Goldenrod Companies laid the groundwork for a massive development in West Dallas when it acquired 90 properties in the area last year. It’s now planting the seeds.
The Omaha, Nebraska-based firm has unveiled an ambitious plan to expand the Trinity Groves district with a mix of residential, office and hotel towers, spanning 45 acres across nine parcels in an area known as the Fabrication Yard, the Dallas Business Journal reported.
The first phase calls for 2,419 residential units, 788 hotel keys, 1.4 million square feet of office space, 126,000 square feet of retail space and nearly 10,000 parking spaces, according to filings with the city. Some of the residential units may include existing properties.
At full build, Trinity Groves could feature over 5,000 residential units, 994 hotel rooms, 2.6 million square feet of office space, 222,000 square feet of retail and almost 18,000 parking spaces. The proposed development would give a significant facelift to Trinity Groves, which is primarily known for its lowrise restaurant and retail offerings near the Trinity River.
The project would also incorporate green spaces and tree-lined streets to enhance the district’s connectivity to the Continental Avenue pedestrian bridge, which connects to the Design District.
Goldenrod bought the West Dallas assemblage from the developer of Trinity Groves, West Dallas Investments. The firm envisioned a district similar to Uptown Dallas, Goldenrod managing principal Zach Wiegert told the outlet last year.
The Trinity Groves expansion would add to the development boom along the Trinity River, complementing signature infrastructure like the Margaret Hunt Hill Bridge and the pedestrian bridge, as well as the future Harold Simmons Park inside the river levees.
Goldenrod continues to emerge as a prominent player in North Texas real estate. The firm is spearheading a pair of mixed-use projects in Fort Worth’s Cultural District, including the $400 million One University, for which construction started in March.
—Quinn Donoghue
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