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
Monday, February 06, 2017
Parkland puts former campus in Dallas' Medical District on the market
The campus sits on five adjacent sites totaling 38.3 acres of land at Harry Hines Boulevard and Medical District Drive in the Medical District. It sits one block east of Stemmons Freeway.
"The former Parkland Memorial Hospital campus presents a generational opportunity to acquire a substantial stake in the ongoing renaissance of Dallas' premier emerging marketplace and at the heart of the city's most important concentration of the medical services community," said John Alvarado, a senior vice president at CBRE, in a statement.
In this real estate cycle, the Medical District has exceeded $3 billion in the development of new medical facilities. The campus represents a significant redevelopment opportunity in Dallas-Fort Worth, Alvarado said.
The campus is zoned as Mixed-Use District 3, which allows for high density classification outside the city's urban core. It is also served by TRE and DART rail stations within walking distance to the property.