Clearing City Lights
Last June the city of Dallas sold the unwanted land and vacant buildings at Live Oak and Cantegral Streets to Minerva Partners in order to restart development on the long-planned CityLights high density mixed use (retail and residential) project.
CityLights was originally proposed by Marguaux Development in 2006, but the plan has stalled many times, due a previous requirement that it include a parking garage for the Latino Cultural Center, neighborhood opposition to proposed high-rise buildings, and ultimately the economy. This project has been both a concern for Bryan Place residents, as well as an opportunity for new close-in pedestrian-friendly retail.
According to the terms of the sale, the dilapidated City of Dallas buildings have to be be demolished by June of this year. The only information we have about what is being planned are some conceptual drawings created by the developer back in 2010 (go to www.maloufinterests.com/citylights.html to see PDF), and those are likely subject to serious change before any construction begins. At this time, no zoning changes have been requested.
We will keep you posted on project developments.
