Henderson Avenue News

City of Dallas issues work stop order on Henderson Avenue development

SparkFarm

A major mixed-use development that just broke ground on Henderson Avenue in Dallas is temporarily on hold.

UPDATE 10-28-2024: According to a spokesperson for the project, work has resumed.
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The project, announced on October 14, is a mammoth 161,000-square-foot mixed-use development combining retail, restaurants, and office space, planned for a sleepy stretch of grassy lots on Henderson Avenue between Glencoe Street and McMillan Avenue at the eastern end of Henderson Avenue.

The development is led by Acadia Realty Trust and Ignite-Rebees, a partnership between Tristan Simon, a Dallas restaurateur turned real estate developer; and Mark Masinter, chairman of Global Retail for Newmark, a New York real estate services firm. Both have long histories with Henderson Avenue.

Ground has been broken. Trucks are on site. Fences have been erected.

However, a bright orange STOP WORK ORDER sign has been posted at the site, dated October 21 and signed by a Dallas zoning inspector, stating that "The project and building permit is currently on hold. So, discontinue all construction-related work immediately."

A city representative was not available for comment. But the development team said in an email that it was only a temporary work stoppage.

"The city requested additional detail on approved permit drawings," their statement said. "Work will resume on Friday."

It's uncertain which part of the development required additional detail. It is surely a complicated project comprising 10 "architecturally distinct" buildings, lined with landscaped walkways, pocketed with multiple public spaces, as well as an underground parking lot with 500 subgrade parking spaces.

Any one of those many elements could require additional detail — especially and including an underground parking lot which would require consideration of the impact to the land and drainage issues.

The history of the site dates back to 2012, when Open Realty, Tristan Simon, and Los Angeles-based CIM Group acquired a portfolio of retail properties along Henderson Avenue as well as the new development site. The portfolio was acquired by Acadia Realty Trust in 2022; Acadia Realty Trust specializes in the acquisition, redevelopment, and management of open air retail properties.

Acadia Realty Trust and Ignite-Rebees also own and operate 120,000 square feet of existing retail and restaurant space along Henderson Avenue.

Million-dollar homes

Multi-million-dollar gated home community The Preserve rises in Frisco

Preserve

A palace on the prairie of The Preserve in Frisco

Construction has begun on a multi-million-dollar custom home community in Frisco. Called The Preserve, it's situated among PGA Frisco’s championship golf courses and near the Omni PGA Frisco Resort, with multiple phases that will roll out over the next few years.

The Preserve is part of Fields, a 2,500-acre development in North Frisco off the Dallas North Tollway. Fields is co-developed and owned in partnership with The Karahan Companies, Hunt Realty Investments alongside investors Chief Partners and Cross Tie Capital.

The development will feature retail, dining, entertainment, hotels, corporate offices, native Texas plants, flowers, trees, and 250 acres of park space. It's designed by the same team responsible for Plano’s Legacy West, led by Fehmi Karahan.

Phase 1 of The Preserve will feature 233 homes crafted by 10 North Texas luxury homebuilders: Alford Homes, Coats Homes, and Starside Builders have all begun home construction. The other seven are The Preserve Bella Custom Homes, Endurance Homes, Faulkner Perrin Custom Homes, Hawkins-Welwood Homes, Shaddock Custom Builders & Developers, Sharif & Munir Custom Homes, and Ventura Custom Homes, for whom construction will start soon.

The Preserve Frisco The Preserve in Frisco, soon to be covered with homes.The Preserve

Lot sizes range from 6,800 square feet to more than an acre. Home design options will incorporate high ceilings, open floor plans, glass walls, and seamless transitions between indoor and outdoor such as patios, infinity pools, and landscaped exteriors.

The surrounding area will have more than 2,000 new trees plus views delivered via design elements such as floor-to-ceiling windows and expansive outdoor living areas.

Many of the homes will address sustainability, health, and wellness with green architecture, energy efficiency, water conservation, and recycled building materials.

It will combine the privacy of a gated community with resort-style living, featuring amenities such as the PGA golf courses, 20+ miles of hike and bike trails, and the exclusive Brookside Club with an expansive swimming pool, state-of-the-art fitness center, tennis and pickleball courts and a playground.

Prices will start at $3,500,000.

Hunt Realty SVP Todd Watson calls it one of the most anticipated mixed-use projects in the area -- æa perfect location for discerning buyers seeking their forever home or a secondary residence" — although he's involved with the project so he's probably biased.

“As part of the Fields development, with prominent neighbors like PGA of America and the Omni PGA Frisco Resort, we know The Preserve will be one of the most sought-after addresses in North Texas," Watson says.

According to the Frisco Economic Development Corporation, Frisco’s population has increased by 500 percent in two decades and was recently recognized as the fastest growing city in Texas and third across the U.S.

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