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Hillwood Communities buys tracts in Collin, Denton counties for 1,000 homes
Candace Carlisle 
August 24, 2016

 

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Dallas-based master-planned community developer — Hillwood Communities — has closed on six tracts of land totaling 345 acres that will add more than 1,000 new home lots to two existing communities in Collin and Denton counties.

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Terms of the land deal were undisclosed. Dallas-based Davidson Bogel Real Estate represented Hillwood Communities in the acquisitions.

 

The firm bought about 285 acres in two deals in Little Elm, which will expand the Union Park master-planned development by 817 homes. In all, Union Park will total 3,200 homes at build out.

 

Hillwood Communities also purchased about 60 acres of land in four deals in Melissa, which will expand its Liberty community by another 200 homes. In all, Liberty will have 1,500 homes at build out.

 

 

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Scott Beck's Trophy Club development gets underway
Candace Carlisle
September 7, 2016

 

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Dallas developer Scott Beck has begun site work on a mixed-use development he calls the "crown jewel" of Trophy Club Town Center, which will bring a new hotel, luxury apartments, office building, townhomes and retail space to the small North Texas town.

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Beck is working alongside other development partners of the Trophy Club hub, which includes Plano-based Green Brick Partners (developing 39 townhomes), North American Properties (a 250-unit luxury apartment community), and a 110-room Hyatt Place hotel by Kriya Hotels.

 

The mixed-use development also includes a six-story, 75,000-square-foot office building being marketed by Dallas-based Stream Realty Partners on behalf of Beck Ventures.

 

The Weitzman Group's Gretchen Miller, Daniel Morales and Eric Vickers are marketing and leasing about 65,000 square feet of retail space for the developer.

 

In all, the construction will bring more than $100 million of new real estate to Trophy Club.

 

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Gaylord Texan to break ground on $120M expansion
Korri Kezar
September 7, 2016

 

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Grapevine’s Gaylord Texan Resort will unveil plans and break ground tomorrow on a $120 million expansion project.

 

Expected to be complete in 2019, the construction will add more than 300 new guest rooms and 86,000 square feet of meeting space, bringing the hotel’s total to 1,811 guest rooms and 490,000 square feet of meeting space.

 

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The project, first announced in January, will make the Gaylord the nation’s second-largest non-gaming convention center hotel when measured by total self-contained exhibit and meeting space.

 

It will also bump the hotel, currently the region’s third-largest, to North Texas’ second-largest lodging when measured by number of guest rooms. It will trail only the Sheraton Dallas Hotel, which has 1,840 rooms.

 

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The cost of the project is estimated at $383,000 per key.

 

An annual $1 million hotel occupancy tax rebate over the next 10 years, for a total of $10 million in incentives, is also being extended by the city of Grapevine.

 

 

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Office project One Bethany is on the way near U.S. 75 in Allen
Steve Brown
September 16, 2016

 

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Developers plan to break ground before the end of the year on a speculative office project in Allen.

 

The 5-story One Bethany building in the Millennium Office Park will have 115,000 square feet and will be just west of U.S. Highway 75 on Bethany Drive.

 

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The building is scheduled to open in 2018.

 

It's in the same area where the City of Allen plans to break ground during the next few months on a $91 million hotel and conference center.

 

The more than 100,000-square-foot conference center at U.S. 75 and Bethany Drive will be connected to a 5-story, 292 room hotel.

 

 

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More on the Rangers' Texas Live plans, including Rangers Republic, Live! Arena, and Arlington Backyard (lol) 

 

 

Even though it's a placeholder rendering, this seems to indicate the Rangers may be teasing a partial EFTE portion on the retractable roof (i.e. US Bank Stadium). With homeplate at new site likely to face due NE, the covered portion of roof would shade field from the sun, while the partial EFTE side would allow natural light in without impacting outfielders.

 

Still, suburban ballparks suck.

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First $250M inning of Texas Rangers-anchored development to start soon
Candace Carlisle
September 20, 2016

 

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The Texas Rangers and The Cordish Cos., a Baltimore-based development firm, plans to begin the initial $250 million phase of Texas Live!, a mixed-use development between Texas Rangers' Globe Life Park and the Dallas Cowboys' AT&T Stadium in Arlington.

 

In all, the $250 million initial phase of Texas Live! is part of a $4 billion public-private partnership vision of Arlington's stadium district, which includes additional phases of the project, a new Rangers Ballpark and the preservation and re-purposing of Globe Life Park.

 

"It is the Rangers' intent to preserve the beautiful exterior facade of Globe Life Park," said Rangers' co-chairman Ray Davis, in a statement.

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The partnership plans to preserve the facade of Globe Life Park and could develop it into an entertainment, retail, office and festival site.

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Construction on Texas Live! is slated to begin in November. In all, Texas Live! is expected to bring more than 3,000 new jobs and 3 million new visitors to Arlington when it opens in 2018.

 

The entertainment portion of the project is expected to open in spring 2018 before Rangers' opening day and the hotel and convention facility is expected to open in fall 2018.

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Other parts of the mixed-use development include:

 

  • Rangers Republic: The two-level, 30,000-square-foot dining and entertainment facility will be the ultimate fan clubhouse for Rangers fans throughout the year. The clubhouse will have memorabilia, team history and interactive games for families
  • Live! Arena: The multi-level, central gathering place at Texas Live! will have more than 35,000 square feet of dining and entertainment and will be the living room of the entire development. The venue includes an outdoor beer venue with a two-story retractable facade, performance stage for concerts and a 100' LED screen as a centerpiece.
  • Arlington Backyard: An outdoor event pavilion with a capacity for 5,000 people that will be covered by a permanent roof and will have the ability to host more than 250 annual events. The yard has the ability to expand to entertain 7,000 fans.

 

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Allen lands new data center project that will open next year
Steve Brown
September 20, 2016

 

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One of the country's largest data center companies has picked Allen for a major expansion. 

 

St. Louis-based TierPoint LLC is spending more than $20 million on the first phase of its Allen project located on the west side of U.S. Highway 75 near Stacy Road.

 

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TierPoint intends to begin work immediately on the first 16,000-square-foot phase of the poject in order to get it up and running by next spring, said Chris Parsons, TierPoint's Regional Vice President. 

 

"We see companies moving northward in the Dallas markets," Parsons said. "Organizations want to be close to their data. 

 

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"Our data center is filling up here in Dallas," he said. "We are seeing more demand for service in this market." 

 

TierPoint is partnering with Compass Data Centers to build the Allen project, which is designed to grow over time to 90,000 square feet.

 

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"Allen is a high-tech community in the rapidly growing U.S .75/State Highway 121 corridor, offering easy access from all points in North Texas and close proximity to the IT workforce, rapidly expanding population, and business growth in the area."

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During the next year more than 730,000 square feet of new data center projects are scheduled to open in the area.

 

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Ikea breaks ground on its fourth Texas location, second D/FW location this October.

 

Furniture giant Ikea hires McKinney firm to construct its 2nd DFW store
Candace Carlisle
September 22, 2016

 

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A North Texas general contractor has been hired by Sweden-based retail giant Ikea to build its second Dallas-Fort Worth store in Grand Prairie, with a groundbreaking on the site expected next month.

 

McKinney-based MYCON General Contractors was recently hired to build the 290,000-square-foot retail store on 30 acres of land along State Highway 161 and Mayfield Road (north of I-20), which is expected to open to customers in fall 2017.

 

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In the new Grand Prairie store, Ikea will feature nearly 10,000 items, 50 inspirational room settings and three model home interiors, a 450-seat restaurant and a supervised children's play area. In all, Ikea plans to add more than 300 coworkers when the store opens.

 

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Hilton's newest brand builds first DFW location in Garland
Korri Kezar
September 23, 2016

 

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Hilton Worldwide’s newest brand is building its first North Texas location in Garland.

 

Tru by Hilton broke ground on a 91-room hotel last week at 5055 N. President George Bush Turnpike. The event was among 10 groundbreakings Tru plans to hold across the country throughout September, with plans to construct locations in Pennsylvania, Mississippi, Alabama, Iowa, Virginia and South Carolina. 

 

Another Texas unit broke ground Tuesday in San Antonio.

 

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And though he declined to name specific locations, he said the company is looking at other sites in the Dallas-Fort Worth area for additional Tru hotels.

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While an exact opening date has not been set, the Garland location is jockeying to be one of the first Tru hotels to open. McLaughlin expects it to launch by early- to mid-2017.

 

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Construction begins in Frisco’s $700 million Gate development
Steve Brown
October 6, 2016

 

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San Antonio-based developer Embrey Partners will build a 350-unit apartment community in the mixed-use project on the Dallas North Tollway.

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The project has been in the works for more than two years. Proposed developments for The Gate include almost 20 buildings ranging in height from about three stories to more than 10 floors.

 

The development is envisioned to include more than 650,000 square feet of office space, almost 1 million square feet of residential buildings, more than 130,000 square feet of retail space plus a luxury hotel.

 

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Embrey Partners' Gate apartments are scheduled to open in summer 2018.

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"The Gate will certainly mark another corporate milestone for us," said. "We see The Gate development as a destination that will pull huge traffic from all over the Dallas Metroplex."

 

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Uptown Dallas project developer heads to Frisco with new apartments
Steve Brown
October 11, 2016

 

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Stoneleigh Cos. has broken ground on Waterford at Frisco, a 381-unit apartment community north of Main Street market near Toyota Stadium.

 

The 4-story rental community will include 9,000 square feet of retail and restaurant space. The project has community lounges, fitness centers with private workout studios, game and activity rooms, two courtyard pools and outdoor TV and grilling pavilions.

 

"Frisco, Texas is one of the fastest growing and most sought after suburbs of the north Dallas area," Rick Cavenaugh, President of Stoneleigh, said in a statement. He said the project is well located with its "proximity to Legacy West and its burgeoning employment growth."

 

 

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Construction kicks off on $1.5 billion Frisco Station project
Steve Brown
October 18, 2016

 

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"We are doing office first and starting a multi-family project in a few weeks," said Ross Perot Jr., whose Hillwood real estate firm is a partner in the project. 

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"We'll be breaking ground on a regular basis."

 

Frisco Station is planned for 5.5 million square feet of offices, 2,400 apartments, 300,000 square feet of retail, restaurant and entertainment space 650 hotel rooms.

 

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The first 228,000-square-foot office building will open next August and is just across the street from the Cowboy's The Star office, sports, retail and hotel complex.

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It's the first of five office buildings planned on the north side of Warren Parkway.

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And Meyer said Frisco Station's developers are already planning another building if leasing on the first phase takes off.

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"The first 300 units of urban living units start next month," Berry said. "And we'll start three hotels after the first of the year.

 

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Drug firm to add more than 1,000 jobs with new $113M Carrollton campus
Candace Carlisle
October 19, 2016

 

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AmerisourceBergen Specialty Group has decided to consolidate its North Texas workforce within a new $113 million, 40-acre campus in Carrollton, which will also make room for the company to add more than 1,000 employees.

 

The Pennsylvania-based wholesale drug company had been looking for a new regional home for several months until it found a new home at the Offices at Austin Ranch at Parker Road and Plano Parkway in Carrollton.

 

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“This will grow their workforce by a third,” Roy told me. “They will initially bring 1,184 employees to the new facility in 2019 with another 800 employees coming in a second wave in the next two to three years.

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Carrollton expects AmerisourceBergen will employ up to 3,023 workers and the city’s economic development group plans to offer the firm up to $1.9 million in grant money for the workers.

 

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Texas Scottish Rite Hospital unveils new Frisco 40-acre campus
Candace Carlisle
October 19, 2016

 

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Texas Scottish Rite Hospital for Children began work on its new Frisco campus with a ceremonial groundbreaking on Wednesday, which will bring a new five-story, 345,000-square-foot ambulatory care facility to North Texas.

 

The new facility will be located within 10 acres of a 40-acre tract at the northeast corner of Lebanon Road and the Dallas North Tollway.

 

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The new facility will include a movement science center, occupational therapy center, playing fields, a running and walking trail and a playground park for patients and the community.

 

The ambulatory care facility is slated to open in fall 2018. Dallas-based HKS Inc. is the project architect. The Beck Group of Dallas is the general contractor.

 

 

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Frisco's economic development arm to build new $300M, 216-acre business park
Candace Carlisle
October 27, 2016

 

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The 216-acre business park, called Frisco Park 25, at the northwest corner of Preston Road and Rockhill Parkway (less than a half-mile away from the Dallas North Tollway) is zoned for industrial and office real estate.

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At build out, Frisco EDC expects to have 2.2 million square feet of real estate valued at more than $300 million. Gandy said the economic development agency plans to sell portions of the park off to companies wanting to purchase and own their own real estate.

 

"This allows us to better control the design and development happening in the park," he added.

 

Plans for the park will include a greenbelt and a detention pond. The park will be marketed to corporate and regional headquarters, among other manufacturing, distribution and showroom operations.

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Construction on the roads and utilities into the project are expected to start soon, with the initial phase of buildings getting underway in 2018.

 

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Can Plano campus become 'urban village'? Project would include retail, hotel, apartments
Steve Brown
November 7, 2016

 

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California developers who are spending more than $100 million to revamp the former Texas Instruments campus in Plano plan to bring new housing, retail and hotel space to the project.

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As part of the Legacy Central reboot, Trammell Crow Residential would build 750 apartments in two five-story buildings, plans for the project show.

 

A six-story boutique hotel in the project on the west side of U.S. 75 will contain 125 to 175 rooms.

 

Also, 40,000 to 50,000 square feet of specialty retail and restaurants — including a food hall — will be added in more than a half-dozen buildings on the campus.

 

There are also plans for a 25,000-square-foot fitness center with a large swimming pool.

 

And there will be a large conference center.

 

 

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