Nebraska-based investor Goldenrod Cos. has purchased dozens properties in West Dallas from the developers of the popular Trinity Groves complex.
The sale is one of the largest such property transactions in years located so close to downtown and signals future development.
The Margaret Hunt Hill Bridge rises above the Dallas skyline and Trinity Groves restaurant and entertainment district. A Nebraska-based investor has just become one of the largest property owners in a redeveloping area of West Dallas.Trinity Groves complex. Most of the nearly 90 properties in the deal are near Singleton Boulevard and include both buildings and vacant sites, county deed records show. More than 35 acres of real estate was included in the sale.
The land was part of an almost 60-acre property that was assembled starting in about 2005 by investors Stuart Fitts, Phil Romano and Larry “Butch” McGregor. Their West Dallas Investments built the popular Trinity Groves restaurant hub at the time theSince then, West Dallas Investments has partnered in the development of hundreds of apartments in the neighborhood and has renovated existing buildings for new uses.
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