Tyler Station Beer Garden

Tyler Station Beer Garden

Tyler Station Beer Garden

Dallas Observer

LOCATIONS: OUR CRITICS’ PICKS

Oak Cliff Brewing at Tyler Station Beer Garden

1300 Polk St., #222
Dallas, TX 75224

Around the back of this brewery in the Tyler Station and situated over the Elmwood Branch of Cedar Creek, this garden has picnic tables, shade trees and an old snow-cone trailer full of beer kegs. A taco trailer has taken up residence, too, which means that if you want to have a few pints on a weekend, there’s no reason to leave. In its early days, Oak Cliff specialized in hazy IPAs and fruited sours, and its most popular offerings now are a series of brews inspired by paleta flavors. But there are good offerings for normcore drinkers, too, like an outstanding pilsner (Bounced Czech) and a Goldilocks-style just-right blended pour called John Hancock, which mixes together the rather sweet light lager and rather bitter dark lager in one perfect cup.

Oak Cliff/South Dallas     214-506-0480      https://oakcliffbrewing.com/

Plans Underway for Vacant Building

Plans Underway for Vacant Building

Plans Underway for Vacant Building

SOUTH BEND, Indiana
Allison Zeithammer

Tuesday, June 1, 2021

ABC57

The Ward Baking Company located on the corner of Rex Street and Portage Avenue, has sat crumbling and empty for close to 10 years. Needless to say, it holds a lot of history.

“This was built originally when it was at the edge of the city as the ward baking company and originally it was just a small German bakery called the Beuse Bakery and then they bought that up, added another building in the 1940s,” Bakery Group LLC President Mike Keen said. “And then it was abandoned in 2012 and since then it’s just sat empty full of stuff.”

A few years after it was abandoned, the Near Northwest Neighborhood Community Center tried to turn the building into affordable elderly and workforce housing, but were never able to win the grant needed to make it happen.

“The thing has been a neighborhood nuisance for the last decade, plus driving down neighborhood property values and making people feel this isn’t a very attractive neighborhood,” Keen said.

So, two years ago in 2019, Bakery Group LLC President Mike Keen stepped up to the plate, dedicating tons of time and brainstorming, to bring life back to the building and to the area!

“We want to turn it into neighborhood asset so that it becomes a draw because it’s such a beautiful building and if we can bring it back to its earlier life, it’ll be one of the coolest spaces not only in South Bend but really in the region,” Keen said.

“I sure do hope it does give people an opportunity to give it a second look at the near north side and portage corridor,” South Bend Chamber of Commerce Executive Vice President Rob DeCleene said.

Last night, Keen and the South Bend Common Council met to discuss ways the city can help financially, and approved two tax abatements for the development. With this help, the vision for this enormous space, is that much closer to becoming a reality!

“What we are looking for is a broad variety. We want some really creative folks, the artists and the makers, but we also want some professional office folks, you know people who can provide services to the other people in the building but also the neighborhood.”

“I think anytime you can use a building anywhere in the city that’s of that size with that much street frontage, it’s just an exciting opportunity for guests, for the city, and the neighborhood surrounding it,” DeCleene said.

What the future holds for the building down the line, and what it’ll bring to the table, is what Keen calls a complete transformation.

“We’ve been working for the last couple of decades to sort of rebuild the neighborhood, there have been many vacant lots that we’ve recently purchased maybe 15 or 16,” Keen said. “But to go from a neighborhood that people sort of see as a scary neighborhood to a place where it becomes a destination that people want to come around and hangout and be part of, it really is, what I say is transformational.”

Keen said the transformation hopefully begins next year, and estimates it to be a 3-year project. In the meantime, he’s on the lookout for local businesses who are interested in rent out one of the 60 units inside when it’s done. If you’re interested in collaborating, you can reach out to him at mfkeen1@gmail.com.

 

Big Successes in North Texas

Big Successes in North Texas

Big Successes in North Texas

Award Winning DeSoto Market Place Moving
Forward

Tuesday, June 1, 2021
PRWeb

Big Award & New Successes for Public-Private Partnership Between DeSoto Economic Development Corporation, City of DeSoto, Options Real Estate, and The Industry Hub Boost Shuttered Hardware Store Turned Market & Small Business Incubator.

At one time the future of the large shopping center on Belt Line Road in DeSoto, Texas looked bleak. Their anchor tenant, a 26,000 square foot Ace Hardware Store shut down, and the only option to some was to bring in a dollar store. But City Leaders, their Economic Development Corporation, and forward thinking civic allies teamed up to oppose the dollar store option and, instead, proposed the idea of a market place for merchants with unique items and services and that could also act a small business incubator to “grow” the next generation of DeSoto’s businesses.

Back on June 14, 2019, The North Central Texas Council of Governments (NCTCOG), an association of North Texas governments that assists with regional planning efforts, awarded their Celebrating Leadership in Development Excellence (CLIDE) Award for New Development to the DeSoto Market Place for exemplifying one or more of their Principles of Development Excellence. They also declared that the DeSoto Market Place serves as an example of Development Excellence in the North Central Texas Region. And since then the Market Place has welcomed a Vietnamese Restaurant the has elevated DeSoto’s culinary landscape and seen one incubator tenant build on their success and venture out into DeSoto’s business community.

The CLIDE Awards Program, created in 2003, recognizes public and private entities including cities, developers, architects, planners and engineers, to encourage innovative development projects and practices that will help accommodate expected growth and ensure a sustainable North Texas for generations to come.

The DeSoto Market Place houses the Grow DeSoto Market Place (Grow DeSoto) which came to fruition from a first of its kind public-private partnership between the DeSoto Economic Development Corporation (DeSoto EDC), the City of DeSoto, Options Real Estate, and The Industry Hub to repurpose a building once occupied by ACE Hardware in a manner that would benefit small business owners, as well as the community of DeSoto.

The vision of this unique partnership is to provide a lower barrier to entry on the path to entrepreneurship for small business owners. Businesses that lease space within the Grow DeSoto Market Place receive reduced rental rates with all utilities included, a high traffic area that is easily accessible from I-35 and I-20, flexible lease terms, ongoing business training, mentorship, and the resource assistance of the DeSoto EDC, the DeSoto Chamber of Commerce, the City of DeSoto, Options Real Estate, and The Industry HUB. The space also includes private office suites that are available for lease.

Grow DeSoto, which celebrated its grand opening in October 2018, provides shoppers in DeSoto and the region with a wide variety of unique retail shops, services, restaurants, and a full service fitness and rehabilitation center. “The Grow DeSoto Market Place symbolizes the creative rebirth of our small business community and serves as an example to many other cities that the closure of old businesses in a community can present bold new opportunities that can ultimately make a positive difference within a city!” stated DeSoto Mayor Curtistene McCowan. Monte Anderson, CEO of Options Real Estate, added “As I had expected, we have found highly skilled and creative entrepreneurs from the local community. And, at the same time, we recognize that there is still a lot of work to do in developing local entrepreneurs.”

ABOUT DESOTO ECONOMIC DEVELOPMENT CORPORATION

The DeSoto Economic Development Corporation (DeSoto EDC) is a non-profit organization funded by sales tax revenue to foster local prosperity while maintaining an excellent quality of life and minimizing local ad valorem taxation. The DeSoto EDC aims to assist businesses with a seamless relocation assistance process to DeSoto by providing site selection searches, competitive incentives, a skilled workforce and a prime location in the Dallas/Fort Worth metroplex. Whether your company needs a new commercial office building on Interstate 35, a manufacturing facility on a hill overlooking downtown Dallas, a fulfillment warehouse, or a service-oriented facility, DeSoto is the place to build your business, raise your kids, enjoy life and retire in style. For more information, visit our website at http://www.dedc.org.

For more information about the Grow DeSoto Market Place visit http://www.growdesoto.org
For more information about the CLIDE Award for New Development visit http://www.developmentexcellence.com

Building Better Neighborhoods

Building Better Neighborhoods

Building Better Neighborhoods

Wednesday, May 26, 2021
PLACEMAKING PODCAST

Building Better Neighborhoods
Through Incremental Development

By Matthew Loos

I am extremely excited to share this next conversation with all of you. Monte Anderson is the President of Options Real Estate a multi-service real estate company specializing in creating sustainable neighborhoods in southern Dallas and northern Ellis counties in Texas. Monte began his real estate career in 1984 and since that time has concentrated solely on improving the living and working environments in these communities where he was born and raised. Monte is an outspoken and frequently recognized advocate for policies and practice to serve urban neighborhoods. He currently focuses his development practice in three areas in North Texas: the southern neighborhoods of the city of Dallas, the first ring suburb of Duncanville and exurban town of Midlothian.

Options Real Estate was founded in October of 1991 as a full service commercial real estate company specializing in Southern Dallas County with one mission in mind: To make their neighborhoods and business owners better through the built environment. Their team believes in enhancing the quality of life of Southern Dallas & Northern Ellis Counties and advancing its image, in order to provide an enduring inheritance to future generations. They hope to build a community where residents can enjoy educational and employment opportunities that utilize the technologies of the 21st century, find cultural and spiritual fulfillment, and have a diversity of OPTIONS for shopping, dining, entertainment, living, or homes.

In this episode, we are going to discuss the importance of finding and cultivating your own territory or “farm”, how to raise capital for your next real estate development deal, and what it truly means to be an incremental developer. There is loads of great information in this episode and I greatly appreciated Monte for taking the time out of his extremely busy schedule to discuss this topic of improving communities through the use of incremental development with me.

As always, if you have enjoyed the show, please subscribe to the show and share it with your friends in the industry. There will be more exciting conversations on the shows to come.

Main Take-Away’s From This Show

This was another fun episode to record. I hate to pick favorites because it is so hard to do, but this one is up there as one of my favorite episodes to record. I thoroughly enjoyed Monte candidly sharing his story as well as the story of the Options Real Estate. Monte really provided some great inspiration for those looking to get into development but may not know how to get in to development. He showed through his story that anybody really can get into development. Even someone whose job is to pick up trash in a parking lot. There were so many great talking points that Monte made throughout the discussion, so it is hard to just pick three for my main take-away’s this week. The following main topics of the show come from an understanding of incremental development that Monte possesses.

1. Finding and Cultivating your “Farm”
2. How to Develop Incrementally out of Necessity.
3. Don’t chase money. Let money chase you.

As always, I will dig into each of these “take-aways” every week on the blog. So, without further a due, here we go!

Finding and Cultivating your “Farm”

Monte provided so many great analogies during the course of our discussion to better paint a picture of what he is doing in south Dallas. One of the comparisons made was of the area he consistently “cultivated” for development to a farm. This is not hard to conceive visually. He is constantly tending to his farm by planting seeds of development throughout south Dallas. These seeds grow and produce future real estate investors and entrepreneurs that then plant more seeds in the surrounding communities.

He is constantly monitoring the “farm” as part of his day-to-day activities. This allows him to quickly notice a need or “weed” growing in the community. He can then plant a seed to fill the need in the community. Or he can remove a weed or poor-performing asset that is bringing down the values in the surrounding community. This analogy is all too perfect when you begin to dig deeper into the meaning behind it.

As Monte mentioned, the way he truly is able to provide value in the community in which he’s a part, he really needed to focus on one or two areas. This allowed him to be in tune with the opportunities available and built trust in the surrounding community. People in south Dallas and north Ellis county know that a project that Monte is working on will get done right and he will deliver on his promises. This type of trust takes time and requires effort tending to the farm, but when it is achieved, the fruit that is produced from this effort is all too sweet.

How to Develop Incrementally out of Necessity.

Incremental development is a concentrated, small-scale method of development that improves the surrounding community in a nutshell. Monte was doing this type of development before it was even cool. As mentioned in the show, he was doing this out of necessity, not necessarily because he wanted to. After a few successful incremental developments, Monte began to see the value that he could create with a little amount of starting capital and some sweat equity.

The first case study from my discussion with Monte was on a 16-acre site that he rezoned and subdivided. You may say that this doesn’t seem that incremental, but this was not a project that he completed all at once. He phased the development in such a way that he could adapt to market shifts as well as not in a way that would overextend his small business. The next project we discussed was the Belmont Hotel. This is where he first noticed the power of incremental development. By updating and upgrading the hotel one room at a time, Monte was able to make the Belmont Hotel truly a world-class destination. The upgrades were more organic in nature and did not require large sums of capital to do so one room at a time. He then rolled over the profits from the increased rental rates received from the upgraded rooms into the next one.

The theory and practice behind incremental development is truly empowering for those individuals that would like to get into development but believe that a lack of capital is the barrier to their success in development. By the process of incremental development, one can change this perceived barrier into an asset by creating truly special places through the use of creativity. This process of incremental development allows truly anyone to become a developer and improve their surrounding communities if they have the drive and are willing to be creative.

Don’t chase money. Let money chase you.

This last main point is one that is almost too simple, but often overlooked by those in the real estate industry. Monte provided an analogy that was all too perfect to explain this last point. He takes us to a time when we all had a crush. We wouldn’t chase after them, because that would turn them away as it makes you look desperate. We would “act cool” and act like we weren’t attracted to them and hope that this makes them desire you more. The same goes for money or capital in Monte’s opinion.

He mentions that the best way to approach banks is to do your due diligence and request to “interview” the loan officers in charge of the various branch. Do not come to the bank at the last minute hoping for pity. Build relationships with the bankers early and show them that you are highly competent and have options for which to borrow money. This will go a long way in your ability to obtain capital for projects that you have upcoming. I have to admit, Monte provided tons of practical knowledge and inspired me to look at even more projects in the community in a way that I hadn’t originally.

As you can see from the takeaways above, this podcast episode was absolutely full of great information on making it in real estate development and the benefits of incremental development in building better neighborhoods. If you have enjoyed the content and the show, please subscribe to the show below and share it with your friends in the industry! We’ll have many more great discussions on the shows to come.