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JasnoDTX

New Dallas Development

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Interesting new article:

 

http://www.dmagazine.com/publications/d-ceo/2014/september/why-investors-are-flocking-to-downtown-dallas

 

Huge corporate campuses are being built in the northern suburbs, and Uptown office buildings are securing record-breaking rental rates. But the biggest commercial real estate story in Dallas may be the revitalization of the city’s urban core, where a staggering number of redevelopment projects are setting the stage for a major transformation.

Activity is focused on the city’s center, the area between Pacific Avenue and Main, Commerce, and Elm streets. Sales volume in the core is “off the charts,” says Jon Altschuler, partner at Altschuler and Co. Even more noticeable, he says, are the capital improvements new property owners are making. “When I step out of Thanksgiving Tower and head in either direction, it feels like I should be wearing a hard hat,” he says. “There is so much construction activity. Welding, banging, building—you can tell it’s going to be a different streetscape in 18 months.

:D

 

downtown_dallas_commercial_real_estate_g

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It seems so many cities around the US and Canada are finally reaching critical mass right around the same time.  I wonder why capacity building has taken so long, whether it's generational, whether it's primarily economic (art follows moneymaking), and whether it will take off even more as Boomers retire to walkable areas.

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Downtown Dallas suffers from the same issues as ours. There are surface lots and not a lot of pedestrian activity, except for pockets of resteraunt and bars (and around the DART station). But they are pushing in the right direction, like us, realizing the vital infrastructure and brand new park space can sprout an entire district.

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When I look at the Dallas devmap, it looks like not much is going on.

is it up to date?

http://devmap.io/cities/dallas/developments

 

I think that map is missing a lot of their projects. Dallas' uptown/downtown area has a couple years head start on our downtown area. They have a lot of recently completed and under construction projects while most of ours are just starting. However, most of theirs are in the 20-story range while we have a couple proposed/under construction at or above 40-stories.

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Dallas has a LOT more vacant space downtown. The tunnel system isn't well developed either, which arguably puts surface level activity at an advantage.

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Sounds - and looks like - a lot of renovation projects.  Which is great!  That'll be one way for Dallas to minimize the amount of available CBD office space.  Conversion.  Good to see them moving forward.  And Uptown Dallas is certainly happening.

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I think that map is missing a lot of their projects. Dallas' uptown/downtown area has a couple years head start on our downtown area. They have a lot of recently completed and under construction projects while most of ours are just starting. However, most of theirs are in the 20-story range while we have a couple proposed/under construction at or above 40-stories.

 

Agreed. There are many towers going up in uptown as well as our Cityplace area. Most of these are in the 20 to 25 something story range. Which is kinda a bummer but we are building density leading into downtown which looks great. (Think Philadelphia style but with modern buildings).

All beautiful bldgs just shorter.

 

The tallest approved thing we have going up is the Bleu Ciel in uptown at 33 stories. Of course that's just approved. There are many others proposed of course. The one Im excited about is of the potential monster tower Ross Perot Jr is trying to build.

 

 

Edited by JasnoDTX
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Here's another one:
 
Sept 2, 2014
 
Quote:
J.P. Morgan Asset Management bought the empty block, which is across the street from its Trammell Crow Center skyscraper.

The New York based investment firm plans to use the block at Ross and Olive Street to construct a mixed-use project that includes hundreds of parking spaces for the office tower, real estate brokers say.
Quote:

Real estate brokers say that along with a parking garage to serve Trammell Crow Center, the real estate firm is considering retail space, apartments or even a hotel to include in the project.
 

 

http://bizbeatblog.dallasnews.com/2014/09/j-p-morgan-buys-downtown-dallas-block.html/

 

 

 

rosslot.jpg

 

Edited by JasnoDTX

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Philadulphia is just so wonderfully great. I hope dallas can be as good as that one day in the far off distant future so that when people go there they say "wow, this so international and is better than New York and Chicago put together". Damn. We can dream can't we? Everything is the rad bomb. Cool.

 

:lol: This is my hometown so of course I want it to be the best it can be. Our skyline will never come close to Chicago's at least not in my lifetime unless there is some freakish boom period lol. However there IS a TON of land in South Dallas that we are not using. And Dallas is bigger than Chicago land-wise(Houston is bigger!) I do dream of our skyline streching into parts of that (without spoiling our huge urban forest down there). Also West Dallas may see growth next.

 

We already are a great city and are THE trading post of the region.. that's how we got started in the first place. We have no water port but still did well. Just like Atlanta. Same thing with them. We are still growing and its actually caused some Dallasites to move OUT of Dallas because its becoming too much. My half-sister is one of them. She moved to Tyler for a slower pace. We (and Houston) have the craziest drivers but take a careful look at their license plates they're usually "foreign" Haha.

 

But I've learned a city is more than a bunch of skyscrapers. Its more complicated than that. But you never know.....all I can say is be careful what you wish for....you might just get it. :o

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Just to be clear; here is a list of the buildings currently under construction in downtown Dallas (new construction, not including building rehabs).  

 

Hall Arts Tower.  An 18-story office building.

Fairfield West End.  A 5-story apartment building.

Alta Farmers Market  (not sure if these have actually started construction yet).   a 4-story apartment building

 

 

If you use the expanded definition of downtown Dallas (to include Uptown and other adjacent areas, you get to add:

 

SkyHouse.  24-story apartment building.

McKinney & Olive.   23 story office building.

Uptown Plaza.  23 story apartment building.

Frost Tower.  22 story office building.

One Dallas.  20 story apartment building.

Richards Group HQ.  18 story office building.

Alexan Skyline.  10 story apartment building on top of parking garage.

1900 Cedar Springs.  9 story apartment building on top of existing 5 story parking garage.

Gables McKinney Ave.   8 story apartment building.

Routh Street Flats.  7 story apartment building.

Camden Victory Park.  5 story apartment building.

Elan City Lights.  5 story apartment building.

Edited by Houston19514
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Agreed. There are many towers going up in uptown as well as our Cityplace area. Most of these are in the 20 to 25 something story range. Which is kinda a bummer but we are building density leading into downtown which looks great. (Think Philadelphia style but with modern buildings).

All beautiful bldgs just shorter.

 

The tallest approved thing we have going up is the Bleu Ciel in uptown at 33 stories. Of course that's just approved. There are many others proposed of course. The one Im excited about is of the potential monster tower Ross Perot Jr is trying to build.

 

Blue Ciel (wonder the pronuciation?)... looks somewhat similar to the one time proposed 2nd Residential Highrise at Regent Squre at the former Allen House location off Allen Parkway.

 

And like many in Houston - while I'd love to see a masterpiece of tall architecture - I'm happy with the quality Hines is currently putting out there in all their buildings.  Not grand/world beating architecture, but significant and relevant, and quality.  Houston and Dallas are similar in that both have seen plenty of mediocre architecture (like any big city) over the years.  Dallas' Theater/Museum District area is really moving forward with nice architecture - even if I feel that some of those architects are purely around for flashy/neighborhood clashing designs (OMA... pretty much anything Foster does etc.)

 

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Just to be clear; here is a list of the buildings currently under construction in downtown Dallas (new construction, not including building rehabs).  

 

Hall Arts Tower.  An 18-story office building.

Fairfield West End.  A 5-story apartment building.

Alta Farmers Market  (not sure if these have actually started construction yet).   a 4-story apartment building

 

 

If you use the expanded definition of downtown Dallas (to include Uptown and other adjacent areas, you get to add:

 

SkyHouse.  24-story apartment building.

McKinney & Olive.   23 story office building.

Uptown Plaza.  23 story apartment building.

Frost Tower.  22 story office building.

One Dallas.  20 story apartment building.

Richards Group HQ.  18 story office building.

Alexan Skyline.  10 story apartment building on top of parking garage.

1900 Cedar Springs.  9 story apartment building on top of existing 5 story parking garage.

Gables McKinney Ave.   8 story apartment building.

Routh Street Flats.  7 story apartment building.

Camden Victory Park.  5 story apartment building.

Elan City Lights.  5 story apartment building.

 

Excellent list Houston19514!

 

Yes the cranes are part of the skyline right now. haha. You can see them from my area in Northeast Dallas.

 

Some of those I didnt even know about. We should be able to add the 33 story Bleu Ciel soon. Not sure when they are breaking ground. Should be soon :}

 

Thanx!

 

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Blue Ciel (wonder the pronuciation?)... looks somewhat similar to the one time proposed 2nd Residential Highrise at Regent Squre at the former Allen House location off Allen Parkway.

 

And like many in Houston - while I'd love to see a masterpiece of tall architecture - I'm happy with the quality Hines is currently putting out there in all their buildings.  Not grand/world beating architecture, but significant and relevant, and quality.  Houston and Dallas are similar in that both have seen plenty of mediocre architecture (like any big city) over the years.  Dallas' Theater/Museum District area is really moving forward with nice architecture - even if I feel that some of those architects are purely around for flashy/neighborhood clashing designs (OMA... pretty much anything Foster does etc.)

 

 

I believe its pronounced like "Blue Seal". Spelt Bleu Ciel. :]

 

I didnt know it looked like the bldg you mentioned. Gonna have to check that out. I know the Dallas Skyhouse looks just like the Houston Skyhouse or whatever its name is. Haha.

Thanksgiving Tower in Dallas looks almost exactly like Minneapolis' tallest bldg. :D

Copycat architecture everywhere in multiple cities.

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Excellent list Houston19514!

 

Yes the cranes are part of the skyline right now. haha. You can see them from my area in Northeast Dallas.

 

Some of those I didnt even know about. We should be able to add the 33 story Bleu Ciel soon. Not sure when they are breaking ground. Should be soon :}

 

Thanx!

 

 

I wouldn't be counting on Bleu Ciel starting real soon.  I'm sure they have to sell quite a few units before they proceed with construction.  We shall see.

 

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WOW!!!! 3 new buildings in downtown dallas!!!! 18, 5 and 4 stories tall AND in the rest of the city 12 others between 5-24 floors and maybe even including the goliath 33-story Blue Seal soon?

 

Man. Why can't Houston ever build anything or think BIG?!?! God damn it!! I know I speak for everyone in Houston when I say we are sooooooooooo jellous of all the construction up there. We don't got nothing. Congratulations dallas for your wonderful majestic feat. I think you can see Downtown dallas from El Paso now!!!

 

y'all should go to the New York and Chicago websites and tell them that dallas is going to be bigger and better than they are pretty soon and that they better watch out because dallas is architecturally more significant since more big buildings are being built in dallas than up there in those rust belts. Keep us posted so that we know what it's like to live in the big city where big pretty buildings are being built. Houston is lucky if they just update the local Dairy Queen.  :angry2:

Edited by Metro West

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WOW!!!! 3 new buildings in downtown dallas!!!! 18, 5 and 4 stories tall AND in the rest of the city 12 others between 5-24 floors and maybe even including the goliath 33-story Blue Seal soon?

 

Man. Why can't Houston ever build anything or think BIG?!?! God damn it!! I know I speak for everyone in Houston when I say we are sooooooooooo jellous of all the construction up there. We don't got nothing. Congratulations dallas for your wonderful majestic feat. I think you can see Downtown dallas from El Paso now!!!

 

y'all should go to the New York and Chicago websites and tell them that dallas is going to be bigger and better than they are pretty soon and that they better watch out because dallas is architecturally more significant since more big buildings are being built in dallas than up there in those rust belts. Keep us posted so that we know what it's like to live in the big city where big pretty buildings are being built. Houston is lucky if they just update the local Dairy Queen.  :angry2:

 

Thank you MetroWest! I know its difficult with all of our success here. Hey dont feel bad about the Dairy Queen. They have some great food! I heard they updating the Houston location with a new unisex bathroom for transgender people. That way you wont have to be confused anymore. Hurray!

 

Alright Houston :lol:

 

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Why the hostility Metro West?  This is the Dallas sub-forum in HAIF.  There was a time .... just a few months ago when Houston would have been good to have 3 highrises under construction in DT.

 

Relax.  Take the negative Dallas vs Houston stuff somewhere else.

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I heard they updating the Houston location with a new unisex bathroom for transgender people. That way you wont have to be confused anymore. Hurray!

Alright Houston :lol:

While I'm not condoning MetroWest's childish and sarcastic comments, referring to transgendered people as "confused" is pretty ignorant in itself. This topic has nothing to do with that issue and moderators should remove it from the thread.
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Glad to hear that Dallas is seeing significant centralized development too. The fact that multiple major Texas cities are being revitalized in this way bodes well for the entire state. It'll be interesting to see how both Houston and Dallas deal with urban planning and infrastructure issues in their cores, especially since both cities have similar patterns of growth.

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Just to be clear; here is a list of the buildings currently under construction in downtown Dallas (new construction, not including building rehabs).  

 

Hall Arts Tower.  An 18-story office building.

Fairfield West End.  A 5-story apartment building.

Alta Farmers Market  (not sure if these have actually started construction yet).   a 4-story apartment building

 

 

If you use the expanded definition of downtown Dallas (to include Uptown and other adjacent areas, you get to add:

 

SkyHouse.  24-story apartment building.

McKinney & Olive.   23 story office building.

Uptown Plaza.  23 story apartment building.

Frost Tower.  22 story office building.

One Dallas.  20 story apartment building.

Richards Group HQ.  18 story office building.

Alexan Skyline.  10 story apartment building on top of parking garage.

1900 Cedar Springs.  9 story apartment building on top of existing 5 story parking garage.

Gables McKinney Ave.   8 story apartment building.

Routh Street Flats.  7 story apartment building.

Camden Victory Park.  5 story apartment building.

Elan City Lights.  5 story apartment building.

 

For comparison, here’s a list of under construction projects in downtown Houston.

 

609 Main at Texas: 48-story office building

Market Square Tower: 40-story residential building

Marriot Marquis: 29-story hotel

1111 Travis: 24-story office building

1311 Louisiana: 16-story parking garage

Hampton Inn/Homewood Suites: 14-story hotel

700 Crawford: 7-story residential building

Convention Center Office/Hotel: 6-story office/parking garage with plans for a 14-20 hotel on top

Block 334: 5-story residential

 

We also have about 5 or 6 mid-rise projects under construction in Midtown. Overall, I'd say that Houston is pretty comparable to Dallas in the number of projects going up in and around its downtown, but Houston has a little more height.

Edited by fkp5
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I kinda wanted to do another thread for photos of Dallas construction. Would that be too much? Or should I just add them to this thread? Cause the construction wont be just in dwntown.

 

I would love some photos of Dallas construction.

 

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but Houston has a little more height.

 

Of it course. Houston has more and bigger throughout the city. Its the true Texas skyscraper city.  It ranks higher on the Raime ratings at number #4 but Dallas is nipping at Los Angeles' heels at #6 which Im proud of.

 

http://en.wikipedia.org/wiki/User:Raime/Skyline_rankings

 

Of course these change a lot. There's developments all over the country. Im just glad Texas has such great cities.

Though Dallas is the third most populous*cough*..... I consider Houston and Dallas to be the New York and Chicago of Texas. :D

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I would love some photos of Dallas construction.

 

 

In the name of Sir Bill Hicks.. I will see if I can muster up something manana. ;)

Edited by JasnoDTX

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