Dallas real-estate outlook: Local businesses struggle with investors

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Meet a Dallas business owner who fears her neighborhood is changing for the worse as big real-estate investors move in next door

For small businesses like Cocoandré Chocolatier, this could create a"It's been two years since the start of the pandemic, and we thought our business was finally getting to a better place," Pedraza said."But now there's another thing that's going to stop growth in the neighborhood and the local businesses that have been recovering.

Since the project kicked off, she said people have taken shelter in the soon-to-be-demolished homes on 8th Street. Pedraza said that last month a boarded-up apartment building behind her business caught fire. "Unfortunately, none of the residents that exist have been contacted by the new company that owns the properties, and it hasn't been communicated to us how they will work not to disrupt daily life," she said. Chad West, a Dallas councilman and mayor pro tem, said businesses and homeowners who are engaged in city meetings and planning are more likely to understand their rights and how to express concerns about aggressive developments.

"If neighbors who own their individual lots want to see their neighborhood stay single-family or want to add gentle density — which is like duplexes and granny flats — those are the kind of things you can put into planning documents for the future," West said.

 

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见一位达拉斯的企业主,他担心随着大型房地产投资者搬入隔壁,她的社区正在变得更糟

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