Old Dallas industrial campus set for urban business redo

A Fort Price developer is repurposing an growing older industrial complicated northwest of downtown Dallas.

In April, M2G Ventures bought the six-building Commonwealth Enterprise Park on Irving Boulevard between the Dallas Design District and the medical district.

The just about 113,000-square-foot industrial campus close to Stemmons Freeway was inbuilt 1980 and homes a wide range of enterprise tenants.

M2G Ventures plans to revamp the buildings, which it has rebranded The Archetype. The brand new proprietor’s upgrades will embrace main capital enhancements comparable to storefront upgrades, graphics, landscaping, lighting and public artwork installations.

The properties shall be marketed as city industrial house for logistics makes use of, showrooms, medical and e-commerce tenants.

“There’s immense alternative for this challenge, so we wished the challenge identification and title to seize our modern redevelopment method,” Jessica Essl Miller, co-founder of M2G Ventures, mentioned in a press release. “The Archetype’s rebranding displays its distinctive character and instills a way of connection between tenants whereas creating differentiation out there.”

The biggest emptiness within the complicated is a 25,000-square-foot house that M2G Ventures is pitching to potential brewery, distillery, espresso roastery and showroom tenants.

“We need to create the best house for thriving tenants,” M2G Ventures’ Amy Castellanos mentioned in a press release. “We really feel we’re doing that with the artwork infusions, new landscaping, added wayfinding and signage, together with the improved storefront and exterior lighting upgrades.

“Add in its supreme location and easy accessibility to DFW’s most prosperous and densely populated areas, and we imagine we’re really creating a spot customers need to be.”

The challenge is M2G Ventures’ second redevelopment within the space. Final 12 months, the corporate purchased a 250,000-square-foot workplace and industrial property at 3200 Irving Blvd. The redevelopment of that Sixties industrial complicated was accomplished in partnership with Austin-based Pennybacker Capital.

M2G Ventures additionally owns two extra workplace and warehouse buildings throughout the road from The Archetype challenge.

The properties M2G has bought are in the identical space of Dallas as the brand new $350 million Pegasus Park medical and life science campus on Stemmons Freeway.

Within the final two years, the property agency acquired and redeveloped greater than 2.6 million sq. ft of actual property valued at over $230 million.