Park Cities Plaza wins a reprieve from SMU's redevelopment plans
07:45 AM CDT on Wednesday, June 30, 2010
By LORI STAHL / The Dallas Morning News
[email protected]SMU's plans for developing the eastern edge of campus appear to have spared a popular shopping strip on Mockingbird Lane – at least for another generation of latte-lovers.
In recent years, the university had mentioned the possibility of demolishing Park Cities Plaza, where a bookstore, restaurants, a pharmacy and other businesses continue to draw customers.
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But as university officials rolled out their plans in recent days, they made it clear that those plans have been scrapped, at least for the time being. Highland Park homeowners who live south of Mockingbird will be able to frequent Park Cities Plaza until the last tenant's lease expires. That could be as late as 2021.
"At one time SMU had considered tearing down part of the shopping center for new student housing. But as we progressed further into updating the university's master plan, we decided it was best to retain Park Cities Plaza for commercial uses and to place new student housing on the main campus behind the shopping center," said Patti LaSalle, associate vice president and executive director of public affairs.
"In the future, SMU could renovate or redevelop the site for commercial and non-commercial uses," she said. "That decision will be made as we approach 2020."
On Tuesday, corporate officials for CVS did not have comments.
"While we respectfully decline to disclose specifics regarding our lease agreements, we are happy to say we are in negotiations to extend our lease for our cafe on Mockingbird," said Amanda Breaux, marketing manager for La Madeleine's corporate office. "As the first La Madeleine to open its doors, our cafe on Mockingbird has great meaning to our associate family and our guests. We look forward to serving the Dallas community for years to come."
SMU will continue promoting its redevelopment plan this week, with a presentation at the Skillman-Southwestern branch of the Dallas public library system tonight.
The meeting, which is open to the public, is set for 6:30 p.m.
The area along SMU's eastern edge between SMU Boulevard and Mockingbird Lane has attracted intense interest as the university gets closer to redeveloping several tracts of land it owns.
With zoning finalized earlier this year for the George W. Bush Presidential Library, SMU's focus has turned to sites south of the library.
Speculation about the future of the retail strip was heightened by language in the contract SMU signed with the Bush Foundation in 2008, which calls for Park Cities Plaza "to be demolished as soon as reasonably practicable," taking into account lease expiration dates.