As the economy remains in neutral, real estate investors are looking to revamp choice properties rather than market them for sale. Despite a lack of sales, multi-million dollar renovations remain prevalent. One such example is Work/Shop, a mixed-use complex in Dallas recently completed by Houston-based investment and development firm Triten Real Estate Partners. The redevelopment features 135,000 square feet of office space and 81,500 square feet of retail space as well as restaurant and entertainment venues.
Work/Shop also boasts 30,000 square feet of open green spaces with views overlooking Prestonwood Country Club. Major renovations were conducted on the south office building which included redesigning its 65k sqft façade along with common areas plus adding new amenities throughout the property’s retail spaces too! CBRE has been appointed to lease out this newly renovated office area accordingly .
This extensive renovation project at Work/Shop demonstrates how real estate investors can still make use even during uncertain economic times – providing an opportunity for both businesses owners seeking commercial premises or those wanting to invest into lucrative projects alike!
