The Shops At Park Lane

At acquisition, The Shops at Park Lane was a newly constructed mixed-use project located in Dallas on the North Central Expressway, between Park Lane and Northpark Center Drive.

The property is located directly across from NorthPark Center, a 1.4 million square foot super-regional mall, and is one block from the Park Lane Station stop for the DART light-rail line. The property opened in March 2009 and featured more than 500,000 square feet of newly constructed retail anchored by Dallas’ flagship Whole Food and other key national brand tenants. During Northwood’s hold period, we repositioned the overall asset and completed additional development. The development included 122,000 square feet of office and 37,000 square feet of retail and restaurant space surrounding a new park which became the central gathering place for the overall project, as well as 246 multifamily units, called The Galleries at Park Lane.

Investment Period: April 2010 – June 2026