Uptown is one of the majority pedestrian-friendly areas in the city of Dallas. It is mainly “new urbanistic” in scope; Most of the facilities known as “Uptown institutions” are relatively new and were created during the new urban planning movement of the late 20th and early 21st centuries.
The region is one of the densest in Dallas and is home to a range of services including office buildings, residential towers, residence complexes, shopping malls, nightlife areas, and hotels. This mixed-use development practice leads to an urban lifestyle for its residents, as opposed to the isolated social structures of the suburban dormitories and office parks that make up most of Dallas And its suburbs.
Although the Dallas neighborhood known as Uptown has existed for about 130 years, the Public Improvement District (PID) that it operates is much newer. Founded in 1993, Uptown Dallas Inc. does everything from managing public safety to improving the area through public art, improving infrastructure, and even planting 30,000 flowers a year. Modernizations are the driving force behind the booming success of Uptown – did you know it has the highest rents and office occupancy rates in the city and is the best compared to other multi-family markets in the region?
When UDI turns 25, let’s take a look at the history of Uptown. It’s unbelievable development over the years. Where exactly is Uptown located? upscale borders and is north of downtown Dallas and is normally bordered by US75 to the east, one block north of Blackburn Street to the northeast, Katy Trail to the northwest, Bookhout Street to the west, and Lane 366 (Woodall Rodgers Freeway) in South.
The ’80s uptown promise wasn’t always the venue it is today. As recently as three decades ago, the area was in sharp decline. But savvy speculators saw the potential for new office developments in the 1980s and bought and cleared a lot of lands. Their hopes were dashed when the housing market collapsed in the mid-1980s, but the market weakness created favorable conditions for new housing to be built.
Columbus Realty’s belief (now Post Properties) took the chance to acquire nine properties with plans to build apartments and townhouses within foot distance of existing businesses on McKinney Avenue. In 1988, Columbus and others in the area formed an alliance with the City of Dallas to revitalize the area and created the State Thomas Tax Increment Financing (TIF) District, the first TIF in Dallas. With some of the area’s tax revenue being used to improve the district’s infrastructure, the water and sewer systems began to be rehabilitated, the utility lines were buried and the roads were re-paved.
Uptown Today the Uptown area has more than 200 restaurants, more than 160 stores, and a market value of $ 1.6 billion. More than 19,000 residents call the quarter their home. The combined property tax value is $ 5.5 billion. Of the nearly 592 acres that make up uptown, 58 of it is green. Uptown Dallas, Inc., making sure all of these streets are swept and the lamps lit, is committed to making sure the next 25 years are equally impressive.