-- Dallas’ ongoing debate over the future of City Hall and the surrounding corridor, recently spotlighted in a Dallas Business Journal cover story, is putting new attention on 1823 Cadiz Street, a 0.67-acre development site assembled by Wildcat Management less than six blocks from City Hall and the Kay Bailey Hutchison Convention Center. The property sits in the heart of the City Hall and convention center corridor in Downtown Dallas.
Covering nearly half a city block, the site is one of the largest available land parcels remaining in the central business district of the ninth largest city in the United States. Zoning within Planned Development District 357 allows a wide range of commercial, residential and mixed-use programs with no height limit, and the property lies within the Newpark Tax Increment Financing District and a designated federal Opportunity Zone, giving investors and developers additional tools to structure a capital stack.
City leaders and business groups are weighing options for the aging City Hall complex, and the Dallas City Council has directed the city manager to evaluate real estate alternatives and redevelopment scenarios that support the convention center plan.
At the same time, Dallas is advancing a multi-billion-dollar convention center redevelopment and related infrastructure projects in the surrounding streets. Major private proposals in the same area include the planned Newpark mixed use district and Hunt Realty’s concept for a multi-billion-dollar mixed use project on approximately 20 acres near Reunion Tower.
Ongoing conversations about a potential new home for the Dallas Mavericks and other major civic uses keep attention on this stretch of Cadiz and the blocks between City Hall, the convention center and the Farmers Market District.
Within that context, 1823 Cadiz Street can support a range of concepts, including high rise multifamily with ground floor retail, hospitality with meeting and event space, or a mixed-use program that combines residential, hotel and active street level uses. Previous planning exercises have contemplated schemes of approximately 250 multifamily units or a 200 key hotel with street level retail, although Wildcat notes that the site can be tailored to a variety of investor strategies.
“There is a massive amount of development happening all around City Hall, an incredible opportunity for the city to be tied into that,” said Tanya Ragan, president of Wildcat Management. “For developers, chances to control large, contiguous land in fast growing downtowns are becoming scarce, and that is especially true in Dallas.”
Ragan, a Texas ICON honoree, has been an active advocate for investing in Downtown Dallas and surrounding districts as the region attracts corporate relocations, institutional capital and new residents. She has also written about why she is betting on Dallas and North Texas in her article “Dallas, Texas, Land of Opportunity, Why I Am Betting Big on North Texas.”
“For the right investor, this is a chance to design something that fits with the civic investments already under way and tells a clear story to tenants, guests and capital partners,” Ragan said. “You are not speculating on what Dallas might become. You are building into momentum that is already here.”
Parties interested in 1823 Cadiz Street can request additional information by contacting Wildcat Management.
About Us: Wildcat Management is a Dallas based real estate development and investment firm led by entrepreneur and developer Tanya Ragan. The firm focuses on revitalizing urban communities through placemaking, historic preservation and adaptive reuse, and pairing long term ownership with strategic partnerships. Its portfolio includes projects such as the Liberty Building, the Purse Building and ongoing work in the Farmers Market neighborhood, reflecting a commitment to preserving architectural heritage while advancing modern growth across North Texas.
Contact Info:
Name: Monica Moreno
Email: Send Email
Organization: Wildcat Management
Address: 1801 N Lamar St #201, Dallas, TX 75202
Phone: (214) 758-0348
Website: https://pursebuildingdallas.com/
Release ID: 89177884
Google
RSS