Publicly listed Brixmor Property Group is a real estate investment trust and a leading operator and owner of choice open-air shopping centers. The company’s portfolio includes over 500 retail destinations, primarily located in the top 50 metropolitan areas throughout 38 states. The company recently announced its plans to upgrade the expansive 65-acre Wynnewood Village Shopping Center that caters to a large portion of Oak Cliff and southern Dallas. It is located west of Interstate 35.
The upgrade is expected to cost $30 million and includes the demolition of an old 24,254-square-foot medical building that Brixmor acquired for $1.6 million in early 2017. A new principal area will be a section close to an existing roundabout, and the renovations will include new facade, parking areas, and landscaping. Anchored by Kroger, the shopping center has a secondary anchor in El Rancho supermarket and hosts a variety of local and national tenants.
