Dallas City Council on Wednesday approved giving $11.5 million in future tax reimbursements to Alamo Manhattan, the developer whose plans last year cause neighborhood uproar.
The $55-million project will include 200 apartments with underground parking garages and ground-floor retail at West Davis and Zang, on the sites where Sonic Drive-In, the now-closed Zoli’s NY Pizza and a collision repair place are now.
In exchange for the money, via tax increment financing, the developer agreed to include a stop for the Oak Cliff Streetcar, the underground parking and other infrastructure. The developer also must make 20 percent, or about 40, of the apartments to be “affordable.” By the city’s definition, that means they’re reserved for people making 80 percent or less of the median income, or about $45,000 for a family of four.
Early designs for the project, released in May 2015, received widespread criticism because of the blocky, unattractive buildings. But Alamo Manhattan came back a few months later with a revised design that neighbors weighing in found more acceptable.
Alamo Manhattan could begin construction this summer.