Construction kicks off on southern Dallas apartment community dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
New loan will finance next phase of Dallas’ RedBird redevelopment Steve Brown, The Dallas Morning News
Two local banks have teamed up to provide construction financing for the next phase of redevelopment of the former RedBird Mall property in Southwest Dallas.
Texas Security Bank and Texas Brand Bank are making $13.5 million in construction loans for the build-out of the central, office portion of the project at Interstate 20 and U.S. Highway 67.
The almost $200 million redevelopment of the former shopping mall site includes new retail and apartments, a hotel and office space. Texas Security Bank and Texas Brand Bank supplied the construction funding to create offices a combination of new construction and recycling existing space.
New loan finances next phase of Dallas RedBird redevelopment dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
Note: This article is part of our State of the City project, in which The Dallas Morning News explores the most critical issues facing our communities..
Dallas’ RedBird redo at old mall site hits a home run with first-phase apartments
Palladium USA’s new rental units are almost fully leased before they are even finished.
The almost-finished swimming pool area of the Palladium RedBird apartments.(Juan Figueroa / Staff Photographer)
Construction on the Palladium RedBird apartments in southwest Dallas is still months away from completion, but most of the rental units are already spoken for.
The 300-apartment project is the first phase of the $200 million redevelopment of old mall formerly called Red Bird and then Southwest Center, at Interstate 20 and U.S. Highway 67.
Over the last few years, developers have knocked down much of the old shopping center and are replacing it with the RedBird mixed-use project, a development with retail, residential and office space.