C
row Holdings' eight-building retail complex near downtown Dallas is experiencing a decline in tenants. At Sylvan Thirty, a 47,000-square-foot property at 1888 Sylvan Avenue in West Dallas, several businesses have closed recently, including the Sylvan Avenue Tavern and high-end cocktail bar Jettison. The tavern's owner cited a lack of support from the property owner as the reason for its closure. Other vacant spaces include Shayna's Place sandwich shop and Cooper's Meat Market and Steakhouse.

    Longtime tenants at Sylvan Thirty include CiboDivino Marketplace, Tacodeli, and Houndstooth Coffee. Crow Holdings, led by Chairman Harlan Crow and CEO Michael Levy, declined to comment on the situation. The company has been expanding its retail portfolio through a $2.8 billion fund focused on small-format shopping centers.

    The Sylvan Thirty development was initially built in 2013 by Oaxaca Interests before being acquired by Crow Holdings Capital for an undisclosed price in 2022. Despite rising retail rents in the Dallas-Fort Worth area, driven by low inventory and high demand, several businesses have exited the complex.