A property touted as the largest single redevelopment site in West Dallas is in play to developers.
The 40-acre tract at 1000 Singleton Boulevard is just west of the booming Trinity Groves district.
Developer StreetLights Residential is negotiating to acquire the tract now occupied by old metal industrial buildings.
The apartment developer would use the property for a large rental housing and retail community, property brokers familiar with the deal say.
The development has the potential to play a key role in the renaissance of West Dallas from a heavy commercial district to an urban neighborhood with new homes, restaurants and retail space.
Henry S. Miller Brokerage LLC agent John Bielamowicz has been marketing the Singleton property to potential buyers for about six months. The industrial site is owned by a unit of Austin Industries.
The development site stretches from the southwest corner of Singleton and Obenchain Street all the way south to the Union Pacific Railroad line.
It’s just north of the popular Belmont Hotel and the new Sylvan Thirty apartment and retail development.
StreetLights representatives declined to comment on the deal. But filings for preliminary planning approvals have already been made with the City of Dallas.
With construction of the Margaret Hunt Hill Bridge and success of the Trinity Groves restaurant and retail complex, apartment developers have been flocking to the area west of downtown Dallas.
Developer Trammell Crow Residential has plans to build more than 300 apartments on West Commerce Street on the site of the vacant Mission Motel and adjoining property.
Apartment builder Wood Partners is already building a rental community in the same area.
And the Sylvan Thirty apartment and shopping center are scheduled to open later this month at the southeast corner of Sylvan and Fort Worth Avenue.
Other apartment communities are planned in the West Dallas neighborhood by Columbus Realty Partners and Henry S. Miller.
The Singleton Boulevard project would be StreetLights Residential’s first deal south of the Trinity River.
The Dallas-based developer has finished one highrise apartment project in Dallas’ Uptown district and has two more in the works there.
StreetLights is also building a rental community in the Canals at Grand Park development in Frisco.
Steve Brown- Dallas News