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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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Posted (edited)

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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Posted (edited)

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

 

Official name - LVL29, with 29 floors of residential.

 

Project Location

 

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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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Be sure to keep updated with the Suburban Development thread - two more high-rise residential towers were announced today. :)

 

Alpha + Inwood project plans to bring apartments, retail, hotel to Galleria neighborhood

 

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The 14-acre development at Inwood and Alpha roads in Farmers Branch would replace a vacant big box retail store on the west side of the Dallas North Tollway.



Called Alpha + Inwood, the project is planned to include a combination of apartments, retail and restaurant space, a boutique hotel and an office building taking up a full block.

Bridgeview Real Estate, Transition Development and apartment builder JPI are working on the 745,000-square-foot development.

The 4-story apartment buildings would contain 406 rental units and would be constructed in the first phase.


Along with JPI's apartments, the Alpha + Inwood development is designed to include a 7-story, 204,970-square-foot office building on the corner.



South and west of the office building the project will include five restaurant and retail buildings and a 5-story, 155-room hotel.

 

Project Location

 

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With Centrum transformation underway, Dallas' Quadrant Investment expands its vision

 

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Quadrant

 

The 13-story, 112,225-square-foot boutique office tower at 3625 N. Hall St. — called Hall Street at The Centrum — will be transformed from the 35-year-old tower into a sought-after destination for modern office space.


"We believe the lobby has been high under-utilized, and we look forward to creating a functional community space for the tenancy," said Cook, in a statement.



Other plans include revamping the existing pull-in driveway into a usable plaza and garden, adding a Method Coffee shop with food options and showcasing an art collection, which is on loan from one of Quadrant's founders Howard Rachofsky.


The renovations and creative office spaces will have a great impact on Hall Street's current and future tenants, said Marshall, who is a vice president in CBRE's Dallas office.



The renovations of Hall Street are slated for completion by August 2017.

 

Project Location

 

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DMN

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Dallas' hot warehouse market draws Houston developer Hines

 

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The 1.04 million-square-foot industrial complex would be constructed on Cleveland Road just south of Interstate 20 - an area already seeing significant warehouse development.


Called Southlink Logistics Center, Hines' building would be one of the largest new industrial developments in Dallas.


GSR/Andrade Architects designed the buildings, according to plans filed with the city.


With almost 16 million square feet of construction, Dallas' is second nationally only to Chicago in total warehouse building, according to a first-quarter report from Cushman & Wakefield Inc.


And net warehouse leasing in the D-FW area in the first quarter totaled more than 4 million square feet - one of the highest leasing volumes in the country.

 

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$2 million makeover for Jefferson Boulevard begins soon

 

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The boulevard is receiving a little over $2 million from 2012 bond funds, which will go toward sidewalks, crosswalks, lighting and landscaping.



Plans call for trees in the medians and sidewalks, and bricked crosswalks will be added to the intersections at Adams, Bishop, Madison and Zang. 

Besides that, the stretch of Jefferson between Adams and Zang will be repaved with new asphalt.

The sidewalks will remain pretty much the same, but the city will repair any cracked and broken places in sidewalks and medians.

Low pedestrian lighting will be added to walkways, and the overhead street lamps will be replaced with new LED ones.

 

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