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Council committee approves chain‑of‑title ordinances for Franklin Yards North and South to enable planned $20M investment
Summary
Two ordinances (95 and 96‑2025) clearing title for the Franklin Yards North and South projects passed committee; the Dallas (Dhalla) Group plans a roughly $20 million investment to convert vacant mansion/convent and adjacent lots into 67 residential units and small commercial space, per city presentation.
The committee approved two companion ordinances authorizing the mayor and commissioner to acquire and reconvey properties at 3210 Franklin Boulevard and 3105 Franklin Boulevard to establish chain of title in advance of tax increment financing (TIF) legislation for the Franklin Yards North and South project.
Director McNair presented the chain‑of‑title measures and introduced representatives from the Dhalla Group (TDG Franklin North LLC and TDG Franklin Realty LLC). The city described the plan as a near‑term private investment of about $20 million to renovate an existing mansion and convent into approximately 38 residential apartments and to develop 29 market‑rate apartments on a formerly vacant parking lot, for a total of about 67 units. City staff said the project includes a small commercial component and will generate new income and property tax revenue, and that the developer signed a community benefits agreement vetted by the Office of Equal Opportunity.
City staff projected tax‑increment and school‑district revenue increases over the life of the TIF and emphasized the developer’s commitments to minority business enterprise participation and mentoring/mentee programs through the community benefits agreement.
The committee chair and DPS chair said DPS had recommended approval after reviewing photos of vacant and blighted conditions on the sites. The ordinances, numbered 95‑2025 and 96‑2025, were approved by the committee and the city asked councilmembers to sign on for final action.
Why it matters: Approving chain‑of‑title legislation is a procedural step needed before adopting TIF legislation; the planned investment converts long‑vacant properties into housing and small commercial space and includes a community benefits agreement addressing inclusion goals.
