On December 11, the Dallas City Council unanimously approved a $49 million incentive package to support the development of the West End Lofts Project, a proposed mixed-use, mixed-income, and transit-oriented development project.
The project will be developed on three existing parcels within the historic West End addressed as 805 Elm Street, 711 Elm Street, and 211 N. Austin Street within and adjacent to the City Center tax increment financing (TIF) district. The proposed project, led by Sycamore Strategies, LLC, is directly south of the West End DART light rail station and directly north of El Centro (Dallas College).
West End Lofts will include 154 new apartments, 63 (41%) of which will be income-restricted and leased solely to households earning at or below 30%, 60%, 70%, and 80% area family median income. There will also be new commercial and public space.
On December 11, the Dallas City Council unanimously approved a maximum $500,000 economic development incentive for HAECO Global Engine Support, LLC (HAECO Global) to establish a new aviation engine repair facility at 11124 Goodnight Lane. The project, with an estimated cost of $17.5 million, is expected to create or retain 170 jobs in Dallas.
HAECO Global will be leasing and occupying a 290,000 square foot newly built facility for the new engine support unit, which will be the primary location in North America for what is known as “engine hospital” repair work. HAECO Global will relocate 76 existing full-time jobs to the new Dallas facility from Carrollton and create an additional 94 jobs in Dallas.
