A long-vacant Oak Cliff hospital that has sparked neighborhood fights for years is finally on track for a new life, and it will be housing and shops, not a shelter. Dallas-based Options Real Estate, led by Monte Anderson, has a purchase agreement to buy the former hospital site at 2929 S. Hampton Road for nearly $6.9 million, with plans for a mixed-use "village" of apartments, townhomes, and retail on roughly 14 acres.
The property has been a political lightning rod since the city bought it in 2022, and neighbors repeatedly pushed back on plans to use the site for homelessness services. The city has now confirmed a purchase-and-sale agreement that became effective Friday and identified Options Real Estate as the buyer, according to The Dallas Morning News.
City records show Dallas purchased the parcel for about $6.5 million in 2022, and municipal real-estate materials list it at roughly 12.5 acres, according to city documents. Earlier coverage chronicled how neighbors and advocates lined up to oppose the city’s concept for homelessness services at the old hospital. KERA News detailed the intensity of that pushback last fall.
Options Real Estate president Monte Anderson and planner Patrick Kennedy are leading the redevelopment effort. Anderson told The Dallas Morning News he is “looking to close within six months” and will be scrutinizing “anything that could stop us from doing this project.” The agreement gives the buyer a 90-day due diligence period with an option to extend for a fee, and the purchase contract requires closing by April 30, 2027, city officials said.
What the developer pitched
At community meetings last year, Anderson laid out a walkable "village" concept that would swap hospital rooms for neighborhood-style living. The early vision featured rental apartments, ground-floor shops, and small detached townhomes that would be deed-restricted to encourage individual ownership instead of bulk rental.
To keep costs in check and move faster, Anderson floated the idea of reusing the hospital’s existing water lines, elevators, and other infrastructure rather than ripping everything out and starting from scratch. Neighbors, who had spent months fighting the earlier plan for homelessness services, told local outlets the sale felt like a win, according to Advocate Magazine's Oak Cliff.
What happens next
The clock is now ticking on that 90-day review period. The buyer’s initial deep dive will focus on title issues, environmental conditions, and zoning questions before both sides move toward closing. If inspections turn up problems, the developer can extend due diligence for a fee, but the contract still requires a final closing by April 30, 2027, according to city documents.
The site is zoned PD-128 and appears on the city’s list of priority properties for redevelopment, which means any significant changes will go through city review and neighborhood engagement. That is likely to keep residents and council members closely tuned in as zoning filings, potential deed restrictions, and promises around local ownership start to take shape.
If the deal closes, it would cap more than a decade of vacancy and end a bruising debate over how to use the land. Anderson’s team still has to finish inspections, pull together financing, and secure any required city approvals before construction can start, and neighbors will be watching to see whether the eventual project looks like the village they were sold.
