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$120 million expansion planned for Grapevine’s Gaylord Texan

Karen Robinson-Jacobs
January 20, 2016
 

Nashville-based Ryman Hospitality Properties Inc., which operates as a lodging real estate investment trust, said the project at the Gaylord Texan Resort and Convention Center in Grapevine will add 300 guest rooms to the resort’s current 1,511 room count. 

 

That would put it just below the 1,840 room count at The Sheraton Dallas Hotel downtown, the state's largest hotel in terms of guest rooms.

The current project will add 86,000 square feet of carpeted meeting space, bringing the total meeting space to about 490,000 square feet.

Construction is expected to begin in the fourth quarter of this year and be completed during the second quarter of 2018. The $120 million figure includes a $5 million expansion of the property’s resort pool complex, which is expected to be complete for the 2016 summer season.

 
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Lakeside mixed-use project coming in Denton County town of Little Elm

Steve Brown
January 21, 2016
 
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The 7.4-acre project is at the southeast corner of Eldorado Parkway and Main Street, across from Hydrous Wake Park.

 

The projecy – built in partnership with NE Development – will have 6,000 square feet of retail and restaurant space and 203,090 square feet of apartment homes in 4-story buildings. 

The mixed-use development will have 242 apartments and will take 16 to 18 months to build.

 

Humphreys & Partners Architects designed the development.

 
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Stream Data Centers to develop new Legacy-area data center in Plano

Candace Carlisle
January 21, 2016
 

Dallas-based data center provider Stream Data Centers has snapped up 16 acres of land to develop a new data center development within Legacy Business Park in Plano.

 

The developer plans to build a 210,000-square-foot data center that will have the ability to withstand sustained 185-mph winds. Stream is seeking LEED Silver certification for the project.

Dallas-Fort Worth is the No. 2 data center market in the country based on the megawatt absorption in 2015, according to JLL's latest Data Center Perspective.

 

JLL'S Bo Bond told me he expects to see a lot of data center development this year.

Stream Data Centers plans to begin construction on the site in the second quarter of 2016, with occupancy slated for early 2017.

 
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Steve Brown 
January 21, 2016
 

State Farm’s Richardson complex could fetch more than $700 million making it one of the largest such real estate transactions ever in Texas.

State Farm Insurance officials say they plan to sell the company’s 4-building regional office campus in Richardson.

 

The 2 million square foot high-rise project on Bush Turnpike is just now nearing completion and is planned to house almost 8,000 workers.

“In 2016 we plan to add 1,000 employees at State Farm at Cityline,” Pilcic said in an email.

State Farm will continue to occupy them on a long-term lease.

 

 
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Mercedes-Benz to develop new regional distribution facility in Grapevine

Candace Carlisle
January 22, 2016
 

The Learning & Performance Center is relocating from Houston to Grapevine and will accommodate the ongoing training of Mercedes-Benz dealership technicians from throughout the southwestern United States.

The two facilities are slated to sit on more than 31 acres along Lakeside Parkway at Enterprise Road in Grapevine.

The parts distribution center — which is one of six of its kind in the country — will total about 254,000 square feet of space and will parcel out parts throughout the southwest United States.

 

Once staffed, the 59,000-square-foot training facility will employ 50 full-time employees and will be able to train 150 to 200 technicians per week.

Mercedes-Benz is expected to take occupancy of the two buildings in January 2017.

 
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New Frisco mixed-use project across from Toyota Stadium is on the drawing boards

Steve Brown
January 27, 2016 

 

The 22-acre development on Main Street east of the Dallas North Tollway will be next door to the Toyota Stadium.

 
Property owner and developer Paul Cheng has filed plans for a complex of one to 4-story buildings on the north side of Main
 
The project is designed  to include two office buildings, five retail and restaurant buildings and 597 apartments. There’s also a 6-story garage and retail building.
 
 
Perhaps this project will be similar to its initial plan by Corgan.
 
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Concerning why Chase is building two very substantial projects simultaneously in Downtown Dallas and its suburb of Plano is because Chase has around 12,000 employees in Dallas and its immediate suburbs. 6,000 of those, primarily from offices scattered in various suburban locations, are planned to be relocated to the new one million square foot Chase campus to be built in Plano.

The Chase project for Downtown Dallas is not an office project but instead mixed use with hotel, apartments, retail, restaurant, and parking.

Chase will continue to occupy its space in the JPMorgan Chase Tower in Downtown Dallas and The Crescent. Chase's Downtown Dallas presence is not a part of the Plano move or will only be negligibly affected. .

More precisely, the "Chase" project downtown is just an investment by JP Morgan Assert Management,, a different part of the JP Morgan Chase empire. It has nothing at all to do with the JPMorgan Chase employee base downtown.

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Large datacenter planned for Richardson one of several in the works for North Texas

Steve Brown
February 1, 2016
 
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The more than 470,000-square-foot 3-story datacenter would be built on more than 20 acres at the northwest corner of Security Row and International Parkway.
North Texas was the second fastest growing datacenter market in the country in 2015, behind only suburban Washington, D.C., according to a new report by commercial property firm JLL.
 
“We are continuing to have record absorption here,” said JLL’s Bo Bond. “Those numbers do not include corporate build-to-suit projects like Facebook and State Farm.”
Bond said the next generation of projects will be bigger and will include more ground-up construction, rather than converting old commercial buildings.
 
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Farmers market will be centerpiece of new Frisco development

Steve Brown
February 1, 2016
 
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Called Frisco Fresh Market, the Main Street project will also include office buildings, apartments and a hotel on 32 acres just east of the Dallas North Tollway.
 
“Our project is a specialty lifestyle retail project with primary focus on fresh food and farm fresh produce as well as a variety of small vendors selling artisan products,” said developer Paul Cheng who heads USA Infrastructure Investments. “It will be about 70,000 square feet of indoor facilities and 10,000 square feet of outdoor facilities.
The project is planned to include two office buildings, five retail and restaurant buildings and 597 apartments. The development will be next door to the Toyota Stadium.
Cheng said work will start on the development this fall.
 
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Texas Health to build $37M drug and alcohol North Texas treatment facility

Bill Hethcock

February 9, 2016

Texas Health Resources plans to construct a $37 million, 80-bed treatment center for drug and alcohol addiction in Mansfield — the first facility of its type for the health system.

Health system leaders will break ground at 9 a.m. Wednesday on Texas Health Residential Treatment Center at 240 North Miller Road in Mansfield.

The facility is slated to open in May 2017.

The 100,000-square-foot center will have four residence halls, divided by age groups: adolescents from 12-17 years old; young adults from 18-25; women; and general population of 25 and older.

Beck will complete the architecture and the construction for the project.

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Granite Properties' 'The Boardwalk' restaurant row gets underway in West Plano

Candace Carlisle

February 9, 2016

On the heels of landing Fannie Mae's regional consolidation at Granite Park, Granite Properties has started construction on its boardwalk-inspired restaurant row at the southeast corner of the Sam Rayburn Tollway and the Dallas North Tollway in West Plano.

The project, called The Boardwalk, is expected to bring about 29,000 square feet of restaurant space in a multi-building complex attached with patios and a boardwalk around the lake feature at Granite Park.

Last year, Granite Properties landed celebrity chef Kent Rathbun's new concept Hickory Kitchen and a Japanese and Asian-infused concept Blue Fish.

Fuller said it would be a variety of restaurants that would enhance the eateries at the park. Each restaurant will have 3,000 square feet to 7,000 square feet of retail space upon completion.

At full build-out, Granite Park is expected to have a daytime population of 10,000 people. Construction on The Boardwalk is slated for completion in October.

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Irving industrial park kicks off with two buildings

Steve Brown

February 10, 2016

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A Pennsylvania-based real estate company is building a 44-acre industrial park in Irving.

Liberty Property Trust plans to develop three warehouses with 720,000 square feet in its new Liberty Park GSW North project at 951 Valley View Lane.

The first two buildings with 537,300 square feet will be finished at midyear.

The company is also developing a 41-acre warehouse project at 2250 E. Bardin Road near Interstate 20 in Arlington.

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Five years after Super Bowl XLV in Arlington, there’s no sign of a return engagement

http://thescoopblog.dallasnews.com/2016/02/super-bowl-xlv-a-mixed-legacy-for-dallas-area-five-years-later.html/

Super Bowl XLV was a multi-year effort that raised millions for charity and created lasting programs. It also generated plenty of embarrassments when it left some fans without seats, treacherous snow fell from the stadium injuring workers and miserable weather shut down outdoor activities for much of the week. And it’ll be at least a decade before there’s any chance of the NFL returning its biggest game to the Dallas Cowboys’ stadium.

 

The worst Super Bowl ever.  Nasty stadium they can open the roof and based in Arlington.  HTown will be ready next year!

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J.C. Penney laying off 9% of staff at headquarters.

The retailer is cutting hundreds of jobs at headquarters as it looks to improve its finances.

J.C. Penney is laying off 300 people at its Plano, Texas headquarters, making it the latest store chain to shed jobs in a tough environment for retailers.

http://fortune.com/2015/10/23/jc-penney-layoffs/

 

Not good there is a rickle effect.  Oil industry will have a domino effect.  JC Penny has been in a lot of trouble.  Dallas thinks the oil down fall will not hurt them.  IT WILL.!

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Not good there is a rickle effect.  Oil industry will have a domino effect.  JC Penny has been in a lot of trouble.  Dallas thinks the oil down fall will not hurt them.  IT WILL.!

 

^^^^^^^

JC Penney's problems have absolutely nothing to do with Dallas (and absolutely nothing to do with the oil downturn that is hitting Houston so hard) but is an issue with retailing in general and certain ones in particular (i.e. Sears is another example).

 

 

Here are just a few recent economic headlines for Dallas and its metro over the last 8 weeks alone:

 

 

No bubble in Dallas home prices according to Zillow, 02-12-16:
 
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DFW industrial construction at record high with very low vacancy rate and booming demand, 02-11-16:
 
 
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DFW home sales jumped year-over-year 20 % in January 2016 and 21% in December 2015, 02-08-16:
 
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DFW # 2 in nation in 2015 with largest commercial building gains, Houston drops to 9th, 02-04-16:
 
 
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4 reasons Dallas is the market to beat in 2016, 02-04-16:
 
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Hiring ramped up in Dallas in 2015 despite oil slowdown, 02-04-16:
 
 
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DFW new home market still doing exceptionally well despite oil and gas downturn, 02-04-16:
 
 
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DFW # 3 in nation for most jobs created in 2015, 02-03-16:
 
 
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Exxon-Mobil profit falls 57% but oil giant avoids losses (unlike other oil giants losing billions), 02-02-16:
 
 
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DFW tops Texas in 4Q15 home sales, 02-01-16:
 
 
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Dallas # 2 in nation for absorption of data center space in 2015, explosive economic growth in Dallas creating demand, 01-28-15:
 
 
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Eight projects changing Elm Street, 01-28-16:
 
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Where are millennials flocking?, 01-27-16:
 
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Dallas # 7 on list of top 10 boom towns for next decade, 01-27-16:
 
 
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Exclusive: Four Fortune 1000 companies considering headquarters move to Dallas area, 01-25-16:
 
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2016 Dallas growth prediction: not as robust as 2015, but still strong, 01-25-16:
 
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Energy saver: Dallas, Austin and San Antonio keep Texas growing becoming Texas' I-35 Firewall
 
With oil & gas and manufacturing in retreat last year, job growth in Texas was driven by Dallas, Austin and San Antonio, 01-25-16:
 
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DFW high-end home sales rose more than 12 percent in 2015, 01-25-16:
 
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2016 expected to be another big year for data centers in Dallas; already 2nd largest data center concentration in nation, 01-22-16:
 
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DFW expected to lead nation in housing starts in 2016, 01-19-16:
 
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Year 1 after lifting Wright a win-win for both Dallas airports, phenomenal growth at Dallas Love Field, 01-15-16:
 
 
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Where's $300 million of construction starting this summer?, 01-13-16:
 
 
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Real Estate authority determines Dallas is a top 5 housing market for 2016 (3rd in nation)
(Zillow Top 10 Hottest Housing Markets in 2016), 01-13-16:
 
 
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Dallas shopping center vacancies at 3 decade low, 01-12-16:
 
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North Texas home sales surged in December (21% increase), 2015 to set all-time record, 01-08-16:
 
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Woodall Rodgers becomes Downtown's new "Main Street", 01-07-16:
 
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Dallas sees record office leasing of 4.7M sf in 2015, 01-05-16:
 
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DFW office leasing at record high in 2015, 01-05-16:
 
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2015 real estate boom is the biggest DFW has seen in decades, 12-30-15:
 
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DFW area homes gain $55 billion in value in 2015, is number one metro in Texas with $411 billion total value, 12-30-15:
 
 
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DFW Real Estate still shrugging off oil price slide, 12-22-15:
 
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If DFW Economy were its own state or nation, 12-15-15:
 

http://www.bizjournals.com/dallas/blog/2015/12/if-the-dallas-fort-worth-economy-were-its-own.html

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Central Dallas to see big boom in hotel rooms, 12-16-15:
 
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6 Reasons Why Everyone is Moving to Dallas-Ft Worth, 11-20-15 (GDP data is out-of-date but still interesting):
 
 
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Two new buildings join Quaker State, BMW in I-20 industrial park in Lancaster

Steve Brown
February 22, 2016
 
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Developers started two more buildings in the Park 20/35 development in Lancaster.

Panattoni Development is building the latest two buildings in the project on Houston School Road.

The two 211,948-square-foot buildings – the sixth and seventh at Park 20/35 will be ready in June.
 
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Exclusive: Mission Foods to open massive hub in Grand Prairie

Candace Carlisle
February 17, 2016
 

Tortilla-making giant Mission Foods, a subsidiary of Gruma Corp., plans to consolidate its North Texas manufacturing and distribution operations into a massive hub within a $200 million logistics campus in Grand Prairie, which will bring another major distributor to the city limits.

The company plans to employ more than 500 workers and operate around the clock to keep up with the consumer demand for its tortillas and tortilla chips.

Based on the long-term leases with Mission Foods and GM, Grand Prairie's economic development manager Terry Jones said she projects the logistics park will bring in $53 million in tax revenue over the term of the contracts.

Mission Foods is expected to open its Grand Prairie facility for production upon completion of the facility in October.

 
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Trammell Crow eyes apartment tower for Plano’s booming Legacy development

Steve Brown
February 22, 2016
 
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(The luxury apartment community would be constructed next door to Crow’s Legacy Tower in Plano.)
 

Crow has filed plans to build a high-rise apartment project next door to its recently completed office tower on the Dallas North Tollway.

The 27-story building would contain 350 apartments on top of a 6-story garage, according to plans filed with Plano’s planning department.

 

There’s also a rooftop terrace for the residents and a dog park out back.

 

Architects Good Fulton & Farrell designed the high-rise.

 

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Steve Brown
February 24, 2016
 
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The 83-acre retail, apartment and office project is on U.S. Highway 380 just south of the huge Windsong Ranch community.

The latest designs filed with the City of Frisco show more than two dozen retail, restaurant apartment and commercial buildings on the property at FM 423 and U.S. 380.

 

There’s also a park with walking trails and a “restaurant green” with parking for food trucks.

“We are in discussions with anchor retail tenants – that’s the first thing,” a Rudman spokesman said. “We have people interested in the residential as well.”

 

The Frisco Crossing project is planned for as many as 750 apartments in two large buildings.
 
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Southlake City Council and Planning & Zoning held a joint work session Monday night. 

 
TD Ameritrade is proposing a regional finance campus in the Solana Business Park adjacent to Sabre's world headquarters.
 
Approximately 355,000sq of Class A office will be home to 1,400 employees. 
 
Watch the meeting here.
 
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Lincoln Property begins major Plano retail center on last empty Preston Road corner

Steve Brown
February 25, 2016
 
village121.jpg
 

The mixed-use project – called Village 121 – is going up on the last vacant corner of Preston Road and State Highway 121.

 

Lincoln Property has been working on the 80 acre project since before the recession.

Now Lincoln is building four retail buildings that are the first of almost a half million square feet of shopping and commercial space planned on the high-profile corner.

 

Plans for the rest of the property include more retail space, apartments and an office building. Architect Good Fulton & Farrell designed the development.

 

The shopping center is being built at an intersection that already has one of the highest concentrations of retail space in the country.
 
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KDC, Patronus Data Centers partner up on Frisco data center project

Candace Carlisle
February 24, 2016
 

Dallas-based development firm KDC and Patronus Data Centers have formed a joint venture to market and develop 35 acres of land in Frisco for build-to-suit data centers for companies.

 

"The Dallas-Fort Worth data center market enjoys some of the strongest demand in the country," said Ab Atkins, senior vice president and partner at KDC, in a statement. "Data center sites such as this, with the necessary critical infrastructure already in place, are difficult to find."

 

In July 2014, Frisco-based Patronus Data Centers acquired the tract on a high-profile site northwest of the Dallas North Tollway and Main Street in Frisco with 

plans to begin a $250 million data center development.

 
The tract sits adjacent to a 200-megawatt CoServ substation. In all, the development site could contain up to 500,000 square feet of data center space.
 
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Castle Hills developers buy adjoining Singer Ranch in Carrollton to expand the 19-year-old community

Steve Brown
March 1, 2016
 

Developers of the hugely successful Castle Hills community northwest of Dallas have purchased an adjoining property for a major expansion.

We will build a trail system through that portion of the property and tie it into the city of Carrollton’s trail system,” Bright said.

 

Almost 3,400 houses, a golf course and commercial development have been completed in the 2,600-acre Castle Hills project, which is located in Lewisville and Carrollton.

“That family has owned that property since 1860,” he said. “We are doing a joint venture with them that will give us another 400 to 500 lots north of Parker Road.”

 

More than 12,000 people now live in Castle Hills.

 
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