Monday, April 28, 2008
Former Arcadia site on Greenville Avenue in Dallas will become mixed-use retail center
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The space at 2001 Greenville Avenue that was previously site of the Arcadia Theater will become a multi-use building zoned as "community retail," as noted by Back Talk East Dallas.
According to the summary: 2001 Greenville is "Dallas' first 'green' multi-use building", an "eco-friendly project" that's set to open in spring 2009.
The summary has some interesting figures, including the fact that the population within a 3-mile radius is 167,775 (219,914 during the day, counting workers and such); that the average age is 34.9; and that the average household income is $87,318. Who the heck are all these 35-year-olds pulling down nearly $90K? &%$! overachievers.
Posted by T.G.
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Comments
James Scott Verified
Hooray for "mixed-use"! If I hear that term one more time...
Any bets as to what the 2000sqft coffee store will be in their ground floor layout??
2 months, 1 week ago ( Link to this comment | Suggest removal )
Teresa Gubbins Staff
haha, gee i wonder. the closest one is allllll the way up at martel, right? and gachet is gone.
2 months, 1 week ago ( Link to this comment | Suggest removal )
Scott Doyle Verified
T.G., according to WSJ's neighborhood demographic on 75206 there's an average of 2 people per household in the zip, so we're talking 35 y/o's pulling in $45k (unless there are a ton of single parents or unemployed peeps).
Demographic also says zip's average income per capita is ~$32k.
2 months, 1 week ago ( Link to this comment | Suggest removal )
Teresa Gubbins Staff
thank you scott doyle. i feel slightly better. marginally.
2 months, 1 week ago ( Link to this comment | Suggest removal )
Jeremy Dunck Staff
Now, why would a realty company want to overstate the demographics for their development?
Separately, it's always dangerous to mix averages. One Midas making $1B per year would skew the average income totally, while age is bounded [0,100]-ish.
I wonder if demographers throw out outliers?
But yeah, ++what James said. This is a lot like the CVS going up on Fry Street. :-/
2 months, 1 week ago ( Link to this comment | Suggest removal )
Andrew Anonymous
I live a few blocks from there. The difference in demographics are related to the changes in the neighborhood. If you surveyed again today it will probably be different yet again.
That being said, I am both enthusiatic and afraid of what will go in there. We need development along that part of Greenville. The success of that project will set the tone for what happens to the Whole Foods site once they move. A boarded up grocery store is not what the neighborhood needs.
What the area really needs is parking. These "mixed retail" can be very effectively used to ring around a parking garage so you don't see it. They have used this technique for years with apartments.
2 months, 1 week ago ( Link to this comment | Suggest removal )
Scott Doyle Verified
If it makes you feel any better Jeremy, WSJ doesn't even bother with avg HH income - their median HH income for 75206 is listed at $46,747. I've never been the biggest fan of averages, either.
I love their work-around for blatant class discrimination, btw. Their 'trade area' demographics redline to only include north Dallas despite being close to I-30. Meanders around uptown and Victory, goes as far north as Northpark, etc. Geeeeeeeeeeeez
2 months, 1 week ago ( Link to this comment | Suggest removal )
lakewooder Anonymous
Net worth is more important than income and hard to document. There's a lot of net worth around there (especially to the east and north), most long-time residents have no mortgages (and their homes are still appreciating nicely -unlike depreciating Park Cities).
Some old-money types take lower paying jobs for fufillment (such as education, acting, arts). Question is, they can afford whatever they want - but will they buy?
2 months, 1 week ago ( Link to this comment | Suggest removal )
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