Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Friday, February 12, 2016
Provident Realty gets big corporate interest in $500M Preston Hollow Village
As Dallas-based development firm Provident Realty Advisors begins the next phase of North Dallas' Preston Hollow Village mixed-use development, CEO Leon Backes said he's getting some big corporate interest on the parcel fronting North Central Expressway.
The tract sits north of the new Trader Joe's grocery store at the northwest corner of Walnut Hill Lane and North Central Expressway and could accommodate a headquarters or big office operation, said Backes, who recently gave the Dallas Business Journal a tour of Preston Hollow Village, which has landed some new retail and office tenants.
"We were pleasantly surprised with the response we got with the smaller office building we built at Preston Hollow Village and there has been increased interest in the Central Expressway corridor," he told the DBJ."I think this could be a good addition to the rest of the development and could be a way to get more daytime population into the project for restaurants."
The office portion of Preston Hollow Village is already 84 percent leased after being completed last year, with Pediatric Associates slated to open in June and a Ross Perot Jr. affiliated company — Access Healthcare — recently moving into its new office on the property.