Trinity Project and Oak Cliff Property Values

[KelliM]

Hi, I'm new to the list and am finding great info on this site. Thanks for being plugged into the community!

I'm wondering how and when property values in the various neighborhoods/subdivisions in Oak Cliff will be affected by the Trinity development as it moves forward.

My husband and I live in Elmwood now and are shopping for homes in and around Kesseler Square and Winnetka Heights. Anyone have insights on what areas have potential to appreciate the most over time?

Please redirect me if I've posted this question in the wrong place or if there is already an archived discussion about this -- thank you!

[Columbus Civil]

Welcome to the forum, Kelli.

[KelliM]

thanks -- there's lots to dig into here, so I should be around a while!

[UrbanHope]

I think that property values will increase in the parts of Oak Cliff that are near the Trinity based on this development. In addition, there are a lot of areas in or near the historic districts that shall benefit as well. There is a lot of infill rehab occuring like in the apartment buildings along Kings Hwy, which helps also.

The development is a welcome addition to our city's ailing tax base. Now, all they need is a supermarket and that area will be in business!

[Cliff Dweller]

I would watch Lake Cliff and possibly Kidd Springs, there's a lot going on there right now and they will probably be the most affected by the Trinity development in the near term. I think they may be set for a bit of a boom. You can also still find bargains there whereas most of the property prices in the Kessler neighborhoods are already pretty high.

Urban, by the way, there are at least 3 "mainstream" supermarkets within 5 miles of that area, as well as a huge Fiesta, a Carnival, a super WalMart, and numerous smaller and specialty stores.

[Insidetheloop]

What kills the homes in that area is that the neighborhood around the Stevens Park golf course feeds into Pinkston.

I love the topography, trees and homes....but the crappy schools are a deal breaker.

[UrbanHope]

Urban, by the way, there are at least 3 "mainstream" supermarkets within 5 miles of that area, as well as a huge Fiesta, a Carnival, a super WalMart, and numerous smaller and specialty stores.

Where are these "mainstream" markets? The only Wal Mart market I know of is at 75 & Hall.

[tamtagon]

I'm wondering how and when property values in the various neighborhoods/subdivisions in Oak Cliff will be affected by the Trinity development as it moves forward.

In my opinion, the sustained increase to Oak Cliff property value will not begin until all the park is finished and open to the public. The price starts going up when the first Calatrava bridge becomes visible, and artificially inflates to the extent that property investors compete with each other for fast track resale and developers consolidation property.

[vcross]

Where are these "mainstream" markets? The only Wal Mart market I know of is at 75 & Hall.

Thom Thumb and Albertsons are on Hampton Ave. Most people in Kessler/Stephen's Park shop at one of those two stores since they are less than 2 miles away. There is a Minyard's next to Stephen's Park that most people avoid even though it is adjacent to the neighborhood.

The Super Walmart is about 3 or 4 miles away.

[Cliff Dweller]

You beat me to it, vcross, thank you. Yes, that Minyard's is older and kind of dumpy, but certainly convenient for those quick ran-out-of-milk runs. The WalMart is at Pinnacle Park, straight shot down Ft. Worth Avenue.
And I disagree slightly with tamtagon, new projects are already going up partly in anitipation of the Trinity project. Lake Cliff Tower has been discussed elsewhere in these pages and there's also Trinity Townhomes going in across the street. With these new high-dollar units going in, I think a rise in general property prices in the area is inevitable.
Insidetheloop, you're absolutely right, DISD remains a stumbling block for residential real estate.

[katrina]

We live in Elmwood too! We are buying a place over by Lake Cliff Tower. We are really looking forward to moving over there .... the little lake is so pretty. I think values will go way up in that area over the next 5 years.
Katrina