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Dallas

H Mart wants $4M incentive for Dallas store

$28M project in city’s Koreatown would replace 143K sf building

From left: H Mart CEO and founder Il Yeon Kwon, Council member Omar Narvaez and 2534 Royal Lane in Dallas' Koreatown (Getty, H Mart, Dallas City Hall, LoopNet)
From left: H Mart CEO and founder Il Yeon Kwon, Council member Omar Narvaez and 2534 Royal Lane in Dallas' Koreatown (Getty, H Mart, Dallas City Hall, LoopNet)

Dallas officials are considering a $4 million grant and tax incentive package to build an H Mart supermarket in the city’s newly minted Koreatown.

The store would cost roughly $28 million to construct and be completed in mid-to-late 2025, the Dallas Morning News reported. 

The supermarket would replace the 143,200-square-foot building at 2534 Royal Lane that’s been underutilized or vacant for several years. The Northwest Dallas development site spans 7.6 acres and is near Dallas Area Rapid Transit’s Royal Lane train station. The property is already zoned for a grocery store. 

The city’s office of economic development has been working with H Mart, the nation’s largest Asian grocery chain, for over seven years. It recommended that the City Council approve the project. The City Council will vote on the matter next Wednesday, June 14. 

The city’s Urban Design Peer Review Panel suggested improved parking, landscaping and a pedestrian corridor from Harry Hines Boulevard, which parallels Royal Lane.

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To qualify for the incentives, H Mart must sign a 15-year lease and occupy at least 70,000 square feet. It has to open by June 30, 2026 and 40 percent of the staff must live in Dallas, the outlet said. 

Council member Omar Narvaez, whose district includes Koreatown, backed the project during a recent meeting.

”H Mart is not just a grocery store, it’s a shopping experience with other businesses inside, a bank, salons, a shoe store,” Narvaez said.

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The Korean Chamber of Commerce had been pushing to have a 1.6-mile stretch of Royal Lane recognized as the city’s Koreatown for a while. In January, the Dallas City Council officially gave this designation to the area.

—Quinn Donoghue 

Tags
Dallas Koreatowngrocery storeH-MartIl Yeon KwonIncentivesOmar NarvaezPoliticspublic fundingRetail