103,500-SF Plaza del Oro Ready to Break Ground

COCKRELL HILL, TX-After a 2.5-year wait, Margaux Development Co. is poised to break ground on the 103,500-sf Plaza del Oro in South Dallas. The $12-million project, already 60% preleased, is the first shopping center in 60 years in a close-in city that’s most often regarded as part of Dallas proper.

Penciled for a July 1 construction start, the three-building Plaza del Oro will sit on 10 acres in the 4400 block of Jefferson Boulevard, about three miles south of Interstate 30. Don Silverman, president of Dallas-based Margaux Development, has secured Dallas-based Centennial Fine Wine & Spirits as an anchor, a deal requiring a voters’ blessing to allow alcohol sales inside the city line and one that didn’t come until last year. Initially, the referendum was penciled for May 2006.

The entire project will come out of the ground simultaneously. Silverman says Centennial’s footprint will be a 12,000-sf Big Daddy’s store. The 91,500 sf of shop space will hold a 35,000-sf El Rancho Marketplace, a cell phone company, dental clinic, pizza shop and auto parts supplier, with more on the way.