Real Estate Council Welcomes McCormack Baron Salazar
On Thursday, February 26th, The Real Estate Council (TREC) Foundation hosted a kick-off reception to celebrate Bank of America and TREC Foundation's partnership with the City of Dallas Economic Development Department to bring strategic development plans to four Dallas neighborhoods—Lancaster Corridor, Five Points, Fair Park Transportation Oriented Development and Frazier Park.
For each of the four target areas, McCormack Baron Salazar will prepare a development plan that focuses on a realistic strategy to design, finance, build and operate a project of critical size and scale that will help transform the surrounding community. MBS is a national real estate development and property management company specializing in rebuilding difficult to develop urban communities.
Tony Salazar, president of McCormack Baron Salazar, West Coast Division, said, “We appreciate the efforts of the City of Dallas and TREC—which is an amazing and dynamic group—for making it possible for us to have a presence in Dallas. We’ve wanted to be here for a long time, and we’re excited about getting to work.”
Karl Zavitkovsky, City of Dallas Office of Economic Development Director said, “MBS has a track record for rebuilding both physical and human infrastructure in urban communities. TREC Foundation and MBS will help us develop this action plan for economic development in these City Council-designated priority areas.”
Michelle Corson, president of TREC, added, “We thank Bank of America for their tremendous support of this project because it will allow Dallas to build strong, healthy and vibrant neighborhoods.”
Special thanks to Bank of America for supporting this project through the Community Partners Program. Bank of America was a founding partner in the Community Partners Program in 2000 and has continuously supported initiatives of The Real Estate Council Foundation. The CPP is a vehicle in which businesses, foundations and financial institutions can donate funds that are coupled with TREC’s members’ expertise for specific grant recipients. For more information on the CPP, call 214.692.3600.