Bisnow hosts a webinar to discuss the future of growth and development in southern Dallas.
Dallas — Development projects are in full swing in parts of southern Dallas. Future growth plans across the city’s southern region remain a hot topic.
Bisnow hosted a webinar to discuss “The Future of Southern Dallas: Growth and Development.”
Developers and project managers had the opportunity to share their experiences, discuss the progress of ongoing projects, and explain some of the challenges they generally face.
The project discussed included a reimagination of Redbird. Construction will continue during the pandemic. The crew is busy building new apartments, medical centers and shops.
Related: 300 luxury condominiums are shaped near the rejuvenated Red Bird Mall
Russell Glenn’s Chief Executive Officer, Terence Maiden, said:
Fair Park, a few miles from South Dallas, plans to invest at least $ 200 million over the next five years. The project will include more green spaces and community parks.
“We need to have a broader understanding of how we can not only benefit the city of Dallas, but also our neighbors in a meaningful way,” said Brian Le of Fair Park First. Allen says.
A few blocks away, Forest Forward is focused on transforming the historic Forest Theater at Martin Luther King, Jr. Boulevard. It will be a community art space with work opportunities.
“We aim to bring $ 35 million in capital to the corners of MLK and 175,” said Elizabeth Watley of Forest Forward.
It is important for developers and project managers to agree to partner with residents and get the support of the community.
“Gentrification is a scary word,” Wattley said.
Some members of the panel said there was an unfortunate perception of some entities that saw development in southern Dallas as dangerous.
Maiden said it takes creativity to persuade some businesses and investors to give the region a chance.
“There is a real prejudice in entering the color community, whether it’s an economic gap or an educational gap. It’s hard for businesses and big companies to see that area as a viable investment.” Maiden said.
Members of the panel remain optimistic, especially with the support of the community.
The developers also mentioned one project, the Southern Gateway Project. Its development involves building a deck park near the Dallas Zoo. The developers believe that the project could trigger economic development across North Oak Cliff.
The group discusses the benefits and challenges of development throughout southern Dallas
Source link The group discusses the benefits and challenges of development throughout southern Dallas