Dallas, TX (PRWEB) May 27, 2014
Dallas is one city that is continually proving that it is an exciting epicenter for entertainment and living. Prudential Texas Properties reports that the initial phases have begun in the $100 million redevelopment of Dallas neighborhood Victory Park.
On Wednesday, May 14, construction officially started with the ground breaking on Olive Street and Victory Park Lane in the beginning stages of a project that aims to refocus the development and make pedestrian-friendly improvements to the area. Overseeing the project is Victory Park investor Estein & Associates and Fort Worth-based builder Trademark Property.
Plans for the project include adding a raised crosswalk and a median on Olive Street to connect Victory Park Lane and Victory Plaza. Area officials hope to make foot traffic safer for pedestrians traveling between the American Airlines Center and the southern end of Victory Park with the installation of a signalized crosswalk.
Developers will also make improvements for local businesses by widening sidewalks to accommodate outdoor patio space. Overall, the improvements will enhance the walkability and connectivity of the neighborhood and create a smooth conduit between two popular entertainment areas of the city.
“Dallas is working to improve itself all the time and the redevelopment of Victory Park and the improvement of pedestrian capabilities are just a few more elements that are attracting home buyers to this great city,” DD Flynn, VP of Marketing at Prudential Properties says.
Later phases of the development will help to keep the attraction alive by bringing in more restaurants, retail, entertainment and office space to the area. Bike lanes and the shifting of traffic patterns will also be utilized to capitalize on all forms of transportation to and from the area.
These efforts will transform Victory Park into the thriving mecca of retail and entertainment that city officials know it has the potential to be.
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