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Road Opens Up Extras for Stalled Tech Project

DALLAS-Archon's Genisus Dallas North pushes ahead on residential and retail plans for the 88-acre former mall site. The extras to the empty 1.3-million-sf tech center are made possible with a $3.5 million road extension, which opens today.

By Connie Gore | Updated on September 12, 2002

DALLAS-Officials this morning will cut the ribbon on a $3.5-million extension of Montfort Drive, a project paid in full by the Archon Group as a key to getting some deals done for a 1.3-million-sf technology centerpiece to an 88-acre former mall in North Dallas. Clearly, it’s a sign that the high-tech downturn hasn’t totally stalled the Genisus Dallas North development.

Admittedly, there are no leases close to signing, but Archon is pushing out other components that were part of the redevelopment plan from the onset. A 15.1-acre tract is being sold to Zom Texas, a subsidiary of a Netherlands-based high-end residential developer, and a one-acre site to the Florida-based Darden Restaurants for the third Bahama Breeze in North Texas.

Site work begins in November on the 225-unit residential component, with ground breaking most likely in the first quarter. Bahama Breeze also will break ground in early 2003. Zom Texas, looking at its first Texas project, beat out five other developers jockeying for the North Dallas land, the only multifamily-zoned acreage on the site.

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