More good news for development in West Dallas with word Thursday that Dallas-based Stonelake Capital Partners has closed on a 25-acre tract of industrial property on Singleton Boulevard, west of Sylvan Avenue.
Along with developer StreetLights Residential, Stonelake is planning a $200 million mixed-use development at 1000 Singleton Boulevard, on the southwest corner of Singleton and Sylvan.
This is 2014’s largest single redevelopment property in West Dallas, and it will bring about 1,500 new residential units to the area west of Downtown Dallas.
Zoning was approved for 1000 Singleton as a planned development project last week.
Work is expected to start on the first phase in 2015, which will be called Trinity Village. This will include about 350 apartments, some single-family homes, and commercial space for service-oriented businesses.
The land was formerly the Austin Industries complex, a commercial truck yard for 18-wheelers.
West Dallas residents have spoken candidly at Dallas City Council meetings about the need to create more housing and a vibrant neighborhood for residents in West Dallas.
“The work that the community stakeholders put into this deal was remarkable,” said John Bielamowicz, President of Biel Partners, who led the negotiations on behalf of the seller, Austin International Ventures. “The buy-in and vision for a new West Dallas from community leaders was why this deal happened.”
Developments like Trinity Village could combat the “suburban flight” spoken about by residents and allow generations who have lived in West Dallas to stay there in the future.
Trinity Village is located just west of Trinity Groves, a 15-acre restaurant, retail, artist, and entertainment spot located at the foot of the Margaret Hunt Hill Bridge.