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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.

 

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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.

 

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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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18 hours ago, Sic'EmBears said:

^ DFW job growth far outpaced Houston, Austin and San Antonio combined

 

YOY job growth by Texas metro, February '16 - February '17:

 

  • DFW - 119,000
  • Austin - 27,000
  • San Antonio - 21,700
  • Houston - 19,300

 

That's pretty impressive. Dallas and Atlanta are on a roll that seems to far exceed the other US metros.

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New Dallas condo development in Cedars gets nearly $10M to kick off project

 

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The 62-unit project, called Destination Residences, will span a multi-story condominium project in the up-and-coming urban neighborhood just south of downtown Dallas.


The development team plans to use an existing parking garage on the site that will help them "move quickly," on building the multi-story condo building, Laub said.



"This isn't a proven market," he said. "There are not a lot of condo products down there and this is an untapped market for this type of product — particularly at the price point they plan to deliver them at."

 

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Developer Bill Cawley hits it into high gear with his next Tollway office building

 

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Dallas developer Bill Cawley has begun his next office building along the Dallas North Tollway, between Belt Line Road and Spring Valley Road, which will bring the new home for Occidental Petroleum Corp. (NYSE: OXY) to fruition.



Oxy's chemical division signed a lease for roughly half the building — or 120,000 square feet of office space — in a long-term deal. The remainder of the building will be put on the market.


The six-story, 240,000-square-foot building, known as Fourteen 555, sits at 14555 Dallas Parkway in Addison.


"Like Tollway Center and Knoll Trail Plaza, Fourteen 555 features a state-of-the-art fitness center, conference center and our signature rooftop terrace," said Cawley, CEO of Dallas-based Cawley Partners, in a statement.



"However, all of the amenities for Fourteen 555 will be located in a separate amenity building called The Hub, which will also feature a large courtyard," he added. "Tenants and their employees look for walkability in the new office space."


Construction is slated for completion in September 2018.

 

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Cawley Partners

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Modern-style condo mid-rise on the books for Dallas' White Rock Lake neighborhood

 

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A Dallas-based development group, NBKW Partners LLC, plans to build a new seven-story condominium residence that will bring up to 100 new single-family homes to Dallas' White Rock Lake neighborhood.


The condominium, called The Drake at White Rock, could appeal to first-time buyers, empty nesters and residents attracted to the natural beauty of White Rock Lake, said Al Coker, owner of Al Coker & Associates, who is marketing the development.


The condo homes will be priced from $290,000 to $750,000 based on the size of the home and its finishes. The project will include one-, two- and three-bedroom options with expansive balconies and a number of community amenities.

 

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59 minutes ago, JasnoDTX said:

 

That's not what the article said.  And Dallas city limits maps appear to show Dallas proper stops at the tollway.  West of the tollway is Addison.

Edited by Houston19514
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I'm just going off what Google says. Some of the businesses at that location say Dallas, some say Addison,Dallas...like its a Burrough or something. It's a hot loogie spits throw in distance so whatever.

Edited by JasnoDTX
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^I can't wait till this one hits over 30 stories.:P It'll make an impact.

 

1900 Pearl is also a very interesting bldg. Basically some office space over a tall parking garage. Good way to get height.  More bldgs should do this.(362ft for 25 stories)

Edited by JasnoDTX
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On 5/8/2017 at 4:38 PM, Sic'EmBears said:

New rendering for AMLI Fountain Place and glass parking garage in CBRE flyer:

 

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CBRE

 

It seems there is  a good deal of uncertainty about this apartment building rendering.  The link to the flyer was removed (The flyer was for Fountain Place, not for the AMLI apartment building. It's possible CBRE got some pushback from AMLI). Whether the AMLI building will look anything like this rendering seems to be an open question.

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LBJ Freeway office complex could get hotel, apartments

 

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CommercialSearch

The owners of LBJ Financial Center -- a California-based real estate investment partnership -- are asking the City of Dallas for approval to construct additional buildings on the site for apartments and a hotel.


Two large surface parking lots are located on the east and west side of the office buildings.


City planners are recommending that the proposal to convert the office campus into a mixed-use project be approved.


 

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