Wildcat Management is presenting 1823 Cadiz Street, a fully entitled 0.67-acre development site in the Dallas Central Business District, as a strategic 1031 exchange opportunity for investors seeking to defer capital gains while acquiring an income producing property with long term development upside.
-- Wildcat Management is highlighting 1823 Cadiz Street as a strategic 1031 exchange opportunity in downtown Dallas, giving investors a path to defer capital gains taxes while acquiring a fully entitled development site that already generates income as a revenue producing surface parking lot.
The 0.67-acre property at 1823 Cadiz Street sits in the Farmers Market District of the Dallas Central Business District and currently operates as a 68 space surface parking lot, providing immediate income while investors evaluate longer term development plans.
Site attributes include:
- PD 357 zoning with no height restrictions
- 20 to 1 floor area ratio
- Minimal parking requirements for new development
- Newpark TIF District incentives
- Federal Opportunity Zone designation
- Revenue generating surface parking lot with 68 spaces
“1823 Cadiz presents a unique opportunity for a 1031 exchange because it combines current income with long term upside,” said Tanya Ragan, President of Wildcat Management. “Investors get a strategic way to defer capital gains while positioning themselves in one of the most significant remaining development sites in downtown Dallas.”
Wildcat Management engaged Merriman Anderson Architects to study three development programs for the site, all permitted by right under current zoning:
- Residential: approximately 250 multifamily units with ground floor retail
- Hospitality: a 200 key hotel with roughly 10,000 square feet of retail
- Combined residential and hospitality program
The site sits six blocks from the $3.7 billion Dallas Convention Center redevelopment and is positioned between the Farmers Market District, City Hall, and the Newpark District. Dallas Fort Worth continues to add more than 700 new residents per day and drew nearly 49 million visitors last year, with Y'all Street and Wall Street firms continuing to expand their presence in the region.
“Opportunities of this scale in Dallas' urban core have become exceptionally rare,” Ragan said. “For investors working against a 1031 exchange timeline, a site that already produces income while offering this level of development flexibility is difficult to find anywhere in the market.”
About Tanya Ragan
Tanya Ragan is Founder and President of Wildcat Management, a Dallas based real estate investment and development firm focused on urban redevelopment, historic preservation, and mixed-use development across North Texas. She is a four-time GlobeSt. Women of Influence honoree, a 2024 REDnews Texas Commercial Real Estate Icon, and co-author of Blaze Your Own Trail.
About the company: Wildcat Management is a Dallas based real estate investment and development firm specializing in urban redevelopment, mixed use projects, and historic preservation. The firm's work includes the restoration of the Purse Building, the relocation and preservation of the historic Liberty State Bank Building, and long-term investment in the future of downtown Dallas.
Contact Info:
Name: Danielle Garrick
Email: Send Email
Organization: Wildcat Management
Address: 1801 N Lamar St #201, Dallas, TX 75202
Phone: (214) 758-0348
Website: https://www.pursebuildingdallas.com/
Release ID: 89197838
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