David Davidson Jr. and Jake Milner of Davidson Bogel Real Estate brokered the transaction. Terms of the deal were not disclosed.<\/p>\n
Plans for the property have not yet been determined, though Matthews indicated the site will have multiple uses. The group wants to hear from the community, investors, tenants and other key players before making a decision.<\/p>\n
D-FW Real Estate News<\/p>\n
By signing up, you agree to our\u00a0Terms of Service<\/a>\u00a0and\u00a0Privacy Policy.<\/a><\/p>\n The property was once a hub for Sears\u2019 national retail operations. It later became the Cedars Commerce Center, and the the property was most recently occupied by LBA Logistics.<\/p>\n The project is Matthews\u2019 latest in three-decades worth of investments in the Cedars<\/a> neighborhood. <\/p>\n \u201cWe\u2019ve created a destination that draws nearly 1.8 million visitors annually to the Cedars,\u201d Matthews said in a statement.<\/p>\n We believe that with the right plan, this can be a flagship property that will more than double commercial activity in the area \u2014 a fully mixed-use property that all of Dallas can enjoy,\u201d he added.<\/p>\n Other projects in the neighborhood feature the Southside development that includes the preservation of the landmark Sears Roebuck buildings, construction of residential units, and development of the Canvas South Side hotel.<\/p>\n He also donated land in the area to the city for a new police headquarters.<\/p>\n Beyond the Cedars, Matthews\u2019 Inspire Dallas was hired to oversee the $3.7 billion convention center redevelopment<\/a>. The city approved a six-year, $65 million deal with his company back in 2023.<\/p>\n In 2011, his Matthews Southwest developed the $500 million, more than 1,000 room Omni Hotel adjacent to the convention center.<\/p>\n One of his company\u2019s key restoration projects involved the conversion of the more than century-old Dallas High School on Bryan Street into office space.<\/p>\n Matthews\u2019 development company operate in North America, Europe and the Middle East and includes five divisions \u2014 Matthews Hospitality, Matthews West, Matthews Energy Matthews Switzerland, and Inspire Dallas.<\/p>\n Here are the latest sales, leases and deals in North Texas.<\/p>\n City officials and real estate experts say they would like to see the arena downtown. It remains to be seen whether a refurbished Kay Bailey Hutchison Convention Center would be the best fit. <\/p>\n","protected":false},"excerpt":{"rendered":"The driving force behind some of the city\u2019s most successful development projects now owns a nearly 2 million…\n","protected":false},"author":3,"featured_media":310618,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,80428,12611,1596,4329,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-310617","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-cedars","10":"tag-commercial-real-estate","11":"tag-dallas","12":"tag-real-estate","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115389326675225408","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/310617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=310617"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/310617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/310618"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=310617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=310617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=310617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/Z3UOBVDCJREYNBLFQ7DA4KK6PA.jpg\")
<\/a>$117M Japanese hotel groundbreaking, huge D-FW office lease and more real estate news<\/a><\/p>\n![\"Aerial](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/OWEKMQJGKZFY5J4PST4QQSGTSE.jpg\")
<\/a>Could $3.7B convention center redevelopment clear site for new Mavs arena? <\/a><\/p>\n