It’s no overstatement to say that Dallas has blossomed in the past few years. New business, new residents, new commercial buildings, and new roadway projects have turned Dallas into a major growth hub.
The snag, however, lies in housing growth, particularly in the area surrounding the Trinity River. This is where the Trinity River Corridor Project is making this mighty greenway into a major recreation area. But it’s also where, especially south of the river, middle-income families aren’t staying around because there’s not enough good housing there.
Recently, the Dallas Morning news reported on this idea, saying that as more families leave the area, more tax dollars go with them. And as neighborhoods south of the Trinity get more vacant, there seems to be less motivation to build up new neighborhoods that can attract a stable base of residents.
The fact is, in order for Dallas to reach its potential, it needs some new housing in areas like that south of the Trinity. In other areas, such as West Dallas and North Oak Cliff, single-family development is setting the stage for revitalization. As the Morning News reported, an Austin-based developer plans to build 60 homes on a five-acre site near the Belmont Hotel, making it the first new home development proposed in West Dallas in years. The News calls the development “a potential game-changer for an area in which developers already have begun to build hundreds of rental apartment units.”
Nearby, the old 25-acre industrial tract on Singleton Boulevard near Sylvan Avenue is gearing up for hundreds of new apartments and some retail and single-family homes. Likewise, plans to build homes on the 22-acre site in North Oak Cliff at Colorado Boulevard and Fort Worth Avenue (where the Colorado Place apartments once stood) are turning North Oak Cliff and West Dallas into some of the hottest redevelopment property in Dallas. And the effects can be huge ‒‒ new homes means new businesses, new amenities, and new neighborhoods that bustle with vibrancy.
Keep an eye on this end of town, big things are happening there.