District 2 Councilman Jalen McKee-Rodriguez is opposing an up-to-$7 million incentive package for a development east of the Pearl by Encore Multifamily of Dallas because it’s composed of all market-rate apartments.
Midtown Tax Increment Reinvestment Zone
The 386-unit, market-rate apartments by Dallas developer Encore Multifamily is the first phase of the Broadway East master-planning community across from the Pearl.
The Midtown TIRZ board tabled $4.8 million in incentives for Broadway’s next apartment building because it needed more details on an even larger project it’s being asked to help fund: the burying of overhead power lines on Broadway from Interstate 35 to East Mulberry Avenue.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.