Hunt Realty Investments has announced plans for a multi-billion dollar redevelopment project in the area south of Reunion Tower. According to The Dallas Morning News, the company is looking to invest approximately $5 billion into this development, which will include residential units for up to 5,000 people. In addition, there are plans for 1,500 affordable housing units specifically designated for teachers, nurses and first-responders.
The project also includes two million square feet of office space and multiple hotel rooms. A park is also part of the plan.
Hunt Realty has owned this land near Reunion Tower since its founder Ray Hunt purchased it in 1978. While various ideas have been proposed over the years (as seen in a photo courtesy of The Dallas Business Journal), Hunt Realty has waited patiently until now when they believe conditions are ideal with billions being invested by the city into renovating their convention center.
According to CEO Chris Kleinert’s interview with The Dallas Morning News , “the time is right” for Hunt Realty Investments to move forward with their ambitious vision.
