Neither Teixeira Duarte Version is Awaiting Planning Approval

Neither Teixeira Duarte Version is Awaiting Planning Approval

On July 26, Teixeira Duarte and Masterplan had what would be their final meeting with the neighborhood to negotiate a better plan for their lots on Hood and Dickason tentatively called Turtle Creek Haus.  The following week, Masterplan presented to the Oak Lawn Committee about the progress being made.  All seemed to be progressing well.

Apparently not.

In September, Teixeira Duarte filed plans with the city for a within-zoning (by-right) plan for the lots.  Because the plans have not been approved, the public can’t see what’s going to be built.  The permitting office told me it was to be an 18-story apartment tower. Another source who’s been through permitting a time or two told me that a September by-right plan still awaiting approval is a little odd.

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Renaissance - Poston Map

In January, the lots located at 3407 and 3409 North Hall Street were reported in DCAD to have been sold to TDRE Lee Park LLC. The actual owner is currently masked behind the LLC with a local address of 4100 Spring Valley Road, Suite 310, in Dallas. However, TDRE Lee Park is a Houston registered LLC, set up by Houston attorney John W. Wood who acts as the registered agent for over 200 LLCs largely located in Houston. Wood is a pretty successful guy who lives in the tony Tanglewood section of Houston – meaning the Poston plots are unlikely to have been purchased by a Mom and Pop looking to restore the property.

TDRE Lee Park LLC is one of three TDRE-named LLCs all registered by Wood and include TDRE Hood LLC that was registered on the same day as TDRE Lee Park LLC (Dec. 22, 2015) and TDRE Investments LLC registered on April 2, 2015. Like all LLCs managed by Wood, they all share the same Houston address (which is meaningless as it’s no more than a mail drop). None of the three list any officers and I suspect they are owned by the same person/organization.

TDRE Hood LLC may hint at a property acquisition on Hood Street, but there is currently nothing in DCAD about any TDRE ownership outside the former Poston properties on Hall Street. Pure speculation, but … there is certainly room along Hood Street to tear down redevelop any number of aging low-rises in this VERY HOT area of Turtle Creek.

In reviewing zoning, lots 3407 and 3409 North Hall account for a sliver less than a half-acre. Given a residential MF-2 listing within the PD-193 area, this limits the parcel to 60 units per acre unless it’s designated commercial, which DCAD says it is. In this case, commercial-designated parcels within PD-193 can accommodate 160 units per acre. However, setback requirements have scuttled deals in the past.

Stay tuned to CandysDirt.com for more as it becomes known.

Remember: Do you have an HOA story to tell? A little high-rise history? Realtors, want to feature a listing in need of renovation or one that’s complete with flying colors? How about hosting a Candy’s Dirt Staff Meeting? Shoot Jon an email. Marriage proposals accepted (they’re legal)! sharewithjon@candysdirt.com