Sic'EmBears
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Posts posted by Sic'EmBears
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Forty Five Ten's Main Street flagship is approaching completion.
Once home to four Dallas-based department stores, downtown will soon add its second.
Other nearby luxury retailers include:
- Neiman Marcus (original flagship)
- Stanley Korshak (original flagship)
- TENOVERSIX
- TRAFFIC LA
- V.O.D.
- Alton Lane
- Edo Popken of Switzerland
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Martha Stewart is opening her concept's third Martha Stewart Café in Deep Ellum.
Read about it here.
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D-FW's office building leasing market leads the nation, and construction ranks second
Steve Brown
October 6, 2016
QuoteDallas-Fort Worth's fast-growing economy has made it the hottest office market in the country.
During the first nine months of 2016, the area led the country in net office leasing with 3.6 million square feet of transactions, according to commercial real estate firm Cushman & Wakefield.
D-FW was second in office construction to New York, with almost 8 million square feet of buildings under construction.
Along with North Texas, office construction is highest in Midtown Manhattan (9.5 million square feet), Silicon Valley (6.3 million square feet) and Seattle (4.6 million square feet).
North Texas' office market has continued to grow this year while other U.S. cities have seen a slowdown.
QuoteOverall rents in the area are up more than 13 percent in 2016, behind only Brooklyn (14.5 percent) and San Francisco (13 percent) in total rent gains.
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Uptown Dallas project developer heads to Frisco with new apartments
Steve Brown
October 11, 2016QuoteStoneleigh 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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One huge step towards DART's downtown subway line:
Our civic engagement made a difference. Today—in a dramatic reversal—the Dallas City Council voted unanimously for a resolution that not only called for D2 to be a subway, but established the D2 subway as the city's highest transportation priority, in addition to improved bus service for our most transit-dependent riders and the Dallas Streetcar. That’s right—
14 council members switched their support from a surface line to a subway.For more info, register at a Coalition For A New Dallas.
Also, D Mag published a thought-provoking article stressing the importance of the D2 subway line. Read it here.
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Etihad Airways plans daily service from DFW Airport to Abu Dhabi next year
Conor Shine
October 11, 2016QuoteUnited Arab Emirates-based Etihad Airways is expanding its presence at DFW International Airport, with plans to add four more weekly flights starting next year.
The airline plans to begin offering daily flights from DFW to its hub in Abu Dhabi on Feb. 2. Since entering the DFW market in 2014, Etihad has offered nonstop flights to Abu Dhabi three days a week — Wednesday, Friday and Sunday.
“Since launching our Dallas/Fort Worth service less than two years ago, the response from our guests travelling between Dallas/Fort Worth and our home Abu Dhabi and beyond has exceeded expectations,” Etihad Aviation Group’s chief strategy and planning officer Kevin Knight said in a prepared statement.
QuoteThe airline flies 45 weekly flights to six American cities: Los Angeles, New York, San Francisco, Washington, D.C., Chicago and Dallas-Fort Worth.
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This thread was created to host all news relating to DFW Int'l Airport.
via DFW Int'l Airport's website
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Construction begins in Frisco’s $700 million Gate development
Steve Brown
October 6, 2016QuoteSan Antonio-based developer Embrey Partners will build a 350-unit apartment community in the mixed-use project on the Dallas North Tollway.
QuoteThe 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.
QuoteEmbrey Partners' Gate apartments are scheduled to open in summer 2018.
Quote"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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DART seeks development partner for Mockingbird Station adjacent real estate
Candace Carlisle
October 6, 2016QuoteDallas Area Rapid Transit (DART) is marketing its real estate to a potential development partner with the help of Cushman & Wakefield's Dallas office, the brokerage firm recently announced, for an 11-acre tract of contiguous land along the rail line at Mockingbird Station.
QuoteDART's executives have begun an initiative to build up the transit-oriented development on rail stations in North Texas, such as Irving's $1.5 billion proposed Hidden Ridge mixed-use development and Richardson's $1.5 billion CityLine development anchored by State Farm Insurance.
The Mockingbird Station tract is especially attractive to real estate developers. Last year, a CBRE Global Investors fund acquired Mockingbird Station at the northeast corner of Mockingbird Lane and North Central Expressway in Dallas.
QuoteDART is looking for developers to propose an agreement that enhances the quality of life for pedestrians and residents, increase transit ridership and enhance the value of the DART-owned property.
Quote"An aggressive marketing effort to seek developers for the designated areas at Mockingbird Station should provide us with creative solutions benefiting the community and the city, a public-private partnership collaboration and long term economic benefits for the agency," he added.
Quote"Dallas is a strong real estate market, and we expect a lot of interest in this property because of its location, walkability and outstanding demographics," said Cooper, a senior managing director at Cushman & Wakefield.
"To participate in the development of such a prominent high-barrier-to-entry site is a rare and exciting opportunity," she said.
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Posh Uptown Dallas penthouse pulls $7 million at sale
Steve Brown
October 5, 2016QuoteThe 22nd floor penthouse at the Ritz-Carlton Tower Residences in Uptown just went for $7 million.
At more than $1,235 per square foot, it's one of the highest prices ever paid for a high-rise residential unit in Dallas. By comparison, the average Dallas-Fort Worth condo sells for about $170 per square foot.
The full-floor home has wrap around balconies, four bedrooms and five and a half baths. There are two dining areas, a contemporary kitchen, study and a fireplace in den.
Image source: RAMSA
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Developer kicks off apartment projects near Love Field and Galleria mall
Steve Brown
October 5, 2016QuoteBuilders have started construction on a new apartment community that's part of the $200 million West Love development near Dallas' Love Field.
Irving-based apartment developer JPI is building the Jefferson West Love project near Mockingbird Lane and Maple Avenue.
The 368-unit rental project\ at 2411 W Mockingbird Ln is part of the 35-acre West Love mixed-use development.
QuoteDesigned by GFF Architecture, Jefferson West Love is scheduled to open in the summer of 2018.
QuoteJPI has also started construction on an apartment project located along the Dallas North Tollway north the Galleria Dallas shopping mall.
The 324-unit Jefferson Landmark apartments are being built at 14300 Dallas Pkwy between the tollway and Inwood Road.
The Farmers Branch apartment community will open in early 2018 with a resort-style pool, fitness center and yoga studio and a coffee bar for residents.
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New Dallas Suburban/Exurban Development
in Dallas/Fort Worth/Metroplex
Posted
Construction kicks off on $1.5 billion Frisco Station project
Steve Brown
October 18, 2016
Full Article