City of Dallas Regional Center-Funded Projects Named Finalists in Dallas
Business Journal’s “Best Real Estate Deals”
Projects Recognized in Mixed Use, Most Creative Financing and Urban
DALLAS -- April 24, 2013
Three projects financed by the City of Dallas Regional Center (CDRC), a
public-private partnership between the City of Dallas and Civitas EB-5 Funds,
have been named finalists in the Dallas Business Journal’s Best Real Estate
Deals awards. The Forest City-Cityplace West Village project is a finalist in
the Mixed-Use category, NYLO South Side is a finalist in the Most Creative
Financing category, and the Alexan on the Hill is a finalist in the Urban
“Our practice is to invest in institutional-quality projects with top-tier
sponsors to bring new jobs and economic growth to Dallas,” said Daniel J.
Healy, CEO of Civitas Capital Group. “We are excited about these projects, and
we congratulate Forest City Enterprises, Matthews Southwest, and Trammel Crow
Residential on being named finalists.”
The Forest City-Cityplace West Village development began construction in 2013.
Located in the heart of Uptown, the twenty-story residential tower also
features a four-story wood framed building and will bring a new urban living
experience to Dallas, complete with retail and restaurants.
The NYLO South Side Hotel, which opened in September 2012, is a finalist in
the Most Creative Financing category. The CDRC made a $5.5 million preferred
equity investment to redevelop a historic building into the 76-room NYLO
Dallas South Side boutique hotel. The five-story hotel located in the growing
Cedars neighborhood of Dallas also includes a full-service restaurant, indoor
lounge and rooftop bar and pool.
The CDRC has made a sizable loan to finance construction of the Alexan on the
Hill, a finalist in the Urban Multifamily category. The eight-story, class-A
mixed-use property is slated to begin construction in May 2013. The facility
will feature 388 luxury apartments as well as restaurant space.
“Each of these projects is a great example of how the EB-5 program can drive
economic growth and create new jobs in Dallas,” continued Healy. “We look
forward to building on these successful investments in the future.”
About the City of Dallas Regional Center
The City of Dallas Regional Center is the official EB-5 regional center of the
City of Dallas. In a unique public-private partnership, the City collaborates
with Civitas Capital Group to provide the highest quality EB-5 investment
opportunities to investors around the world. The CDRC takes full advantage of
the City of Dallas’ pro-business culture, steady growth and job creation, all
of which have made the City and the surrounding region a magnet for corporate
headquarters, business expansion and foreign trade.
About Civitas Capital Group
For investors seeking a more progressive and objective evaluation of the
options available, Civitas Capital Group is an independent specialty asset
management and financial services firm with operating divisions focused on
Alternative Investments, EB-5 Funds and Wealth Management. Civitas evaluates
the truth that lies at the core of every investment. We dig deeper, using a
rigorous process to evaluate investment opportunities from every angle. For
more information, visit civitascapital.com.
Photos/Multimedia Gallery Available:
for City of Dallas Regional Center
Rick Black, 469-893-2647
Ashley Walton, 469-893-2641
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