For those anticipating the urban revitalization of downtown Tyler, the wait may be over.
A new development, West Oak Townhomes, is proposed on a 1.409-acre tract of the former King Chevrolet in downtown Tyler. The property at the southwest corner of West Erwin Street and South Bonner Avenue is intended to be the site of 18 new townhomes priced at $275,000 and up.
“We’re excited to work with the city on revitalizing the area — specifically in the opportunity-zone space here in the downtown area. We see the 18 townhomes as the first spark of the revitalization,” a TD Land Management spokesman said. “So, we’re willing to work with the city on the rapid expansion that they’ve been wanting for the last couple years.”
TD Land Management emphasizes that the economic benefit of the land development will primarily stay local.
“We’re working with local architects and builders here in the area, making sure that Tyler keeps that benefit here. This is the first spark to about 6 acres of redevelopment here; our goal is to have the focus on downtown and revitalize that through the renovations that we’re doing.”
TD Land Management currently has this 1.409-acre property along with an adjacent 4.631 acres under contract from the city of Tyler for a larger-scale development project that is planned to be completed over the next few years.
The West Oak development will consist of three-story, zero-lot-line townhomes with an integrated dog park, the developer’s spokesman said.
“Our goal is to revitalize what’s called West Park, allowing us to have walkable streets. We’re working with some of the energy companies in the area to brighten up the downtown with new LED lights so that everybody feels safe.”
The 18 townhomes will be a gated community built with smart technology, he said.
“We’re looking into the value of having solar panels as well to allow for a green build. All of them will have top-story balconies with a wet bar up there so you can grill out and entertain with your friends,” according to the TD Land Management spokesman.
“It’ll be three bedrooms, three baths, 1,800 square feet and up. The townhomes will start at $275,000, and if you want to put an elevator in them, we can do that as well.”
The townhomes are currently being marketed for sale by Dillon Cook and Ranny Randolph of Range Realty Advisors. Mallory Mazarakes of Movement Mortgage has also been retained by the developer to manage the mortgage opportunities for prospective homebuyers.
“We really want to see the Tyler area expand and grow — especially downtown improvements, with different projects going on,” Mazarakes said. “When we hear of a housing project, of course we’re going to jump on it and see if we can get people the best financing terms, given that these are going to be beautiful townhomes.”
The developer expects to break ground on the 18 townhomes in March and believes this initial phase should be completed within 12-18 months. Those interested in prequalification and mortgaging the townhomes can contact Range Realty at 214-416-8222.