Monte Anderson thrives on shaking up standard ways of thinking about development in Dallas.
After he sold the historic Belmont Hotel five months ago, a bellwether renovation and restoration project that put his name on the map in 2005, he got right back to work doing what he does best.
“I took all the money from the hotel sale, and we invested it into more ugly properties to turn around, every penny of it,” he said.
Those “ugly properties” are in south Oak Cliff, around South Polk Street and South Beckley Avenue, and Anderson is ready to perform microsurgery.
“With microsurgery, you go into an area that has good bones, like Elmwood southwest of Bishop Arts, and you start by buying one property and fixing it up or building one small building and making it into a good retail or residential space,” he said.
He’s one of the original Dallas pioneers of urban “gentlefication,” moving into distressed neighborhoods and slowly redeveloping in an effort to reduce crime, create harmony, and build community.
This is radically different from gentrification, which usually forces out low-income residents with high-income folks seeking the next hip place. Gentlefication helps long-term residents take back their neighborhoods, stabilize property values, and build safe communities for their families.
It’s also different from what Dallas is doing with its Grow South plan, Anderson said.
“The mayor’s Grow South plan is nothing but superficial marketing—it has no sustainable wealth-building characteristics,” he said. “Find the one deal that has changed somebody’s life that lives in South Dallas. It’s typical Dallas thinking: the rich people in Dallas think it’s got to be big; it can’t be good unless it’s big. Yet all the special places we love are small.”
“Owner-occupied neighborhoods is really the message I have for gentlefication,” he said. “The only way they can get in and own is to get in early…I’ve got so many of these kind of business success stories, everything from pet stores to call centers and yoga studios to insurance offices and restaurants, all kinds of people that own their own buildings now, not to mention the housing.”