tower at cityplace infill development site future high ......apartments built since 2010 alara...

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Tower at Cityplace Hwy 75 Future High-End Mixed-Use Development Proposed Apartments Proposed Apartment Development Proposed Apartment Development Planned Townhome Development Proposed Townhome Development SITE INFILL DEVELOPMENT SITE AVAILABLE 1321 N CARROLL AVE & 4408 BRYAN ST, DALLAS, TX 75204 Exclusively Offered By: Ty Underwood 214-520-8818 ext. 4 Fax: 214-520-8815 [email protected] SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200 Dallas, TX 75209 214-520-8818

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Page 1: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

Tower at Cityplace

Hw

y 7

5

Future High-End Mixed-Use

Development

Proposed Apartments

Proposed Apartment

Development

Proposed Apartment

Development

Planned Townhome

Development

Proposed Townhome

Development

SITE

INFILL DEVELOPMENT SITE AVAILABLE 1321 N CARROLL AVE & 4408 BRYAN ST, DALLAS, TX 75204

Exclusively Offered By:

Ty Underwood

214-520-8818 ext. 4

Fax: 214-520-8815

[email protected]

SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200

Dallas, TX 75209

214-520-8818

Page 2: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

TABLE OF CONTENTS 1321 N CARROLL AVE & 4408 BRYAN ST | 1

I. 2 AERIAL PHOTOGRAPHS

II. 4 PROPERTY PROFILE

III. 5 EXECUTIVE SUMMARY

IV. 6 SURVEYS

V. 7 LOCATION MAP

VI. 8 DISCLAIMER & DISCLOSURE

Page 3: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

4408 BRYAN ST

1321 N CARROLL AVE

AERIAL PHOTOGRAPH 1321 N CARROLL AVE & 4408 BRYAN ST | 2

Page 4: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

DALLAS

CBD Deep Ellum

Old East

Dallas

Ce

da

r Sp

ring

s R

d

Uptown

Hw

y 7

5

Future Mixed Use Development

Tower at Cityplace

Gre

en

ville

Ave

Proposed Apartment

Development

Proposed Apartment

Development

Proposed Townhome

Development

Apartments Built Since 2010

Alara Uptown 294 Units

396 Units Hanover Cityplace

Bryson at Cityplace 321 Units

Monaco on the Trail 192 Units

Camden Henderson 106 Units

Strata 311 Units

Gables Uptown Trail 334 Units

The Taylor 308 Units

3700M 381 Units

The Icon at Ross 372 Units

Alexan Arts 368 Units

Total New Units: 3,443 Planned 60 Unit

Apartment Development

SITE

AERIAL PHOTOGRAPH 1321 N CARROLL AVE & 4408 BRYAN ST | 3

Page 5: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

PROPERTY PROFILE

ADDRESS 1321 N Carroll Ave & 4408 Bryan St, Dallas, TX 75204

LOCATION The subject properties are located on N Carroll Ave and Bryan St, between N Peak St and N Fitzhugh

Ave, in Dallas, Texas.

LAND AREA 1321 N Carroll Ave 16,687 square feet

4408 Bryan St 55,609 square feet

Total 72,296 square feet (1.66 Acres)

*No minerals are included in the proposed sale of the Property

LOT DIMENSIONS 1321 N Carroll Ave 225.5 feet of frontage x 45 feet of depth

4408 Bryan St 252 feet of frontage x 222.5 feet of depth

ZONING PD 298 (Subarea 9) – Mixed Use 1

Maximum Height 120’ / 9 Stories

Maximum Lot Coverage 80%

Maximum Lot Size None

Maximum Floor Area Ratio 1.0 total development (MUP=2 w/Res)

Primary Uses Moderate density retail, office, and/or multifamily residential

uses in combination on single or contiguous building sites

TRAFFIC COUNTS N Carroll Ave 8,830 VPD (2012)

Bryan St 2,644 VPD (2012)

DEMOGRAPHICS

RADIUS 1 MILE 3 MILE 5 MILE

2013 Population 20,713 138,537 275,092

2013 Avg. HH Income $50,960 $79,438 $76,260

2013 Daytime Population 25,389 359,063 600,011

1321 N CARROLL AVE & 4408 BRYAN ST | 4

Page 6: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARY SLJ Company, LLC (“SLJ”) has been exclusively retained to offer this 72,296 square foot infill

development site at 1321 N Carroll Ave and 4408 Bryan St in Dallas, Texas. Located just east of

Hwy 75, the Property has exposure to strong traffic counts and rapidly improving demographics.

PROPERTY HIGHLIGHTS

EXCELLENT LOCATION Located on N Carroll Ave and Bryan St, between N Peak St and N Fitzhugh Ave, the Property sits

on a busy street in East Dallas. The area is quickly redeveloping with over 3,400 new multifamily

units in developments such as The Icon on Ross and Alexan Arts, among others. The Property is

just minutes from Downtown Dallas, Baylor University Medical Center, Deep Ellum and Dallas’

Uptown and East Dallas Neighborhoods.

FLEXIBLE SITE The Property is 72,296 square feet with high visibility and excellent access. This infill site has

liberal zoning that allows moderate density retail, office and/or multifamily residential uses in

combination on single or contiguous building sites.

STRONG DEMOGRAPHICS With a population of approximately 20,713 and 138,587 living within a 1 and 3 mile radii of the

Property respectively, the Property benefits from a dense pool of consumers in close proximity.

Additionally, the average household income within a 3 mile radius of the property is $79,438.

MANY AREA TRAFFIC DRIVERS Retailers in close proximity to the Property include Sam’s Club, CVS Pharmacy, Walmart

Neighborhood Market, Target, OfficeMax, Ross and Starbucks, among many others.

1321 N CARROLL AVE & 4408 BRYAN ST | 5

Page 7: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

SURVEYS 1321 N CARROLL AVE & 4408 BRYAN ST | 6

BRYAN STREET (80’ R.O.W.)

N. C

AR

RO

LL A

VE

NU

E

(60

’ R.O

.W.)

VARIABLE WIDTH ALLEY

Page 8: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

LOCATION MAP 1321 N CARROLL AVE & 4408 BRYAN ST | 7

Page 9: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on

The material contained in this Memorandum

is confidential, furnished solely for the

purpose of considering an investment in the

properties described herein, and is not to be

used for any other purpose, or made

available to any other person without the

express written consent of the SLJ Company,

LLC. The material is based, in part, upon

information obtained from third party

sources, which SLJ Company, LLC deems to

be reliable. However, no warranty or

representation is made by SLJ Company,

LLC or its affiliates, agents, or

representations as to the accuracy or

completeness of the information contained

herein. Prospective investors should make

their own investigations, projections, and

conclusions regarding this investment.

DISCLAIMER & DISCLOSURE 1321 N CARROLL AVE & 4408 BRYAN ST | 8

Page 10: Tower at Cityplace INFILL DEVELOPMENT SITE Future High ......Apartments Built Since 2010 Alara Uptown 294 Units Hanover Cityplace 396 Units Bryson at Cityplace 321 Units Monaco on