GALLERY
HIGHLIGHTS
THE OFFERING
DOCUMENT CENTER
CONTACT US
PRIVACY
TERMS OF USE
with Entitlements & Plans for 194 Units Plus Option to Purchase Adjacent 0.861 Acre Site in Transit-Oriented Location
3.8 ACRES OF LAND
SIGNIFICANT ECONOMIC DEVELOPMENT AROUND
HERITAGE SQUARE
Investment Highlights
The Opportunity
[CEROS OBJECT]
The Offering
Opportunity to Purchase Land, Entitlements and Plans for:
HERITAGE SQUARE LAND
NWC Irving Blvd & Britain Rd, Irving, TX 75060
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
5960 Berkshire Lane, Suite 1000
Dallas, TX 75225
214.346.0200
Address
Tom Burns
Managing Director
214.563.6610
tom.burns@berkadia.com
Jay Gunn
Managing Director
214.679
jay.gunn@berkadia.com
Greg Smith
Senior Managing Director
817.313.7082
greg.smith@berkadia.com
investment sales advisors
CONTACT Info
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Photo Gallery
LOCATION
More than $109 million in public and private money has been invested in the Irving Heritage District since 2015 including expanded parks, a renovated recreation center, housing, and commercial development.
Irving has approved a $25.6 million project that will add 37 parallel parking spots, including four handicap locations between Britain and O’Connor Roads. Other upgrades to transit in the area include four new DART bus stops, bicycle lanes and sidewalk expansion.
ADJACENT TO HERITAGE CROSSING TRE STATION
TRE offers premier commuter rail service between Fort Worth and Dallas.
The TRE stations can conveniently provide transportation to destinations all around DFW such as DFW airport and even American Airlines center.
The Heritage Crossing station is walking distance from the site.
IMMEDIATE NEIGHBORHOOD PROVIDES EXCELLENT LIFESTYLE & ENTERTAINMENT OPTIONS
Nearby Heritage Park puts Irving’s history on display. Home to Irving’s first water tower, windmill, and library.
Head to Centennial Park where you can admire a space dedicated to Irving’s first
100 years of existence.
Heritage Park hosts the Irving Main Street Event, an annual street festival that takes place in September and features food vendors, crafts, art galleries, live music, and so much more.
NEW LEGISLATIONS IN PLACE WILL PROVIDE
HEADROOM FOR ECONOMIC GROWTH
New policies allow businesses in the Heritage Crossing District to have a higher percentage of alcohol sales than restaurants in the rest of the city.
This 30/70 policy will create a Pro-Business environment that supports existing restaurants and encourages them to stay in Irving.
Opportunity to attract new premium-brand restaurants to Irving. Tourism is a $1.24 billion business in Irving, with $309 million in revenue coming from our Irving restaurants. With the opening of the new Convention Center and the DART Orange Line, Irving is “open for business” and more accessible than ever before to the whole region.
ABUNDANCE OF RETAIL NEARBY
Direct access to an array of retail shops including Starbucks, McDonald’s, Burger King, Kroger, and Chase Bank all within a short drive.
Irving mall is within a 10-minute drive from this site. Home to over 120 retailers, including stores like Macy’s, Burlington Coat Factory, American Eagle Outfitters, and Victoria’s Secret. Plan to spend a day filled with shopping, enjoying delicious meals at one of our dining options and watching a must-see new release at AMC Irving.
Location
tHE OFFERING
Highlights
LOCATION
PHOTO GALLERY
DOC CENTER
Contact Us
Privacy
Terms of Use
property A:
property B:
3.83 Acres +/- (166,949 SF +/-)
194 Unit Luxury Apartment Development Including: Pool, Clubhouse, Leasing Office, Fitness room, Pickleball Courts, Amphitheatre, Entertainment Area
Storm Water, Water services, Data Services & Electrical
Services On-Site
Purchase Price Includes: Total Architectural & Engineering,
City Permits & Miscellaneous Development Fees
Hard Rail Access Adjacent To Property for the TRE
Commuter Rail
Extensive City of Irving Economic Development Efforts
Surrounding the Property Exceeding $100 Million
Tax Rebates Included in the Economic Agreement with
City of Irving
Performance Bond with City of Irving to be Replaced
by Buyer
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Opportunity to Purchase Land Via Option With City of Irving
861 Acre +/- (37,489 SF +/-)
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Purchase option included in the Development Agreement (DA)
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Storm Water, Water services, Data Services & Electrical
Services On-Site
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Proposed 3-Story Development of 42,000 SF:
1st floor – 14,000 SF of Retail
2nd floor – 9 Work / Live Studio Loft Apartments
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Tax Rebates Included in the Economic Agreement with
City of Irving
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Purchase Price to be Paid to City = $300,000
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