential, a hotel, and community amenities for southern Dallas. In addition, Red Bird will serve as the home base for the newly launched Southern Dallas Entrepreneurial Network.

9 HIDDEN RIDGE Hidden Ridge is an exciting new venture by Verizon to develop a unique 157-acre campus in the heart of Las Colinas (the largest office park in the Dallas-Fort Worth Metroplex). This mixed-use project will feature over 3 million square feet of office space, 80,000 square feet of retail/restaurants, 1,800 residential units, a full-service boutique hotel, a dedicated Dallas Area Rapid Transit (DART) station, and public space and amenities.

2017

10 TEXAS CENTRAL RAILWAY Texas Central Partners (TCP) is a private Texas company working to bring high-speed rail between Dallas and Houston. With trains capable of 205 mph, the trip between these cities will take under 90 minutes. Service is expected to begin as early as 2022. Two potential station sites have been identified near downtown Dallas.

D A L L A S ECONOMIC DEVELOPMENT G U I D E

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