Bishop Arts District: Real Estate Report
Know how recent developments have influenced the real estate market in the Bishop Arts District. Learn if the community and vibe of the area is right for you. Find out how the district is changing and growing.
In previous years, it wouldn’t have been uncommon for visitors and residents of Dallas to have overlooked a little gem of a district located in the Oak Cliff region of the sprawling city. Recent interest from developers, however, has put Bishop Arts District on the map for both tourists and city-dwellers looking for new homes.
Breathing New Life Into the District
The Bishop Arts District’s current revitalization could be owed to the artists that devotedly inhabit the area and who have made it their creative sanctuary. Developers have hedged their bets and invested in the district after recognizing the area’s potential and the need for these creative types to congregate and live in spaces conducive to their livelihoods. As part of their plans, some developers intend to devote space showcasing the work of local artists in an effort to attract more visitors and residents alike. Arrangements like these could eventually lead to a renaissance in terms of real estate and artistic works located within the district.
Though once a slice of heaven for developers and individuals with discretionary money to purchase cheap land, the district’s rising popularity has led to a recent boon that has resulted in soaring home values. Since some projects can be categorized as mixed-use, the new Bishop Arts District will welcome both residential buildings and commercial establishments to populate the landscape. Rates for upcoming apartments are also likely to rise in tandem with excitement and subsequent investment.
As a result of the renewed interest in the area, Dallas Area Rapid Transit (DART) has rushed to complete a streetcar line that extends to the neighborhood. The streetcar will invariably make public transportation to and from the district more accessible, allowing new visitors and residents freedom of mobility. Its connections to downtown Dallas may make the district more attractive to individuals who have to work or want to play in that area.
It’s fair to say that residents and native businesses of the district share a symbiotic relationship. The community both attracts and influences businesses within the neighborhood. Unique shops, niche restaurants, and other attractions with personality reap a steady stream of appreciation from district dwellers and Dallas urbanites who like to punctuate their days with a shot of offbeat culture.
The Perfect Bishop Arts District Resident
Individuals who love the creative haven of Austin may enjoy setting down roots in the Bishop Arts District. If you consider yourself an artist, patron, bohemian, or someone with a live-and-let-live philosophy, you may fit right into this neighborhood. Recent redevelopment projects have placed a special emphasis on community bonds and pedestrian traffic. Expect to see the next phase of the Bishop Arts District encourage neighborly relationships and much face-to-face interaction.