Hunt Realty Investments has announced plans to invest a significant amount of money into the redevelopment of the area south of Reunion Tower. According to reports from The Dallas Morning News, the company is looking at a potential $5 billion development project that could accommodate up to 5,000 residents. Additionally, there are plans for 1,500 affordable units specifically designed for teachers, nurses and first-responders in the surrounding area. Along with this residential development, Hunt Realty also intends on constructing two million square feet of office space and multiple hotel rooms. A park is also included in their proposed plan.
Having owned the land around Reunion Tower for several decades now, Hunt Realty founder Ray Hunt initially purchased it back in 1978 when construction on Reunion Tower was completed. Despite various proposals over time regarding how best to utilize this prime real estate (see photo courtesy of Dallas Business Journal), Hunt Realty has patiently waited until now – with billions being invested into revamping nearby convention centers – before moving forward with their ambitious project.
The article “Hunt Starting to Release Details on “Multi-Billion Dollar” Reunion Tower Plan” originally appeared on Connect CRE.
