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Dallas eyes new 50-mile trail loop to spur development
The Loop Dallas is adding 11 miles of connections to create a continuous 50-mile circuit, with $16 million approved in May for the project.
Dallas is moving beyond its Uptown trail corridor as The Loop Dallas plans to build out a connected walking and biking network across the city, aiming to replicate the real-estate pull seen along the Katy Trail and similar projects elsewhere.
The Katy Trail is a 3.5-mile path whose popularity has helped lift property values over the past 25 years, and The Loop project is intended to connect existing trails into a 50-mile continuous circuit by adding 11 miles of new paths. The planned network includes the Trinity Skyline Trail near the Margaret Hunt Hill Bridge.
Developers are already watching for opportunities tied to the buildout, including Trammell Crow, which is working on projects along the corridor. The nonprofit says Dallas approved $16 million in funding in May, and it has spent more than $86 million over recent years to support trail connections.
Industry executives cited in the piece expect demand for existing space and new development to expand beyond Uptown as more residents move near the interconnected loop. The article also points to the Atlanta Beltline, noting Class A office rents are 75.0% higher in areas near that trail than elsewhere in the metro.