Acadia Realty Trust and Ignite-Rebees to Transform Henderson Avenue Site Through Creative 161,000-Square-Foot Mixed Use Development

DALLAS – (October 14, 2024) — On October 14, New York-based Acadia Realty Trust and Dallas-based development firm Ignite-Rebees will break ground on a 161,000-square-foot, creative mixed-use development that will occupy a site on Henderson Avenue that has been vacant for decades. Spanning the quarter-mile stretch of Henderson Avenue between Glencoe St. and McMillan Ave., the development will transform the eastern end of Henderson Avenue into a walkable destination featuring cutting-edge retail brands, top-tier chef-driven restaurants, and an innovative office project. The project is expected to be completed by fall of 2026.

Designed by Dallas-based architecture firm GFF, the Henderson development will comprise 10 architecturally distinct buildings lined with richly landscaped walkways that are pocketed with multiple public spaces. The project will also include 500 subgrade parking spaces. The new development will encompass 12,000 square feet of restaurant space, 75,000 square feet of retail space, and 74,000 square feet of office space.  Additionally, nearly a quarter mile of Henderson Avenue will be beautified with new street paving, decorative crosswalks, enriched landscaping, and buried utility lines.

Acadia Realty Trust and Ignite-Rebees also own and operate 120,000 square feet of existing retail and restaurant space along Henderson Ave. Retail leasing for the new development will be performed by Open Realty, a Newmark Company (“Open Realty”).

“The new development will bring an exciting, aspirational vision that will elevate the street to the next level of urban-cultural significance,” said Ken Bernstein, CEO of Acadia Realty Trust. “Henderson Ave. is the connective tissue between the Park Cities and burgeoning East Dallas, and it’s ready to become one of the great retail streets in Texas.”

“When the project is complete, Henderson Ave. will transform into one of the most appealing stretches of walkable retail in Dallas and feature dozens of the most exciting contemporary retail brands in North America, many of which will be new to Dallas,” said Mark Masinter, managing partner and co-founder of Ignite-Rebees and Open Realty.  “I’ve had the privilege of working on some of the best retail properties in North America and can honestly say that Henderson Ave. is destined to stand shoulder to shoulder with any of them. Dallas is an extraordinary retail city that deserves an extraordinary retail street.”   

“This project will spark a renaissance of Henderson Avenue. In addition to becoming a mecca for cutting-edge retail, Henderson Ave. will soon feature an array of stellar new restaurants within the development and up and down the street that will make it one of the most exciting and interesting food and beverage destinations in Dallas,” said Tristan Simon, managing partner and co-founder of Ignite-Rebees.

The development’s office space, branded Henderson East, will feature impeccable contemporary interiors, an array of customized meeting spaces, numerous appealing outdoor terraces, and several luxurious lounges. 

Additionally, Henderson East will be the first office project in North Texas to be fully “hotelized,” giving tenants immediate access to top-quality, on-premise food and beverage and a professionally-trained hospitality staff servicing all areas of the project. The interiors of Henderson East were designed by Connecticut-based SETSTUDIO. Office leasing will be managed by Newmark.

“At a time when companies are struggling to entice their workforces back to traditional office environments, fresh solutions are needed to make going into the office more desirable than staying home,” said Masinter. “Henderson East expresses our vision of the most successful office concept for the future.”“Our goal for Henderson East is to curate a community of special firms that desire to office in a remarkable environment with amenities befitting a private social club or high-end hotel,” said Simon. “There will be nothing else like it.”