Developers looking to build a supermarket and apartment complex on the northeastern edge of downtown Dallas are looking for incentives for the city to start the deal.
The 5.4 acre project on North Hall Street near US Highway 75 has been in the works for several years and would include a Kroger supermarket.
The more than $ 100 million One City View project will have the 80,000 square foot grocery store under four levels with 376 apartments. 20 percent of the rental units would be rented to residents who earn a maximum of 60 percent of the median family income in the region.
The builders are demanding a 10-year property tax reduction to support the project.
Georgia-based Southeastern Development is working with Kroger on the project. Kroger bought the vacant property in 2015.
Dallas’ O’Brien Architects designed the project.
The Dallas Economic Development Committee will vote this week on incentives for One City View development.
“Last year, city officials worked with the developer to review the incentive application and negotiate a city grant to help make this project easier,” the city files said. “The staff recommended grant is a property tax reduction that is estimated to result in a tax waiver of $ 3,892,504 over the 10 year period.”
The city council will vote on the proposal in October.
Kroger is just the newest grocer looking to expand its presence in downtown Dallas. Competitor Tom Thumb has two new downtown locations – the Union Dallas development in Uptown and a second store on Live Oak Street. And Whole Foods Market has a store on McKinney Avenue in Uptown.
An 80,000 square foot Kroger store would be under four levels of apartments.(O’Brien Architects)
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