Generation Housing Partners Acquires 6.5-Acre Development Site In Dallas From Templo De Alabanza

A 6.5-acre development site located at 4710 West Illinois Avenue in Dallas has been acquired by Generation Housing Partners from Templo De Alabanza. The transaction involves plans to develop HiLine Illinois, a mixed-income multifamily project consisting of 200 units at an estimated project cost of $70 million.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $70,000,000
• Address: 4710 West Illinois Avenue
• Market: Dallas
• Buyer: Generation Housing Partners
• Seller: Templo De Alabanza
• Brokers: Scott Smith & Corbin Tanenbaum - Weitzman

The project will provide affordable housing tailored for residents earning between 30% to 70% of the area median income, supported through bonds, grants, and tax credits in partnership with the city.