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Wednesday, October 30, 2019

Where's Frank Scurlock's proposal?

Not a lot of imagination in these bids on developing the new Disney By Convention Center Wonderland. Here they are.
The Domain Companies, run by Matthew Schwartz and Chris Papamichael, gained a local reputation for projects that include the South Market District, a $500 million development along Loyola Avenue that includes properties like The Standard, which has apartments, restaurants and other street-level retail.

River Park Neighborhood Investors is led by Lou Lauricella, a local developer known for projects that include the Elmwood Center, the Astor Crowne Plaza Hotel and the Palace Theaters.

Atomic Entertainment is helmed by Adam Rosenfelt, a movie producer ("Mr. Brooks," "The Barber") turned developer, whose projects have included the $100 million mixed-use revitalization of the Pullman Yards in Atlanta.

Provident Realty Advisors is led by Dallas-based Leon Backes, whose projects include the Preston Hollow Village, a huge, two-phase mixed-use project in North Dallas.

The Woodward/Carpenter consortium is working on the $350 million redevelopment of the former World Trade Center building on Canal Street into a Four Seasons Hotel.
These are respondents to an RFQ so we don't have any detailed bids yet (at least nothing public.) But I think it's safe to say each of these groups would build something that looks a lot like South Market does right now. About the best thing we can say about that is BOORRing! The worst we can say is here comes another round of publicly subsidized luxury apartments and retail in a city with worsening inequality and an affordable housing shortage.

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