Construction crews in West Dallas are starting work on a high-profile development site that’s been vacant for almost a decade.
The former Colorado Place property on Fort Worth Avenue is being rebuilt into 299 apartments with retail space by one of Dallas’ largest developers, Lincoln Property Co.
The new project is just one of a series of major developments in the works on the avenue running west of downtown Dallas.
Old properties along Fort Worth Avenue, West Commerce Street and Singleton Boulevard are being recycled into new apartments, restaurants and retail.
Lincoln Property bought the 18-acre Colorado Place property at Fort Worth Avenue and Colorado Boulevard earlier this year. The vacant land — next to Oak Cliff’s popular Kessler Park and Stevens Park neighborhoods — was previously occupied by apartments built in the 1940s.
Before the recession, developers were planning a large mixed-use development. But the deal stalled, and the property changed hands a couple of time.
“We are doing 299 apartments on about 12.5 acres,” said Ben Breunig, Lincoln’s vice president of development. And 5 acres along Fort Worth Avenue at the front of the property are being reserved for retail development. Read More >