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New owner to redevelop North Dallas shopping center



The acquisition of an important North Dallas property has been completed by Cypress Equities, a Dallas developer, with plans to redevelop it in the future.
The deal for the purchase of the Corner Shopping Center, situated at the northeast corner of Walnut Hill Lane and North Central Expressway, has been in the negotiation stages for several months.  The 236050ft² office and retail center is located across the way from Dart’s Walnut Hill/Presbyterian Hospital rail station.  

According to Cypress Equities, details of their plans for the property will be released ‘in the coming months’.
Cypress said that the property will be repositioned in a bid to meet the growing demand for restaurants and retail facilities within the community.

The developer has been in business since 1995 and holds a portfolio including around 10 million square feet nationally.

Real estate brokers have revealed that Cypress was one of many developers interested in the Corner Shopping Center location. The center has remained almost unchanged since it was developed during 1977.  

It is located across the highway from where Kroenke Holdings and Provident Realty Advisors are construction the massive Preston Hollow Village project.


More about shopping malls in the USA



TODAY, USA:
It plans to open about 40 such mini-stores in an area of about 50 square feet, which will sell the brand's goods.
TODAY, USA:
The last of the closed Apple Stores in the U.S. was reopened the other day - it is located in Texas.
YESTERDAY, USA:
Filling your cart with items and leaving the site without making a purchase has become the post-pandemic equivalent of window gazing for young shoppers.
Feb 26, 2021, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
Feb 26, 2021, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
Feb 25, 2021, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
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