Hunt Realty Investments has announced plans to invest a significant amount of capital into the redevelopment of the area south of Reunion Tower. According to reports from The Dallas Morning News, this development is expected to cost around $5 billion and will potentially accommodate up to 5,000 residents. Additionally, there are plans for approximately 1,500 affordable housing units specifically designated for teachers, nurses and first-responders in the vicinity. Along with these residential components, Hunt Realty also intends on constructing two million square feet of office space and multiple hotel rooms within the project’s scope. A park is also included in their proposed plan.
The company behind this ambitious undertaking has been holding onto ownership rights over Reunion land for several decades now – ever since founder Ray Hunt acquired it back in 1978 as part of his vision for Reunion Tower’s completion (see photo courtesy). Despite various proposals being put forth over time regarding potential changes or developments on said land (as reported by Dallas Business Journal), Hunt Realty remained patient until they deemed conditions favorable enough before moving forward with their multi-billion dollar venture.
As per CEO Chris Kleinert’s statement given during an interview with The Dallas Morning News: “With significant investments being made towards revamping our convention center by local authorities…the timing couldn’t be more perfect.”
