DALLAS — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
A mixed-use project is proposed in the historic West End. A new hike and bike trail bridge in the Design District in search of funding. A new affordable housing complex is planned in Fort Worth, the fastest-growing big city in the country. Read about these items and more below.
Mixed-use in West End
The board of directors for Dallas' City Center Tax Increment Financing District will discuss whether to recommend council approval of a $49 million development agreement for a company called West End Lofts LP.
The developer has proposed a mixed-use, mixed-income and transit-oriented project at 805 Elm St., 711 Elm St. and 211 N. Austin St., in the historic neighborhood of downtown known as the West End.
Additional details about what's planned were not immediately available. However, the incentives package could provide the developer with a combined roughly $20.6 million in economic development grants and $28 million in TIF subsidy.
The meeting is scheduled for 11 a.m. Nov 19 in the sixth-floor conference room at Dallas City Hall, 1500 Marilla St.
Trail bridge funding
The Design District Tax Increment Financing District board will review updates and consider whether to approve an increase in TIF funding for the Trinity Strand Hi-Line Span Project, a pedestrian bridge at the Hi Line Drive trailhead spanning Turtle Creek. The board could recommend council increase funding for design and construction to about $9 million, a roughly $2.7 million increase, according to city documents.
The meeting is set for the sixth-floor conference room at Dallas City Hall at 3 p.m. on Nov 20.
Affordable housing in Fort Worth
The City of Fort Worth plans to request funds from the U.S. Department of Housing and Urban Development to build an affordable housing project called Columbia Renaissance Square Phase III on Dec. 3. The $33.6 million project involves 100 housing units, 55 reserved for households earning 60% or less of the area median income level and 25 units will be reserved for households exiting homelessness.
The development will involve one-, two-and three-bedroom units and amenities such as a community room, business center, laundry room and courtyard. The development at 2757 Moresby St. is part of Renaissance Square, which includes 200,000 square feet of retail, a Cook Children's primary care clinic, Uplift Mighty Charter School and a YMCA facility.
Short-term rental lawsuit tab
Fort Worth City Council is set to vote Nov. 19 on whether to approve an additional $300,000 for Fort Worth-based law firm Kelly Hart & Hallman LP to assist the city in defending lawsuits against its short-term rental policy. That would bring the total up to $450,000. The agenda item is on the consent agenda, which is often for items that do not require discussion.
Historically, the city has not permitted short-term rentals such as Airbnbs in residential areas. This year, council adopted an ordinance that requires short-term rentals to be registered where allowed by zoning. The city has been sued over the new ordinances by Dallas-based Kelray LLC.
The meeting is scheduled for 10 a.m. at old city hall, 200 Texas St.
DBJ reporters Seth Bodine and Plamedie Ifasso contributed reporting.
