Fort Worth Ave Development Sites
Land | 6.38 acres
Marketing description
SLJ Company, LLC (“SLJ”) has been exclusively retained to offer Fort Worth Ave Development Sites, a collection of infill development sites located on Fort Worth Ave in the rapidly redeveloping West Dallas neighborhood of Oak Cliff.
These development sites are situated along Fort Worth Avenue, allowing a new owner the opportunity to develop a number of permitted uses including office, multifamily, and retail. The Properties are ideally located just minutes from Downtown Dallas, Trinity Groves, and Dallas’ Bishop Arts and Design Districts. Just north of Interstate-30, the Sites are adjacent to one of the busiest thoroughfares in Dallas/Fort Worth, allowing easy access to any destination in Dallas/Fort Worth. The Properties’ prime locations offer the opportunity to participate in the area’s transformation along with developers such as Trammell Crow Residential, Wood Partners, Alliance Residential, Stonelake Capital Partners, Columbus Realty Partners and Corinth Properties, among many others.
Overall these Fort Worth Ave Development Sites offer investors the opportunity to secure prime development sites in one of Dallas’ hottest markets and participate in the transformation of this infill neighborhood.
Investment highlights
These sites present exceptional development opportunities just minutes from Downtown Dallas and some of the largest redevelopments underway in the entire metro area.
OUTSTANDING ACCESS
Just south of Interstate-30, the Sites benefit from the vast infrastructure improvements happening in the area. The $117 million Margaret Hunt Hill Bridge connects Downtown Dallas to the new Trinity Groves area of West Dallas, providing exceptional access into Uptown and Downtown. The $115 million Margaret McDermott Bridge upgraded the I-30 bridge over the Trinity River with 16 lanes and pedestrian/bike access connecting into the Katy Trail. DART operates a 2.6 mile street-car, Blue Line extension just minutes from the Sites further fueling the significant growth in the area.
REDEVELOPMENT
The area is quickly redeveloping with over 3,600 new multifamily units in developments such as Yorktown Trinity Groves, Cypress at Trinity Groves and Pike West Commerce & West Commerce Gateway, among others.
TIF DISTRICT
The sites are located within Dallas’ Fort Worth Avenue Tax Increment Financing District. The purpose of this TIF District is to attract new, higher density, private development totaling 1,033,910 SF of retail space and 9,444 residential units including townhome, multifamily, single-family and condo projects.
IMPROVING DEMOGRAPHICS
As older properties are either demolished to make way for new developments or significantly upgraded, there has been a rapid shift in the residents of West Dallas to higher income young professionals.
ABUNDANT NEARBY ECONOMIC DRIVERS
The Properties sit amongst a number of surrounding economic drivers including Downtown Dallas, Trinity Groves, Bishop Arts District, Methodist Dallas Medical Center, Uptown Dallas, Dallas Medical District, Trinity River Corridor Project, Dallas Design District, The Canyon in Oak Cliff, Sylvan Thirty and Coombs Creek Trail, among others.
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