Native Dallasite

No, One Uptown has not shrunk in size. Nor has it's incredible design changed from when it was announced. That's a phenomenon happening in Houston. This project in downtown Houston keeps shrinking ... and shrinking .... what a cute shrinking little hotel! First the dramatic change in its design from world class to whatever and now yet another downsizing in its floor count from 25 to 21 to now 20: Expectations Lowered Another Notch for Rising Hotel Alessandra’s Floor Count Houston Swamplot, 02-24-16, 10:33am: http://swamplot.com/expectations-lowered-another-notch-for-rising-hotel-alessandras-floor-count/2016-02-24/

This video is a year old but is still pretty good: Downtown Dallas: Forward Momentum

^^^^^^^ 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: http://bizbeatblog.dallasnews.com/2016/02/no-bubble-in-d-fw-home-prices-zillow-senior-economist-says.html/-------------------------------------------------------------------------------------------------DFW industrial construction at record high with very low vacancy rate and booming demand, 02-11-16: http://www.dallasnews.com/business/columnists/steve-brown/20160211-dallas-fort-worth-sees-wave-of-new-warehouses.ece -------------------------------------------------------------------------------------------------DFW home sales jumped year-over-year 20 % in January 2016 and 21% in December 2015, 02-08-16: http://bizbeatblog.dallasnews.com/2016/02/north-texas-home-sales-jumped-20-percent-in-january.html/-------------------------------------------------------------------------------------------------DFW # 2 in nation in 2015 with largest commercial building gains, Houston drops to 9th, 02-04-16: http://bizbeatblog.dallasnews.com/2016/02/new-york-d-fw-had-largest-commercial-building-gains-in-2015.html/ -------------------------------------------------------------------------------------------------4 reasons Dallas is the market to beat in 2016, 02-04-16: https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/4-things-you-need-to-know-about-the-dallas-market-in-2016-55018?rt=6193-------------------------------------------------------------------------------------------------Hiring ramped up in Dallas in 2015 despite oil slowdown, 02-04-16: http://bizbeatblog.dallasnews.com/2016/02/help-wanted-despite-oil-industry-woes-hiring-ramped-up-in-north-texas-in-2015.html/ -------------------------------------------------------------------------------------------------DFW new home market still doing exceptionally well despite oil and gas downturn, 02-04-16: http://bizbeatblog.dallasnews.com/2016/02/oil-and-stock-declines-so-far-arent-roiling-d-fw-new-home-market.html/ -------------------------------------------------------------------------------------------------DFW # 3 in nation for most jobs created in 2015, 02-03-16: http://bizbeatblog.dallasnews.com/2016/02/d-fw-lands-in-the-number-three-spot-for-2015-u-s-job-gains.html/ -------------------------------------------------------------------------------------------------Dallas keeps # 1 ranking for small business job creation 16 months in a row, 02-02-16: http://bizbeatblog.dallasnews.com/2016/02/texas-cedes-no-1-spot-in-paychex-small-biz-job-report-but-dallas-still-top-among-u-s-cities.html/ -------------------------------------------------------------------------------------------------Exxon-Mobil profit falls 57% but oil giant avoids losses (unlike other oil giants losing billions), 02-02-16: http://fuelfix.com/blog/2016/02/02/exxon-mobil-profits-fall-57-percent-but-oil-giant-avoids-losses/#34195101=0 -------------------------------------------------------------------------------------------------DFW tops Texas in 4Q15 home sales, 02-01-16: http://bizbeatblog.dallasnews.com/2016/02/d-fw-tops-texas-in-4th-quarter-home-sales.html/ -------------------------------------------------------------------------------------------------Dallas # 2 in nation for absorption of data center space in 2015, explosive economic growth in Dallas creating demand, 01-28-15: https://www.bisnow.com/dallas-ft-worth/news/data-center-bisnow-national/data-centers-could-see-record-development-in-16-55150 -------------------------------------------------------------------------------------------------Eight projects changing Elm Street, 01-28-16: https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/seven-big-deals-along-elm-street-55147-------------------------------------------------------------------------------------------------Where are millennials flocking?, 01-27-16: https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/top-10-cities-for-millennials-55087-------------------------------------------------------------------------------------------------Dallas # 7 on list of top 10 boom towns for next decade, 01-27-16: http://www.forbes.com/sites/joelkotkin/2016/01/14/americas-next-boom-towns/#6fc3f5f8f0dd ------------------------------------------------------------------------------------------------Exclusive: Four Fortune 1000 companies considering headquarters move to Dallas area, 01-25-16: http://www.bizjournals.com/dallas/blog/2016/01/exclusive-four-fortune-1000-companies-considering.html-------------------------------------------------------------------------------------------------2016 Dallas growth prediction: not as robust as 2015, but still strong, 01-25-16: https://www.bisnow.com/dallas-ft-worth/news/economy/bo-feagin-headline-54992-------------------------------------------------------------------------------------------------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: http://www.dallasnews.com/business/columnists/mitchell-schnurman/20160125-energy-saver-dallas-san-antonio-and-austin-keep-texas-growing.ece-------------------------------------------------------------------------------------------------DFW high-end home sales rose more than 12 percent in 2015, 01-25-16: http://bizbeatblog.dallasnews.com/2016/01/d-fw-high-end-home-sales-rose-more-than-12-percent-in-2015.html/-------------------------------------------------------------------------------------------------2016 expected to be another big year for data centers in Dallas; already 2nd largest data center concentration in nation, 01-22-16: http://www.bizjournals.com/dallas/print-edition/2016/01/22/2016-expected-to-be-another-big-year-for-data.html-------------------------------------------------------------------------------------------------DFW expected to lead nation in housing starts in 2016, 01-19-16: http://www.dallasnews.com/business/residential-real-estate/20160119-d-fw-expected-to-lead-housing-starts.ece-------------------------------------------------------------------------------------------------Year 1 after lifting Wright a win-win for both Dallas airports, phenomenal growth at Dallas Love Field, 01-15-16: http://www.dallasnews.com/business/columnists/mitchell-schnurman/20160115-year-1-after-wright-a-win-win-for-both-north-texas-airports.ece -------------------------------------------------------------------------------------------------Where's $300 million of construction starting this summer?, 01-13-16: https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/event-previewheadline-54499?rt=4744 -------------------------------------------------------------------------------------------------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: http://dallas.culturemap.com/news/real-estate/01-13-16-zillow-top-10-hottest-housing-markets/ --------------------------------------------------------------------------------------------------Dallas shopping center vacancies at 3 decade low, 01-12-16: http://bizbeatblog.dallasnews.com/2016/01/d-fw-shopping-center-vacancies-at-3-decade-low.html/-------------------------------------------------------------------------------------------------North Texas home sales surged in December (21% increase), 2015 to set all-time record, 01-08-16: http://bizbeatblog.dallasnews.com/2016/01/north-texas-home-sales-surged-in-december-to-set-record-for-2015.html/-------------------------------------------------------------------------------------------------Woodall Rodgers becomes Downtown's new "Main Street", 01-07-16: http://www.dallasnews.com/business/columnists/steve-brown/20160107-the-main-drag-for-offices-shifts-north-to-uptown.ece-------------------------------------------------------------------------------------------------Dallas sees record office leasing of 4.7M sf in 2015, 01-05-16: http://www.bizjournals.com/dallas/news/2016/01/05/jll-office-tenants-lease-record-level-of-4-7m-sf.html-------------------------------------------------------------------------------------------------DFW office leasing at record high in 2015, 01-05-16: http://bizbeatblog.dallasnews.com/2016/01/new-report-d-fw-office-leasing-near-record-high-in-2015.html/-------------------------------------------------------------------------------------------------2015 real estate boom is the biggest DFW has seen in decades, 12-30-15: http://www.dallasnews.com/business/commercial-real-estate/headlines/20151230-2015-real-estate-boom-is-the-biggest-d-fw-has-seen-in-decades.ece?cid=facebook_The_Dallas_Morning_News------------------------------------------------------------------------------------------------- DFW area homes gain $55 billion in value in 2015, is number one metro in Texas with $411 billion total value, 12-30-15: http://bizbeatblog.dallasnews.com/2015/12/new-report-d-fw-area-homes-gain-55-billion-in-value-in-2015.html/ -------------------------------------------------------------------------------------------------DFW Real Estate still shrugging off oil price slide, 12-22-15: http://bizbeatblog.dallasnews.com/2015/12/new-report-d-fw-real-estate-still-shrugging-off-oil-price-slide.html/-------------------------------------------------------------------------------------------------10 largest office projects expected to deliver in 2016, 12-17-15: https://www.bisnow.com/national/news/office/10-largest-office-projects-expected-to-deliver-in-2016-53751?single-page-------------------------------------------------------------------------------------------------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 -------------------------------------------------------------------------------------------------Central Dallas to see big boom in hotel rooms, 12-16-15: http://bizbeatblog.dallasnews.com/2015/12/central-dallas-to-see-big-boom-in-hotel-rooms.html/-------------------------------------------------------------------------------------------------6 Reasons Why Everyone is Moving to Dallas-Ft Worth, 11-20-15 (GDP data is out-of-date but still interesting): http://www.housingwire.com/ext/resources/images/editorial/BS_ticker/PDF/Nov2015/dallas.jpg http://www.housingwire.com/articles/35660-infographic-6-reasons-behind-the-booming-dallas-housing-market-------------------------------------------------------------------------------------------------

There was no dwindling of the Downtown Dallas Chase project. The 40-60 story placeholder was an estimate by me based on the very substantial number of apartments, hotel rooms, retail space, and parking that makes up the project. The initial project announcement was in August 2015 with released renderings in October 2015 where the actual construction plan for twin towers was announced. My early guess based on the substantial scale and scope with the August announcement, if contained in one tower, was just that. 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. A quote from Chase: "Chase officials say its several hundred workers in the downtown Chase Tower won’t be significantly impacted by the office moves to Plano from several suburban locations." Hope that helps clear up any confusion.

The JP Morgan development in Downtown Dallas across from the Trammel Crow Center is a totally different project than the JP Morgan Chase campus going in Plano : http://www.bizjournals.com/dallas/blog/morning_call/2015/08/jp-morgans-mixed-use-development-adjacent-to.html The Downtown Dallas JPMorgan development announcement contained so many apartments, condos, and parking that when initially announced it was speculated at the time the tower could reach 40 or more stories tall. The 40-60 story estimate was made by me based on the information available at the time of the announcement which includes more than 350 apartments, a 227 room hotel, more than 30,000 square feet of retail and restaurant space, and more than 2,000 parking spaces. If all of that were included in one building it would easily be more than 50 stories tall. Since the initial project announcement on 08-12-15, more details for the development along with renderings were released on 10-28-15. The Downtown Dallas JPMorgan development will be twin 26 story towers instead of one very tall tower: http://bizbeatblog.dallasnews.com/2015/10/first-look-at-new-downtown-dallas-tower-project.html/ The Downtown Dallas JPMorgan development is a totally different project than the Plano campus development. The first portions in the Downtown Dallas development are scheduled to open the second half of 2017. I updated my list of new towers in Downtown Dallas to reflect the twin 26 story towers: http://forum.skyscraperpage.com/showpost.php?p=7143152&postcount=42

I'm sure Harwood International will not let the FAA's initial response be the last word on their Forum towers .... they have too much clout and influence in the City and region. The Perot site (which has UNLIMITED height available to it) is literally across Woodall Rodgers Freeway a block south from where Harwood Forum will rise. I honestly think that the regional FAA office (which is based in Ft. Worth) may be letting regional rivalry influence them on some of this because the wording they used for their response was actually pretty awkward and almost hesitant as if to say "no, but if you really want it and push hard to get it it could happen". Yes, Craig Hall is emerging as a real player Downtown. And Tim Headington's site next to Fountain Place may end up with something pretty spectacular as well. And of course Perot's tower would be a solid addition. Thanks for all the good work you do on this site keeping things updated! Good job!

That is a great picture that shows how dense the central core of Downtown Dallas is becoming. And with 21 towers now under construction and another 10 with groundbreakings imminent this same view will be killer in another 2 years. And if we get some of the "big boys" that are planned the cityscape for Downtown Dallas will reach a truly impressive level. I just updated the list of new towers for Downtown Dallas and the central core that are either under construction, with groundbreakings imminent and those that are planned. This list is purely new construction and does not include the dozens and dozens of older buildings in Downtown Dallas being repurposed into residential, hotel and upgraded office that is also currently underway. An article in today's Dallas Morning News spoke of the hotel boom underway in Downtown Dallas that is adding thousands of new rooms and many of those hotels are in older buildings that are now being renovated and upgraded. In my list I've catalogued all new construction projects of which I am aware. In the "Planned" section I have listed all announced projects without giving probability on actual construction (i.e. the Sarimsakci supertalls have been questioned by many - BUT he is following through on development of a couple of other projects in Downtown Dallas that people had voiced doubts over as well). The supertalls that probably have the best chance of development are the Perot Tower and the Harwood Forum towers, but who knows. Here is the updated list of new construction for Downtown Dallas: Under Construction, 21 towers: 33 story Bleu Ciel residential tower 30 story Katy Station residential tower 25 story 1900 Pearl ("Symphony" Arts District office tower), Lincoln Property 25 story Skyhouse Victory Place residential tower 23 story "M" Line Streetlights residential tower 23 story The Jordan residential tower 23 story Ascent 1 residential tower (2 tower complex on shared podium) 21 story Ascent 2 residential tower (2 tower complex on shared podium) 22 story The McKenzie residential tower 22 story Frost Bank office tower 21 story McKinney & Olive mixed use tower 21 story One Uptown residential tower 18 story The Brady residential tower 18 story Hall Arts office tower Twin 17 story towers, The Case Building, Westdale Deep Ellum residential towers 14 story 1900 Cedar Springs residential tower 12 story 1920 McKinney office tower 10 story Baylor Hospital hotel 8 story Gables/Whole Foods residential tower 7 story One Harwood, "Rolex" office tower, Harwood International Groundbreakings imminent, 10 towers: 34 story Residences at Park District residential tower, Trammell Crow, 1Q16 29 story The Union Dallas residential tower, shared parking podium, 1Q16 25 story The Union Dallas office tower, 16 stories on top of shared parking podium, 1Q16 Twin 25-30 story towers, J.P.Morgan Chase mixed use towers (hotel and residential, next to Trammell Crow Center), before end of year 24 story Cinepolis residential tower, Sep. 1, 2015 per FAA schedule 23 story Hines Victory office tower, Sep. 30, 2015 per FAA schedule 19 story Park District office tower, Trammell Crow, 1Q16 18 story Oliver & Central residential tower, January 2016 17 story Virgin Hotel, May 2016 Planned, 36 towers: 50-100 story Perot Tower Twin 80 story and twin 60 story towers (4 tower complex near Dallas City Hall), Sarimsakci Development Harwood Forum complex, Harwood International mixed use towers (3.2 million sq ft of condos, office, hotel, retail): -- twin ~80-81 story towers (connected by skybridge) -- ~50-60 story tower -- ~30 story tower (curvy design) -- ~30 story Harwood XII office tower 70 story and 60 story residential towers, Pacific Plaza, Sarimsakci Development 50+ story The Lexi mixed use tower, Harwood International 50 story Hall Arts mixed use tower 46 story Cityplace mixed use tower 39 story 2121 Flora Atelier Arts District mixed use tower 39 story South Asian Museum, mixed use tower, Field@Woodall Rodgers Expwy 29 story Hall Arts residential tower 29 story The Oliver residential tower, Harwood International 24 story Streetlights Hall & Howell residential tower 24 story 2826 No. Harwood office tower, Harwood International 20-25 story Hillwood Urban 1, office tower 20-25 story Hillwood Urban 2, office tower 20 story Ltd Edition 2505 residential tower 19 story "Club Babalu" residential tower 17 story "Old Warsaw" office tower (14 story + ~3 story crown) ~17 story Dream Hotel ~16 story 1640 Edison, Design District office tower ~15 story "Union Bankers Life" mixed use tower, Deep Ellum 14 story "Pearl" residential tower, Uptown Spire Development, mixed use: -- 30 story hotel -- 30 story office -- 21 story office -- 13 story residential 12 story Two Arts office tower, Lucy Billingsley Not announced: Tim Headington holdings (across from The Joule Hotel and across from Fountain Place office tower) Jack Matthews holdings (old "Dallas High School", West Dallas and The Cedars) Hunt/Woodbine holdings (Reunion/Union Station) High Speed Rail development (possible tower or towers as part of HSR complex)

I had taken a look at Hines' website last evening and it says it is 48 floors: http://www.609mainattexas.com/ With 30 out of 48 done that is 63% complete. With that many floors completed so far it must have some tenants already lined up. How much pre-leasing has occurred for 609 Main?

609 Main is a beautiful building .... how many floors have gone up? Is it about 50% complete?

Actually two sweeping arches will be seen on the second signature bridge once it is complete, in roughly another year. The second arch will of course look just like the one in the image but on the opposite side of the bridge. The second signature bridge is part of Interstate 30's remake heading into Downtown Dallas, which once completed will have about 22 or so lanes is what I believe I read on Dallas Metropolis awhile back.

That is an old article from January of this year based on older data from 2014 and earlier. A lot has happened since that data was collected, like a major oil plunge and all that goes with it, so datapoints collected for the article have lost relevance when looking at what is happening today. Dallas at number 3 in the article is Dallas and its metro only; it does not include Ft. Worth/Arlington. The graphic in the article states Dallas-Plano-Irving Metro (not DFW MSA): http://www.forbes.com/pictures/emeg45eegeg/3-dallas-texas-2/ Dallas has been leaving Ft. Worth in the dust for some time now. Ft. Worth has a heavier dependence on energy, and is not as diversified as Dallas, and with the oil downturn Ft. Worth has been suffering. In the article Houston is listed as Houston-The Woodlands-Sugarland MSA.