Dallas city council is set to review a zoning change to allow for what are currently office buildings to shift into dwelling units east of Dallas North Tollway.
A presentation before the Dallas city plan commission showed an early look at what the adaptive-reuse project from Trammell Crow Company could look like. Dallas-based commercial real estate developer Trammell Crow Company is examining the potential of adding apartments by transforming an existing 10-story office building and demolishing two six-story buildings to construct two five-story properties in their places.While the parking garage at 5550 LBJ would remain with the new vision, what is currently virtually obsolete office space with a taxable value of about $10.75 million could receive an investment upwards of $300 million.
The redevelopment, which is in the early stages, will go before Dallas City Council this week for a zoning change.As WeWork continues to work through its bankruptcy restructuring process, the coworking firm has determined the Dallas-Fort Worth spaces it plans to keep.Leon Capital Group will begin building two speculative industrial facilities in Tarrant County this summer, and it’s not the only project underway for the under-the-radar Dallas investment firm., Real estate reporter.