A long-awaited East Dallas redevelopment project may finally get off the ground.
It’s been five years since developers won hard-fought zoning to build new retail and restaurant buildings along Henderson Avenue east of U.S. Highway 75.
Acadia Realty Trust last year paid $85.4 million for the restaurant, retail and commercial buildings along Henderson as well as the vacant land for construction. The purchase included more than 160,000 square feet of buildings that house tenants including Sprouts grocery, Henderson Tap House, Fireside Pies, Warby Parker and Tecovas.
More than 4 acres of undeveloped lots along Henderson were included in the sale. The properties were rezoned in 2018 to allow construction of retail, offices and restaurants.
Acadia Realty Trust plans to start construction this summer on more than 12,000 square feet of retail buildings along Henderson, according to planning documents filed with the Texas Department of Licensing and Regulation. The single-story buildings will cost more than $3.4 million and were designed by Dallas architect GFF, the filing shows.
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