Friday, November 9, 2007

$300 million development to be built at Walnut Hill and Central Expressway

By Pegasus News wire

DALLAS — More than 60 years after joining the city of Dallas, the annex known today as Preston Hollow is to be enhanced by a multi-use development at the northwest corner of Central Expressway and Walnut Hill Lane. Development partners Provident Realty Group and the Red Sea Group announced The Glen at Preston Hollow is being created with a euro-urban sensibility that combines retail, restaurant and office space with residential living. The Glen will be characterized by Mediterranean and Spanish Colonial architecture balanced by well-proportioned streets, landscaped parks and generous green space.

Primarily boutique and small retailers will be allowed to set up shop in The Glen. Neither big-box nor large-scale chain stores will be a part of this district.

Designed to complement the Preston Hollow neighborhood, a gated community of 100 luxury single-family homes will connect The Glen’s western boundary with existing neighborhood homes. On the east side of the development fronting Central Expressway, will be a single 100,000 square foot mid-rise office building. The heart of the development will be home to a walking village with 175,000 square feet of retail and restaurants at street level and up to 1,100 multi-family units located primarily above the commercial spaces.

“Our vision is to leverage what well may be the best location in Dallas to create a best-in-class urban experience -- a place where people can live, office and socialize all within walking distance. The Glen will be as much about mixing it up socially – what happens there – as it is about what is physically located there,” said Scott Rodgers, Director of Development for The Glen. “We see this as an opportunity to not only create a new in-town village, but also a way to further define what it means to live in Preston Hollow.”

The first phase of construction at The Glen will be complete by mid-2010.

Source: Provident Realty

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