Shopping Center in Red Bird Gets Makeover

Steven Pickering
October 25, 2018 - 3:54 pm
Red Bird Shopping Center

Steven Pickering

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DALLAS (KRLD) - Big changes are on the way for the Square 67 shopping center in south Dallas. New owners are pouring millions of dollars into repairs and improvements, and they're getting some financial help from City Hall.

The shopping center on Red Bird Lane at Highway 67 was built in 1973. New owners Texas Capital Holdings say it's time for an upgrade to attract new tenants. They've already landed a fitness center and have pledged to spend more than $9 million on repairs and renovations. 

"The idea here is to create a shopping center, a destination for the residents of Oak Cliff that is on a scale that you find in a lot of northern suburbs or in the north part of Dallas," said Charles Lucenay with Texas Capital Holdings. 

The company applied for economic development funds from the City of Dallas. Voters approved $55.4 million for economic development projects in the city as part of a bond election in 2017.

Under a deal approved by the Dallas City Council, the shopping center's owners will receive $1.4 million to help cover their costs - provided they meet certain conditions. 

"This is a great day for Oak Cliff, a great day for southern Dallas," said Council Member Casey Thomas. "This is going to ignite a lot of other development there...right down the street from the development that we voted on a couple of months ago, the Red Bird re-development."

The current occupancy rate for the Square 67 shopping center is about 59%. The owners hope to increase that to 80% in the immediate future. Neighbors say having more businesses will be good for the area. 

"I have grown up there and I've seen the shopping center decline, said Sheree Thompson, "and the future changes will be very beneficial to our neighborhood."