A large portion of Henderson Avenue property has changed hands, leaving Dallasites to speculate as to what the future holds for the restaurant and nightlife destination. According to the Dallas Morning News, "CIM Group and Open Realty Advisors said Monday that they have purchased 28 buildings with 130,000 square feet of retail, restaurant and commercial space on both sides of Henderson", including some vacant lots. (This includes The Porch, The Dram, Hacienda, Tried and True, Capitol Pub, Fireside Pies, Barcadia, and Veritas.) The property was formerly owned by the Andres family, which also owns a sizable portion of Lower Greenville.
So what will this mean for Henderson Avenue? There are plenty of vacant buildings begging to be filled by new shops and restaurants, including storefronts at the 2323 strip vacated by Snack and Fish City Grill. And how about some new parking structures? Anyone who frequents Henderson nightlife is familiar with the traffic nightmares caused by valet backups. The new owners say that they "plan to continue to grow the mix of unique retail tenants", and the area certainly has the residential population to support it, with a recent building boom that's added several new apartment buildings in the last few years.
· Investors Buy Up Big Chunk of Henderson Avenue Retail District in East Dallas [Dallas Morning News]
· Henderson Avenue Properties Bought Up By Investors [Dallas Business Journal]
· More East Dallas coverage on Eater Dallas [-EDFW-]