DALLAS (city limits) | General Developments

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Bishop Arts Station and Crescent Bishop Arts (All 4 Corners Under Construction)



















By Me

[Thymant]

The Hudson by Trinsic Residential Brings 125 Units to Knox-Henderson
JUNE 23, 2017
ADOLFO PESQUERA


http://dallas.towers.net/2017/06/23/...c-residential/

Trinsic plans to build about 125 luxury units in a five-story, wood-frame building above a concrete podium, with a two-level, below-grade concrete parking garage. There is also some ground level parking below the apartment units, with additional ground level units that wrap around two sides of the surface parking lot. Trinsic is departing from its Aura brand and calling this project The Hudson.

An occupied two-story 32-unit complex built in 1972 existed on the Hudson site when Trinsic and the owners association initiated the zoning change request. The City Plan Commission approved the request in November, and the demolition is pending. Trinsic’s project architect, GFF, estimates construction could begin by August, according to state records. The firm projects a completion date in December 2019.

[Thymant]

Broadstone on Commerce








From Yesterday By Me

[Sic'EmBears]

Plans for a new downtown Dallas grocery store are making the rounds



Project Location

Another block of downtown Dallas — the street level of the Mercantile Building — is being prepared for new retail tenants, including a long-sought-after grocery store.

The Urban Design Peer Review, a group that works with the City of Dallas Plan Commission, has been shown plans that include a Royal Blue Grocery on Ervay Street.

The grocery is shown on plans in the Mercantile Building storefronts on the corner of Ervay and Main streets. The Peer Review plans from Droese Raney Architecture mention the possibility for some outdoor seating.

Royal Blue partnered with Dallas investors Zac Porter, Emily Ray-Porter and Cullen Potts in 2015 for its first Dallas store in Highland Park Village.

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D-FW leads the country in office building leasing

Dallas-Fort Worth topped the country in office leasing for the second quarter, thanks to a growing economy that fueled demand for new office space.

Net office leasing in the D-FW area totaled 1.4 million square feet in the just-completed quarter, according to a new report from Cushman & Wakefield Inc.

The D-FW area led the country in employment growth in May, with almost 116,000 more jobs than in the same month in 2016.

[Sic'EmBears]

Downtown Dallas building redo gets $14.6M in funding



Project Location

Called Mid Elm Lofts, the buildings at 1512, 1514 and 1516 Elm are being converted into a combination of retail and loft apartments.

Metropolitan Capital Advisors said Thursday that it has arranged a $14.6 million construction loan for Westdale Real Estate Investment and Management for the project.

"Mid Elm Lofts will feature 29 high-end, boutique apartments in a turn-of-the- century loft setting, with ground floor retail, basement retail and a trendy rooftop retail area," the Dallas-based financial firm said. "Due to the complexity of the project, it took 3 years to arrange the financing of this project."

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Planned mixed-use project of nearly 275 acres would be one of the first along I-20



Project Location

Centurion American Development Group is getting approvals for the almost 275-acre project at I-20 and Lancaster Road. The development would include sites for construction of townhouses, apartments, retail, office and hotels.

A preliminary site plan shows that the retail and commercial construction would be concentrated at the south end of the property near I-20.

Townhouses and apartments would be built at the north end of the heavily wooded tract near the DART light rail Blue Line.

Centurion American's planned development is just southeast of the University of North Texas' southern Dallas campus and is adjacent to a DART commuter rail station.

Homes in the project would be within walking distance of the transit line, according to city planners.

[Sic'EmBears]

DFW places second, only behind NYC, in apartment delivery for 2017.

Via Rent Cafe:

Dallas-Fort Worth, the job-centric Texas mega-hub that has seen the largest population increases in the entire country, adding approx. 143K new residents from 2015 to 2016, is second when it comes to new apartment supply.

No less than 25,000 new units are planned for completion this year, making Dallas even more desirable for renters who seek affordability and variety in their housing choices. The local rental market is relatively stable with rent growth at a moderate 3.5% y-o-y. Average rents in the Metroplex hover around $1,094, significantly lower than the national average and half of what New Yorkers shell out on rent on a monthly basis.

Moreover, with a diverse economic sector and steady job growth, the employment picture is rock-solid in D-FW, so it’s no wonder young professionals are arriving in droves.

Candys Dirt

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Construction kicks off on renovations to Dallas' historic Ambassador Hotel



Project Location

The landmark Ambassador Hotel just south of downtown is Dallas' oldest surviving hotel building.

Built in 1905, the 6-story building on Ervay Street is owned by a partnership headed by developer Jim Lake Jr.

"We are officially underway."

"The outside will not change," Lake said. "The public areas will not change — we will restore all those. It gets all new infrastructure."

A ground-level swimming pool, retail space on the first floor and tenant amenities including a lounge are part of the plans for the building.

"We are working with Dallas Heritage Village next door to have a connection to them," Lake said. "We are working with the city to abandon St. Paul Street behind the building."

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Home goods retailer shopping Dallas area for new shipping hub

You can add online retailer Wayfair to the growing list of ecommerce companies scouting the Dallas area for new warehouse operations.

The Boston-based furniture and home goods Internet retailer has been shopping the Interstate 20 corridor in south Dallas County for a new warehouse location.

Wayfair officials confirm they are looking for a spot in North Texas.

The Interstate 20 corridor is one of the country's fastest growing industrial and distribution markets, with new shipping hubs for Quaker Foods, BMW, Hyundai and other firms.

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New York-based shared office concept to put Texas hub in Arts District


Hall Arts

A New York-based shared office concept is bringing its first upscale coworking concept to the Dallas Arts District with the help of Dallas developer Craig Hall, who recently invested an undisclosed sum in the company.

Along with being an investor, Hall will be the landlord for Serendipity Labs Coworking, which plans to open its 29,000-square-foot Texas hub on the 17th floor and ground floor of KPMG Plaza at Hall Arts.

The hub-like office in the Dallas Arts District will serve as a launching pad for other Serendipity Labs Coworking offices in North Texas. Last year, the company announced plans to open nine locations in the region.

"We think there is enough pent-up demand in Dallas-Fort Worth to justify eight really good locations," said Doug Denman, president of Worth Coworking. "We have begun looking at the markets we will want to be in."

The 17th floor at KPMG Plaza will give Serendipity's initial North Texas location views throughout Dallas' skyline and will help solidify the coworking concept's upscale brand in the region, he added.

Construction is slated to begin by the end of next month. Serendipity has yet to select a general contractor.

Officials say they expect to be up and running for members by this November.

[Sic'EmBears]

Via DMN - DFW places second in North America data center absorption:

Still, Bond said D-FW had Chicago beat by a metric that’s even more important than raw supply: absorption.

That’s how much of that storage capacity is actually booked up by data tenants, or the companies that don’t want to house giant servers for all the information they need to run their businesses.

And Bond said that as more and more data center ecosystems hit their stride, it’s a better indicator of how well-balanced regional markets are.

D-FW’s absorption in the first half of 2017 was a 50 percent increase over the same time in 2016.

“The story on Dallas is we have a great demand pipeline and the ease to build,” Bond said.

Bond said that part of the reason D-FW is, in a way, playing catch-up to other markets is that its fast-growing business base is more diverse than Chicago’s, Northern Virginia’s or Northern California’s.

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Exclusive: Sam Ware to give new life to former Parkland campus

The longtime Dallas developer and business partner Jeff Blakeley of Dallas-based Dreien Opportunity Partners LLC are under contract to buy the 1.4 million-square-foot property, with plans to give it a second life as an amenity-rich destination called The District.

"You could not replicate this today for under $500 million," said Ware, who calls this a "once in a lifetime," opportunity.

Some of the proposed plans include:

• Convert the emergency room tower into a hotel to cater to the Medical District. A hotel flag has yet to be selected and a hotel study is being conducted to determine demand for rooms.
• Build small condos that can be sold at a price point ranging from the $200,000s to the $750,000s.
• Develop micro-unit apartments by combining two patient rooms into a 500-square-foot apartment that can be rented at a discount compared with Uptown rents.
• Retrofit rooms to offer a wide range of senior living capabilities from assisted living to memory care.
• Bring in a variety of amenities ranging from valet services, a high-end workout facility, eateries such as a 24-hour diner called Scrubs, a grocery store, high-end 7-Eleven store and other amenities doctors, nurses, patients and residents might need to stay in The District.
• Convert a two-story underground MRI facility into a parking facility to add up to 900 parking spaces to the campus.

[Sic'EmBears]

Oak Cliff's Wynnewood Village owner Brixmor plans upgrades for the 1940s shopping center



Project Location

Wynnewood was built in 1949, decades before enclosed malls were built. It was laid out like a village with one-story buildings and parking around the streets.

A plan is taking shape to spend about $30 million to make the shopping center “more relevant to the community,” said Matthew Berger, president of the West division of Brixmor.

"Their team has flown in three times in the last two months and we've had other conversations," Griggs said. "We welcome their vision and redesign. The addition of new tenants will benefit all of Oak Cliff and southern Dallas."

He said it will take at least another 60 days before leases are signed, but said the prospective tenants are services that aren’t in the center now.

Architectural renderings provided by Brixmor show a theater and a fitness center.

“This is a project we’re ready to start tackling now,” Berger said.

The core shopping center will get new landscaping, façade and parking areas, Berger said, and a section near an existing roundabout will be a new focal point of the shopping center.

Brixmor is still working on plans, he said, but a second phase will include the large vacant field in the middle of the center where a Montgomery Ward store once stood.

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Developers buy properties along Oak Lawn's Maple Avenue for future project

Almost three blocks along busy Maple Avenue have been purchased by two real estate companies created by MQ Development, a Dallas-based shopping center firm. The companies have purchased more than three dozen properties over more than a year, Dallas County records show.

Most of the property is on the south side of Maple, stretching about three blocks between Wycliff Avenue and Lucas Drive. The purchases include automotive businesses, small retail buildings and offices.

The buyers also have bought several blocks of small homes in the area behind the business strip.

Builders are already making moves in the residential blocks between Maple and Harry Hines Boulevard, buying up old homes and property to build houses and townhomes.

Project Location

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Stillwater Capital Tees Up a Multifamily Project in Deep Ellum



Project Location

Stillwater Capital expects to begin construction this fall on a five-story apartment building with parking garage in a far south corner of the Deep Ellum District.

Their project quietly waltzed through the City Plan Commission in late June as a preliminary plat application that was prepared by Brown & Gay Engineers Inc. and approved by the commission without discussion.

According to state architectural project records, this involves new construction of a multifamily structure that will contain 336 units, a garage, club room for tenants, and a gym. The estimated cost is $34 million.

The Deep Ellum project is on a 4.8-acre tract, an entire block bounded by South Hall Street, Jeffries Street, Chestnut Street and Interstate 30 East. The new plat divides the block into two lots.

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D-FW tops the country in single-family home construction

During the year ended with June, builders started 31,049 single-family homes in the D-FW area, according to data from Metrostudy Inc.

That's up from the 29,626 single-family home starts that put the area at the top of the national building ranking in 2016.

Builders got permits to start 20,704 apartments in the year ending June. That's second nationally only to New York City which had 29,746 multifamily permits.

"During the energy bust, Houston builders were forced to reproduct and drop prices to meet the changing demand," she said.

[drummer]

Man...31,049 new single-family homes. I have a hard time fathoming that number. The growth in DFW (and Houston, for that matter) is pretty ridiculous. Any bets on when DFW will include Durant and Ardmore?

[Sic'EmBears]

While Dallas manufacturing thrives, Austin and Houston rank as nation's worst


Tony Romo Tribute by Joseph Haubert

Dallas County created 3,191 manufacturing jobs in 2016, according to Headlight Data. That ranked No. 3 in the U.S. for most jobs created.

Dallas' success stands in stark contrast to Travis County, Austin's home, which lost 3,000 manufacturing jobs. Travis lost the second most manufacturing jobs nationwide.

And the county that lost the most? Harris County, home of Houston, which lost 19,000 manufacturing jobs. Dallas' neighbor to the west, Tarrant County, didn't fare well either, losing more than 2,000 manufacturing jobs last year.

"Oil and gas is very tied to metal manufacturing, and of course in Houston that's going to fall," Engle said, citing the downturn in the oil market.

What's driving growth in Dallas County is beverage, computer and electronic product, and plastics and rubber. Dallas County ranked ninth, second and third in the U.S., respectively, in those categories.

Texas Job Creation/Loss by County

• Dallas + 3,200
• Travis - (3,000)
• Harris - (19,000)

North Texas Job Creation/Loss by County

1. Dallas + 3,200
2. Denton + 396
3. Kaufman + 249
4. Rockwall + 249
5. Collin + 225
6. Ellis + 77
7. Tarrant - (2,095)

[Sic'EmBears]

Wondering about all that construction at the arboretum? Here’s what’s up.

Later this fall, visitors will be able to experience A Tasteful Place, a working garden, or “portager” as the French say. The 2-acre space will be populated with fruit, vegetables, herbs and flowers, and will include orchards, a picnic lawn, patios and trails that overlook the lake and downtown.

You cannot miss the 3,600-square-foot Garden Pavilion, which includes a dining room and commercial kitchen for cooking classes, educational programs and chef-prepared meals. The healthful meals will be sourced from the garden’s produce, which will be grown sustainably. Throughout the year, there will be daily tastings, cooking classes and demos about planting and harvesting fruits and vegetables.