DALLAS — A Porsche dealership will replace a Raytheon facility in Dallas.
Park Place Dealerships, a subsidiary of Georgia-based Asbury Automotive Group, bought 15 acres of land in the 6000 block of Lemmon Avenue from Raytheon. It’s unclear how much the land sold for.
Demolition is expected to begin early 2025, with construction scheduled to begin in the second quarter of 2027.
Park Place says they also plan to build a Volvo service center beside the current Park Place Volvo dealership at the corner of Lemmon Avenue and Inwood Road.
“Dallas has a deep appreciation for luxury vehicles, and at Park Place, we are dedicated to delivering an exceptional luxury experience to our clients," said Tony Carimi, area vice president of Park Place Dealerships. "For 37 years, Park Place has earned its reputation for offering a truly one-of-a-kind client experience, attracting customers from across the nation. This prime location, just steps from our current dealerships and minutes from Love Field, ensures Porsche and Volvo enthusiasts will have access to the very best these brands have to offer.”
Park Place employs more than 1,400 members and operates nine full-service dealerships, including for Lexus, Mercedes-Benz, Porsche, Volvo, Acura and Land Rover.
“Dallas has a deep appreciation for luxury vehicles, and at Park Place, we are dedicated to delivering an exceptional luxury experience to our clients," Carimi said. "For 37 years, Park Place has earned its reputation for offering a truly one-of-a-kind client experience, attracting customers from across the nation. This prime location, just steps from our current dealerships and minutes from Love Field, ensures Porsche and Volvo enthusiasts will have access to the very best these brands have to offer.”
“Creating an off-market opportunity for Asbury and Porsche on the largest property along Lemmon Avenue is a career highlight Jake and I are proud to have accomplished,” added David Davidson, partner at Davidson & Bogel Real Estate, LLC. “Park Place’s planned development will not only give life to one of the most highly trafficked corners in the Dallas core but also contribute to the city’s continued growth as a premier destination for luxury sales."
