Town Center rezoning: No big deal, apparently

Turns out the big to-do about the proposed zoning changes at the Lake Highlands Town Center appears to be much ado about nothing.

Because of the nature of the SUP zoning originally granted to the Town Center, even relatively minor changes such as slightly altering sidewalk widths or changing the way trees are handled on-site requires council approval, and that’s about all that appears to be happening with this request.

"I don’t see this as having any problems getting through the plan commission or the council," says councilman Jerry Allen. "It’s mostly cosmetic in nature. This is Prescott coming back after a couple of years, getting information on this thing, seeing what they need to do with this thing. It’s mostly fine-tuning."

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In fact, if you read this month’s magazine cover story about the Town Center and check out the various illustrations in the magazine, you’ll find that most of the zoning changes should have no affect on the development, and you’ll also wind up with a pretty good idea about what Prescott Realty has planned for the site.

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We’ll continue to keep an eye on the developments there, but no need to get worked up at this point.

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  • Rick Wamre

    If you click on the “related story” link underneath the main post, it will direct you to a couple of items we wrote about Prescott’s financial situation awhile back. To my knowledge, nothing has changed. Prescott says the filing on the other project will have no bearing on the Town Center. What’s holding property development back more than anything else is the economy; commercial lending has virtually collapsed, so even if a retailer wanted to locate at the Town Center, the business ‘ and Prescott ‘ are unlikely to be able to borrow enough money to make that happen now. And given the already enormous, and still growing, amount of commercial space being vacated by failing businesses elsewhere in Dallas, it could be awhile before the Town Center’s retail and office projects get off the ground. But the multi-family and single-family could start as early as next year, given financing and demand, and it only takes one blockbuster commercial deal to turn things around for a project like this.

  • Jason

    Based on the zoning change requests, it sounds like the project is moving forward. I have heard rumors that Prescott is in bad financial straits and the project is pretty much dead in the water. Can someone please confirm the status? I haven’t had a chance to read the print article yet.