Friday, October 31, 2008

Developers to unveil plans for huge project near North Central Expressway

Developers that own more than 80 acres on the east side of North Central Expressway in Dallas are expected to unveil plans for the property next week.

Valencia Capital Management has scheduled a briefing Nov. 6 to show off its MidtownPark project, along Manderville Lane just north of Presbyterian Hospital.

The real estate investment firm demolished a neighborhood of apartment complexes to make way for construction.

Valencia has a master plan for the redevelopment and has been trying to sell the properties to builders for about a year.

The land is zoned for 3,800 apartments, condos and townhouses, 90,000 square feet of retail and 930,000 square feet of office space.

It's along DART's light-rail line and includes frontage on North Central Expressway.

To make way for the project, Valencia plans to implode the former Holiday Inn on Central near Meadow Road on Nov. 9.