New loan will finance next phase of Dallas’ RedBird redevelopment Steve Brown, The Dallas Morning News
Two local banks have teamed up to provide construction financing for the next phase of redevelopment of the former RedBird Mall property in Southwest Dallas.
Texas Security Bank and Texas Brand Bank are making $13.5 million in construction loans for the build-out of the central, office portion of the project at Interstate 20 and U.S. Highway 67.
The almost $200 million redevelopment of the former shopping mall site includes new retail and apartments, a hotel and office space. Texas Security Bank and Texas Brand Bank supplied the construction funding to create offices a combination of new construction and recycling existing space.
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