DEVELOPMENTS

Citywalk@akard: located at 511 N. Akard Street, the formerly vacant 15-story office tower was purchased in 2006 and has since undergone a massive transformation.  The building has been converted into a vertical neighborhood.  The project is the largest nonprofit in the city of Dallas; it was modeled after similiar projects in Seattle, New York, and Houston all of which have experienced a good deal of success.  The has 200 high-quality, affordable residences, fifty of which are reserved for the formerly homeless.  The street-level is home to retail, the second-floor houses multiple office spaces for lease, the third-floor is headquarters to both CDM and Central Dallas CDC, and the top-floor has six condos all of which have sold for market value.  The Dallas Business Journal awarded the project the Best Rehab/Reuse Real Estate Deal of 2010, and Preservation Dallas honored the development with a Preservation Achievement Award.

The Cottages at Hickory Crossing: located at 1531 Malcolm X Street, Central Dallas CDC is playing the role as the primary property developer for a collaboration that includes Metrocare, MDHA, Central Dallas Ministries, University of Texas-Southwestern, and the County of Dallas.  The colloraboration was formed by the Caruth Foundation to provide housing and support for fifty of the most difficult homeless persons-people who suffer from mental and health and legal issues coupled with being homeless.  The concept is to provide suitable housing and the intensive care necessary to allow the residents to move forward successfully with their lives and then to conduct those results with a rigorous academic study.

Dolphin Heights: Central Dallas CDC is working with CDM-AmeriCorps and the buildingcommunityWORKSHOP to revitalize the Dolphine Heights neighborhood.  The project includes repair, rebuilding, and/or weatherization for most of the homes in the neighborhood.  CDM-AmeriCorps has committed fifty members to the project.

Patriot Solar Power: Photovoltaic generation of power (solar power) has become an economically viable source of power generation in Dallas, Texas because incentives at the federal level with the 30% renewable energy credit and locally with Oncor's new incentive of $2.46 watt of photovoltaic power for residential users (limited by Oncor to be $6,000 to $10,000 per kilowatt) is prohibitive to almost all middle-income and lower-income residents in Dallas.  Central Dallas CDC wants to change this and bring benefits of solar power to middle and lower income residents of Dallas.  Acting through a limited liabality company, Patriot Solar Power L.L.C, Central Dallas CDC will make solar power available to residents living in areas of Dallas where the average income is less than 80% of that for the Dallas Metropolitan Statistical Area, begining with an initial program bringing solar power to 100 households.

Re: Vision Dallas: a proposed sustainable development to be located on a full city block immediately south of City Hall.  During the period from January to May2009, Central Dallas CDC worked with Urban Re:Vision, a San Francisco-based nonprofit, the local community design organizationn buildingcommunityWORKSHOP and the City of Dallas to conduct a design competition for the project.  Over one hundred entries were received from more than a dozen countries, and three winning entries were selected by the jury.  In November 2009, we selected the architectual firms MOOV and Atelier Data as the design architects for the Re:Vision Dallas project, which will turn a parking lot immediately south of Dallas City into the first truly sustainable city block in the world.