Lakewood Shopping Center Just Got a Sugar Daddy: Dallas Real Estate News

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Changes coming over at Lakewood Shopping Center than could positively impact local homeowners. Steve Brown is reporting that Lincoln Property Co. bought the central block of the Lakewood retail district at Abrams Road and Gaston Avenue,  60,000-square-feet that houses the Dixie House and the cozy Lakewood Ace Hardware.

This property has been owned for years by the Corrigan family, and was originally built in 1939.

Recently, restaurateur Matt’s Rancho Martinez announced it has lost its lease and will be moving to another nearby location in 2012. A Mi Cocina restaurant will take over the building that housed Rancho Martinez for 27 years.

Lincoln, one of the city’s oldest developers, built the Old Town shopping center on Greenville Avenue and is a partner to redevelop the Village on the Parkway retail center in Addison, aka Sakowitz Village — if that doesn’t show my age!. According to Brown’s report, Lincoln officials say they have no major fancy-pants plans in store for the shopping center, but with the strength of the Lakewood real estate market, a little spruce-up might be in store.