Seeing opportunity, Greenway purchased and immediately renovated an office and retail project situated on a four-acre city block in Uptown, one of the most desirable areas of Dallas. The timing and quality of the improvements generated an attractive mix of new upscale restaurants, retailers, art galleries and office tenants.
This revitalization effort resulted in bringing the previously depressed lease rates and occupancy up to market level and 100 percent occupancy. The project is generating over 20 percent annual return to the original investors.
The value created to the investors is over six times the original equity based on today’s values. In addition to being a secure long-term investment, this initiative contributed to the revitalization of the Dallas inner city--an effort that benefits the community as a whole.