Riverfront Project in the Works Would Link Downtown Dallas, Uptown to the Trinity River

A new waterfront development in the works near downtown Dallas would bring housing, retail and commercial buildings to the banks of the Trinity River.Developers Forest City Realty and Trademark Property are teaming up on the mixed-use development proposed on Riverfront Boulevard at the Margaret Hunt Hill Bridge.The roughly 42-acre building site is on both sides of the bridge along the banks of the river."I believe it as outstanding piece of real estate that will be connective tissue with West Dallas, Uptown, Victory and downtown Dallas," said Terry Montesi, CEO of Fort Worth-based Trademark. "It's right in the middle of where the $150 million park on the Trinity River is planned."This is where you could have multifamily homes, hotel, office and retail with access to a promenade and the park," Montesi said. "We think we can do a special mixed-use neighborhood."The development team is working on designs for the project and the infrastructure that would be needed to connect the site to the river and the neighborhood.Developing on Dallas' long neglected waterfront has long been a goal of city leaders and planners.Long running plans to construct park and recreation facilities and pedestrian trails in the huge river floodplain between downtown, West Dallas and Oak Cliff have been slowly moving ahead.The Riverfront Boulevard property Forest City and Trademark are focused on is one of the largest development sites along the riverbanks."It's a really strategic, wonderful piece of real estate we think has real opportunity if we can get the Corps of Engineers, the city and the folks development the park to work together with us," Montesi said. "It will take a public-private partnership."Forest City senior vice president Jim Truitt said the two real estate firms have the land under contract to purchase, but it's too early to talk about specific details of a development.  Continue reading...

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