Ground is expected to break for the Bishop Arts Village project this month. The developer, Michael Nazerian is planning more than 400 apartments, 95,000 square feet of retail space, public space, a two-story underground public parking garage just south of Bishop Arts, in an area bounded by Madison, Melba, Bishop and Ninth.
The $42-million overall project will come in different phases over the next few years. The project’s first two buildings, on the south corners of Bishop and Melba, provide will house retail on the ground floor and office space above. Restaurant and retail buildings will be small so that start-ups can afford spaces. The buildings on Bishop and Melba will be two stories, and increase to three to five stories toward Madison and Ninth.
The start of construction could start up by the end of the year and could be open as soon as a year from now. The first apartment building is set to begin construction early 2016. The project’s first phase should be completed in 2017, the larger second phase will begin after that.
The Nazerian family spent about seven years buying properties, and received $2 million in economic development funds from the City of Dallas. Demolition began earlier this summer. Michael Nazerian says the family wants this to be a “generational” project with no intention of building it to flip.
The project has already hired Oak Cliff-based metal artist Manuel Sarmiento to create details such as trash cans, signage, and benches. The Nazerians are collaborating with local public artists to fill out the project with art. “We want this to feel like it’s always been here,” Nazerian says. With the Oak Cliff streetcar line scheduled to Bishop Arts by next summer, it will be a great experience for everybody to enjoy.
What makes Bishop Arts so unique is its architecture, businesses, pedestrian traffic, and human interaction, and the project is being planned with sensitivity and respect to its current culture. “This project builds on the momentum Bishop Arts has already created. We want something there for people to enjoy, not for us to make the most money.” He said.