Hunt Realty Investments is set to make a significant investment in the redevelopment of the area south of Reunion Tower. According to a report by The Dallas Morning News, the company has plans for approximately $5 billion worth of development that could accommodate up to 5,000 residents. Additionally, there are proposals for up to 1,500 affordable units specifically designed for teachers, nurses and first-responders in the vicinity. The project also includes two million square feet of office space and numerous hotel rooms as well as a park.
The land surrounding Reunion Tower has been owned by Hunt Realty for many years with founder Ray Hunt purchasing it back in 1978 when construction on the iconic tower was completed. Despite various ideas being proposed over time (as seen in this photo courtesy of Dallas Business Journal), much of this land remained untouched until now as Hunt Realty waited patiently for an opportune moment. With billions being invested into renovating the convention center nearby, CEO Chris Kleinert believes that now is finally time to move forward with their plans.
This article originally appeared on Connect CRE.
