According to a report from the Dallas Business Journal, two new projects are in the works for the 2800 block of West Seventh and 3000 block of Morton Street. While ground has been cleared on both properties, construction has yet to begin. However, plans are in place for work to start on the first project next spring.
The Van Zandt development is expected to include approximately 13,000 square feet of retail space, 100,000 square feet of office space and 226 apartments. Meanwhile One University will feature around115 ,000 square feet of office space along with242 apartments and a luxurious Autograph Collection hotel called The Tycoon with176 keys. These two projects combined will require an investment exceeding $400 million.
A spokesperson for the company stated that they anticipate announcing tenants shortly after breaking ground.
On their website,the company highlights their focus on markets that are less susceptibleto fluctuations inthe overall U.S.real estate economy,and notes that these markets typically maintain stability regardless offavorable or unfavorable national trends.This commitment is evident through Goldenrod’s decisionto pursue these mixed-use developmentsin Dallas.
