Stratford Land, a Dallas-based land investment manager, is breaking ground this week on a 211-acre mixed-used development five miles west of downtown Dallas. Plans for The Canyon in Oak Cliff, a 211-acre project, include up to 7,500 residential units, 1,000 hotel rooms, 1.2 million square feet of office space and 800,000 square feet of retail space, according to a Dallas Business Journal article. Frank Mihalopoulos, who is handling retail development for Stratford, announced agreements to build a Marriott hotel and a Denny's restaurant. He said inquiries from retailers have been brisk and efforts to land a grocery store continue.
"You see a piece of land and you know what it ought to be," said Steve Sanders, a senior investment manager for Stratford Land, owner of the property. "This is something that could be pretty spectacular." Stratford bought the Canyon site from 25 owners during the past five years. The property was part of the 19th-century La Reunion colony, City Council member Scott Griggs said. In later years, portions of it included a rock quarry and dairy.
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