THE CANYON IN OAK CLIFF AN URBAN CAMPUS

A 186 acre mixed-use urban development site in a vibrant diverse neighborhood 3 miles from the Central Business District of Dallas, Texas Create an entirely new community! OFFERING MEMORANDUM The opportunity You are invited to view The Canyon in Oak Cliff, one of the most exciting and largest urban infill development opportunities in North America. Envisioned as a close-in, cohesive community environment designed for real livability, workability, and convenience. Located less than five miles from Downtown Dallas, at the southwest corner of North Westmoreland Road and Interstate 30. The site is 1 mile in length north to south, with a unique topography by Dallas standards. The area contains rolling hills and valleys, offering vistas of this spectacular property with views of the downtown skyline and a running stream traversing the property south to north. At 186 acres, a developer has the opportunity to create a significant 30 acre highway fronting lifestyle retail project. The Property caps the west boundary of the North Oak Cliff neighborhood.

The Canyon’s Development Agreement with the City of Dallas provides for financing through a Tax Increment Finance District (“TIF”) that can reimburse the developer for up to $69 million in eligible improvements and up to $59 million for interest on unreimbursed expenses for a total project benefit not to exceed $128 million.

The Canyon is also part of the North Oak Cliff Municipal Management District (“NOCMMD”), which allows the district to issue tax- exempt bonds to reimburse the developer for eligible public infrastructure expenses. The combination of the TIF and the NOCMMD

UPTOWN

DESIGN DISTRICT ARTS DISTRICT BAYLOR

VICTORY PARK

DEEP ELLUM MARGARET HUNT HILL BRIDGE WEST END HISTORIC DISTRICT

FARMERS DALLAS MARKET CBD

TRINITY GROVE

CONVENTION CENTER Create an entirely new community! CEDARS

KESSLER METHODIST DALLAS MEDICAL CENTER STEVENS PARK GOLF COURSE

PINNACLE PARK

BISHOP ARTS DISTRICT Property uses would provide for expense reimbursement through the NOCMMD The Canyon’s easy access will draw workers, bonds with the TIF revenues providing debt service on the bonds. shoppers, diners, and residents from all corners of the Metroplex. Nearby employment centers SITE HIGHLIGHTS include Pinnacle Park, Mid Cities, Downtown Dallas CBD, The Arts District, Victory Park, Uptown, the SIZE: 186 acres Medical District, and the Dallas World Trade Center. ZONING: Planned Development 811 | Office | Retail | 7,500 garden style multi-family units Historic Oak Cliff and the Bishop Arts District, UTILITIES: To the site Uptown, and the rest of DFW’s hot spots are just minutes away, and The Canyon is only 20 minutes SITE INCENTIVES: TIF and MMD in place from DFW airport and 15 minutes from Love Field. INFRASTRUCTURE: Remainder of Colorado Blvd. is committed and funded by City of Dallas: 2,700 Linear Feet The Canyon is zoned as a Planned Development of exsisting spine road 811 District, which allows a wide range of residential and commercial land uses with flexible locations on the property. The zoning allows up to 1.2 million square feet of office space, 800,000 UPTOWN square feet of retail, up to 1,000 hotel rooms and DESIGN DISTRICT ARTS DISTRICT BAYLOR a maximum of 7,500 residential units including single family, townhouse and multifamily units. VICTORY PARK The Canyon has an approved Preliminary Plat that DEEP ELLUM establishes the major roadways, drainage and MARGARET HUNT HILL BRIDGE utility designs necessary to support the ultimate WEST END HISTORIC DISTRICT development of the property. Supporting documents

FARMERS and reports to the Preliminary Plat include the Traffic DALLAS MARKET CBD Impact Analysis Report, Master Water Plan and Hydraulic Model, Master Wastewater Plan, Master TRINITY GROVE Drainage Plan including a 100-year flood study under developed conditions and retention/detention plan.

CONVENTION CENTER Create an entirely new community! CEDARS

KESSLER METHODIST DALLAS MEDICAL CENTER STEVENS PARK GOLF COURSE

PINNACLE PARK

BISHOP ARTS DISTRICT DESIGN UPTOWN DALLAS CBD DISTRICT

TRINITY GROVES KESSLER

SYLVAN|30

PINNACLE BUSINESS PARK BISHOP ARTS DISTRICT

SYLVAN|30

FORT WORTH AVE.

Future Joey Georgusis Park Play in the neighborhood

Trinity Groves is a multiphase redevelopment effort of a former warehouse and light- industrial site that began with a 10.3- acre restaurant/specialty food incubator and destination project. The district is located along the Trinity River, across from downtown Dallas, at the base of the new and iconic Margaret Hunt Hill Bridge in West Dallas.

Trinity Groves currently includes 14 restaurants, two dessert shops, a culinary education and events center, and a brewery, all located in four buildings that were formerly used primarily as a trucking facility. Following on the success of the restaurant incubator concept, the developers have embarked on a plan and program to develop 90 adjacent acres with new apartment, condominium, hotel, and office space, as well as additional restaurant and retail space.

Located in the heart of North Oak Cliff, the Bishop Arts District is home to over 60 independent boutiques, restaurants, bars, coffee shops, and art galleries, making it one of Dallas’ most unique neighborhoods.

Layered with a vibrant social scene and laid-back atmosphere, The Bishop Arts District is a neighborhood rich in charm and history. Since the area’s revitalization, the Bishop Arts District has been featured in the New York Times, USA Today and The Daily Beast for its small-town feel, hidden-gem appeal, and close-knit community.

At the foot of the Belmont Hotel sits Sylvan 30, the latest destination in West Dallas with options to hit the spot for any taste.

Sylvan | Thirty is much more than just a place to pick up some vegetables or grab a quick bite to eat. With farmers markets, public art displays by local artisans and countless community events, Sylvan | Thirty always offers a hub of activity in the community.

Sylvan | Thirty includes more than 200 studios and lofts, local retailers and a local, organic grocery market with farm fresh produce, artisan breads and a high-quality butcher. Live in the neighborhood

CYPRESS AT TRINITY GROVES 320 Singleton Blvd | Dallas, TX 75212

Units: 352 Year built: 2017 Occupancy: 94% Managed by: Lincoln Property Co Parking: Community parking garage Average SF: 744 Average $/SF: $1.85

BELL BISHOP ARTS 1816 W Davis Street | Dallas, TX 75208

Units: 207 Year built: 2013 Occupancy: 91.7% Managed by: Bell Partners Inc. Parking: Detached garages | Covered parking Average SF: 863 Average $/SF: $1.45

LOFTS AT SYLVAN | THIRTY 750 Fort Worth Ave | Dallas, TX 75208

Units: 201 Year built: 2014 Occupancy: 92% Managed by: Magnolia Property Co Parking: Community parking garage Average SF: 856 Average $/SF: $1.75

LINCOLN KESSLER PARK 400 Fort Worth Ave | Dallas, TX 75211

Units: 299 Year built: 2017 Occupancy: 57% Managed by: Lincoln Property Co Parking: Attached and Detached garages Average SF: 972 Average $/SF: $1.62 For additional information:

Michael Swaldi, AIA, SIOR Managing Director 214.438.6219 [email protected]

Nick Hayden Senior Associate The Canyon in Oak Cliff 214.438.6488 186 acre mixed-use urban development [email protected] SWC of North Westmoreland and Interstate 30 Dallas, Texas 75208 Create an entirely new community!