MarkL2023
21 May 2007, 03:58 PM
Not sure if this already has a thread....
Developer breaks ground on Love Field development 1:50 PM CDT
01:54 PM CDT on Monday, May 21, 2007
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
After more than a year of planning, a Denver-based developer has broken ground on a mixed-use development at the north end of Dallas' Love Field.
Archstone-Smith's The Shops at Bluffview complex will contain apartments built on-top of retail space and is located at Lemmon Avenue and Northwest Highway. The property was previously known as The Plaza on Bachman Creek.
Archstone-Smith bought the shopping center in 2004 and has been working on redevelopment designs.
The project they have now started will include 181-loft apartments with 205,000 square feet of new retail space located in a town square style complex overlooking Bachman Creek.
The new buildings will adjoin the existing The Embassy Suites Hotel and two office towers.
"There is no other land in close proximity within this prime infill area where we could offer so much to our customer," Tom Scaling, vice president of Archstone-Smith, said in a statement released Monday.
About 25,000 square feet of the existing shopping center will be demolished to make way for the new construction.
After opening in 1986, The Plaza on Bachman Creek suffered declining occupancy in recent years.
The developers hope to rent the new space to local shops, restaurants and boutiques.
"With Bachman Creek running along the south side of our property, we feel we have an added amenity that not many developers can offer their tenants," Mr. Scaling said.
Archstone-Smith is one of the country's largest apartment developers and investors with properties in major cities including Washington, D.C., in Southern California, the San Francisco Bay Area, the New York metropolitan area, Seattle and Boston. The company owns more than 86,000 rental units.
Developer breaks ground on Love Field development 1:50 PM CDT
01:54 PM CDT on Monday, May 21, 2007
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
After more than a year of planning, a Denver-based developer has broken ground on a mixed-use development at the north end of Dallas' Love Field.
Archstone-Smith's The Shops at Bluffview complex will contain apartments built on-top of retail space and is located at Lemmon Avenue and Northwest Highway. The property was previously known as The Plaza on Bachman Creek.
Archstone-Smith bought the shopping center in 2004 and has been working on redevelopment designs.
The project they have now started will include 181-loft apartments with 205,000 square feet of new retail space located in a town square style complex overlooking Bachman Creek.
The new buildings will adjoin the existing The Embassy Suites Hotel and two office towers.
"There is no other land in close proximity within this prime infill area where we could offer so much to our customer," Tom Scaling, vice president of Archstone-Smith, said in a statement released Monday.
About 25,000 square feet of the existing shopping center will be demolished to make way for the new construction.
After opening in 1986, The Plaza on Bachman Creek suffered declining occupancy in recent years.
The developers hope to rent the new space to local shops, restaurants and boutiques.
"With Bachman Creek running along the south side of our property, we feel we have an added amenity that not many developers can offer their tenants," Mr. Scaling said.
Archstone-Smith is one of the country's largest apartment developers and investors with properties in major cities including Washington, D.C., in Southern California, the San Francisco Bay Area, the New York metropolitan area, Seattle and Boston. The company owns more than 86,000 rental units.