Hoque Global Builds Portfolio in Underserved Communities

Hoque Global took a major step forward this month to fulfill its mission of bringing investment and development to underserved communities in the Dallas metro. 

The Dallas-based developer unveiled plans to build a mixed-use community to be known as University Hills on a 270-acre site next to the Dallas campus of the University of North Texas.

The University Hills development, which will have its own town center and acres of green spaces, will encompass at full build-out hundreds of single-family homes, 1,500 multifamily units, 1.5M SF of commercial space and 50 acres of green space, according to a report in the Dallas Business Journal.

Mike Hoque, CEO of Hoque Global, said in a press release that the company has prioritized the growth trajectory in the UNT-Dallas area, which is only a 20-minute commute from Downtown but has not seen the kind of growth experienced by other Dallas suburbs.

“A large scale, mixed-use, multi-phase development in this location will re-write perceptions of investing in and moving to Southern Dallas,” Hoque said.

“We hope University Hills will be the first of many community-driven and neighborhood-building developments bringing much-needed quality jobs and housing for the area to grow,” Hoque added.

Hoque Global is acquiring undeveloped land near the intersection of I-20 and Lancaster Road for the University Hills project. The south side of I-20 currently features a concentration of millions of square feet of industrial warehouse space.

According to Hoque, the University Hills project on a site in proximity to UNT-Dallas will accommodate increasing demand for quality office space, life sciences facilities and flex buildings from companies doing business in the city’s southern sector, as well as their suppliers, customers and partners.

Hoque Global said it is working with community leaders and stakeholders in the area to create a vision for the University Hills neighborhood. The Dallas City Council’s Economic Development Committee met with Hoque to review the project, which will be built in phases.

The first phase of the mixed-use project will involve building more than 500 single-family homes, 250 multifamily units and about 200K SF of commercial space, including office and retail.

While the South Dallas submarket has a substantial industrial sector, the submarket’s net absorption in 2021 of about 3.9M SF was overshadowed by the nearly 6M SF and 4.9M SF, respectively, of industrial space absorbed in the DFW Airport and Northeast Dallas submarkets during the same period.