DALLAS — Read this story and more North Texas business news from our partners at the Dallas Business Journal
Goldenrod Cos. has revealed its plan for a massive expansion to the popular Trinity Groves district west of downtown Dallas.
The proposed projects would transform nine parcels totaling about 45 acres with new towers packed with residences, offices and hotel rooms, surrounding about three blocks of existing residential buildings.
The first phase would include 2,419 residential units — although that number could include existing units as well — plus 788 hotel rooms, 1.4 million square feet of office space, 126,000 square feet of retail and almost 10,000 parking spaces, according to documents submitted to the city.
Goldenrod, a Nebraska-based commercial real estate development and investment firm, revealed the new vision for Trinity Groves at a May 24 meeting of the Dallas Urban Design Peer Review Panel.
At full buildout, Trinity Groves could eventually include a little more than 5,000 residential units, 994 hotel rooms, 2.6 million square feet of office space, 222,000 square feet of retail and nearly 18,000 parking spaces. That would be quite a chance from today's Trinity Groves, a collection of restaurant and retail spaces not far from the Trinity River.
Plans also call for parks and tree-lined streets. The district would connect to the Ronald Kirk Pedestrian Bridge, so residents could walk about 2 miles to Klyde Warren Park between Uptown Dallas and the Arts District, next to future offices for Bank of America.
"Our partners and us are looking to make this probably the epitome of what a live-work-play community should be," Goldenrod Managing Principal Zach Wiegert told the design review panel.
The project team also includes Gensler and OJB Landscape Architecture, both of which are known for their cutting-edge design in North Texas.
Last year, Goldenrod purchased nearly 90 properties from the developers of Trinity Groves, West Dallas Investments, the Dallas Morning News reported.
In April 2023, Wiegert told Dallas Business Journal about the firm's plan to the develop the site into a place that could attract a corporate headquarters.
"Our goal would be, long term, to create a district in Dallas like Uptown, where people choose to put their businesses, live, go to restaurants and spend time," Wiegert said at the time. "The great thing with this is we really get a palette to create something that’s unique, which is a developer's dream."
Wiegert did not immediately respond to requests for additional details. The former NFL player launched Goldenrod in 2005 to oversee his own portfolio of assets. Goldenrod is also behind the Van Zandt and One University projects in Fort Worth’s Cultural District.
The Trinity Groves expansion will add to development along the Trinity River over the last decade following the $182 million construction of the Margaret Hunt Hill Bridge in 2011; the 2014 reopening of the Continental Avenue Bridge, now called the Ronald Kirk Pedestrian Bridge, with a reported $12 million walkable park; and other efforts to transform the Trinity River into a gathering place such as the future 250-acre, $325 million Harold Simmons Park between the levees.
In addition to projects that immediately surround the river, the nearby Design District has seen large new projects such as Quadrant Investment Properties' high-end office buildings and Columbus Realty Partners' hundreds of new and planned apartments in a complex called The Margaret.
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