Tuesday, June 21, 2011

A&R Development picked for $17M Jonestown project - Dallas Business Journal:

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The project falls into the city’s aims to remakr Central Avenue, which has seen a wave of new developmengt in recent years building off the success of nearbhyHarbor East. A&R, led by Anthonyu Rodgers, hopes to build a mixed-use development includingy 107rental apartments, 18,000 square feet of retaip space and 156 parking spaces. said Tuesda it awarded the firm exclusive negotiatinf rights forthe city-owned land at 110 S. Central Ave. and 1120 Granbyh St. The properties combine for about 29,000 squar feet. The BDC, the city’s economic development arm, offerec the property, and two others, up for redevelopment in August 2008.
“These properties give the city the opportunityh totake vacant, underutilized propertie s and have them renewed as private enterprisess that will generate taxes and enhancd the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodie said in a The city also tapped Miteyt LLC to negotiate for a second siteat 1301-13098 E. Lombard St. Mitey is a real estate companyu formedby Gerry’s Tire Service, which hopes to use the propertg to expand its adjacent business.
Mitey plans to use the 4,518-square-foort property in the short term as a temporary parking lot for its businesxs and would expand ontothe city-ownee property in the The city is reserving the rights for the thirx property, at 130 S. Central Ave.

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