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TRC Blog

February 03 , 2012

New Lowest Greenville  | Update

New Lowest Greenville | Update

On January 19th, over 75 brokers, retailers, land owners and investors came together to hear the latest on the re-development of the New Lowest Greenville, an area encompassing the commercial properties on Lower Greenville between Belmont and Munger. Family owned, Andres Properties, has been involved in the transformation of these 1920’s era buildings since the early 1960’s and are spearheading the master plan along with other landlords and property owners. These efforts are revitalizing the area for nearby homeowners and creating a dynamic destination for visitors from all over Dallas and abroad. [The corner of Greenville and Ross is only two miles east of the Dallas Arts District.] Property owner, Marc Andres announced the streetscape project is complete and the undesirable bars have closed. All of the old concrete streets sidewalks and head-in parking spaces have been replaced with a more intimate two-lane street, parallel parking, and pedestrian friendly sidewalks. The new Planned Development (PD) requiring Specific Use Permits (SUP) to operate after midnight has proven effective in restoring the Avenue as a neighborhood friendly restaurant and retail entertainment district. Andres pointed out that there is an excess of safe, well lit parking spaces to satisfy the new retailers and restaurants moving in. He jokingly noted, unless of course you are looking for a space on St. Patrick’s Day where the area is celebrating with its annual parade. The Retail Connection is overseeing the leasing strategy for the project. There are more than a dozen second generation restaurant spaces available from 1,500 square feet to 7,500 square feet. Most restaurant spaces have outdoor patios with a select few having roof top patios with breathtaking views of Downtown Dallas. Retail space from 1500 square feet to over 10,000 square feet is also available. A grand effort is under way to program the Avenue and attracting the best in class, distinctive tenant mix to ensure its long term success. Dallas City Councilmembers Angela Hunt and Pauline Medrano, whose districts include Lower Greenville, reiterated that the New Lowest Greenville extreme makeover is a cooperative effort with the city, owners of the retail on the street, the neighborhood, and is a catalyst project for other unique areas around the city. They were excited to review the list of improvements they worked hard to secure and made as a result of the over $1.9 million in funds from the city’s bond program. These included: 1. Removal of head-in parking 2. Traffic calming by narrowing the Avenue from four lanes to two 3. Removing the head-in parking and adding parallel parking creating a sidewalk buffer and convenient on street parking 4. New expansive 10’ sidewalks 5. Unique green patterned brick pavers on all sidewalks 6. Oversized 16’ outdoor patios for each storefront 7. Placement of parkway trees throughout the district 8. Soft unique landscaping restating a softened small town feel 9. Benches with sitting walls spread throughout area encourage walking and resting spots 10. A generous number of antique light fixtures 11. New trash receptacles 12. Numerous bike racks encouraging cycling 13. Green pavers in crosswalk areas 14. Multiple obsolete drive approaches were eliminated and replaced with handicap accessible sidewalks 15. Utility poles to be relocated to the rear of the building later in 2012 Future plans are to expand and continue north to Belmont and south to where Greenville becomes Munger, allowing for the New Lowest Greenville to become a multi-block area with a small town feel. Madison Partners announced that the first Trader Joe’s grocery store in Dallas is being built at the corner of Sears and Greenville, the former Arcadia Theatre location. The planned food trailer park will be reconfigured to accommodate Trader Joe’s by adding a dining area, a covered patio, an open air patio, and a commissary kitchen. Stay tuned for more on the evolutionary changes taking place throughout 2012 at the New Lowest Greenville. www.newlowestgreenville.com
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