Trademark Property Co.'s acquisition of Lincoln Square has paved the way for the redevelopment of a key asset in Arlington.
. The city was invested in seeing the property redeveloped due to its location at the southwest corner of I-30 and North Collins Street.
The redevelopment is still early in the process for any definitive statements on what the project will look like by the time the dust clears. The forthcoming development potentially could include multifamily, a hotel and Class A office space. It is expected to continue to contain significant retail, though likely less than what’s on the ground today.
“One thing I know is it will evolve into something better than what it is today,” Montesi said. “That I can guarantee.” Montesi spoke with theabout how the project came together and how the city of Arlington is becoming a force to be reckoned with. This is a really high-profile piece of real estate to . They consider that corner to be the gateway to Arlington. It is one of the major front doors to their multi-billion dollar Entertainment District.
Recently, there has been very high-quality, high-rent new multifamily and for-rent product. There are several new projects across I-30 from us on Lamar Boulevard – new multifamily projects that have been very successful and could set a new high bar for multifamily rents in the area. The demographics of the renters have been very impressive, well above average for Dallas-Fort Worth. Then, all of the activity that today drives visitors to the Entertainment District.
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