Native Dallasite
-
Posts
19 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Everything posted by Native Dallasite
-
https://www.flickr.com/photos/52949402@N03/37517412580/in/dateposted-public/
Dallas in late talks with Amazon as location for their new HQ2 site!
Incredibly good news!
The Wall Street Journal reports in their Sunday, 11-04-18, edition that Dallas is in late talks with Amazon about it being selected as Amazon's new multi-billion dollar HQ2 site. Two other cities - New York City and Crystal City, Virginia - are also mentioned as being in the same late stages of discussion.
My continuing prediction ... that I've been making all along:
Look out Texas as Amazon's HQ2 is heading to Downtown Dallas!
Or worst case scenario it is split between Dallas and Crystal City, Virginia.
Even in a worst case scenario it will be a HHHHHHUUUUUUGGGGGGEEEEE win for Dallas ... and Texas.
And even Houston, to some extent, will benefit from Dallas being selected for HQ2 what with the High Speed Rail station in Downtown Dallas that will be located right next to Amazon's Dallas HQ2 "Smart District" location ... making a "quick" rail trip between Downtown Dallas and North Houston very possible.
-
Dallas region will now become # 3 in the nation in the number of Fortune 500 headquarter locations, behind NYC and Chicago, with Core-Mark's relocation from San Francisco to Dallas area in first half of 2019.Core-Mark will make the 23rd Fortune 500 headquarters based in the Dallas region, 09-06-18:
-
Dallas is 9th most valuable city in America in residential value according to LendingTree's recent study with $549 billion value; Houston was 13th, Austin 24th and San Antonio 32nd, 08-28-18:
-
Dallas area industrial construction ranks number one nationally with more than 25 MSF underway, Houston is 5th at 12 MSF, 08-27-18:
-
DFW apartment construction ranks second highest nationally with more than 17,000 units to come online by end of year, second only to NYC, 08-16-18:
-
Dallas # 12 in tech talent among top 50 metro's in North America in latest tech talent study by CBRE, growing by 15.3% in just the last five years to 160,750 tech jobs, Houston ranked poorly at # 32, 08-14-18:
-
Dallas' hotel building boom is 2nd highest in nation, behind only NYC; 156 hotel projects with 18,908 rooms is underway; Dallas surpassed Houston in 1Q18 to become second nationally, 08-13-18:
-
Dallas area is number one in nation in new home construction with 36,264 home starts over last 12 months at end of 2Q18, 08-09-18:
-
Dallas-Irving-Plano Metro is still nation's second hottest apartment building market, second only to NYC, a total of 20,191 multi-family permits were recorded in Dallas for last 12 months thru end of May 2018 vs. 30,562 permits for NYC, 07-18-18:
-
U.S. Census reports Big D became much Bigger D in 2017, showing the largest increase in the nation in population between 2016-2017 at 146,238 net new residents, a 12.4% gain in a single year!, 03-23-18:
-
Downtown Dallas, June 2017 on flickr
The recent comments below are quite encouraging.
Coming from Ross Perot Jr., Chairman of The Perot Companies (and Hillwood Development, who is already a trusted Amazon business partner having built 14,000,000+ sf of commercial space for them over just the last few years) it all but assures Perot has his finger on Amazon's HQ2 pulse.
Perot's points mimic what I posted in bullet form on 10-24-17 (below). I happen to think Ross Perot Jr. is correct in his assessment of Dallas' chances of landing this big fish ... Victory Park Urban Village has Amazon's name all over it!Developer Ross Perot Jr. likes Dallas' chances to land huge Amazon HQ2
By Steve Brown, Dallas Morning News, 11-15-17
...
This week, The Wall Street Journal said that D-FW was its favorite spot for the Amazon deal.
Perot's Hillwood real estate company does a lot of business with Amazon.
"Our Amazon relationship is very strong," he said. "They are a great client — an amazing company. We spent time with them in Seattle."
Maybe that gives Perot some insight to what Amazon's top dogs are thinking.
"I do think they want an urban solution," Perot said. "They want an uptown solution. They are going to want mass transit," he said. "We have wonderful sites that can take care of Amazon."
Perot's Hillwood is pitching its Victory Park property on the northwest edge of downtown Dallas as a potential Amazon headquarters site.
He said the real estate needs for the new Amazon begin small.
"It starts at 500,000 square feet and ramps up to 6 or 7 million square feet," Perot said. "The first years are very doable at a half a million square feet of office."
Perot said soaring costs in West Coast markets are sending major companies, including Amazon, scouting for new locations.
North Texas' huge airport and geographic location would be important for Amazon as it expands around the globe, Perot said.
"What better place to grow around the world than [with] DFW Airport," he said. "A huge airport like DFW to connect to the world with affordability in the middle of the United States."
"I think we have a great shot at Amazon."...
Full article: https://www.dallasnews.com/business/real-estate/2017/11/15/perot-likes-north-texas-chances-land-huge-amazon-hq2
-
The Wall Street Journal's analysis, just published today, points to Dallas as the best overall city as the selection for Amazon's massive new HQ2 headquarters ... with an investment of $5 Billion dollars that will employ upwards of 50,000 highly paid and skilled workers.
Even though the competition is stiff, I agree with the Wall Street Journal's just published assessment and believe Dallas will be the selected location.
It will transform Dallas in ways not even imaginable right now and will be a major catalyst to propel Dallas to become the 3rd mega-city metropolis in the nation ... behind Greater New York City and Greater Los Angeles. We're already the central core to the 4th largest metro ... and Dallas will eclipse Chicago even faster if Amazon's HQ2 comes to town.
The Wall Street Journal article is behind a paywall. Access to the full article can be had through this Twitter link:
https://mobile.twitter.com/asharma/stat ... 3312804864
The case for Dallas now only gets stronger from this point on.
What are Amazon's main businesses?
1. Distribution: Amazon needs a low-cost, central location.
Answer: Dallas wins as it is an already existing centrally-located low-cost major national and international logistics hub.
2. Data center operations: Amazon needs central location with low operating costs, including power.
Answer: Dallas wins again as an already existing top three data center hub in the nation, with some of the lowest operational and living costs of all major cities.
Fundamentally, companies such as Amazon compete by lowering costs. Over the life of HQ2 the cost advantages of Dallas will save Amazon billions and billions of dollars. And that means Amazon will win more and more business and become even more successful.
Amazon's bottom line will be the main driver for their Decision Dallas.
-
This absolutely has to be the top contender site for Amazon's HQ2 location for all of the reasons as set forth in the hotlink.
As far as Amazon's requirement of 500,000 sf available by 2019 there are a couple of opportunities for larger blocks of space in a couple of the Downtown towers that would meet that need while the build out of the actual Urban Village campus is underway.
-
Why Dallas will be selected for Amazon HQ2, based on compelling business data points as outlined below:
* 4th largest metro in nation
* # 1 in population growth
* # 1 in overall job growth, and projected to be at forefront of office jobs creation between 2017-2019
* 40,310 tech jobs created in last 5 years with Dallas area known as Silicon Prairie
* # 5 in nation in overall tech labor pool with 161,150 tech jobs, and growing
* # 1 in nation for attracting skilled talent (see article link below)
* # 1 in growth percentage in number of tech degrees being granted
* # 1 in residential construction (multi-family & single family)
* # 2 in office space construction, and projected to be at forefront of worldwide office construction boom between 2017-2019
* # 1 in net office space absorption, first nine months of 2017
* in 2016 jumped to #4 in the nation in GDP (leapfrogging both Washington D.C. & Houston in one year)
* in 2016 jumped to #1 in Texas as largest concentration of Fortune 500 headquarters with 22
* as of 2016 the undisputed financial and economic center of the entire South and Southwest (see above)
* ranks among the lowest in cost of living among all major metros in nation
* home to the largest light rail transit system in nation, and adding second major Downtown subway line
* with DFW - home to a major international airport, and growing in global importance annually
* with Love Field - home to a second major national airport, that is close-in to city center, and growing
* major national logistics hub with 4 interstates converging in city and a 5th interstate loop around the city
* home to a major medical district with UT Southwestern, growing bigger and more important every year
* equi-distant from East and West coasts and equi-distant from Canada to Mexico/Central Americahttp://www.economicmodeling.com/2017/06/16/which-metro-areas-attract-the-most-talent/
-
Dallas/Ft. Worth's economy is booming with such strength that in 2016 it now boasts the largest concentration of Fortune 500 corporate headquarters in the State of Texas.
22 Fortune 500's call the Dallas area home, up 2 from the year before.
In 2016 Houston/The Woodlands fell to second place in Texas with 20 Fortune 500's, down 4 from the year before and down 6 from the year before that.
Dallas/Ft. Worth Fortune 500's: https://www.dallasnews.com/business/business/2017/06/07/dallas-fort-worthlands-22-companies-years-fortune-500
Houston/The Woodlands Fortune 500's:https://www.bizjournals.com/houston/news/2017/06/07/more-houston-companies-fall-off-fortune-500-list.html
-
The U.S. Department of Commerce released 2016 GDP by Metropolitan Statistical Area (MSA) on Wednesday, Sep. 20, 2017.
Dallas/Ft. Worth supplanted Houston/The Woodlands as the 4th largest economy in the United States in 2016, having advanced year-over-year by $18,558,000 billion dollars and at a very strong 3.8% growth rate.
In 2015 Dallas/Ft. Worth was in 6th place and this represents a jump of two positions in a single year ... simultaneously passing both Washington D.C. and Houston/The Woodlands ... that is unheard of and just demonstrates the enormous growth that is occurring in the Dallas region.
Houston/The Woodlands dropped to 6th place in 2016 from 4th in 2015, having contracted by $18,090,000 billion dollars and at a negative 3.6% year-over-year rate.
Houston/The Woodlands has now had negative GDP for three straight years.
-
Dallas is the number one office leasing market in the nation through the first 9 months of 2017, net leasing volume reaching more than 3.8 MSF and topping markets in Silicon Valley, Manhattan and the Pacific Northwest; the strongest office leasing is occurring in markets with the most tech firms; and Dallas is second in the nation in office building with more than 6 MSF under construction, second only to Midtown Manhattan's 9.5 MSF, 10-12-17:
-
I think he is talking about width (50 feet) and depth (300 feet) of the 42 story tower, not its height. As the renderings show the tower will be long, thin and tall, probably at least in the 560 foot height range. I'm very excited for this announcement that is for sure! This 42 story tower would make a great addition not only to the Dallas skyline itself but to draw new skyscraper development to the City Hall area. I think the developer is very serious about his proposals and has a great interest in enhancing Downtown Dallas.
-
Here you go Houston19514: (note: I miscounted towers under construction as it is 24 not 23) Downtown Dallas New Construction: Under Construction, 24 towers: 34 story Residences at Park District residential tower, Trammell Crow 33 story Bleu Ciel residential tower 30 story Katy Station residential tower 25 story Skyhouse Victory Place residential tower 24 story Cinepolis residential tower 23 story 1900 Pearl ("Symphony" Arts District office tower), Lincoln Property (actual height is 362 feet, which is tall for a 23 story building!) 23 story "M" Line Streetlights residential tower 23 story The Jordan residential tower 23 story Ascent 1 residential tower (2 tower complex on shared podium) 21 story Ascent 2 residential tower (2 tower complex on shared podium) 22 story The McKenzie residential tower 22 story Frost Bank office tower 21 story McKinney & Olive mixed use tower 20 story One Uptown residential tower 20 story Park District office tower, Trammell Crow 18 story The Brady residential tower 18 story Hall Arts office tower 17 story The Case Building, Westdale residential tower 14 story 1900 Cedar Springs residential tower 12 story 1920 McKinney office tower 10 story Baylor Hospital hotel 10 story Alexan Skyline 8 story Gables/Whole Foods residential tower 7 story One Harwood, "Rolex" office tower, Harwood International Groundbreakings imminent, 9 towers: 29 story The Union Dallas residential tower, shared parking podium, 1Q16 Twin 26 story towers, "2000 Ross", J.P.Morgan Chase mixed use towers (hotel and residential, next to Trammell Crow Center), 1Q16 25 story The Union Dallas office tower, 16 stories on top of shared parking podium, 1Q16 ~25 story Perot office tower, Cedar Springs at Dickson, 3Q16 23 story Hines Victory office tower, Sep. 30, 2015 per FAA schedule (obviously behind published schedule) 20 story Ltd Edition 2505, residential tower, 1Q16 18 story Oliver & Central residential tower, 1Q16 17 story Virgin Hotel, May 2016 2Q16 Planned, 37 towers: 50-100 story Perot Tower Twin 80 story and twin 60 story towers (4 tower complex near Dallas City Hall), Sarimsakci Development Harwood Forum complex, Harwood International mixed use towers (3.2 million sq ft of condos, office, hotel, retail): -- twin ~80-81 story towers (connected by skybridge) -- ~40-50 story tower -- ~30 story tower (curvy design) -- ~30 story Harwood XII office tower 70 story and 60 story residential towers, Pacific Plaza, Sarimsakci Development 50+ story The Lexi mixed use tower, Harwood International 50 story Hall Arts mixed use tower 46 story Cityplace mixed use tower 39 story 2121 Flora Atelier Arts District mixed use tower 39 story South Asian Museum, mixed use tower, Field@Woodall Rodgers Expwy 29 story Hall Arts residential tower 29 story The Oliver residential tower, Harwood International 25 story "Commune & Ilume" mixed use tower (residential & hotel) 24 story Streetlights Hall & Howell residential tower 24 story 2826 No. Harwood office tower, Harwood International 20-25 story Hillwood Urban 1, office tower 20-25 story Hillwood Urban 2, office tower ~20 story Trinity Groves District office tower 19 story "Club Babalu" residential tower 19 story 1640 Edison, Design District office tower 17 story "Old Warsaw" office tower (14 story + ~3 story crown) ~17 story Dream Hotel 15 story Alexan Katy Trail, residential tower ~15 story "The Epic (Union Bankers Life)" mixed use tower 14 story "Pearl" residential tower Spire Development, mixed use: -- 30 story hotel -- 30 story office -- 21 story office -- 13 story residential 12 story Two Arts office tower, Lucy Billingsley Not announced: Tim Headington holdings (across from The Joule Hotel and across from Fountain Place office tower) Jack Matthews holdings (old "Dallas High School", Trinity Groves and The Cedars) Hunt/Woodbine holdings (Reunion/Union Station) High Speed Rail development (tower or towers mentioned as possible component of HSR complex)
-
Au contraire! My statement of "Since you can't walk (in Downtown Houston) one block across a freeway via an imminently successful urban park to get from one dense district to another" is completely on point. My reference to walking one block was in response to your statement that the picture I posted was of Uptown, not Downtown. Klyde Warren Park seamlessly connects Uptown to the Downtown districts south of it and only requires walking through the park to get from one to the other, roughly one very long city block. BTW, the picture is an excellent example of how the vibrant organic growth that is occurring in center city Dallas is melding together. In that picture landmark buildings such as Museum Tower, Chase Tower, Trammel Crow Tower, 2100 Ross, etc. are part and parcel to the overall image. It shows just how complete the melding of these districts has become. The only thing separating those towers from all the ones in the foreground is Klyde Warren Park. Courtesy of TexasStar from Dallas Metropolis
-
Houston can start calling whatever it wants to call downtown if you wish. Since you can't walk one block across a freeway via an imminently successful urban park to get from one dense district to another then however many miles you want to throw into your definition of Downtown Houston is up to you. If your definition of everything inside loop 610 is Downtown Houston then you better get into a car and be prepared to drive several miles. LOL! Downtown Dallas is comprised of 15 districts, all walkable from one to the other if one wishes. BIG, BIG DIFFERENCE! Yes, there are towers under construction in Downtown Dallas - there are 23 towers under construction in Downtown Dallas with groundbreakings imminent for 9 more, 2 of those 9 imminent towers should start within the week which will bring the total count under construction to 25. Almost all of the 23 (soon to be 25) have either just started or are only now just beginning to go vertical so within the next 12-18 months there will be an absolute sea of cranes soaring over center city Dallas. About the same time the cranes start disappearing from Downtown Houston/Midtown/Uptown. Click on "Get To Know The Districts": http://www.downtowndallas.com/#/main/home
-
"Downtown Dallas" is comprised of 15 distinct districts. Vibrant growth occurring in the city's center long ago spilled over the freeways to enlarge the scope of what is considered downtown. This has been the official definition of "Downtown Dallas" for some time now: Reflecting that vibrant growth Woodall Rodgers is now being considered as the new "Main Street": http://www.dallasnews.com/business/columnists/steve-brown/20160107-the-main-drag-for-offices-shifts-north-to-uptown.ece Wall-to-wall density now stretches on both sides of Woodall Rodgers, growing more dense by the day. There are no fewer than 23 new towers under construction in Downtown Dallas at this moment with another 9 towers with groundbreakings imminent. The density just continues to increase and in this January '16 pic (courtesy of TexasStar on Dallas Metropolis) there are 8 or 9 towers under construction in just this tiny "slice" of Downtown Dallas, including 3 in the pic's foreground. Another 2 towers are scheduled to break ground this week in the immediate foreground of the image (the two tower Union Dallas complex).
-
No, One Uptown has not shrunk in size. Nor has it's incredible design changed from when it was announced. That's a phenomenon happening in Houston. This project in downtown Houston keeps shrinking ... and shrinking .... what a cute shrinking little hotel! First the dramatic change in its design from world class to whatever and now yet another downsizing in its floor count from 25 to 21 to now 20: Expectations Lowered Another Notch for Rising Hotel Alessandra’s Floor Count Houston Swamplot, 02-24-16, 10:33am: http://swamplot.com/expectations-lowered-another-notch-for-rising-hotel-alessandras-floor-count/2016-02-24/
andPearlTowerunderconstruction02-08-17.jpg.c17b3b9720f0d8d57a393df01df521c8.jpg)
