Friday, April 13, 2012

Lincoln Property planning big White Rock retail center


David Woo/Staff Photographer
A few years ago, builders proposed tearing down the retail complex at Gaston Avenue and Garland Road, but Lincoln Property plans to remodel instead.
Developer Lincoln Property Co. is buying both sides of Gaston Avenue at Garland Road near White Rock Lake for a major retail center.
The shopping center project will include redeveloping the property now occupied by the East Dallas YMCA, along with the two-story shopping center across the street.
The project is close to 15 acres, making it one of the largest such developments on tap for East Dallas.
“We are looking at a big retail center,” said Lincoln Property executive vice president Robert Dozier. “This is one of the best potential development sites in the city.”
Lincoln Property bought the Lakeview Centre at the southwest corner of Gaston and Garland Road where East Grand Avenue intersects. Built in 1987, the 82,000-square-foot shopping center is mostly vacant.
A few years ago, builders proposed tearing down the retail complex to replace it with new mixed-use construction.
But Dozier said Lincoln plans to remodel the property and will keep it as a shopping center.
Across the street, Lincoln is under contract to buy the YMCA’s 46,000-square-foot building and the adjoining space used for a nightclub.
The YMCA is working on plans for a new facility up the street at Gaston and Loving Street.
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