Another in a never-ending series of proposed Dallas developments -- we call this one "West Love Market."

Go West Love, Young Man?

It's been a little more than a year since Balcones Realty Partners announced its intentions to build a 37-acre, 365,000-square foot restaurant-retail center near Love Field -- at Mockingbird Lane, Maple Avenue, Forest Park Road and Empire Central. It's called West Love Market -- enh. Work on the site was slated to begin in April, but in recent months some folks have gotten a wee bit antsy over progress, or lack thereof, on the site. No doubt, this is the reason for the hold-up: Balcones Realty, owned by the company owned by boxer Oscar De La Hoya, is waiting to see whether Dallas City Hall will create the Maple-Mockingbird Tax Increment Financing District, which the council's Economic Development Committee will discuss this morning, among other things.

The West Love Market, development of which may cost as much as $100 million, plays a big part in council's 28-page presentation; it is, after all, referred to repeatedly as the "catalyst project" for the proposed TIF. "The development is projected to generate approximately $58 million in added tax value to the district," reads the committee memo, which acknowledges that much of the district right now is filled with "functionally obsolete multi-family properties," "retail center[s] with an extremely low occupancy rate" and "abandoned and deteriorated commercial buildings." Timing's right, what with DART's Green Line Inwood Station scheduled for a December 2010 opening. Still, what's that sound over the horizon? Crunch, crunch, crunch. --Robert Wilonsky

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.