For July’s Monthly Spotlight, we’re turning our attention to Main Station, located in the heart of Duncanville at 100 S Main St. Built in 2003 at 23,000 SF, this mixed-use property features residential lofts over first-level retail spaces, high visibility and bikable & walkability to area amenities.
Right now, we have both a first-floor retail/office space and a residential loft available for lease, making it the perfect 1-2 work/play combo for you if you’re looking to stay close to your burgeoning business. Of course, both spaces are available individually.
At 769 SF with a lease rate of $22 SF/yr, the first-floor retail space is perfect for a boutique store. Your neighbors would include Rice Pot, Roma’s Italian Bistro, and 3R Cigars with personal services including a salon, fitness training, and an occupational health office.
If you’re looking for a roomy loft in the middle of Duncanville with easy access to both Hwy 67 & I-20 for just $1,100 per month, then you’ll want to check upstairs at Loft #227. Measuring in at 1,027 SF, this open concept loft features a balcony. And as easy as it is to access the area’s major highways, you’re 2 blocks from Armstrong Park and also just a 5-minute drive to some of south Dallas county’s most breathtaking outdoor space at Cedar Ridge Preserve and Cedar Hill State Park. This apartment will be ready for you to move in September 1.
At Options Real Estate, we believe in the continued development of south Dallas county, whether it’s through new, local businesses or creating walkable, bustling living spaces for Texans.
If either of these spaces seems like the perfect opportunity for your next adventure, contact Monte Anderson at Options Real Estate at monte@optionsre.com or learn more here.
Tyler Station was created with the intention of redeveloping the old Dixie Wax Paper plant into a neighborhood collaborative workplace for everyone. As new urbanists and preservationists, we saw a really good opportunity to connect a mix of commercial uses, a commuter rail station and a neighborhood together. That is why we are honored to be included in D Magazine’s June issue in a profile from Shelby Hartness.
Options Real Estate President Monte Anderson knew that he wanted to restore the historic Dixie Wax Paper building but even in 2015 when he began the journey, he didn’t envision a Tyler Station that would be 100% occupied with entrepreneurs, brewers, artists and more in its more than 110,000 square feet.
“I imagined a manufacturing facility with welders, carpenters, bookkeepers, advertising professionals, fitness centers, places to eat and drink and then the twist, 50 different companies.”
But if you’ve been to Tyler Station, you know that putting that many companies in one space has created an environment where people are able to bounce ideas off of each other and create a real community under the same roof.
“People at Tyler Station are encouraged to interact,” Hartness writes. “Retail shops on the first floor have walls of grid wire, which allow passersby and occupants to see one another and say hi. Much of the work was done by locals and tenants of the building..”
If you’re interested in learning more about Tyler Station in Oak Cliff, be sure to check out D Magazine’s article online or in its June issue available now. And if you want to check out Tyler Station and its dedication to the past and future of Dallas for yourself, it’s only a short DART Rail Red Line ride to the Tyler/Vernon Station.
Come see us this weekend or during our monthly First Thursday event.
Incremental Development Alliance is planning to hold a Small Developers Bootcamp this year in Greensboro.
Jim Kumon has big ideas for small developments.
That’s the gospel he preaches as executive director of the Incremental Development Alliance, a Minnesota-based group that promotes what’s called “small-scale developments.”
Not familiar with the concept? I wasn’t either before meeting Kumon recently during his visit to Greensboro, a second trip to the city as he works to plan a Small Developer Bootcamp in the city later this year.
Through their group, Kumon and his partners promote a creative approach to smaller developments that mix retail, office and residential within existing residential areas of a city.
He’s not talking about tearing down a block of single-family homes to build a strip mall populated with a string of 2,000-square-foot storefronts and an expansive parking lot.
He’s not after the multi-million-dollar retail center populated with anchor tenants that require customers to drive there to shop.
Instead, he and his partners, John Anderson and Monte Anderson, help those seeking to enter the development field find project designs that can fit into a small scale and can often be financed through a conventional home mortgage.
The approach allows residents to make an investment to bring amenities into their neighborhoods by creating small retail and entertainment hubs, while providing developers-to-be the ability to begin to build wealth through small-scale projects.
“We need more buildings that can be commercial and be residential and be retail and be small places where you can do minor light industrial,” Kumon told me. “We need buildings that actually can do more things so that when times change, we don’t end up with single-use, throwaway buildings.”
Using the concept of letting the form follow the financing, Kumon and his partners have come up with a design for a four-plex with roughly 4,000 square feet with three apartments and ground-floor retail.
Such a building would fall under the definition of “house,” assuming the owner initially lives there for a set period, and therefore would qualify for a traditional 30-year mortgage, Kumon said.
That provides the small-scale developer a longer time to cover the loan, and it allows for streams of revenue to help cover the monthly mortgage payments, he said.
Kumon points to the intersection of Elam and Walker avenues in Greensboro as a prime example where retail, restaurant and office space can be integrated into residential communities.
“Right now, that area is serving multiple neighborhoods,” Kumon said. “It’s punching way above its weight class.”
Kumon first became interested in Greensboro through Ryan Saunders, an entrepreneur and real estate broker who heads the Create Your City initiative designed to cultivate communitywide artistic and cultural ventures.
Saunders says he’s always thought of Greensboro as a city of villages, with communities like the Walker-Elam, State Street, Fisher Park, Spring Garden and Aycock neighborhoods.
Saunders convinced Kumon to visit Greensboro, and earlier this month set up meetings with city staff including Reggie Delahanty, small business coordinator, and Kathy Dubel, economic and small business development manager, to talk about ways the city can foster small-scale development.
“We have to look at each of our neighborhoods as their own self-sustaining modules,” Saunders said.
That means bringing many of the offerings — restaurants, coffee shops, groceries — into the neighborhood on a small scale so that people can walk to them instead of hopping in their cars, and fostering those investments from within, Kumon and Saunders said.
The next step is to work toward a Small Developer Bootcamp in Greensboro sometime this fall.
The Incremental Development Alliance has conducted seven bootcamps so far and worked with about 1,000 people in cities including Louisville, Dallas, Portland, Ore., and Kalamazoo, Mich.
The one-day workshop, which costs about $200, helps introduce those interested in pursuing small-scale development to the concept and gives them tools to navigate the path to securing financing, receiving permitting and zoning approval and fashioning their projects.
The idea is for it to be an ongoing relationship, not just a one-day event, Kumon said.
“We follow up with weekend workshops — how to get those different pieces completed,” Kumon said. “We want to reward places that are already thinking progressively about trying to change the rules.”
