Downtown Dallas Parking Lot Could Give Rise to Apartments, Hotel

Downtown Dallas Parking Lot Could Give Rise to Apartments, Hotel
News| October 7, 2025| Mike Boyd
Texas + Apartment Buildings

It’s just a paved parking lot, but the 2/3 of an acre lot could become much more. Tanya Ragan and Wildcat Management recently listed 1823 Cadiz Street for sale, offering investors in Downtown Dallas a range of options. They range from a 250-unit residential apartment complex, a 200-key hotel, or a mixed-use project blending retail, dining, and large-scale residential or hotel integration. Most significantly, it has no height restriction. The Farmers Market District property is situated blocks from the $3.7 billion Convention Center project.

Wildcat commissioned Merriman Anderson Architects and John Carruth to study feasibility scenarios. Its location within both the Newpark TIF District and a federally designated Opportunity Zone adds significant financial incentives, including potential abatements and investment tax advantages.

Wildcat Management positions the property as Dallas’ largest contiguous redevelopment site currently on the market, one that can deliver both immediate income and long-term transformation.

Other News

Harrison Street Asset Management, Harbert Management Corporation Form Seniors Housing Partnership

Chicago & Midwest

Harrison Street Asset Management and Harbert Management Corporation’s South Bay investment team have announced a joint venture to develop two senior housing communities in Pasadena, California and Potomac, Maryland.    The Palmer in Pasadena and The Belle Mare in Potomac are designed to add 80 and 94 units to their respective communities. Together with projects already under...

Learn more

Refinancing Multifamily Borrowers Face 41% Increase in Interest Rates

Apartment Buildings

Multifamily borrowers with maturing loans face a significantly higher interest rate environment to refinance, with Newmark reporting a 41% increase in interest costs. Loans maturing in the third quarter of 2026 carried an average interest rate of 4.04%, compared with the current 5.69% for new loans. At the same time, cap rates have averaged 5.5%,...

Learn more

Seattle Social Housing Developer to Buy West Seattle Apartments for $68M

Seattle & Northwest + Apartment Buildings

The Seattle Social Housing Developer (SSHD) announced its second acquisition, a six-story building with nearly 200 homes in the heart of West Seattle.  The Developer’s Board approved the acquisition, and SSHD plans to buy Youngstown Flats for about $68 million. In addition, the current owner of Youngstown Flats recently allowed an affordability program to lapse...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up