DOCSLIB.ORG

Absolute Net Lease Investment Opportunity

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY • Two Infill Land Tracts Near Love Field Airport • 30.232 Acres of Airport Parking • Two 30-Year Leases to The City of Dallas • Absolute Net Structure - Minimal Landlord Responsibilities INTRODUCTION Stream Realty Partners is pleased to exclusively offer to qualified investors the PROJECT & LEASE SUMMARY opportunity to acquire a ONE-OF-A-KIND, 30-year absolute net leased investment with a AA rated municipal entity as Tenant. The Property consists of two land SITE 1 SITE 2 sites located at 6814 Harry Hines & 6333 Denton Drive in Dallas, Texas, totaling approximately 30.2 acres of land. Due to the Property’s close proximity to Dallas’ Location 6814 Harry Hines 6333 Denton Drive Love Field Airport, The City of Dallas (“Tenant”) has leased the sites in order to expand automotive parking operations at Love Field Airport. Both of the leases Land Size 13.44 Acres 16.79 Acres are structured on 30-year, absolute net leases with periodic fixed Tenant purchase Tenant City of Dallas City of Dallas options commencing in the 5th year of lease term. Lease Term (A) 30 Years 30 Years INVESTMENT HIGHLIGHTS Annual Base Rent Call for Information Call for Information INVESTMENT GRADE TENANCY The City of Dallas is the Tenant on both sites; which has recent AA rated bond issues. (A) Tenant has purchase options on both leases commencing month 60 ABSOLUTE NET LEASES Both leases are structured on absolute net leases, minimizing ownership management responsibilities. 12 LEMMON AVENUE CASH FLOW Dallas Love In aggregate, the two leases generate potentially $152.2 Million in cash flow through12 Tenant’s base rent obligation. Field INWOOD ROAD INWOOD DALLAS NORTH TOLLWAY QUANTIFIABLE EXIT STRATEGY HARRY HINES BOULEVARD DENTON DRIVE The leases were structured with Tenant purchase rights at fixed prices that are 35E available to tenant annually beginning in the 6th lease year of each lease. W. MOCKINGBIRD LANE REAL ESTATE The leases are backed by two extremely well located, infill sites in the heart of the CEDAR SPRINGS ROAD Love Field airport market along Mockingbird Lane and Medical Corridor along Harry REGAL ROAD LEMMON AVENUE Hines Boulevard. SITE 2 MAPLE AVENUE SITE 1 183 SURROUNDING DEVELOPMENT W. MOCKINGBIRD LANE In the immediate vicinity of the project, there are over 3,000 multifamily units under construction or planned. Additionally, there are plans for two hotels and 150,000 SF INWOOD ROAD of office, located adjacent to the site. 2 N PrestonPreston CenterCenter UptownUptown DallasDallas SITE 2 DartDart RailRail 6333 DENTON DRIVE Orange/GreenOrange/Green LineLine CEDARCEDAR SPRINGSSPRINGS ROADROAD M MANO DallasDallas LoveLove DENTONDENTON DRIVEDRIVE OR W WAY FieldField AirportAirport W.W. MOCKINGBIRDMOCKINGBIRD LANELANE MAPLEMAPLE AVENUEAVENUE “West“West Love”Love” SITE 1 6814 HARRY HINES BLVD HAWES AVENUE EMPIREEMPIRE CENTRALCENTRAL DRIVEDRIVE FORESTFOREST PARKPARK DRIVEDRIVE 3 HARRY HINES BOULEVARD N DowntownDowntown DallasDallas ParkPark CitiesCities UptownUptown DallasDallas 12 11 7 8 M 6 CEDARCEDAR SPRINGSSPRINGS ROADROAD MANO OR W DENTONDENTON DRIVEDRIVE WAY DallasDallas LoveLove SITE 2 10 1 6333 DENTON DRIVE 5 FieldField AirportAirport 9 13 W.W. MOCKINGBIRDMOCKINGBIRD LANELANE MAPLE AVENUE 3 4 2 HAWES AVENUEMultifamily/Retail/Multifamily/Retail/ OceOce UseUse SITE 1 6814 HARRY HINES BLVD FORESTFOREST PARKPARK DRIVEDRIVE 1 Love Field Airport 8 Children’s Medical Center EMPIREEMPIRE CENTRALCENTRAL DRIVEDRIVE West Love – Office, Retail, Multifamily UT Southwestern Medical Center – 2 9 Development Student Housing UTSouthwestern Medical Center – UT Southwestern Medical Center – 3 10 Center for BrainHealth North Campus UT Southwestern Medical Center - Wil- 4 11 Dallas Market Center / Infomart liam P. Clements Jr. University Hospital UT Southwestern Medical Center – 5 12 Southern Methodist University HARRY HINES BOULEVARDWest Campus UT Southwestern Medical Center – 6 13 Proposed Greenway Development South Campus 7 Parkland Hospital OVERVIEW AND FACTS CITY OF DALLAS HIGHLIGHTS • The city has realized four consecutive years of tax base gains reflecting new development and a robust real estate market. • Operating revenues are diverse, comprised of property taxes (42%), sales taxes (23%), service charges (17%), and franchise fees (13%). • The city’s August 2015 unemployment rate of 3.9% is below Texas (4.4%) and the U.S. average of 5.2% for the same period. • The City of Dallas has approximately 13,000 employees, with an annual budget of $3.0 billion for the fiscal year ending in September 2016. • Property values in the City of Dallas are anticipated to be $100.32 billion in 2016, projecting $799.5 million in annual property tax revenue for the City. • Of the City’s $3.0 billion budget, $2.392 billion will be allocated to operations such as Public Safety, Culture and Arts, Aviation, and Debt Service. The remaining $704 million will be allocated to capital projects in the city. LOVE FIELD AIRPORT MEDICAL CORRIDOR OVERVIEW AND FACTS Owned and operated by the City of Dallas, Dallas Love Field airport is located in The Dallas Medical District stretches more than 1,000 acres attracting nearly 2.6 the heart of Dallas, seven miles northwest of the downtown central business district million patient visits a year, tallying more than 2,000 licensed beds and greater than and is managed by the City’s Department of Aviation. Dallas Love Field handles 29,000 employees across numerous facilities, the most recognizable being Children’s both commercial airline and corporate user needs, serving in excess of 8 million Medical Center, Parkland Hospital and the UT Southwestern Medical Center. Services passengers a year. The airport has a $3.4 billion impact on the regional economy, range from pediatric preventive care and geriatric services to life-saving emergency and it directly contributes $1 billion in revenue annually. care and heart transplants. The District location is loosely defined by Mockingbird Lane (to the north), Medical District Drive (to the South), the Stemmons Freeway/ Interstate 35 (to the West), and Maple Avenue (to the east). 5 INVESTMENT SALES TEAM TERMS AND CONDITIONS Jamie Jennings OFFERING PACKAGE Managing Director Seller is seeking bids for its fee simple interest in Dallas Love Field Land 214.267.0452 [email protected] TERMS All cash; as-is, where-is. James Mantzuranis Senior Associate SUBMIT OFFER TO 214.267.0494 Jamie Jennings or James Mantzuranis [email protected] Stream Realty Partners, L.P. 2001 Ross Avenue Caitlin Clinton Suite 2800 Senior Financial Analyst Dallas, Texas 75201 214.267.0431 [email protected] Facsimile: (214) 210-1452 or (214) 210-1415 [email protected] MARKET EXPERT [email protected] COMPANY INFORMATION Jason Moser Please provide a complete acquisition history/resume. Senior Vice President 214.267.0451 FINANCING DISCLOSURE [email protected] Please provide evidence of funding, both equity and debt, if appropriate. 6.
Recommended publications
  • 3.8 Cultural Resources and Parklands

    3.8 Cultural Resources and Parklands

    Northwest Corridor LRT Line to Chapter 3 Farmers Branch and Carrollton Affected Environment Unit 3A - Inwood The Inwood unit is characterized by low rise light industrial and older commercial uses towards its southern end. As it extends north towards Inwood Road, it is adjacent to additional light industrial and commercial uses, as well as two schools, Weichsel Park and a single-family residential neighborhood. Unit 4 - Dallas Love Field The Dallas Love Field unit is a low-rise industrial area that is indicative of development adjacent to many airports. Warehouses and aviation related offices lining the east side of the railroad corridor serve air cargo, maintenance and other functions at the airport itself. The single-family residential area to the west of the corridor faces toward the alignment and Dallas Love Field Airport. Unit 5 - Northwest Highway/LBJ Freeway The Northwest Highway to LBJ Freeway unit is predominantly railroad-served industrial uses, with low-rise buildings that back onto the corridor. In the vicinity of the Northwest Highway station, there are two- and three-story multi-family residential developments, as well as commercial and retail uses. Unit 6 – Farmers Branch The Farmers Branch Unit is best characterized as the town center. Residential and civic uses to the east of the corridor have tree-lined streets, and older homes and buildings house small businesses. The unit is also characterized by the presence of public offices and their architecture, which is indicative of their importance in the community. Unit 7 - North Farmers Branch The North Farmers Branch Unit is a suburban industrial corridor.
  • SUBJECT LBJ Freeway/Skillman Street Interchange * Authorize

    SUBJECT LBJ Freeway/Skillman Street Interchange * Authorize

    AGENDA ITEMS # 4,5,6 STRATEGIC Mobility Solutions, Infrastructure, and Sustainability PRIORITY: AGENDA DATE: January 24, 2018 COUNCIL DISTRICT(S): 10 DEPARTMENT: Department of Public Works CMO: Majed Al-Ghafry, 670-3302 MAPSCO: 27 C D G ________________________________________________________________ SUBJECT LBJ Freeway/Skillman Street Interchange * Authorize (1) a Project Specific Agreement with Dallas County for funding participation in the design and construction of the LBJ Freeway/Skillman Street Interchange Project; (2) receipt and deposit of funds from Dallas County in an amount not to exceed $3,996,440 for Dallas County’s share of local funding contributions for the project costs; and (3) an increase in appropriations in an amount not to exceed $3,996,440 in the Capital Projects Reimbursement Fund - Not to exceed $3,996,440 - Financing: Capital Projects Reimbursement Funds * Authorize an Interlocal Agreement with the North Central Texas Council of Governments (NCTCOG) to transfer $4,377,000 in local funding to the NCTCOG to establish a portion of the Metropolitan Planning Organization Revolver Fund in exchange for $4,377,000 in state funds for the LBJ Freeway/Skillman Street Interchange Project - Not to exceed $4,377,000 - Financing: Capital Projects Reimbursement Funds ($3,996,440) and 2012 Bond Funds ($380,560) * Authorize a Memorandum of Understanding with the North Central Texas Council of Governments, Texas Department of Transportation (TxDOT) and Dallas County that outlines expectations of each agency pertaining to the LBJ
  • Gables Park 17

    Gables Park 17

    Gables Park 17 Community Information and Amenities When are the nearest fitness classes held and where? Gold’s Gym is approximately .53 miles from the community, at the intersection of McKinney Avenue and Fairmount Street. Below is the address and phone number for your reference. 2425 McKinney Avenue Dallas, Texas 75201 214.306-9000 What are the hours of the amenities? Gables Park 17 offers the following amenities for you to enjoy: • Fitness Center: 24 hours • 7th floor amenity lounge (including business center, Wii Room, media room, poker room, tasting kitchen, billiard area, private cabanas and dining room): 24 hours • Pool Hours: Sunday – Thursday 9 AM to 9 PM and Friday – Saturday 9 AM to 11 PM. What amenity activities can I use at the community and how do I get the needed equipment? At Gables Park 17, you can enjoy the following activities: • Pool table: The pool cues are in the billiards room. • Wii: The controls and games are available at the concierge desk. • Poker Room: Chips and cards are available at the concierge desk. • Media Room: Please reserve with the concierge desk. • Conference Room: Please reserve with the concierge desk. How do I reserve the club room? The conference room/private dining area is available to rent for your personal parties and celebrations. It is available Monday – Sunday from 9:00 AM – 11:00 PM. Each event can be for a maximum of 75 people. Reservation times begin with a minimum 3 hours at a time at an initial rate of $300 and can be reserved for additional hours for a $75/hour fee.
  • 2501 Cedar Springs Road Dallas, TX

    2501 Cedar Springs Road Dallas, TX

    2501 Cedar Springs Road Dallas, TX Office in the Heart of Uptown Building Overview Top of Building Signage Full-Building Opportunity BUILDING SIZE 109,404 SF (entire building available) Divisible to single floors or 17,125 SF RENTAL RATE $26.00–$27.00 NNN PARKING 3.00/1,000 SF AMENITIES • Uptown location within walking distance of hotels, restaurants, high-rise residential, shops and entertainment venues • Walk score of 95—walker’s paradise • Covered parking for 346 cars (3/1,000 SF) • 100% backup generator for entire building Renovations coming soon Location 95 TURTLE CREEK I-75 D R A V LE TURTLE WEST VILLAGE U BO CREEK PARKWAY K EE E CR PARK TL UR T WALK SCORE! KATY TRAIL 2501 Uptown I-75 D AL LA I- S 3 N 5 O R T H UPTOWN T O L L W A Y WHOLE FOODS MCKINNEY AVENUE HARWOOD KATY TRAIL DISTRICT HARRY HINES BOULEVARD THE CRESCENT minute walk to McKinney NO RT H P CEDAR SPRINGSCEDAR ROAD E & Boll South Transit Stop A 6 R L S T R E E T I - 3 5 McKINNEY AMERICAN & OLIVE minute drive to AIRLINES CENTER Dallas Love Field DESIGN 12 WOODALL RODGERS FREEWAY DISTRICT KLYDE WARREN PARK VICTORY PARK ARTS DISTRICT DALLAS MUSEUM OF ART minute drive to DFW Airport 25 PEROT MUSEUM OF NATURE & SCIENCE DALLAS CBD Walkable Amenities 93 92 91 87 85 97 88 86 84 83 46 47 45 42 44 41 39 43 95 40 38 13 8 14 35 37 101 12 11 15 36 7 10 9 16 33 5 6 17 34 36 3 31 18 32 25 82 4 2 29 1 30 81 24 94 28 27 80 19 22 23 20 21 79 89 48 49 76 26 78 50 74 75 73 77 90 51 72 96 56 52 53 63 54 61 100 99 55 58 71 57 59 69 62 60 68 67 70 66 98 64 65 Restaurants/Bars Hotels Katy Trail M-Line Trolley 1.
  • 1 PLAN COMMISSION MINUTES the City Plan Commission Held A

    1 PLAN COMMISSION MINUTES the City Plan Commission Held A

    PLAN COMMISSION MINUTES The City Plan Commission held a regular Zoning Hearing on May 16, 2013, with the briefing starting at 9:23 a.m. in Room 5ES and the public hearing at 1:41 p.m. in the City Council Chambers of City Hall. Presiding were Joe Alcantar, Chair and Gloria Tarpley, Vice Chair. The following Commissioners were present during the hearing: Richard Davis, Liz Wally, Mike Anglin, Betty Culbreath, Tony Hinojosa, Ann Bagley, Myrtl Lavallaisaa, John Shellene, Bruce Bernbaum, Sally Wolfish and Michael Schwartz. The following Commissioners were absent from this hearing as defined in the City Plan Commission rules: Emma Rodgers and Paul E. Ridley. There are no vacancies. The City Plan Commission was briefed by staff on each item on the agenda and a question and answer period followed each briefing. A variety of dockets, requests and briefings were presented to the Commission during the open public hearing. The applicants or their representatives presented their arguments, citizen comments were heard, and using the information and staff recommendations in the hearing dockets, the Commission took the following actions. NOTE: For more detailed information on discussion on any issue heard during this briefing and public hearing, refer to the tape recording retained on file in the Department of Sustainable Development and Construction. Briefing and public hearing recordings are retained on file for 90 days after approval of CPC minutes. PUBLIC HEARINGS: Subdivision Docket Planner: Paul Nelson Pursuant to Texas Local Government Code Section 212.009(e) these minutes and recording of the hearing certify the reasons for denial of any plat application.
  • August 24, 201 WHEREAS, the Public

    August 24, 201 WHEREAS, the Public

    COUNCIL CHAMBER 16732 August 24, 201 WHEREAS, the Public Improvement District Assessment Act, Chapter 372 of the Texas Local Government Code (“Act”) allows for the creation of public improvement districts; and WHEREAS, on June 13, 2012, City Council authorized the creation of the Tourism Public Improvement District (District), as a public improvement district in accordance with the Act and found that the District promoted the interests of the City and conferred a special benefit on hotel properties within the City, designated the Dallas Tourism Public Improvement District Management Corporation as the manager of the District, authorized a contract for management services; and approved the District Service Plan, and annual updates by Resolution No. 12-1 581; and WHEREAS, City Council has subsequently authorized the renewal of the Tourism Public Improvement District (District) on August 10, 2016; and WHEREAS, on September 9, 2015, City Council authorized the Service Plan for 2015-16 and 2015 Assessment Plan by Ordinance No. 29868; and WHEREAS, the Dallas Tourism Public Improvement District Management Corporation provided City staff with the proposed District Service Plan for 2016-17 and 2016 Assessment Plan as shown in Exhibits B and C; and WHEREAS, the City Council must review the proposed Service Plan for 2016-17 and 2016 Assessment Plan and hold a public hearing to provide a reasonable opportunity for any owner of property located within the District to speak for or against the special assessment on Dallas hotels with a 100 or more rooms, to provide funding for the District for the purpose of increasing hotel activities within the City.

  • Order Revising 67 Precincts and Adding 27 New Precincts.) ORDER NO

    589 PdJG14)9J (Order revising 67 Precincts and adding 27 New Precincts.) ORDER NO. _4 4,41' zl- 40 DATE: August 14, 1961 At a regular meetin of the Commissioners Court of Dallas County, Texas, held on Aug. 14, 1961, on motion made by Denver Seale Commissioner of District No0 , and seconded by Frank Crowley Commissioner of District NO .---_I_, the following order was adopted: WHEREAS congestion exists in several of the Voting Precincts in Dallas County, due to an excessive number of voters; and WHEREAS by revising Precinct Nos. 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 116, 117, 126, 12, 129, 135, 146, 148, 151, 157, 167, 168, 169, 170, 2 2 2 04, 05, 07, 211, 213, 224, 227, 230, 231, 232, 234, 235, 237, 239, 241, 243, 245, 246, 247, 306, 314, 316, 317, 318, 34, 323, 327, 328, 403, 408, 417, 424, 431, 433, 435, 436, 437, 438, 4,41, and establishing new Precinct Noa. 171, 172 , 173, 174, 175, 176, 1771 1781 179, 180, 181, 182, 183, 248, 249, 250, 251, 252, 253, 254, 329, 330, 331, 443,444, 445, and 446 the overcrowding will be eliminated; and 4 I WHEREAS the revised, new and old Precincts are listed as follows: PIM AU 14 ia REVISED PRECINCT NO. 101 BEGINNING at the northwest corner of Dallas County; East, along the north line of Dallas County, to the Elm Fork of the Trinity River South, along the centerline of the Trinity River to its intersection with the north city limits of the City of Dallas as annexed by ordinance No.
  • Learning from Cedar Springs Case St

    Learning from Cedar Springs Case St

    AN EXPLORATION OF THE ATTRIBUTES OF SENSE OF PLACE IN A CULTURALLY-DIVERSE DALLAS DISTRICT: LEARNING FROM CEDAR SPRINGS CASE STUDY by SUSAN R. ALFORD Presented to the Faculty of the Graduate School of The University of Texas at Arlington in Partial Fulfillment of the Requirements for the Degree of MASTER OF LANDSCAPE ARCHTIECTURE THE UNIVERSITY OF TEXAS AT ARLINGTON May 2011 Copyright © by Susan Alford 2011 All Rights Reserved ACKNOWLEDGEMENTS Accomplishing the task of successfully producing this research goes humbly to several people whose contributions go gratefully appreciated and acknowledged. A considerable amount of sincere gratitude goes to Dr. Taner Ozdil, the thesis Committee Chairman, for his hope, confidence and guidance. Dr. Pat D. Taylor and Professor Gary Robinette possess an admirable declaration from my heart for their responsible roles and quality contributions as thesis Committee Members. It is important to acknowledge and give thanks to those whose guidance and support steered me in agreeable directions within the research topic and confidence throughout it: Dr. Rumanda Young, US Army Corps of Engineers; Joey Ball, US Army Corps of Engineers; and Rhonda Fields, peer and friend. Lastly, I extend my utmost gratitude to those who worked behind the scenes by giving their thoughtful and encouraging strength: Sam Alford, my father for his endless love and assurance; Kaye Alford, my mother who is a blessing and worth a hundred schoolmasters; and Jason Wolters, for his support, understanding, inspiration, and motivation. April 14, 2011 iii ABSTRACT AN EXPLORATION OF THE ATTRIBUTES OF SENSE OF PLACE IN A CULTURALLY-DIVERSE DALLAS DISTRICT: LEARNING FROM CEDAR SPRINGS CASE STUDY Susan Alford, MLA The University of Texas at Arlington, 2011 Supervising Professor: Taner R.
  • 3300 Oak Lawn Avenue, Suite 412, Dallas, Texas 75219 214.744.6188

    3300 Oak Lawn Avenue, Suite 412, Dallas, Texas 75219 214.744.6188

    3300 Oak Lawn Avenue, Suite 412, Dallas, Texas 75219 214.744.6188 MPD Ventures Company is located in a 7-story office building on the NE corner of Oak Lawn Avenue and Hall Street. 3300 Oak Lawn is engraved on the front of the building. The major access streets that bound the location include: Lemmon Avenue, Oak Lawn Avenue, Cedar Springs Road and Turtle Creek Boulevard. Visitor parking is available on the street/surface level and as designated in the underground Parking Garage. Both parking areas are located in back of the building on Hall Street just off Oak Lawn Avenue. The surface level parking offers you access to the lobby (which is the second floor). The first level of the parking garage is the Plaza Level with a building entrance and access to the building elevators. From lower levels of the parking garage (P2-P4), please take the garage elevators to the Plaza Level and transfer to the building elevators. Driving Directions: From the Dallas North Tollway — Take the Wycliff Avenue exit, and travel east (turn left) on Wycliff Avenue to Cedar Springs Road and turn right. Drive several blocks to Oak Lawn Avenue and take a left. Proceed approximately ½ block to Hall Street and take a right. The first available left off Hall Street is the entrance into the building parking areas. From 75-Central Expressway or I-45 — Take the Lemmon Avenue exit and drive west on Lemmon Ave. to Oak Lawn Avenue. Turn left at Oak Lawn Avenue and proceed to Hall Street. Turn left on Hall Street.
  • Design Summary Report Ih 635 Managed Lanes Project Re-Evaluated Design Schematic

    Design Summary Report Ih 635 Managed Lanes Project Re-Evaluated Design Schematic

    DRAFT DESIGN SUMMARY REPORT FOR THE IH 635 MANAGED LANES PROJECT RE-EVALUATED DESIGN SCHEMATIC PREPARED FOR: TEXAS DEPARTMENT OF TRANSPORTATION December 2006 This draft document is released on December 20, 2006 for information and reference purposes only under the authority of: Randall J. Poucket, P.E. #90495 George R. Teetes, P.E. #81151 Constance D. Bills, P.E. # 83877 Syed N. Aftab, P.E. #80137 Charles Edward Hood, P.E. #61366 Abenet Bekele, P.E. #86055 Michael J. Bauer, P.E. #94128 Robert K. Lindsey, P.E. #86979 Walter T. Ragsdale, P.E. #56735 It is not to be used for final design considerations. TABLE OF CONTENTS CHAPTER 1 - INTRODUCTION......................................................................1 1.1 Purpose ..........................................................................................................1 1.2 Project Description and Limits.........................................................................1 1.2.1 IH 635 West Section.............................................................................2 1.2.2 IH 635/IH 35E Interchange...................................................................2 1.2.3 IH 35E Section .....................................................................................3 1.3 Value Engineering (VE) Process.....................................................................4 1.4 Constraints and Criteria ..................................................................................5 1.5 Design Exceptions ..........................................................................................8
  • A COMPLETE and CONNECTED CITY CENTER City of Dallas Mayor and City Council the 360 Plan Team Katy Murray, A.H

    A COMPLETE and CONNECTED CITY CENTER City of Dallas Mayor and City Council the 360 Plan Team Katy Murray, A.H

    DRAFT A COMPLETE AND CONNECTED CITY CENTER City of Dallas Mayor and City Council The 360 Plan Team Katy Murray, A.H. Belo Noah Nelson, Texas A&M Commerce Mayor Mike Rawlings The 360 Plan Chairs District 1 – Scott Griggs Theresa O’Donnell, COD Resilience Office District 2 – Adam Medrano T.C. Broadnax, City Manager, City of Dallas Mike Peterson, AT&T District 3 – Casey Thomas, II Kourtny Garrett, President/ CEO, Downtown Dallas Inc. Joseph Pitchford, Crescent Real Estate District 4 – Dwaine R. Caraway Melissa Prycer, Cedars Neighborhood Association District 5 – Rickey D. Callahan Steering Committee Ben Reavis, Downtown Residents Council District 6 – Omar Narvaez Holly Reed, Texas Central Dr. Jose Adames, El Centro College District 7 – Kevin Felder Cheryl Richards, Dallas Convention & Visitors Bureau Majed Al-Ghafry, COD Assistant City Manager District 8 – Tennell Atkins Scott Rohrman, 42 Real Estate Dr. Lew Blackburn, DISD District 9 – Mark Clayton Jon Ruff, Spire Realty Paula Blackmon, DISD District 10 – B. Adam McGough Jennifer Sanders, Dallas Innovation Alliance District 11 – Lee M. Kleinman Charles Brideau, COD Housing James Schmeltekopf, Wells Fargo District 12 – Sandy Greyson Tanya Brooks, COD Mobility Planning Katherine Seale, Landmark Commission District 13 – Jennifer Staubach Gates Brent Brown, Building Community Workshop Katy Slade, Gables Residential/ Uptown Dallas Inc. District 14 – Philip T. Kingston Dustin Bullard, Downtown Dallas Inc. Neal Sleeper, Cityplace Kryslyn Burks, Communications & Branding, Tracylocke Billy Snow, DISD Partner Organizations Jessica Burnham, Deep Ellum Foundation Kevin Spath, COD Economic Development AIA Dallas Peer Chacko, COD Planning & Urban Design Acknowledgments Sarah Standifer, COD Trinity Watershed Management bcWorkshop John Crawford, Downtown Dallas Inc.
  • 3.0 Affected Environment

    3.0 Affected Environment

    Northwest Corridor LRT Line to Chapter 3 Farmers Branch and Carrollton Affected Environment 3.0 AFFECTED ENVIRONMENT This chapter describes the existing natural and built environment conditions in the project corridor that would be affected by the Selected LRT Alternative and the other alternatives and design options considered during the Draft EIS. This information provides a baseline against which each alternative is compared for environmental changes or impact. 3.1 LAND USE This section describes current land use patterns in the DART Service Area and in the project corridor. It also outlines land use policies and plans of the local jurisdictions in the corridor and identifies major activity centers and community facilities. The project corridor is defined as an area approximately one-half mile wide on either side of the Selected LRT Alignment and the other Design Option alignments that were considered in the Love Field and the Medical Center areas during the Draft EIS. 3.1.1 Regional Summary The DART Service Area is located in the Dallas/Fort Worth Metroplex – one of the fastest growing major metropolitan areas in the nation. DART provides transit service to 13 member cities within a 700 square mile region, with the City of Dallas as its urban center. All of DART’s light rail transit lines provide access to downtown Dallas. The proposed project would be located within three cities – Dallas, Farmers Branch and Carrollton. The Dallas Central Business District (CBD) is the southern anchor of the corridor and Frankford Road in Carrollton is the northern terminus. The majority of the project corridor lies within the City of Dallas.