Woodlawn Update and Cedar Springs Tom Thumb Info
Steve Brown:
06:54 AM CDT on Friday, May 19, 2006
Homes near Parkland
In-town housing developer Perry Homes has purchased a creek-side property near Parkland Memorial Hospital with plans to construct townhouses.
The 5.5-acre site on Production Drive is between Harry Hines Boulevard and Maple Avenue and is largely undeveloped.
"We came up with the idea of putting a bridge across the creek to access the property," said real estate broker Mike Turner of J. Elmer Turner Realtors. Mr. Turner brokered the sale to Perry Homes with Les Teitz.
About 68 townhomes will be constructed on the site, Mr. Turner said.
"The property lays out well and will make a residential enclave," he said.
The development site is about two blocks from Motor Street, where FirstWorthing Corp. and Greenway Investment are building a 16-acre apartment and retail complex.
Noodling for ideas
A real estate firm is hunting for a new use for a vacant Oak Lawn supermarket.
United Commercial Realty is exploring leasing and development options for the empty Tom Thumb store on Cedar Springs Road at Douglas Avenue.
The 33,000-square-foot vacant building was constructed in 1966 and later enlarged. It sits on about two acres a few blocks from the Dallas North Tollway.
The property is controlled by Crossland Enterprises, which has hired United Commercial Realty to find a new use.
"The first thing we are going to attempt is to lease the building," said UCR's Teri Dorazil. "But the new owners have also developed plans with residential construction above ground-floor retail, like a mini West Village."
Woodlawn progress
Alliance Communities – a Phoenix-based developer with several apartment projects in the Dallas area – is moving ahead with plans to buy the historic Woodlawn Hospital property on Maple Avenue in Oak Lawn.
A few weeks ago, Alliance's $16.5 million offer to buy the 8.3-acre historic hospital complex was accepted by the Parkland Health & Hospital System. Alliance got the contract to buy Woodlawn after two bids were held.
Alliance's Nick Chapman said the developer is moving ahead on redeveloping the landmark.
"Optimally, we could get started in the fourth quarter, but more than likely it will be first quarter 2007," Mr. Chapman said "We are exploring four or five different development scenarios – some are mixed-use and some are exclusively multifamily."
06:54 AM CDT on Friday, May 19, 2006
Homes near Parkland
In-town housing developer Perry Homes has purchased a creek-side property near Parkland Memorial Hospital with plans to construct townhouses.
The 5.5-acre site on Production Drive is between Harry Hines Boulevard and Maple Avenue and is largely undeveloped.
"We came up with the idea of putting a bridge across the creek to access the property," said real estate broker Mike Turner of J. Elmer Turner Realtors. Mr. Turner brokered the sale to Perry Homes with Les Teitz.
About 68 townhomes will be constructed on the site, Mr. Turner said.
"The property lays out well and will make a residential enclave," he said.
The development site is about two blocks from Motor Street, where FirstWorthing Corp. and Greenway Investment are building a 16-acre apartment and retail complex.
Noodling for ideas
A real estate firm is hunting for a new use for a vacant Oak Lawn supermarket.
United Commercial Realty is exploring leasing and development options for the empty Tom Thumb store on Cedar Springs Road at Douglas Avenue.
The 33,000-square-foot vacant building was constructed in 1966 and later enlarged. It sits on about two acres a few blocks from the Dallas North Tollway.
The property is controlled by Crossland Enterprises, which has hired United Commercial Realty to find a new use.
"The first thing we are going to attempt is to lease the building," said UCR's Teri Dorazil. "But the new owners have also developed plans with residential construction above ground-floor retail, like a mini West Village."
Woodlawn progress
Alliance Communities – a Phoenix-based developer with several apartment projects in the Dallas area – is moving ahead with plans to buy the historic Woodlawn Hospital property on Maple Avenue in Oak Lawn.
A few weeks ago, Alliance's $16.5 million offer to buy the 8.3-acre historic hospital complex was accepted by the Parkland Health & Hospital System. Alliance got the contract to buy Woodlawn after two bids were held.
Alliance's Nick Chapman said the developer is moving ahead on redeveloping the landmark.
"Optimally, we could get started in the fourth quarter, but more than likely it will be first quarter 2007," Mr. Chapman said "We are exploring four or five different development scenarios – some are mixed-use and some are exclusively multifamily."
posted by Jon Moreau at
7:48 AM
