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Native Dallasite

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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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World's fourth-largest movie theater chain moves U.S. headquarters to Addison Korri Kezar July 6, 2016     Full Article

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Another look on Plano's Willow Bend $100MM expansion:   Plano's Shops at Willow Bend tears down Saks; restaurant row, office tower coming Maria Halkias August 31, 2016  

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Aerial of Frisco's Omni hotel at The Star:     Here's the article.

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Two new buildings join Quaker State, BMW in I-20 industrial park in Lancaster

Steve Brown
February 22, 2016
 
lancaster.jpg
 

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
 
legacytowercrow.jpg
(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
 
frisco380.jpg
 

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.
 
friscocrossing.jpg
 

 

 


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.
 
Screen%20Shot%202016-02-24%20at%209.36.2
 
Screen%20Shot%202016-02-24%20at%2011.54.
 
Screen%20Shot%202016-02-24%20at%2011.54.
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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.
 
village-121map.jpg
 
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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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More new tenants announced for Frisco’s Wade Park

Steve Brown
March 3, 2016
 
wade.jpg
The first phase of Frisco’s Wade Park development is set to open next year. (Thomas Land)


Developers of Frisco’s $1.6 billion Wade Park project have disclosed two new tenants.

 

Tyler’s has leased nearly 17,000 square feet of retail space for a store that sells athletic and lifestyle apparel, footwear, eyewear and accessories.

Wade Park has also signed a lease with Steak 48, a new eatery by Arizona restaurateurs Michael and Jeffrey Mastro.


Thomas has previously announced that Whole Foods Market, iPic Theaters and Pinstripes Bowling will locate in Wade Park.

 

Other retail and restaurant tenants include Sur La Table, Yard House, Bocce Bistro, The Rustic, Arhaus, Thirteen Pies, Steel City Pops, Torchy’s Tacos, Bread Zepplin; MiniLuxe and The Lash Lounge.


 
Wade Park’s first phase is planned for 600,000 square feet of restaurant and retail space.

 

A Hotel ZaZa and a Langham Hotels & Resorts hotel have also been annoced for Wade Park.

 

The first phase of the 175-acre Wade Park project is scheduled to open next year on the Dallas North Tollway.

 

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Three more office buildings on the drawing boards at Plano’s Granite Park project

Steve Brown

March 7, 2016

Granite-park-aerial.jpg

Developer Granite Properties has filed plans with the city of Plano for three more office buildings in its popular Granite Park business campus at the Dallas North Tollway and State Highway 121.

The largest of the buildings would be 18 stories with 500,000 square feet, according to the development plans.

A 12-story and a 6-story building are also planned along Parkwood Boulevard south of Highway 121.

In total the additions would add more than 1 million square feet of office space to the Granite Park development.

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Just when you thought Legacy West couldn't grow any larger:

J.C. Penney seeks approvals for big Plano office and retail complex at Legacy

Steve Brown

March 7, 2016

penneysite.jpg

J.C. Penney is seeking permission to build more than a half dozen office buildings and retail space surrounding its long-time Plano headquarters.

The zoning request ask for approvals to build the same kind of commercial development that’s underway next door at the $2 billion Legacy West complex. The campus could accommodate more than 1 million square feet of office and retail space with parking garages.

“What Penney is doing is carving up what was essentially a giant land bank,” said Barry Hand with architect Gensler, which has designed the Legacy West urban village mixed-use project under construction to the east of Penney’s property.

With construction of Legacy West, the area is now one of the fastest growing urban centers in the country.

More than 15,000 new jobs are on the way in that area.

The Penney development plan also includes about nine acres at the northwest corner of Legacy Drive and Communications Parkway where developer Fehmi Karahan plans to build a hotel tower, retail space and a new banking center for JP Morgan Chase.

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Medical giant McKesson bringing almost 1,000 new jobs to Irving in office consolidation
Steve Brown
March 10, 2016

mckessbuy.jpg

San Francisco-based McKesson – which distributes pharmaceuticals and medical products – is buying the former NEC Corp. of America office complex on State Highway 114 in Las Colinas.

McKesson will move 900 workers already in the Dallas-Fort Worth area to the property. And the company will create 975 additional jobs as part of the office move.

“After a thoughtful and thorough selection process, we’re excited to consolidate our Dallas-area offices into a new, state-of-the-art facility in Irving, Texas,” David Evangelista, McKesson senior vice president, said in a statement. “Investing in this new, modern work space will enable our associates to more effectively serve McKesson customers in the evolving health care industry.”

McKesson said it plans to invest $157 million in the new offices.

The two office buildings contain more than a half-million square feet of office space. McKesson is also buying adjacent land where it can expand with an additional building.

Full Article

From a DBJ article:

McKesson will immediately become the city's largest real estate deal in the last decade and will also become Irving's largest employers. In all, McKesson brings an estimated $4.7 billion total economic impact over the next decade.

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Richardson’s CityLine project lands new home community
Steve Brown
March 14, 2016

centrehome.jpg

Centre Living Homes and KDC plan to develop the 32-home community on CityLine Drive just east of Plano Road. The cluster of modern homes will be between the new CityLine Market shopping center and Raytheon Corp.’s new regional office campus.

The three-story homes will range in size from 2,750 to about 3,300 square feet.

“We already had some people asking about buying through word of mouth,” said Centre Living Homes president Trevor Brickman. “My niche is we hire good architects and do higher end, modern projects.

“The architecture was really important to KDC.”

The homes start at more than $550,000. He said the new Richardson project is set to start later this year.

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Verizon’s $1.5 billion Irving mixed-use development is poised to move ahead this week
Steve Brown 
March 16, 2016

ver1.jpg

A Las Colinas mixed-use project would add millions of square feet of office space, shopping, apartments and hotel rooms if Irving’s City Council approves the deal this week.

A commuter rail station built at the north end of the project on Hidden Ridge Drive will connect the development with Dallas/Fort Worth International Airport, Love Field and downtown Dallas.

Plans for the development include more than 3 million square feet of office space, 85,000 square feet of retail, a 150-room hotel and hundreds of new apartments.

The project will be constructed on vacant land across from Verizon’s longtime Irving campus. Part of the development site is the Carpenter family’s original ranch, which became the Las Colinas community.

“We want to see that tidal wave of development keep coming,” Danish said. “This project is ready made for success.”

verizon1.jpg

Construction of the new DART rail station is included in the initial development.

“It’s an affirmation how important our commitment to mass transit has been,” Danish said.

The Hidden Ridge station was one of three deferred transit stops DART could still build in Irving, he said.

“We are taking what was built as a very exurban campus and working with them to build in a neighborhood center and amenities for what will be sites for several headquarters properties,” said Gensler’s Barry Hand.

KDC is talking to several potential companies that could relocate to planned office buildings in the Hidden Ridge campus.

One of the firms interested in the development is Pioneer Natural Resources, an energy firm that is already located in Las Colinas.

Pioneer now leases about 600,000 square feet in the Williams Square high-rise complex on O’Connor Boulevard.

ver3.jpg

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Pegasus Foods plans $10M Rockwall plant, creating 325 jobs
Bill Hethcock
March 14, 2016

Los Angeles-based Pegasus will build an 80,000-square-foot manufacturing facility. The project is expected to create 325 jobs and a $10 million investment, Abbott said at a Monday news conference in Austin.

“Once again, a California company has decided there is no better place to grow and operate a business than the Lone Star State,” Abbott said.

Pegasus Foods is one of many corporations moving employees to North Texas. Toyota, Liberty Mutual, Kubota, JP Morgan Chase, State Farm, Farmer Brothers and Raytheon have all announced major moves or expansions in North Texas.

The company started in in 1998. It produces frozen foods and other products and lists among its customers Trader Joe’s, Chili’s, Panda Express, Cinnabon and Walmart.

“We manufacture food,” Zaferi said. “We make food for restaurants and for supermarkets, and our product is hitting all 50 states.”

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New warehouse park will bring eight buildings on I-20 in Arlington
Steve Brown 
March 15, 2016

Park-20.360-1.jpg

Ridge Development and Invesco Real Estate will begin construction in the next quarter on the 119-acre business project at the northwest corner of I-20 and State Highway 360.

The 1.6 million-square foot Park 20/360 will have a series of speculative warehouse buildings.

The first phase will be four buildings with almost 1.3 million square feet. The first buildings are scheduled to open in early 2017.

The project is one of the largest new warehouse complexes under construction along I—20, which had more than 6 million square feet of projects being built in corridor at the end of 2015.

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Another data center project set to start in Plano’s Legacy business park
Steve Brown
March 16, 2016

skybox.jpg

Skybox Datacenters says it will build a 21-acre project in Plano’s Legacy business park.

Called Skybox Legacy, the project will start with a 150,000-square-foot building that will open in October.

Located at Communications and Tennyson parkways, the project is planned for an expansion of up to 350,000 square feet.

Construction on the new Plano project is scheduled to start on March 29.

Other new data centers in Plano are being developed by Equinix, Stream Data Centers and Aligned Data Centers.

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Tanger Factory Outlet to be built next to Texas Motor Speedway in Fort Worth
Maria Halkias
March 16, 2016

3-Tanger-Outlets-Champions-Circle-Site-P

Quote

Tanger Factory Outlet Centers plans to build a 350,000-square-foot shopping center in Fort Worth next to Texas Motor Speedway.

The Tanger center is part of the 279-acre mixed-use project called Champions Circle being developed by Fine Line Diversified Development. The company didn’t provide an opening date or say when construction will begin.

 

Quote

The shopping center is expected to employ 400 full-time and part-time workers during the construction phase. More than 900 jobs are expected to be created after the center opens.

 

 

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The development is 18 miles north of downtown Fort Worth at the intersection of Interstate 35W and State Highway 114.

 

 

Quote

The development will have more retail space. The Champions Shopping Center will have an additional 540,000-square-foot of space for free-standing stores and restaurants.

 

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Ethos Group leases all of office space in new Irving Music Factory project
Steve Brown
March 21, 2016

musicfactory.jpg

Developers of a mixed-use entertainment complex that’s under construction in Las Colinas said they have leased all the office space in the project to a single tenant.

ARK Group – which is building the Music Factory complex on State Highway 114 near Northwest Highway – said that Irving-based Ethos Group has leased 100,000 square feet in the office building portion of its development.

The company plans to move into the Music Factory office building late next year.

“Our primary motivation for leasing was to be in an environment that would allow our associates, clients and visitors to walk to entertainment venues.”

Scheduled to open next year, the Music Factory includes an eight-screen Alamo Drafthouse Cinema, 8,000-seat Live Nation indoor/outdoor concert hall, other entertainment venues, restaurants and specialty eateries.

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New Plano rental community near downtown will include artist lofts
Steve Brown
March 21, 2016

planomap.jpg

The 224-unit development planned for a vacant block will provide affordable workforce housing in one of North Texas’ fastest growing communities.

“It will be a mixed-income community, and a little over half of it will be affordable based on what the resident makes,” said Jean Brown with the Plano Housing Corp., which is developing the 5.6-acre project. “It will be a transit-oriented development – it’s less than half a mile from the 15th Street DART station.”

The Plano Housing Corp. is working on a second development a few blocks away near City Hall.

“We will be doing 21 townhouses that are for sale, with seven for low- and moderate-income residents,” Brown said.

planoplan.jpg

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17 hours ago, Sic'EmBears said:

It appears a new 11 story, 318-room Embassy Suites will begin construction in the Rayzor Ranch development.

Construction is expected to begin April 11, 2016 and commence May 31, 2017.

The hotel will be 217' tall.

View map here

217' tall for that building seems highly unlikely

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36 minutes ago, Sic'EmBears said:

That was my initial reaction. 

Either the FAA requested height was for the tower crane or a typographical error.

I've noticed that sometimes developers get FAA permits for taller than the structure is intended to be.  Crescent did that with their new building in Uptown Dallas, IIRC.

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Houston contractor expanding to North Texas with major project near I-20
Steve Brown
March 29, 2016

Park-20-Distribution-Center.jpeg

Quote

A Houston general contractor that’s expanding operations in North Texas has broken ground on a Lancaster industrial project.

Quote

The 468,000-square-foot distribution center is the latest project Colorado-based Huntington Industrial Partners is doing in the Dallas-Fort Worth area.

Quote

“I saw no better location than Dallas,” CEO Michael G. Scheurich said. “There are many common core relationships within the major Texas cities.”

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Plano’s Granite Park campus will start sixth tower as major employers land next door in Legacy
Steve Brown
March 30, 2016

Granite-park-aerial.jpg

 

Quote

Granite Properties is about to build even more.

In the next 90 days the developer will break ground for its sixth office tower at Granite Park.

The 10-story, 330,000-square-foot building will house regional offices for mortgage giant Fannie Mae.

And Granite is crafting designs for two more office high-rises — including a 20-story tower fronting on S.H. 121.

“We started out here with one building and now we have a small city,” Fuller said.

Quote

Granite Properties has just started construction on a 29,000-square-foot shopping center that fronts on S.H. 121.

“We have 11 restaurants in total planned for Granite Park,” Fuller said. “All the retail we built has been designed around servicing our office tenants — the same for the hotel.

Quote

The Fannie Mae tower on Granite Parkway will open in October of next year.

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Today's second ~300 room hotel proposal:

15-story Hyatt Regency hotel connected to Stonebriar Centre mall proposed in Frisco
Valerie Wigglesworth
April 4, 2016

mall-map.jpg

 

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A proposal is in the works to build a Hyatt Regency hotel that connects to the mall. The hotel, which would be a minimum of 15 stories and 295 rooms, would also include a city-owned conference center and a small space for the city’s public library.

The hotel is being proposed by the Dallas-based Sam Moon Group, which owns the Sam Moon Trading Co. and has recently branched into the hotel business. SMG has formed Moon Stonebriar Hotel Ltd. to acquire a portion of land from General Growth Properties for the hotel project.

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The project is proposed to be built on the mall’s northwest side between Dillard’s and Nordstrom.

Quote

The proposal also calls for 3,000 square feet on the hotel’s first floor to be available for a library that would connect to the mall. The space would be leased by the city for $1 a year for 20 years.

Quote

Frisco has 13 hotels now and three more under construction. Several others are in the planning stages.

“We’re figuring that probably in the next two years, we will at least double our hotel inventory,” Roe said.

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Shaddock development arm buys acreage on Frisco's Brinkmann Ranch for 500-home community
Candace Carlisle
April 4, 2016

 

Quote

"We are developing the last phase of a seven-phase development in Frisco that has been very successful and this will be a continuation of that," he added.

Quote

Construction on home lots are slated to get underway this summer, with lots being delivered to builders by fall 2017. The builder's include Village Homes, Shaddock Homes and Darling Homes.

The new single-family homes are expected to range in price from the $400,000s to upwards of $1.2 million.

Quote

"We very much like the Independence Parkway market," Shaddock told me. "It's two minutes north of State Highway 121 and there are a number of large, brand-new schools within walking distance of the property.

"There's also a prestige to being part of the Brinkmann Ranch property," he added.

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Allen residential project will add almost 200 homes
Steve Brown
April 5, 2016

farm.jpg

 

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Allen’s city council has approved plans for a new residential community west of U.S. Highway 75 that will add almost 200 homes. 

The new Montgomery Farm Estates will be more than 85 acres south of Bethany Drive.

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There will be about 10 acres of open space.

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Homes in the Montgomery Farms neighborhoods are priced at more than $500,000.

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2-building office project set for the tollway in Addison
Steve Brown
April 6, 2016

cawley.png

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With his current development 80 percent leased, developer Bill Cawley is gearing up for a 2-building office project on the Dallas North Tollway in Addison.

Cawley Partners is marketing the 400,000-square-foot office project at 14555 Dallas Parkway south of Belt Line Road.

The development site on the west side of the tollway is just south of where Cawley is currently building its 6-story Tollway Center building.

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Because of strong demand for office space in that area, Cawley has almost doubled the size of his next project from original plans.

“We are looking for a lead tenant to kick off the project, and once we start it will probably 18 months before the doors open,” Cawley said.

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Florida company says it’s bringing world class water resort project to Rowlett
Steve Brown
April 6, 2016

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A Florida company plans to build an 8-acre water resort in Rowlett that will have the largest fountain in Texas.

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The company said it plans to construct one at the proposed Bayside development on Lake Ray Hubbard that will be “25 times the size of an Olympic swimming pool and equivalent to 10 football fields of water.”

“The Crystal Lagoon will be surrounded by a world class resort and marina, two condominium towers, luxury apartments, single family homes and more than 1 million square feet of mixed use retail/entertainment/restaurant/office space,” the company said Wednesday.

Construction is scheduled to start late this month on the water feature which is a centerpiece of the proposed $1 billion Bayside project.

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Along with the high-tech fountain displays and beach swimming resort, the Crystal Lagoon project will include live water and fire entertainment shows and “a state-of-the art water mist screen for interactive video.”

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Rowlett project will be Crystal Lagoon’s 12th in the U.S. The company had worked on more than 300 projects worldwide, including locations in Mexico, Chile, Egypt, India, Argentina and Dubai.

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The 257-acre project is planned on the site of the former Elgin B. Robertson Park. Donahue  and the City of Rowlett acquired the property for a mixed-use development.

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New FedEx hub lands on site of landmark Big Town mall in Mesquite
Steve Brown
April 20, 2016

 

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A Mesquite property with a storied past will be the site of a major new distribution hub.

 

FedEx will locate a large regional distribution center on the former site of the Big Town shopping center on U.S. Highway 80 near Buckner Boulevard.

 

The development tract was previously the site of the Dallas-area’s first shopping mall, which opened in 1959.

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Dallas-based developer Scott Rohrman’s 42 Real Estate LLC is building the 334,000-square-foot shipping hub for FedEx.

 

“It will take up most of the site,” Rohrman said. “We’ll have the building finished by December.

 

“But they are installing an automated sorting facility which will take six months or longer to get running,” he said. “FedEx probably won’t start operations until September of next year.”

 

FedEx chose the site because of its location at the intersection of Interstate-30 and U.S. 80 which is also close to LBJ Freeway

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The first enclosed shopping center of its kind in the state, Big Town originally had Sanger Bros., Montgomery Ward and JC Penney department stores.

 

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Site plans for Grapevine's Gaylord Texan expansion emerge
Sherelle Black 
April 20, 2016

 

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Site plans for Grapevine’s Gaylord Texan Resort and Convention Center $120 million expansion were approved at the April 19 joint Grapevine City Council and Planning and Zoning Commission meeting.

 

Plans include the construction of a nine-story guest tower comprising 303 rooms and 90,500-square-foot ballroom and conference center space, which will be constructed in an area between the existing north parking garage and the hotel.

 

The new tower is currently being utilized as a valet parking lot that contains 210 parking spaces that will be eliminated once construction begins on the expansion project.

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Gaylord officials said once the expansion is complete, Gaylord Texan will become the second largest convention center hotel not attached to a casino in the United States as measured by total self-contained exhibit and meeting space.

 

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Surf’s up! Groundbreaking next week for lakeside Crystal Lagoon project on Lake Ray Hubbard
Steve Brown
April 21, 2016

 

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Developers of the $1 billion Bayside project say they will break ground next week on the mixed-use development on Lake Ray Hubbard.

The centerpiece of the 257-acre Rowlett development is an 8-acre water resort that will stretch along the lakeshore.

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Groundbreaking for the project is scheduled for next Tuesday.

 

Along with the lagoon, Bayside is planned to include two condominium towers, luxury apartments, single-family homes and more than 1 million square feet of mixed-use retail, entertainment, restaurant and office space.

 

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Construction kicks off on new Irving industrial park
Steve Brown
April 22, 2016

 

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Developer Jackson-Shaw plans to build a new 50-acre industrial park in Irving.

 

Called Parc GSW, the industrial park will be on State Highway 161 and will start opening late this year.

 

The 2-building development will contain 682,491 square feet of space.

 

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Indiana developer plans fourth North Texas project in Allen
Steve Brown
April 25, 2016

 

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An Indiana-based office developer that’s expanding its operations in Texas has purchased land in Allen for a new project.

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The company said Monday that it purchased 3.3 acres on Watters Road near North Central Expressway in Allen for its latest project.

 

The 2-story, 35,070-square-foot building will have 145 office suites, co-working areas, conference rooms, casual meeting areas, a lobby and reception area and a café.

 

Construction is scheduled to begin in July.

 

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2,000-home community being built on site of former Folsom family horse farm in Collin County
Steve Brown
April 25, 2016

 

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The 682-acre Mustang Ranch community under construction northeast of Prosper is on the site of former Dallas mayor Robert Folsom’s thoroughbred horse farm.

 

Developers are turning the one-time family farm into a residential community called Mustang Lakes with nine lakes, over 60 acres of open space and 10 miles of trails.

 

“We hope to deliver the first home lots to builders in June if it will quit raining,” said Matt Alexander, vice president of development with Cambridge Cos.

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As part of the new community, the Folsom family’s ranch house on the property will be repurposed as a community center.

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“The decision was made to keep the house for the history value and because of all the trees surrounding it. “We are expanding it to about 12,000 square feet overlooking a 5 to 6 acre lake.

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He said the developers have preserved large trees the Folsoms planted on the farm.

 

“We’ve moved 22 live oak trees between 17 and 22 inches in diameter,” Alexander said.

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“We think the prices will be starting in the $300,000s,” Alexander said. “We have some one-acre lots we think will be for homes around a million dollars.”

 

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New Legacy West condo tower in Plano is 80 percent sold
Steve Brown
April 25, 2016

 

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The building is planned to have about 90 luxury residential units starting at more than $700,000 for the smallest unit.

 

The first residential tower in Plano, the Legacy West condo project is right next door to Liberty Mutual Insurance’s new high-rise complex and across the street from the Legacy West urban village.

 

“Directly across the street, our residents will have the finest dining, shopping, and entertainment options,” project developer Jim Duggan said in a statement.

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Construction is set to begin this summer. A marketing center for the project opens next month.

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Windrose Tower is one of two residential high-rises planned in the $3.2 billion Legacy West project.

Dallas-based developer Palladium USA International is building a 30-story, 312-apartment tower in the same area, just south of S.H. 121.

 

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Developer starting 4-building industrial project north of D/FW Airport
Steve Brown
April 27, 2016

 

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With Dallas-Fort Worth in the lead as the top industrial building market in the country, developers are ramping up efforts to add more space.

 

Illinois-based ML Realty Partners LLC plans to build four warehouses in its Park West Crossing business park, which is north of Dallas/Fort Worth International Airport.

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The next phase of development will add buildings ranging in size from more than 60,000 to more than 90,000 square feet.

 

“We hope to deliver all four buildings by the end of the year,” Smith said. “We should be breaking ground next week.”

 

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Luxury hotel tower on the way for Craig Hall’s Frisco office park
Steve Brown
April 29, 2016

 

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The developer just got approval from Frisco’s planning and zoning commission to build a high-rise hotel at the entrance to Hall Office Park at the tollway and Gaylord Parkway.

 

It’s south of where the huge Dallas Cowboys complex is being built.

 

The 10-story, 170-room hotel will be one of Hilton’s high-end Curio hotels, according to details provided to Frisco city planners.

 

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The Hall Office Park Curio hotel will be more than 122,000 square feet and planned for one of the last large vacant tracts in the business campus.

 

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The 20-year-old business campus on the Dallas North Tollway is Frisco’s largest office district with more than 2 million square feet.

 

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Hall Office Park’s new hotel will be at the northeast corner of the tollway and Gaylord Parkway. (City of Frisco)

 

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Wade Park update:

 

https://vimeo.com/161041695

 

The Star update:

 

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Construction at the Star in Frisco includes the new Dallas Cowboys world headquarters (foreground) and The Ford Center at The Star indoor stadium. (Photos by G.J. McCarthy/Staff Photographer)

 

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This building will serve as the Cowboys’ new headquarters. (G.J. McCarthy/Staff Photographer)

 

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The Star at Frisco’s outdoor practice fields (right) sit in a corner formed by the Cowboys headquarters building and The Ford Center indoor stadium.

 

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The front of The Ford Center at The Star, the development’s indoor stadium, will feature a huge video screen and a 50-yard turf area where kids can play. To the right of the plaza is the Omni Frisco Hotel. On the left is the building that will house the Cowboys Fit, the Dallas Cheerleaders headquarters and an apparel store.

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Big movie theater project moving ahead at Richardson’s CityLine project
Steve Brown
May 2, 2016

 

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Developers of Richardson’s $1.5 billion CityLine project are pushing ahead with plans to add a multiscreen cinema complex.

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The planned LOOK Cinema will be next door to State Farm Insurance’s fourth, 17-story office tower, which is winding up construction.

 

Along with building the cinema, KDC is asking Richardson city planners for approval to build temporary surface parking that would serve the new theater.

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The CityLine theater and parking would be built just south of the Bush Turnpike in what is called CityLine East. KDC also plans 500 apartments and more than 20,000 square feet of retail space at CityLine East.

 

The CityLine Market shopping center in that area is already fully leased. And plans have been approved for a 32-home community of single-family houses next door to the retail center.

 

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The cinema complex and temporary parking lots would occupy three tracts just south of the Bush Turnpike. (City of Richardson)

 

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Scheels sporting goods superstore joining Nebraska Furniture Mart in Texas
Maria Halkias
May 4, 2016

 

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Scheels, a Fargo, N.D.-based chain of 27 sporting goods superstores in 12 states, is coming to Texas.

 

The store will be 300,000 square-feet, or about 12 times the size of a traditional sporting goods big box stores such as Dick’s and Academy.

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The store won’t open until 2020, but the announcement is a big catch for the $1.5 billion Grandscape development on Highway 121 in The Colony with so many competing projects in the works nearby including the Dallas Cowboys Star project in Frisco and Legacy West under construction around the site of the new Toyota headquarters in Plano.

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CEO Steve M. Scheel said the company has been scoping out Texas for 10 years. The store will be its biggest Scheels, he said. Construction will begin in 2018.

 

Warren Buffett, CEO of Berkshire Hathaway, which owns Nebraska Furniture Mart and Grandscape, said he’s “very excited to have Scheels” in the project.

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“The Scheels experience will bring millions of visitors to Grandscape furthering our vision of making this development one of the best in the United States.”

 

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