A lot has been written about Acadia’s ambitious project: buying up as many as a dozen Henderson Avenue properties to develop one large mixed-use project. Acadia spent $85.4 million in 2022 on individual parcels along the corridor. Acadia has partnered with Dallas-based Ignite-Rebees on the development, which will span about 161,000 square feet: 12,000 square feet of restaurant space, 75,000 square feet of retail space, and 74,000 square feet of office space.

The Dallas Business Journal reports construction has begun. The retail hub will occupy 4.75 acres on the east side of Henderson, on land that has been vacant for decades. The project is expected to be completed by fall 2026. Dallas-based architecture firm GFF was tapped to design the project and Balfour Beatty is the general contractor.

The office portion of the new development will be dubbed Henderson East. Office leasing will be overseen by Newmark and Setstudio is the interior designer for the office portion.