Downtown Dallas + Cedars
The area is undergoing a transition as dozens of residential conversions and new high rise condos bring more permanent residents to the downtown area. (See: North Central Texas Council of Governments (NCTCOG). As of, 2017 there were approximately an estimated 10,766 people. Its redeveloped Main Street has recently become more of a place for Dallasites to play after several restaurants, Hotels, and residential towers opened their doors along the strip. Downtown's growth can partially be attributed to Dallas Area Rapid Transit's (DART) three (soon to be 4) Light rail lines and the one commuter line that run through Downtown and an aggressive stance taken by the city to drive development at all costs. The city has invested $160 million of public funds in downtown Dallas for residential development that attracted $650 million of private investment.
Two of the first new-construction office building projects downtown in over 20 years broke ground in 2005—One Arts Plaza, a 24 story mixed use office, retail, residential development in the Arts District which is the new home of 7-Eleven's World Headquarters; and the vibrant 17 story Hunt Consolidated office building, with its spectacular state-of-the-art LED exterior lighting, which is the national headquarters for and fully occupied by Hunt Oil. Additionally, the $200 million 42-story Museum Tower residential skyscraper in the Downtown Dallas Arts District was completed in 2013.
Importantly, The Trinity River Corridor is poised to undergo a significant transformation (the Trinity River Project) into a giant urban park. The park is expected to include an equestrian center, lakes, trails and three bridges designed by Santiago Calatrava. Funding over the years, however, has been a constant problem. Though serious work on the project now appears eminent, with the first two bridges having received significant private backing.
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