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JasnoDTX

New Dallas Development

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D-FW home starts jump to highest level in seven years

 

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North Texas builders scrambled to meet buyer demand in the first three months of 2107, starting the most houses in a single quarter since 2007.

 

During the 12 months ending with March, Dallas-Fort Worth homebuilders started more than 30,500 houses - the strongest building performance since the Great Recession.

 

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First quarter home starts were up 16 percent from the same period in 2016.

 

And builders sold an estimated 7,519 homes so far this year - about a 15 percent gain from year-ago totals.

 

 

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The Drever Sorts Out Liens, Gets New Financing

 

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TheDreverDallas

 

The Drever, the Downtown skyscraper undergoing renovation at 1401 Elm St., closed a new financing vehicle with a private investment group on April 5. Missouri City-based GCP Income Opportunities I is listed as the lender on public records.


“All contractors are current and construction continues as planned,” Drever said. “All of the abatement, fire safety and cutting in stairs are either finalized or in progress to meet safety and fire code requirements, and work is paid to date.” The redevelopment is still set to deliver in 2018, Drever said.

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Posted (edited)

New Uptown Dallas apartment project will add 190 rental units

 

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Called Modera Howell, the 7-story apartment block is the latest of a series of close-in rental communities built by Dallas-based Mill Creek.

 


Mill Creek and venture partner Abington Properties are building the Uptown project with a rooftop pool deck, fitness studio, landscaped courtyard with outdoor kitchen and dining area, a business center and three levels of underground parking parking.

 

 

Project Location

Edited by Sic'EmBears
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Posted (edited)

In reference to the last post, the project will replace a once-proposed residential high-rise.

Edited by Sic'EmBears

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New tower on the drawing board for Dallas' huge Lincoln Centre project

 

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Now Lincoln Centre's owners are proposing construction of a fourth office tower that would be built on the east side of the tollway.



The 390,000-square-foot office project would be the largest such development in that area in more than a decade.


Lincoln Centre leasing agents with Cushman & Wakefield have recently been showing details of the planned tower to prospective tenants.


The expansion project would also include a multi-level parking garage that would replace surface parking on the northwest side of the property, according to plans for the development.

 

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Posted (edited)

^Awesome. Finally major high-rise construction outside the core. Maybe this will inspire the midtown project to speed up. It'd be nice if they went taller.

Edited by JasnoDTX
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3 hours ago, JasnoDTX said:

It'd be nice if they went taller.

 

Keep in mind, the taller a new building, given a parallel relationship of height and square footage, the longer Dallas waits for the next building. 

 

An abundance of 20-something story towers is the quicker way to a dense, sustainable urban core, which once achieved, will naturally demand taller buildings. 

 

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DFW maintains top spot in Texas for apartment growth. 

 

Austin is the only other Texas metro to place within the nation's top ten.

 

The Metroplex also places second nationally for both units permitted (5,664) and percentage gain (95%). 

 

D-FW apartment boom shows no sign of a slowdown with 50,000 plus units on the way

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Dallas-Fort Worth was already the top apartment building market in the country before starts increased by more than 95 percent in the first two months of 2017.


Almost 30,000 new apartments will open their doors here in 2017.


Less than 5 percent of North Texas' rental units are empty. And average rents have gone up by almost 6 percent in the last year.


But with employment growth in the area still running over 100,000 new jobs a year, apartment analysts and builders are optimistic that the market won't get overbuilt.

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Canada-based software firm moving U.S. headquarters to downtown Dallas

 

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A Canada-based software firm is relocating its U.S. headquarters to downtown Dallas.

 

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Lone Wolf is leasing 25,000 square feet in downtown Dallas' 717 Harwood office tower where it plans to relocate its U.S. headquarters, according to filings with Dallas' Economic Development Committee. The company plans to have 150 jobs in the new location.

 

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"This building can accommodate the future growth potential for the company which anticipates potentially leasing up to 100,000 square feet over time," according to the economic development committee report.

 

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Lone Wolf is already moving people into its new downtown operation.


"We are recruiting pretty heavility down in Dallas," said Lone Wolf's Kate Annis. " It's a great place for technology and we are excited to be down there.

Edited by Sic'EmBears
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Ground to break Thursday, April 27 on Plano's Legacy West first residential high-rise. :)

 

Official name - LVL29, with 29 floors of residential.

 

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Edited by Sic'EmBears
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Pegasus Bank to Open North Dallas Banking Center

 

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Pegasus Bank announced plans for a new building and full-service banking center in Preston Hollow. The new two-story, 14,400-square-foot building will be located at 5940 Forest Lane in Preston Forest Village.



“This will be the finest building between Uptown and LBJ,” said Pegasus Bank President Joe Goyne. “The stylish and contemporary new building will offer state-of-the-art technology and amenities.”

The bank plans to occupy the first floor and lease out the second floor.

 

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More information on Hall Arts Hotel & Residences:

 

The 44 condos in the 25-story tower on Flora Street will start in price at $2 million.



"We are doing a very relatively small number of very high-end homes," said developer Craig Hall. "It will be a very special, exclusive place to live."

The condominiums will average in size just under 4,000 square feet with the two-level penthouse containing more than 10,000 square feet.

 

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Hall said the 183-room Hall Arts hotel will be operated by Virginia-based Crescent Hotels & Resorts, which also has downtown's historic Adolphus Hotel.


"The hotel will be different from the Ritz or the Mansion in that it's going to be more arts-oriented," Hall said. "It's a boutique and intended to be intimate with more a residential feel.



"There will be a really heavy emphasis on the artwork."


The building will have four swimming pools, entertaining rooms for the residences, a fitness center and wine storage room.



"We are doing 60 percent of the units finished out and offering 40 percent as shell space," Hall said.


Hall said the entire project will take just over two years to complete.

 

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