Dallas Environmental 7,495 VPD Bickers St
Science Ave Sylvan
Academy Ave N Winnetka
CONFIDENTIAL OFFERING MEMORANDUM
Johnny
Oates Rd Baseball
Field
35,302 35,302 VPD Puget St Puget Fish Trap Vilbig Benito
Lake WEST DALLAS DEVELOPMENTJuarez SITES Park Park
LG ±5 & 1.4 ACRESDennison AVAILABLE St IN REDEVELOPINGVPD 11,152 OAK CLIFF Pinkston Fish High Nomas St School Trap Lorenzo De Future High- FORTLake WORTH AVENUE, DALLAS, TEXAS 75208 Zavala Rise Office Elementary Development
School
N Hampton Rd N Hampton
15,847 VPD Singleton Blvd 15,518 VPD Singleton Blvd Sylvan Ave Sylvan Future Hattie Hotel/Office Rankin Development Moore Branch Park Phase II Development
Trinity Green
Development
17,325 VPD 17,325
W Commerce St
36,786 36,786 VPD
Rd
Sidney VPD
Vilbig Lanier
Expressive Ave Beckley N Arts Branch Vanguard Kessler Parkway
#2 #1 Park
Sylvan Ave Sylvan
Coombs Creek
151 Trail
Edgefield Ave Edgefield
N Hampton Rd N Hampton
ExclusivelyVPD 25,847 Offered By: 14,582 VPD 14,582 Ty Underwood
Stevens SLJ Park Golf 214-520-8818 ext. 4
COMPANY, LLC W Colorado Blvd Course
4311 W. Lovers Lane, Suite 200 Fax: 214-520-8815 BranchDallas, TX 75209 214-520-8818 [email protected] 29,922 29,922 VPD W Colorado Blvd TABLE OF CONTENTS FORT WORTH AVE | 1
I. EXECUTIVE SUMMARY 2
II. PROPERTY PROFILE 3
III. AERIAL PHOTOGRAPH 4
IV. SURVEYS 5
V. LOCATION MAP 8
VI. LOCATION OVERVIEW 9
DEMOGRAPHICS #1 VII. 11 #2
VIII. DISCLAIMER & DISCLOSURE 12 EXECUTIVE SUMMARY & HIGHLIGHTS FORT WORTH AVE | 2
EXECUTIVE SUMMARY PROPERTY HIGHLIGHTS
SLJ Company, LLC (“SLJ”) has been PRIME INFILL LOCATION exclusively retained to offer West Dallas These sites present exceptional development opportunities just minutes from Development Sites, a collection of infill Downtown Dallas and some of the largest redevelopments underway in the entire development sites on Fort Worth Ave., in the metro area. rapidly redeveloping West Dallas neighborhood of Oak Cliff. OUTSTANDING ACCESS Just south of Interstate-30, the Sites benefit from the vast infrastructure These West Dallas Development Sites are improvements happening in the area. The $117 million Margaret Hunt Hill Bridge situated along Fort Worth Avenue, allowing a connects Downtown Dallas to the new Trinity Groves area of West Dallas, providing new owner the opportunity to develop a exceptional access into Uptown and Downtown. The $115 million Margaret number of permitted uses including office, McDermott Bridge is under construction and will upgrade the current I-30 bridge residential, and retail. The Properties are over the Trinity River with 16 lanes and pedestrian/bike access connecting into the ideally located just minutes from Downtown Katy Trail. DART has begun construction on a 2.6 mile street-car, Blue Line Dallas, Trinity Groves, and Dallas’ Bishop Arts extension that will open late 2016 just minutes from the Sites and further fuel the and Design Districts. Just south of Interstate- significant growth in the area. 30, the Sites are adjacent to one of the busiest thoroughfares in Dallas/Fort Worth, REDEVELOPMENT allowing easy access to any destination in The area is quickly redeveloping with over 3,600 new multifamily units in Dallas/Fort Worth. The Properties’ prime developments such as Alta Yorktown, Cypress at Trinity Groves and Alexan West, locations offer the opportunity to participate among others. in the area’s transformation along with developers such as Trammell Crow IMPROVING DEMOGRAPHICS Residential, Wood Partners, Alliance As older properties are either demolished to make way for new developments or Residential, Stonelake Capital Partners, significantly upgraded, there has been a rapid shift in the residents of West Dallas Columbus Realty Partners and Corinth to higher income young professionals. Properties, among many others. ABUNDANT NEARBY ECONOMIC DRIVERS Overall these West Dallas Development Sites The Properties sit amongst a number of surrounding economic drivers including offer investors the opportunity to secure Downtown Dallas, Trinity Groves, Bishop Arts District, Methodist Dallas Medical prime development sites in one of Dallas’ Center, Uptown Dallas, Dallas Medical District, Trinity River Corridor Project, Dallas hottest markets and participate in the Design District, The Canyon in Oak Cliff, Sylvan Thirty and Coombs Creek Trail, transformation of this infill neighborhood. among others.
PROPERTY PROFILE FORT WORTH AVE | 3
LOCATION The subject properties are located on Fort Worth Ave., between ADDRESS Interstate 30 and Sylvan Ave., in the rapidly redeveloping West 1508 - 1512 Fort Worth Ave. Dallas neighborhood of North Oak Cliff in Dallas, Texas. #1 Dallas, TX 75208 TOTAL LAND AREA 6.38 Acres (277,924 Square Feet) LAND AREA 1.431 Acres (62,348 Square Feet) ZONING PD-714 (Subdistrict 2B) LOT DIMENSIONS Setbacks: Front – 60’ Frontage on Fort Worth Ave: Approximately 145 feet Side/Rear – 20’ adjacent to Maximum Depth: Approximately 413 feet residential Maximum Dwelling Unit Density: None Minimum Dwelling Unit Size: 450 square feet Maximum Floor Area Ratio: Varies depending on whether the development is a mixed-use project Maximum Height: 80 feet ADDRESS Maximum Stories: 6 1618 - 1732 Fort Worth Ave. Maximum Lot Coverage: 80% #2 Dallas, TX 75208 Special Standards: Residential Proximity Slope Primary Uses: Mixed-Use, Retail, Office, Lodging, and Multifamily* *Multifamily uses are only permitted as a component of a mixed-use project LAND AREA 4.949 Acres (215,576 Square Feet) TRAFFIC COUNTS LOT DIMENSIONS Fort Worth Ave. 15,326 VPD (2013) Tom Landry Fwy. (I-30) 140,151 VPD (2004) Frontage on Fort Worth Ave: Approximately 558 feet Maximum Depth: Approximately 415 feet MINERALS None
AERIAL PHOTOGRAPH FORT WORTH AVE | 4
Navaro
Vilbig
St
Rd
Branch
Branch SITE#1 SITE#2
4.949 Acres
Landry SURVEY FORT WORTH AVE | 5 SURVEY FORT WORTH AVE | 6 SURVEY FORT WORTH AVE | 7 Dallas Environmental 7,495 VPD Bickers St
Science Ave Sylvan FORT WORTH AVE | 8
AcademyLOCATION MAP Ave N Winnetka
Johnny
Oates Rd Baseball
Field
35,302 35,302 VPD Puget St Puget Fish Trap Vilbig Benito
Lake Juarez Park Park
LG Pinkston Dennison St VPD 11,152 Fish High Nomas St School Trap Lorenzo De Future High- Lake Zavala Rise Office Elementary Development
School
N Hampton Rd N Hampton
15,847 VPD Singleton Blvd 15,518 VPD Singleton Blvd Sylvan Ave Sylvan Future Hattie Hotel/Office Rankin Development Moore Branch Park Phase II Development
Trinity Green
Development
17,325 VPD 17,325
W Commerce St
36,786 36,786 VPD
Rd
Sidney VPD
Vilbig Lanier
Expressive Ave Beckley N Arts Branch Vanguard Kessler Parkway
#2 #1 Park
Sylvan Ave Sylvan
Coombs Creek
151 Trail
Edgefield Ave Edgefield
N Hampton Rd N Hampton
25,847 VPD 25,847 14,582 VPD 14,582
Stevens Park Golf
W Colorado Blvd Course
Branch
29,922 29,922 VPD W Colorado Blvd LOCATION OVERVIEW FORT WORTH AVE | 9
ABUNDANT NEARBY ECONOMIC DRIVERS DALLAS DESIGN DISTRICT Situated on 54 acres, the Dallas Design District contains more than DOWNTOWN DALLAS 80 show rooms and millions of square feet of industrial space, two The Sites are only two miles from a workforce of more than miles north. 135,000 works, three Fortune 500 headquarters, and more than 2,500 businesses. THE CANYON IN OAK CLIFF A 200-acre, mixed-use development that integrates Texas Hill TRINITY GROVES Country terrain, several hundred thousand square feet of retail & Trinity Groves is a 60-acre redevelopment of new restaurant, retail, restaurant space, and office development sites, less than two miles and entertainment destinations only one mile north of the Sites. west.
BISHOP ARTS DISTRICT SYLVAN THIRTY Dallas’ Bishop Arts District is home to the area’s most popular Sylvan Thirty is a mixed-use development featuring retail and a dining and nightlife with more than 60 award winning restaurants, local organic grocery store just one-half mile northeast of the Sites. gift & specialty shops, and galleries, just two miles away. COOMBS CREEK TRAIL METHODIST DALLAS MEDICAL CENTER Recently, construction was announced for a $3.5 million extension Methodist Dallas is one of the largest hospitals in the area serving of the Coombs Creek Trail, a popular hike/bike trail that runs near the nearby patients with 515 beds and more than 800 physicians. the Sites and will now connect the area to Downtown Dallas.
UPTOWN DALLAS Uptown Dallas is home to the city’s strongest office, retail, and hospitality markets, just three miles away.
DALLAS MEDICAL DISTRICT The Dallas Medical District continues to flourish and expand with the recent completion of two new hospitals; the brand new $1.3 billion dollar Parkland Memorial Hospital and the $800 million dollar state-of-the-art William P. Clements Jr. University Hospital at UT Southwestern.
TRINITY RIVER CORRIDOR PROJECT This $2.2 billion project called for the redevelopment of 10,000 acres into the largest urban park in the nation, just minutes east of the Sites.
LOCATION OVERVIEW FORT WORTH AVE | 10 DEMOGRAPHICS FORT WORTH AVE | 11
POPULATION RADIUS 1 MILE 3 MILE 5 MILE 2015 Total Population 13,618 141,498 367,340 2015 Estimated Households 4,849 40,779 119,663
AGE RADIUS 1 MILE 3 MILE 5 MILE 2015 Median Age Estimate 41 35 37
INCOME RADIUS 1 MILE 3 MILE 5 MILE
2015 Avg Household Income $65,538 $43,389 $46,794
POPULATION BY ETHNICITY RADIUS 1 MILE 3 MILE 5 MILE
2015 White 12,281 118,346 276,256 2015 Black 1,073 20,872 75,857 2015 Native American 64 1,214 3,748 2015 Asian 139 523 6,923 2015 Pacific Islander 4 27 897 2015 Two or More Races 57 516 3,659 2015 Hispanic 9,718 106,080 245,432 2015 White Non-Hispanic 2,717 15,206 44,917 DISCLAIMER & DISCLOSURE FORT WORTH AVE | 12
The material contained in this Memorandum is confidential, furnished solely for the purpose of considering an investment in the properties described herein, and is not to be used for any other purpose, or made available to any other person without the express written consent of the SLJ Company, LLC. The material is based, in part, upon information obtained from third party sources, which SLJ Company, LLC deems to be reliable. However, no warranty or representation is made by SLJ Company, LLC or its affiliates, agents, or representations as to the accuracy or completeness of the information contained herein. Prospective investors should make their own investigations, projections, and conclusions regarding this investment.