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Briefing on Unsolicited

Proposals for Transit


Oriented Development
on DART-owned Property
Planning Committee
March 27, 2018
Robert Strauss, VP Real Property & TOD
Jack Wierzenski, Director Economic Development

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Agenda
• Overview
• 8th and Corinth Station Area Unsolicited Proposal
• Forest Lane Station Unsolicited Proposal
• Cedars Station Area Unsolicited Proposal
• Next Steps

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Overview

• Periodically DART TOD and Economic Development staff is


contacted by a developer(s) to meet to discuss Transit Oriented
Development opportunities at select station areas
• If the meeting involves DART-owned property, it is an
opportunity for DART to share with the developer the DART
TOD Policy, DART TOD guidelines, availability of a specific DART
property for sale or ground lease, and DART’s competitive
process to solicit proposals for DART-owned property
• If DART-owned property is involved, the developer will then
submit an unsolicited proposal to DART demonstrating a basic
concept of how they intend to develop the property

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Overview (continued)

• DART TOD and Economic Development staff then reviews the


unsolicited proposal(s) to assess its compatibility with the TOD
Policy goals and, if it is determined harmonious, presents the
unsolicited proposal(s) to the DART Board of Directors Planning
Committee for their review and feedback
• After receipt of the Planning Committee’s review and feedback,
staff will determine whether or not to move forward with a
public solicitation of the DART-owned property; any sale or
ground lease is subject to approval of the DART Board of
Directors

4
Overview (continued)

• Texas law requires a public solicitation for the sale and/or


ground lease of DART-owned property per statutory
guidelines, which includes two newspaper notifications and
a waiting period before a sale or lease can be made
• Additionally, staff will work with the Real Estate
Department to advertise the property on commercial real
estate websites to broaden the solicitation of proposals

5
Station Areas for Proposed Transit
Oriented Development

Forest Lane Station

8th and Corinth Cedars Station


Station

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8th and Corinth Station Area -
Unsolicited Proposal

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8th and Corinth Station Area -
Unsolicited Proposal (continued)
• Developer – 2000 Roses Foundation
• Ground Lease or Sale
• 2.57 Acres
• Zoning – PD 383
• Mixed Use
– Offices
– Neighborhood Bank
– Community Garden
– Hydroponics Garden Storefront

8
8th and Corinth Station Area -
Unsolicited Proposal (continued)

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8th and Corinth Station Area -
Unsolicited Proposal (continued)

10
8th and Corinth Station Area -
Unsolicited Proposal (continued)

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8th and Corinth Station Area -
Unsolicited Proposal (continued)

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Forest Lane Station Site –
Unsolicited Proposal

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Forest Lane Station Site -
Unsolicited Proposal (continued)
• Developer – RMGM Developers, A Matthews Southwest
Company in partnership with the Greater Cornerstone Baptist
Church
• Ground Lease
• 1.60 Acres
• Zoning – PD 506
• Mixed Use, Mixed Income Development
– Office
– Retail
– Multi Family Affordable Residential

14
Forest Lane Station Site -
Unsolicited Proposal (continued)

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Forest Lane Station Site-
Unsolicited Proposal (continued)

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Cedars Station, Powhattan Street Site
- Unsolicited Proposal (continued)

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Cedars Station, Powhattan Street Site
– Unsolicited Proposal (continued)

Powhattan
Property

Cedars
Station

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Cedars Station, Powhattan Street Site
- Unsolicited Proposal (continued)
• Developer – RMGM Developers, A Matthews Southwest
Company in partnership with Not For Profit Dallas Asian
American Cultural Center
• Ground Lease
• 2.0 Acres
• Zoning – PD 317 Transit Oriented Mixed Use
• Mixed Use, Mixed Income Development
– Asian American Cultural Center
– Office
– Retail
– Multi Family with Affordable Residential

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Cedars Station, Powhattan Street Site
- Unsolicited Proposal (continued)

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Next Steps
• Incorporate any Feedback from Planning Committee
Briefing in the Solicitation of Proposals
• Initiate Solicitation of Proposals for Transit Oriented
Developments for each of the Sites
• Receive and Analyze the Proposals
• Brief Planning Committee on Proposals Received and
Request Feedback

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Questions?

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Thank you

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