Cabana Hotel
The Dallas City Council approved Wednesday $41 million in tax increment financing funds for the redevelopment of the former Cabana Hotel into mixed-income housing. Developer Zach Krochtengel with Cabana Sycamore Development Inc. requested the Tax Increment Financing funds to boost a $116 million redevelopment project on 3.27 acres at 899 North Stemmons Freeway. The former…
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A local developer announced last week that he’s buying the Cabana Hotel and redeveloping it into affordable apartments. Zachary Krochtengel of Sycamore Strategies recently made headlines for his plans to build a mixed-income project, Cypress Creek at Forest Lane, in the Lake Highlands area. That project was denied by the Dallas City Council due to…
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By Nancy Smith Special Contributor Raquel Welch, the brunette bombshell actress of film, television, and stage, passed away in her L.A. home Wednesday after a brief illness at age 82. As a journalist, I fondly recall my own interactions with Welch, who had several Dallas connections decades apart. When I was the business editor for…
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An overcrowded jail that’s not up to code is prompting Dallas County commissioners to contemplate demolishing and moving the facility — making way for prime real estate on the western edge of downtown Dallas. Commissioners will appoint a committee next month to analyze the situation and make a recommendation within a year on whether to…
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Mehrdad Moayedi is nearing the end of his three-year, $230 million renovation of the historic Statler Hilton in downtown Dallas. He bought the iconic hotel in 2014 with $46.5 million in TIF financing and has almost completed making it into a totally glam live-work-play-stay destination again. What does Mehrdad need now? Another project! And the…
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