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Forest City JV to develop 40-acre Trinity River project in Dallas

Forest City Realty Trust Inc. and Trademark Property are planning to build a 40-acre mixed-use project on Riverfront Boulevard in Dallas, The Dallas Morning News reported.

Initial plans for the 10-year Trinity River park development comprise 400,000 square feet of shopping and restaurant space, in addition to 3.5 million to 4 million square feet of commercial and residential areas.

The developers plan to work with the Army Corps of Engineers and the city for private and public use of the river levee.

Forest City senior vice president Jim Truitt told city planners and designers that the company plans to provide housing as part of the project in return for public funding, the report noted.