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Sic'EmBears

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Posts posted by Sic'EmBears

  1. Dallas' landmark Cityplace Tower has a new owner with big plans for the high-rise

     

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    The high-profile building on the edge of Dallas' Uptown district was acquired by Dallas' Highland Capital Management in one of the largest building sales in Dallas so far in 2018.



    The 42-story Cityplace Tower on North Central Expressway is the tallest building outside of downtown Dallas. Built in 1987, the 1.4 million-square-foot high-rise has been owned since 2013 by Florida-based investor Parmenter Realty Partners and Angelo, Gordon & Co.

    "We hope to transform the surrounding area with our strategic renovations and improvements," adds Dondero. "Cityplace was designed to anchor an ambitious urban development, and we believe our plans will revitalize that vision."

  2. For the first time, DFW Airport will have nonstop service to Ireland

     

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    DFW International Airport will offer new nonstop seasonal flights to Dublin and Munich starting next summer. It's the first time the airport has offered a route to Ireland and will mark the airport's third flight to Germany.



    The flights, operated by American Airlines Group Inc. (NASDAQ: AAL), will start June 6, 2019, and occur daily until the fall.

    "These new flights will advance DFW Airport's mission to bring more international passenger and cargo service to the Dallas-Fort Worth region," said Sean Donohue, CEO at DFW Airport, in a prepared statement.

    When service for these routes launches next summer, it'll make 235 destinations59 of which are international — that DFW Airport services. The airport has added 21 international destinations this decade.



    This isn't the first European splash the airport has made this year. In May, the airport added routes to Reykjavík, Iceland, through three airlines, including American.

  3. A 4-star hotel and a Shake Shack are coming to the Stockyards. And that’s not all.

     

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    Hotel Drover, a new 4-star Marriott Autograph boutique hotel, along with an outpost of the popular Shake Shack chain were among the announcements made Thursday by Stockyards Heritage Development Company, a partnership between Majestic Realty Co. and The Hickman Companies.

    Hotel Drover, which is being described as “a rustic resort,” will help anchor the redevelopment of Mule Alley that will include “shops, eateries, creative office spaces and live-entertainment venues,” according to the Stockyards developers.



    “We would rather take a risk with an inventive tenant than play it safe with a chain that brings little to the table,” said Craig Cavileer, executive vice president of Majestic Realty Co./Stockyards Heritage Development Company. “We’re not looking to overly commercialize the Stockyards, we’re looking to make it even more exciting and broaden its appeal for locals as well as guests from Texas, the U.S. and around the world.”

    The project, a public/private partnership with the City of Fort Worth and Tarrant County, just broke ground on the first phase of the $175 million development.

     

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  4. 2 hours ago, Avossos said:

     

    What i just love about this data, is that Houston alone is almost on par with Dallas, Ft Worth, and Arlington combined. If 'DFW' was split into D, and FW, then we would be the clear winner.

     

    I find it very Dallas for the report to exclaim that Dallas' growth is twice Houston's... However the city of Houston is growing and is truly the top city in Texas. Our centralized downtown and inner-loop area will be the most urban splash of land in Texas, and for that, I am happy.

     

    The study compares metropolitan areas, not city limits.

  5. What a disastrously cheap design. 

     

    High-rise hotel project on the way in Irving's Las Colinas development

     

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    Construction is kicking off on a new high-rise hotel in Las Colinas.



    The 12-story Element Hotel will be built on Carpenter Freeway and Meadow Creek Drive near Spur 348 in Irving.

    The 157-room hotel is a project of Houston-based Lodgic Hospitality.

    Dallas architectural firm Mayse & Associates Inc designed the new hotel tower, which has a ballroom and meeting space on the top floor.

  6. Dallas hotel building boom is second only to New York City

     

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    Dallas' hotel building boom shows no sign of a let up.

    Dallas has a total of 156 hotel projects with 18,908 rooms in the construction pipeline or planned in the second quarter, according to a new report by Lodging Econometrics, which tracks hotel construction.



    New York City was first in the country with 169 hotel projects.

    "If all of the projects in the pipeline eventually come to fruition, this will increase the city's guest room supply by 21.3 percent," Lodging Economics said in the new report.



    "Dallas should continue its fast-paced growth.

    "In the first half of the year, it led all markets for the most new hotel projects announced into the pipeline, with 27 projects and 3,195 rooms."

    Most of the current construction in the Dallas area is located in Denton, Lewisville, McKinney, Plano and Frisco, according to the report.

    "Historically, according to our hotel real estate intelligence, the New York City market has led the construction pipeline by projects since third quarter 2011," said J.P. Ford, Lodging Econometrics' senior vice president. "This has been followed by Houston.



    "However, in Q1 2018, Dallas surpassed Houston to take the second spot in regards to hotel construction," Ford said.

  7. Dallas Stars owner Tom Gaglardi snaps up historic Fort Worth skyscraper

     

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    Northland Properties - which is headed by Stars' owner Tom Gaglardi - bought the 20-story WT Waggoner Building in downtown Fort Worth from XTO Energy Inc.



    Built in 1921, the Chicago-style brick and stone high-rise has almost 120,000 square feet of office space and was renovated in 2003.

    New owner Northland Properties develops and operates hotels, restaurants and sports facilities in Canada and the U.S.

    The company is expanding its Sandman Hotel Group, Moxie's Grill & Bar and Shark Club Sports Bar & Grill to Texas.

    "The historical relevance of the WT Waggoner Building makes this the perfect hotel asset for us," Gaglardi said in a statement. "With the opening of our first hotel in Plano in the next few weeks, we are excited to continue to expand throughout Texas, and we think Fort Worth is a fantastic market for us to grow into."

  8. D-FW is the nation's undisputed king of home construction in the latest ranking

     

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    With 36,264 home starts in the 12 months ending with the second quarter, D-FW far surpassed other big American housing markets for total production, according to a new report by housing analyst Metrostudy Inc.



    D-FW builders are starting about 40 percent more homes than in the Atlanta and Phoenix metro areas and almost 70 percent more than in Denver.

    D-FW home starts rose 12.7 percent annually in the just-released second-quarter housing comparison.

    North Texas has been a leading U.S. housing market since the end of the Great Recession.

    "We will continue to secure the top position for the next few years," said Metrostudy's regional director Paige Shipp. 

    "During the past 12 months, we started 6,300 more new homes than Houston [the No. 2 U.S. market], and our growth pace is twice that of Houston.

  9. D-FW is the nation's undisputed king of home construction in the latest ranking

     

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    With 36,264 home starts in the 12 months ending with the second quarter, D-FW far surpassed other big American housing markets for total production, according to a new report by housing analyst Metrostudy Inc.



    D-FW builders are starting about 40 percent more homes than in the Atlanta and Phoenix metro areas and almost 70 percent more than in Denver.

    D-FW home starts rose 12.7 percent annually in the just-released second-quarter housing comparison.

    North Texas has been a leading U.S. housing market since the end of the Great Recession.

    "We will continue to secure the top position for the next few years," said Metrostudy's regional director Paige Shipp. 

    "During the past 12 months, we started 6,300 more new homes than Houston [the No. 2 U.S. market], and our growth pace is twice that of Houston.

  10. Hunt Realty buys 2,500-acre ranch in Frisco for master-planned development

     

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    Hunt Realty will master-develop the large, mixed-use planned development, alongside the Karahan Cos., led by Fehmi Karahan, who developed much of Plano’s Legacy area.



    Anticipated development in Frisco will include commercial, office, retail, single-family and multifamily residential, and education, amongst other potential uses, Hunt Realty said in a news release.

    Development is expected to begin in 2019.

    "I look forward to working with the team and the city of Frisco on this iconic tract.,” Karahan said in a statement. “Despite its prime high-growth location, it is as though this jewel has been preserved for something extraordinary, and that's what we hope to create.”

    Frisco Mayor Jeff Cheney said the land features elevation changes, rolling terrain and creek corridors. He called it “some of the most beautiful, unique landscape in our city.”

    • Like 1
  11. Japan firm eyes hotel in Plano's booming Legacy project

     

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    A high-rise hotel to be operated by a Japan-based firm is in the works for Plano's booming Legacy business park.



    The 10-story, 250-room hotel is planned on Legacy Drive as part of the redevelopment of J.C. Penney's longtime headquarters.

    Japan's Kintetsu Group Holdings is a transportation, logistics and retail conglomerate with hotels in Japan and California. Its best-known brand is the Miyako Hotels & Resorts but it also operates properties under the Westin and Sheraton flag.

    Ware said that Dallas' Merriman Anderson Architects is designing the Legacy hotel.

  12. DFW Airport Receives DOT Commitment for $180 Million

     

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    Dallas/Fort Worth International Airport received a Letter of Intent from the Federal Aviation Administration committing up to $180 million in Airport Improvement Program grant funding for two end-around taxiway systems. U.S. Secretary of Transportation Elaine L. Chao delivered the Letter of Intent to the Airport in person, underscoring the importance of investing in airport infrastructure.



    The next phase of the end-around taxiways is already under construction on DFW’s northeast quadrant, with completion anticipated by 2021. DFW Airport’s southwest quadrant taxiway is expected to be built by 2023. The federal funding included in the Letter of Intent could cover up to half of the overall cost of the next two phases.

    End-around taxiways enable arriving aircraft to taxi around DFW’s seven active runways rather than wait to cross them. The taxiways enhance safety because they virtually eliminate runway crossings, reducing the risk of possible incursions. End-around taxiways ultimately produce gains in runway efficiency and reduce overall taxi times for arriving aircraft.



    The taxiway projects are a key part of DFW’s overall 10-year infrastructure improvement plan, which includes enhancing or rebuilding runways, roadways, bridges and other major infrastructure needs on the Airport grounds.

    Separately, Secretary Chao also delivered a $31 million AIP grant for the rehabilitation of Runway 17-C at the Airport. Construction on Runway 17-C is scheduled to be complete in 2019, with minimal disruption to customers.

  13. Huge new industrial park in the works at DFW International Airport

     

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    A new business park at the south end of DFW International Airport is planned with more than 2 million square feet of industrial and distribution space.

    Developer Trammell Crow Co. is leasing more than 130 acres on Valley View Lane north of State Highway 183. Crow plans to construct a four-building warehouse and office park on the property valued at more than $80 million, according to documents filed with the DFW Airport board's investment committee.

    It's planned as part of an almost 600-acre mixed-use development at the south end of the airport called Passport Park.

    Dallas-Fort Worth has one of the busiest industrial building markets in the country.



    Developers are currently constructing more than 20 million square feet of new warehouse and industrial buildings throughout the D-FW area.

  14. New owners of Dallas' landmark Infomart eye construction of addition

     

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    Equinix - a global data center company which paid $800 million for the Infomart - says it plans to build a $21.25 million, 61,805 square-foot building on at the Infomart at 1900 N. Stemmons Freeway.



    The 1.6 million-square-foot Infomart building was built in the 1980s and is located northwest of downtown Dallas.

    Info mart's owners didn't provide details of what would be built or when.

    The April Infomart sale was one of the priciest property purchases in Dallas history.

    The filigreed, 7-story building on Stemmons Freeway was patterned after London's famed 19th century Crystal Palace.

  15. Ground breaks on Thrive, Lewisville’s $46 million multigenerational recreation center

     

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    The $46 million building will be called Thrive and will be built on the property where the Senior Activity Center and Memorial Park Recreation Center currently sit—1950 S. Valley Parkway—replacing both buildings.



    Construction is expected to begin in August and the facility is expected to open in 2020.

    The 87,000-square-foot facility is a part of the 2015 bond package and is the largest capital improvement project in the city’s history.

    A new recreation center was a top recommendation in the Lewisville 2025 vision plan, and one of the main components of a bond package passed by Lewisville voters in November 2015. 



    It will include an indoor natatorium, a gymnasium, an indoor walking track, an expanded fitness area, community rooms, and an indoor playground for children. 

    The facility also will feature a public art component being created by Andrew Dufford.

  16. Prosper ISD starts construction on 97-acre high school within Frisco city limits

     

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    Rock Hill High School is scheduled to open in fall 2020, and it will be a 97-acre campus. The 600,000-square-foot campus includes a competition arena, two practice gyms, auditorium, lab space, classrooms, an interior courtyard and a multipurpose athletic facility.



    This year, PISD is opening two elementary schools and has plans to build more schools.

    According to the PISD officials, the district is expected to grow by nearly 2,000 students during the upcoming school year. 

    PISD finished last school year with 12,450 students and is expected to grow to 14,440 students by next school year.

  17. Plano approves $32M 4-star hotel next to city event center

     

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    A 4-star hotel is set to join the Plano Event Center by spring 2020.



    Plano’s city council on Monday authorized a lease agreement with developer Tirgo LLC for five acres adjacent to the event center, where a Radisson Hotel will be constructed. A preliminary estimate for the hotel's cost is $32 million.

    The lodging will connect to the event center and include 175 rooms, a full-service restaurant, a business center, exercise facilities, meeting space and the latest in hotel technology, the city said in a prepared statement.

    Plano City Council noted that the hotel will be constructed at no cost to taxpayers, as it will not grant any tax incentives for the development. That will allow the city to keep all hotel occupancy and sales tax revenues.

  18. Humphreys architects shoot for simplicity in Uber skyport design

     

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    For Uber to get its “flying taxis” in the air, the ride-sharing company will need launch-and-land pads — called skyports — to support the futuristic service.

    At Uber’s second annual Elevate summit in May, six architecture firms presented their designs for what the skyports will look like.



    Today, we'll look at the concept from Dallas-based Humphreys & Partners Architects, which is modeled after a beehive because the Uber aircraft around the skyport would replicate a bee’s flight patterns to and from a hive.

    Prototypes of the Uber aircraft are under development by Fort Worth-based Bell and a handful of other manufacturers nationwide. Dallas developer Hillwood Properties also is working with Uber on the flying taxi program.



    UberAIR plans to start demonstrating the technology in 2020 in Dallas-Fort Worth, Los Angeles and Dubai, and start operating the flying taxi service in the three test markets in 2023.

    From there, San Francisco-based Uber plans to roll out the service in large urban areas worldwide.

    Humphreys & Partners is one of six design finalists for the project. Other DFW finalists include Dallas-based Corgan, BOKA Powell and Beck, and Duncanville-based Arup.

     

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  19. A new Richardson data center is being built with help from State Farm Insurance

     

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    State Farm Insurance and Dallas developer KDC have filed plans to build a major data center in Richardson's Telecom Corridor.

    Now State Farm and KDC are requesting to build a second 130,629-square-foot data center with office space on more than 8 acres at 1510 E. Lookout.

    In 2017, the Dallas-Fort Worth area was second only to Northern Virginia for expanded data center facilities.

  20. Salt Lick BBQ Grapevine To Open Soon

     

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    There will be approximately 515 seats overall. 



    The seating will be split into three main areas—208 seats in the barn, 199 seats near Denton Creek and 108 seats in the cellar.

    At the restaurant’s Driftwood location there is a wine cellar adjacent to the restaurant where guests can enjoy a glass a wine while being surrounded by the same vines that produced the wine



    A representative for Salt Lick BBQ, Silver Garza, said there are plans for the Grapevine location to have one as well.

    Garza said the restaurant will use water-quality measures such as rainwater collection and filtration



    The restaurant will also feature gravel lots instead of paved lots as a way to control the collection of rainwater. 

    Garza said there are also plans to have a trail leading to the restaurant from Denton Creek.

    Salt Lick BBQ is expected to be complete in late 2018.

     

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  21. PHOTOS: McKinney Planning and Zoning approves facade appeal for Franconia Brewing Co.’s tap room and beer garden

     

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    A facade appeal was approved for Franconia Brewing Co.’s new tap room and beer garden during a McKinney Planning and Zoning meeting July 10.



    The 1,760-square-foot tap room and beer garden, which will be located at 495 McKinney Parkway, will be a two-story building made from eight shipping containers. There will also be an outdoor seating area and room for food trucks, according to a letter of intent.

    The tap room and beer garden were designed by Conduit Architecture + Design.

     

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  22. Uptown building headed for overhaul by Crescent Real Estate

     

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    Developer Crescent Real Estate says it plans a "top-to-bottom redesign" of a 1980s Uptown office tower it purchased earlier this year.

    Dallas architect Corgan is redesigning the exterior and inside of the granite and glass tower. A new glass tower at the entrance of the building will dramatically change the project.

    At least one restaurant will be built along Maple Avenue with outdoor patio space.

    "Our goal is to make 2401 Cedar Springs a part of Uptown, engaging not just the people who work there but those who live, work and play nearby."

    Construction is expected to be completed in early 2019.

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