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505 Riverfront

Museum of Nature and Science

Dallas Federal Reserve

Winspear Opera House

505 Riverfront

It will be judged by the company it keeps.

Nasher Sculpture Garden

505 Riverfront

Woodall Rogers Park. Opened a few weeks ago to great fanfare and success, the Park is located less than mile from the Property. It not only connects Downtown to Uptown, this $70 million addition to the City will act as a significant catalyst to draw people from all over North Texas into the area to live, work and play.

505 Riverfront

A Brief History. The Property was removed from the Trinity River Flood Plain in the late 1920s when the Trinity River Levee system was built. A good thing too.the river channel ran right through the property. If you will look closely at the 1946 image below you will see the remains of the old channel. After the beginning of The Great Depression, it is believed that the property basically sat fallow until 1946. The Stemmons Family and friends, through their company, Industrial Property Corporation (IPC), began acquiring thousands of acres in the newly reclaimed area on the east side of the levee. Finally in 1946, they announced the launch of the Trinity Industrial District (the District). The second major land sale that IPC made in the District was the Property. It was sold to Texas and Pacific Railroad (later becoming Union Pacific Railroad) for the development of a freight house. They operated the property as a rail-to-truck facility up until they sold the property to JPI Multi-Family in 2005. JPI and its affiliates held the property though September 2011 when they conveyed the Property through forced sale to Plains Capital Bank (Plains). The Property is currently owned by 505 Riverfront, LTD., a Texas limited partnership.

505 Riverfront

Location, Location, Location. It is the last significant undeveloped property in the urban core of Dallas, Texas. It consists of 30+ acres on both sides of the Woodall Rogers Freeway at the foot of the newly opened $182 million Margaret Hunt Hill Bridge designed by world famous Santiago Calatrava. It sits immediately west of Downtown Dallas and the vibrant Uptown area, all connected by the newly opened $70 million Woodall Rogers Park. Some of the newer and more notable developments in the area are the Dallas Museum of Art, the Myerson Symphony Center, the Nasher Sculpture Center and Winspear Opera House, the American Airlines Center, the Dallas Federal Reserve, the world renown Crescent, the Perot Museum of Nature & Science and the Dallas Convention Center. There are very few urban development sites like 505 Riverfront in the United States. None that offer a developer the opportunity to create a world-class development in a world-class city surrounded by world-class developments and architecture. View of the property with the Calatrava Bridge in the foreground and Downtown/ Uptown in the background.

505 Riverfront

Unique in every way. First, it is at the convergence of 4 major freeway systems, the North Dallas Tollway, IH-35, IH-45 and IH-30. This unique access places the property within an 8-9 minute freeway drive to over 600,000 people. Additionally, the day-time population generated by Downtown, Uptown, Baylor Hospital, Parkland Hospital and UT Southwestern Medical Center, all with 5 minutes of the site, is believed to be an additional 200,000. Second, it is contiguous to the $2 billion re-development project known as the Trinity River Corridor Project. The project will include recreational lakes, boardwalks, an amphitheater, soccer fields, walking/biking trails and event plazas, all within a minute walk from the property. http://www.scribd.com/doc/102594528/TrinityLakesProposedPhaseI-081512 Third, the City will begin the re-development of the Continental Bridge in the first quarter of 2013 into a mile long pedestrian only foot bridge and park. The park will be fully landscaped with interactive water features and games as well as weekly staged family oriented events (image on the following page). http://dallascityhall.com/committee_briefings/briefings0610/ TR_ContinentalBridgeDesign_062210.pdf

505 Riverfront

Fourth, by the end of the 1st quarter of 2013, the City will begin a major improvement project to beautify Riverfront Boulevard into a tree-lined pedestrian friendly boulevard. When finished, Riverfront will arguably be one of the most impressive thoroughfares in Dallas. Lastly, and probably most consequential, the Woodall Rogers extension to the new Calatrava bridge was just opened and provides off ramps from Woodall Rogers directly to Riverfront Boulevard and the Property. You can just see the Property peeking out under the Woodall support beams on the right.

505 Riverfront

Demographics. Over 600,000 people live and another 200,000 work within an 8 minute drive of the Property. In addition, the site is within 5 minutes of the Dallas Convention Center, the Dallas Trade Marts, Southwestern Medical Center and Parkland and Baylor Hospitals.

505 Riverfront

Trinity River Development. The illustration to the left reflects the Citys current vision for the Trinity. Obviously, the Property sits at the epicenter of this ambitious re-development.

505 Riverfront

Riverfront Boulevard Improvements. Fully funded and scheduled to begin the first quarter 2013, the first phase of the project will run along the entire length of the Property through Continental Avenue to the north. It will include fully landscaped medians and sidewalks together with blue and green decorative pavers for bike trails and sidewalks. In addition to beautification, the City will be improving many of the sub-surface utilities in Riverfront and will provide the Property with curb-cuts and utility stub-outs at City expense.

505 Riverfront

Riverfront Boulevard Improvements Contd. As part of the Riverfront street improvements, the City re-designed their initial Riverfront design to include a major entrance to the Property with a fully lighted intersection and 3 secondary curb-cuts, all at the Citys expense. The Citys willingness to provide the owner/developer of this property with any and everything they can to facilitate the re-development of this property has been nothing short of phenomenal.

505 Riverfront

Continental Bridge Park. Scheduled to begin in the February 2013, this fully funded $10 million park will be a mile long family oriented park offering a variety of uses from interactive water features to playgrounds for kids and adults as well as an event area that will be staged weekly. The Park will become an excellent viewing area for the Calatrava Bridge and all future activities in the Trinity River as it is redeveloped.

505 Riverfront

Sports Arena TIF. The Property is in the Riverfront Sub-district (outlined in blue on the adjacent drawing) of the Sports Arena TIF revenue generated from the Riverfront Gateway Sub-district will be deposited into the Riverfront Gateway sub-account of the TIF Fund and will be used solely by the Sub-district. The City estimates that TIF funds will equal 10% of the property valuations in the Sub-district and will go directly to the owner/developer of the Property. Among other things, TIF funds for Riverfront Gateway may be used for environmental remediation, demolition, Infrastructure, open space, retail Incentives, technical studies and direct grants to encourage the redevelopment of Riverfront Gateway property.

505 Riverfront

Utilities: Water: There is an existing 12 water sub-out to the Property and is connected to a 24 water main in Riverfront Boulevard. Sanitary Sewer: There is an 18 waste-water main located 200 from the southeast corner of the property. A 16 main will be extended to the property for service Franchise: Gas, electric, phone, cable/fiber are located in Riverfront Boulevard. Storm Water: There is a 90 storm-water main located in Riverfront Boulevard. Zoning: PD 774. This Planned Development District whose primary permitted uses are retail, office, hospitality and high-density residential with no density or height restrictions (subject to FAA approval). Environmental: There have been several recent environmental studies completed on this property by Targus Associates, the most recent being a Phase I, dated November 2012. There are no known adverse environmental conditions on the Property.

505 Riverfront

Sample Utility Layout Sample Street Sections

505 Riverfront

Documents Available to Interested Developers/ Investors Upon Request Title Commitment Exception Documents Vesting Documents Environmental Study Engineering Report Sports Arena TIF Current Survey Current Zoning Ordinance

For Further Information


Please contact

Dale Foster 802-505-RIV1