$500 MILLION RESIDENTIAL, RETAIL, SPORTS AND ENTERTAINMENT

$500 MILLION RESIDENTIAL, RETAIL, SPORTS AND ENTERTAINMENT
COMPLEX ANNOUNCED NEAR THE CONVENTION CENTER HOTEL
A sixty-acre, $500 million entertainment, sports, retail, and residential complex featuring a 10,000-seat privately financed professional baseball stadium, a water park hotel, and 2,500 luxury apartments located over a high-energy entertainment and restaurant venue stretching along a meandering river walk, will be developed on the original John Neely Bryan tract, 1,200 feet south of the Dallas Convention Center, it was announced today.

Bounded by the original Trinity River, the homestead of Dallas’ founder is the property most important to downtown development located outside the Trinity River levees. The old Trinity courses on three sides of the property and will provide Dallas’ first San Antonio-style river walk in the vicinity of downtown.

The old river will connect downtown and the convention center hotel district with the ballpark, water park hotel, and mixed-used residential complex by water taxi. Downtown’s skyline will fill the sky above the outfield fence of a state-of-the-art baseball stadium hosting Dallas’ first independent professional baseball team. The stadium will provide a centerpiece for retail and entertainment development and its concourse, meeting space, and restaurants will function as an additional entertainment and meeting option for convention center activities.

The development is a collaboration between Dallas’ Seib Family Limited Partnership, which acquired 318 Cadiz, LP, owner of the tract, on April 3, 2009, and certain equity partnerships. The stadium project will be developed in partnership with Reunion Sports Group, LLC, also of Dallas, which acquired six professional baseball teams and the United League on April 7, 2009. ....