On Thursday, September 6, the Dallas Parks and Recreation Board will evaluate the landscape design for Teixeira Duarte’s by right high-rise at 3407 North Hall Street. The lot has an interesting history of ownership and failed deals – including the Renaissance condo developer not buying the parcel when he had the chance. Teixeira Duarte (TD) has been secretive about their plans since they stopped meeting with neighbors concerning their other site at Hood Street and Dickason Avenue back in July 2016.

A lot has happened financially to TD since 2016. First, they’ve not posted any 2018 quarterly reports on their website. Second, their business volume (revenue) was €1.412 billion in fiscal year 2015, by 2017 it had fallen to €1.036 billion with resulting profitability down as well (one wonders about 2018). The decreases in their business may have played a part in their stalling construction and eventually deciding to avoid protracted negotiations with the Oak Lawn Committee and City Hall by constructing by right.

Even though a by right project, the Hall Street property requires approval by the Parks and Recreation Board because the parcel is within the Turtle Creek Environmental Corridor. And because Parks and Recreation only cares about landscape plans, because it sits above an underground parking garage, the packet is light on images

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Teixeira Duarte, founded in 1921, is a Portugal-based conglomerate with significant operations in real estate and construction. Revenues in 2015 were €1.49 billion, down 13 percent from 2014’s €1.71 billion.

The company operates in 17 countries, but their main real estate spheres are in Portugal and Brazil, with a smattering in Africa.  The company intends to construct a residential tower at Dickason and Hood Streets. Award winning, Dallas-based architect Javier Espinoza will design the building currently named Turtle Creek Haus. “Residential tower” could mean rental or condominium, depending on which plan moves forward.

Last night at the Reverchon Park Recreation Center, about 30 local residents met with representatives of Teixeira Duarte and Masterplan, as well as architect Javier Espinoza.  It was the second meeting with the community.

I was unimpressed.

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