City Council to consider $11.25 million for Alamo Manhattan project

Image courtesy of Good Fulton & Farrell

Image courtesy of Good Fulton & Farrell

The Dallas City Council’s economic development committee approved the proposal to grant a developer $11.25 million in reimbursements for a Bishop Arts District project that includes multistory apartments, shops and a streetcar stop.

The committees voted in favor of sending the proposal, from developer Alamo Manhattan, to the full City Council on Feb. 24.

Alamo Manhattan’s project, at Zang and Davis, would include 200 apartments with underground parking garages plus ground-floor retail space on the sites where Sonic Drive-In, Zoli’s NY Pizza and a collision repair place are now.

Construction could start this coming August, and if so, it could be completed by April 2018.

As part of the tax-increment financing, the developer is required to 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. The project also includes underground parking for all of the apartments, at a cost of about $30,000 per space. And the developer will create a plaza for the streetcar stop on Zang at Eighth.

The economic development committee voted 5-1 to send the proposal to City Council. Rickey Callahan, Lee Kleinman, Carolyn King Arnold, Adam Medrano and Adam McGough voted yes, and Casey Thomas voted no.

City Councilman Lee Kleinman, who represents far north Dallas, questioned why a developer in Oak Cliff, one of the city’s fastest-growing real estate markets, should receive TIF funding.

“When is Oak Cliff going to stand on its own?” he asked, during the joint meeting of the Council’s economic development and housing committees.

Oak Cliff City Councilman Scott Griggs was quick to answer: “Oak Cliff does stand on its own, and so does Southern Dallas.”

Griggs pointed out that Kleinman, as an investor in Sylvan Thirty, personally profited from TIF funding in our neighborhood.

By |2016-02-01T12:23:34-05:00February 1st, 2016|Bishop Arts District, City Hall, Development, News|9 Comments

About the Author:

Rachel Stone is the Oak Cliff editor. Email rstone@advocatemag.com or follow twitter.com/advocate_oc.                                     

9 Comments

  1. […] is expected to begin in the next few weeks on the developer’s $57-million Oak Cliff project, which includes to buildings rising four stories with 216 apartments as well as first-floor shops […]

  2. […] Oak Cliff, the new ordinance would effect projects like the Alamo Manhattan, which received $11.25 million in city tax dollars, and Exxir Capital, which so far has received $7 million in tax funding. Since zoning has already […]

  3. […] square feet of retail and restaurant space and 216 for-rent apartments. The developers will receive $11.25 million in future tax reimbursements from the city of Dallas, and the overall project is expected to cost $57 […]

  4. […] likely would close this spring, prior to the expected start this summer of construction on Alamo Manhattan’s Bishop Arts gateway project. He says the Zoli’s building, which previously housed Monica Greene’s experimental Bee […]

  5. Rachel Stone February 1, 2016 at 3:43 PM

    There is one on Fort Worth Avenue at Bahama!

  6. lakewoodhobo February 1, 2016 at 3:31 PM

    Nooo, don’t get rid of Sonic! Now where am I gonna go for my cherry limeade?

  7. Sandy Bates Emmons February 1, 2016 at 3:00 PM

    No TIF for these developers!!! Not fair that some of our smaller businesses are having to foot the bill for projects that will put them out of business or displace them

  8. Becky Brown February 1, 2016 at 2:42 PM

    tell ’em Scott!

  9. […] Oak Cliff Advocate reports that the Dallas City Council’s economic development committee has approved a $11.25 million […]

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