It takes investment to raise a Village

​​Hillcrest Village retail center in far north Dallas.​DALLAS – 2GR Equity and Shop Cos. have purchased the Hillcrest Village retail center at the northwest corner of Hillcrest Rd. and Arapaho Rd.

The new owners plan to completely renovate the shopping center, which was built in the late 1970s and early 1980s. Renovations will include a remodel of building exteriors, new lighting, signs, and landscaping.

One of the site’s six retail buildings will be torn down to open up space for a 1.5-acre park.

The city has agreed to provide up to $3 million in incentives to support the neighborhood retail upgrade.

Most of the retail center was vacant when Shop Cos. and 2GR Equity began working on the redevelopment plan.
12 September 2018, 08:02

Source: NewsTalk Texas RSS

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