The news last week that a group of apartments in north Dallas is going to be torn down to make way for another town center-style development means that there are at least eight major retail and housing developments either operating, in the process of being built, or being developed in the Central Expressway-Tollway corridor.
Start at West Village, cross over to the proposed development at the Loews theater site, then up Central to Mockingbird Station, the Park Place center, the Timbercreek, Lake Highlands and Preston Hollow/Urban Village projects, and then over to the new north Dallas deal. Or are there some I have not noticed? That’s only 10 miles from south to north.
Are there enough Gaps in the world to fill all that space? More seriously, given tight credit markets and the slowdown in housing, who is going to finance these deals and who is going to move into these homes?
