$1M Payment Paves Way for 211-Acre, Mixed-Use Development

DALLAS-One million dollars may not seem like a whole lot in the overall scheme of things. However, when it is directed toward the city of Dallas’ North Oak Cliff’s Davis Garden Tax Increment Financing District for improvements along Davis Street, it represents one of the final infrastructure pieces necessary for the 211-acre, mixed-use Canyon in Oak Cliff. Davis Street is a main thoroughfare on this city’s south side.

The money is coming from Stratford Land, Canyon’s owner and developer. The $1 million will be reimbursed to the developer during the seven-to-10-year build out of the multi-billion dollar project, located at Interstate 30 and Westmoreland Road. When all is said and done, Canyon in Oak Cliff will contain approximately 4,000 to 5,000 units of multi-housing and about 1.2 million square feet of retail, office and medical office space as well as flex space and hotels.