Very exciting, long-awaited news – the newest Costco opens today at Churchill Way and Coit Road!
Although there are already 10 stores in the North Texas area, this will be the first within the city limits, and we all know how Dallasites feel about having to drive to Plano…
The 148,000 SF warehouse-style building has fuel pumps, a pharmacy, bakery, deli, optical, and more. The project notably received $3 million in economic incentives from the city.
Masterplan’s work was instrumental to the site’s success. According to Dallas City Council Member Lee Kleinman, “Masterplan crafted a PD [Planned Development] that accounted for the needs of the surrounding residential community while allowing Costco to thrive. The collaborative process resulted in a win for the neighborhood, the City, and the client.”
Congratulations to everyone involved for their hard work on this case!
Masterplan CEO Dallas Cothrum obtained a Planned Development District change of zoning for what was once called Sherwood Forest. The original client, ZOM, failed to close on the project.
“I’m glad to see someone using the zoning we obtained,” Cothrum said. “Looking back on it, this project failing turned out to be a harbinger of the Great Recession. At the time, I just thought it was a real estate setback, but it turned out to be much more.”
The end of the Wright Amendment in late 2014 opened up Love Field, and business in the area has subsequently been booming again! We’ll be interested to see what other projects get resurrected…
The Union, from RED Development, was a particularly tricky case Masterplan took on several years ago. We improved the potential of the site by managing the complicated case for a planned development subdistrict.
This major mixed-use project is set to anchor the area by bringing in a Tom Thumb grocery store. Streetlights Residential is adding multi-family housing to the project, and there will also be office space designed for entire floor users.
It’s been amazing to watch this building take shape and land great tenants over the past year or so – we can’t wait to see it finished!
Dallas City Council approved a change of zoning to allow for construction of a Dream Hotel along McKinney Avenue. This new luxury hotel will have two restaurants and an entertainment bar/lounge. It will primarily cater to business and destination travelers. The Oak Lawn Committee approved the project and its increase in floor area because parking was placed underground. Numerous meetings were held with neighbors throughout the process, and the project has seen a growing level of community support!
Do you have a development that has to make it past the Oak Lawn Committee? We’ve got a great track record working with them, so bring us on board today!
Masterplan recently helped DISD win approval of several projects funded by the 2015 Bond Program, including one at Frank Guzick Elementary School. The Dallas City Plan Commission (CPC) rubber stamped a one-story, four classroom addition to the school that will enable it to enroll more Pre-K students. Construction is projected to begin as soon as possible!