X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL and the multifamily market, click here.)

DALLAS-A developer and his Transwestern scouting team aren’t benching a mixed-use plan with a minor league baseball stadium as the anchor. Several cities have come forward to field the play now that Dallas City Council has sidelined a Downtown site.

Transwestern’s Urban Advisory Group, working since June 2006 to assemble the site, will be mailing letters Tuesday to Farmers Market property owners, effectively dropping options and gentlemen’s agreements to 20 acres and thanking them for their support, James Quick, Transwestern’s senior associate, tells GlobeSt.com. “We were impressed with how much owners in that area of town wanted it to happen,” says Quick, who’s teamed with Transwestern principal Sanders Thompson and senior vice president Sheryl Pickens to make the project a reality. The plan calls for a 10-acre stadium and 20 acres with roughly 1,400 apartments and retail.

“It would have been a good boost for the Downtown,” stresses a landowner set to sell two parcels to the developer. “It was a fair price. We wanted it to happen.”

Quick admits a number of properties were before the title company when Dallas City Council threw up the roadblock by voting to hold fast to a site for a homeless assistance center, which breaks ground later this month. The developer, whose identity remains under wraps, had offered an alternative site. Bound by $23.8 million in funding from a voter-approved bond in 2005, council instead urged the development team to press ahead on the mixed-use plan, with the homeless assistance center as a neighbor.

Quick says that’s not likely to happen. “The only way the developer would consider the area is if the city really wanted to see that happen,” he stresses. “Our desire was Downtown. The project is still viable. We’re going to flesh out all our options.” The options include other cities as well as Dallas proper.

The developer has been working with Scott Berry, president of Southern Independent Baseball, on the proposal. “The Southern Independent league would love to have a team going in Dallas by February 2008,” Quick says, adding that the timeline is now up in the air. “As we identify our front-runner site, we’ll just have to figure out what’s practical.”

Berry’s Southern Independent Baseball league holds the rights to a Dallas club as a member of the 10-team American Association of Independent Professional Baseball. The association includes the Fort Worth Cats. The City of Frisco’s success with its Rough Riders’ farm team has shown to its Dallas County counterparts the depth of the economic gains to be made as home base for a smaller league.

As the Southern Independent Baseball plan took root, Quick says a competitor, United League Baseball, showed up on council’s doorstep with an offer to put a team in Dallas. Quick points out that the leagues’ difference is tied to the drawing power. The United League is made up mostly of Texas teams; the Southern Independent Baseball’s network includes metros like St. Paul, El Paso and Shreveport, LA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.