Sic'EmBears Posted November 19, 2016 Share Posted November 19, 2016 The Case, via Lyn Caudle: 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 20, 2016 Share Posted November 20, 2016 Park District - PwC Tower on floor 12 - Residences at Park District at grade 1900 Pearl (behind Park District) - appears to be on floor 15 The Case - above 1900 Pearl in the distance 5 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 20, 2016 Share Posted November 20, 2016 Urban Land Institute released its 2017 Markets To Watch report. The group held its Fall Meeting in Dallas this October. Topping the list were Austin and Dallas. Top Ten Cities in Emerging Trends in Real Estate® 2017 Austin Dallas/Fort Worth Portland Seattle Los Angeles Nashville Raleigh/Durham Orange County Charlotte San Francisco San Antonio placed 32nd. Houston placed 40th. Texas Cities Overal Outlook: Austin (Generally Good) Dallas/Fort Worth (Generally Good) San Antonio (Generally Good) Houston (Fair) Below is a summary of each category. National ranking is first set of parenthesis. City score is second set of parenthesis. Score is out of 5. Hotel: Austin (3.60) Dallas/Fort Worth (3.53) San Antonio (3.25) Houston (3.00) Housing: Dallas/Fort Worth (3.95) Austin (3.82) San Antonio (3.72) Houston (3.16) Industrial: Dallas/Fort Worth (3.90) Austin (3.90) San Antonio (3.56) Houston (2.98) Multifamily: Dallas/Fort Worth (4.00) Austin (3.50) San Antonio (3.43) Houston (3.39) Office: Austin (3.57) Dallas/Fort Worth (3.62) San Antonio (3.01) Houston (2.48) Retail: Austin (3.84) Dallas/Fort Worth (3.79) San Antonio (3.27) Houston (3.20) Local Outlook - The South: (1) Dallas/Fort Worth (4.12) (2) Austin (4.10) (14) San Antonio (3.72) (32/32) Houston (2.69) *Avg. score in each industry *Ranking for The South Investment: (1) Dallas/Fort Worth (3.78) (3) Austin (3.76) (32) San Antonio (3.36) (40) Houston (3.04) Development: (1) Austin (3.61) (5) Dallas/Fort Worth (3.52) (31) San Antonio (3.22) (46) Houston (2.47) Homebuilding Prospects: (9) Dallas/Fort Worth (3.95) (11) Austin (3.88) (23) San Antonio (3.72) (39) Houston (3.08) Local Market Perspective - Investor Demand: (5) Austin (4.44) (10) Dallas/Fort Worth (4.29) (40) San Antonio (3.62) (76) Houston (2.58) Local Market Perspective - Development/Redevelopment Opportunities: (4) Dallas/Fort Worth (3.84) (10) San Antonio (3.74) (16) Austin (3.67) (78/78) Houston (2.53) Texas Overview: Quote "In a compressed cap rate environment with low interest rates, I like markets that can generate attractive cash-on- cash returns. That is very difficult in the gateway markets, but more possible in markets like Dallas and Austin." Quote Austin (1). The capital of Texas has consistently ticked the majority of the top boxes related to recent real estate market attractiveness. The market has ben- efited from a diverse economy that was affected in a minimal way by the global financial crisis, a growing population base made up of an educated labor force, and the undeniable “hip” factor that makes Austin attractive to the millennial- dominated workforce. Despite Austin’s growing popularity, it remains a comparatively small market in terms of investment opportunities. While Austin is unlikely to attract a meaning- ful amount of off-shore capital, it tops many domestic investors’ wish lists. This makes the market very competitive. Despite the amount of competition, local, regional, and national real estate participants operate in relative harmony in the market. This cooperation has helped keep adequate levels of debt and equity capital available for investment opportunities. The interest in Austin has spawned a phrase that rivals the city’s own “Keep Austin weird” slogan. The real estate equivalent is: “I want to find the next Austin.” This reputation does, however, come at a price. ULI focus group participants expressed con- cern about transportation issues that continue to be a problem in a rapidly growing market. In addition, the cost of living and the cost of doing business in Austin have been on the rise. While these costs are still competitive with those seen in other top sec- ondary markets, the uptick has not gone unnoticed in the market. The 2017 outlook for major property sectors re-mains good. The housing market, both multifamily and single-family, appears to be making adjustments to match supply with the requirements and locations desired by the changing population base. To address transportation concerns, the market is likely to con- tinue to see more mixed-use development not only to bring compatible uses together, but also to enhance the experiential feel of developments. Austin remains focused on encouraging an environment where local and national tenants can coexist. Quote Dallas/Fort Worth (2). The Dallas/Fort Worth metro area is once again near the top of the Emerging Trends in Real Estate® rankings. Dallas/ Fort Worth may well be an 18-hour market that is rapidly approaching the level where it is considered as a core primary market. The economy survived the global financial crisis better than most other U.S. markets, and real estate fundamentals continue to avoid the boom/bust behavior that has plagued the market in the past. Dallas/Fort Worth area is perceived as a business-friendly environment that offers an attractive cost of doing business, an adequate and well-educated workforce, and world-class trans- portation access by air, rail, and road. The labor force continues to be supported by an attractive cost of living that continues to attract in-migration. The economy has continued to diversify and has exposure to growing medical facilities and an expanding technology sector. A number of colleges and universities in the metro area support the education level of the workforce, while coordination with the community college network is used to train workers for positions that do not require a four-year college degree. The Dallas/Fort Worth metro area has avoided becoming a victim of its own success, although rising demand is pushing up the price of hous- ing in the market. Once known as exclusively as a suburban market, Dallas is enjoying more growth of infill areas and the inner-ring suburbs. The market is also using smaller lots and higher density to keep housing affordable. The suburbs in Dallas/Fort Worth are accessible, if not exactly walkable. Dallas/Fort Worth residents value improved access to amenities even if it is by personal vehicle. Adequate and convenient parking is a key element to meeting this need. Quote San Antonio (32). Will San Antonio, Texas, be one of the markets ready to make a jump in investor interest in 2017? Institutional investors have begun to look for opportunities in this very affordable market located just an hour south of this year’s number-one-ranked market. San Antonio is gaining experience in multiple product types that have generated a significant amount of buzz over the past few years. San Antonio is seeing activity in shared office work locations in the CBD, urban residential, historic redevelopments, and top-tier distribution, and a move by some suburban employers of at least a portion of their employers downtown. San Antonio is a very affordable market from both a cost of living and a cost of doing business standpoint. Job creation during this cycle has been primarily organic, with companies already in the market adding new jobs. The market would benefit if it could begin to increase the number of company relocations from other areas. ULI focus group par- ticipants noted that improving the local education system to help meet the needs of potential employ- ers would be another way to make San Antonio attractive as a relocation destination. Quote Houston (40). The Houston real estate market is dealing with a period of uncertainty, with partici- pants waiting to see how the energy industry will recover and how the market will deal with new space supply that was started when the Houston economy was benefiting from high oil prices. Employment growth has contracted, but not by as much as anticipated. Employment losses in energy-related exploration and services companies have been offset by growth in the services and leisure and hospitality sectors. While employment growth has remained positive, the mix of jobs has skewed toward lower-paying industries. The 2017 outlook for Houston is muted. Employment growth should stay positive, and the energy industry may stabilize if energy prices can hold recent gains. Higher prices could lead to a cautious return of the exploration and production sector of the industry. But the slower economic growth is likely to hinder the housing market, with growth in permits and starts projected to be flat. The multifamily market will need to deal with a signifi- cant amount of new supply that is projected to be delivered over the next 24 months. 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 22, 2016 Share Posted November 22, 2016 Medical City Dallas Building ‘Luxurious’ $125M Women’s Hospital Quote Medical City Dallas will offer women a “luxurious and spacious option” to receive high level, specialized healthcare for a comprehensive range of women’s services in a new, state-of-the-art Women’s Hospital. Construction on the $125 million hospital begins this month. It will add five floors to the top of Care Tower D, and will feature a total of 222 private and peaceful patient rooms. World-class and innovative care from experienced specialists will also serve the complex needs of newborns, from delivery to intensive care. Quote Once the Women’s Hospital expansion is complete it will include: 24 modern labor and delivery rooms 4 new C-section operating rooms 84 Level IV (highest level) Neonatal Intensive Care Unit (NICU) rooms 12 spacious women’s VIP suites 27 women’s medical/surgical rooms 19 antepartum rooms 56 postpartum rooms 2 floors of physician offices for additional convenient access to specialists Quote The upgraded VIP suites will feature a larger bedroom for mothers, a room for families and a spa-like bathroom. The suites will accommodate family for overnight stays, allow easy access to a nursery on the same floor, and also include concierge amenities such as upgraded linens, chef-prepared meals, family meal options and spectacular views of the city. Construction is expected to be complete in March 2018 with additional patient rooms opening in April 2018. Project Location 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 22, 2016 Share Posted November 22, 2016 Uptown Dallas imports Italian from big-shot restaurateur (DPR Construction) Quote Uptown Dallas will get its Italian fix in a big way with the opening of a branch of North Italia, the modern Italian concept from Fox Restaurants Concepts, opening at the Union Dallas in 2018. North Italia is the modern, full-service pizza and pasta Italian concept from restaurant mad genius Sam Fox. The 5,500-square-foot restaurant will be located on the ground level and open onto Field Street, with indoor and outdoor seating overlooking the central plaza of the office, residential, and retail project in the Uptown area of Dallas. Quote Known for from-scratch daily pastas and pizzas, the restaurant will bring a fresh and moderately priced dining option to the area. It will join another Sam Fox restaurant at this location, The Henry. Quote "After the success we've seen with North in Austin, we've been eager to bring this restaurant to Dallas," says founder Sam Fox. Quote The menu at North Italia will be the same mix of pizzas, chicken, seafood, and steak options offered in their other nine locations in Arizona, California, Colorado, Kansas, and Texas. Short ribs, New York strip, Atlantic salmon and diver scallops will be on the menu, along with home-made strozzapreti with Bloomsdale spinach, Bolognese tagliatelle, and several pizza options, all accompanied by an extensive wine list and desserts such as salted caramel budino and olive oil cake. The Union’s 21,000-square-foot green space and events plaza will enhance North Italia’s exceptional culinary experience. The central plaza will be designed by top Texas landscape designer James Burnett, and will be surrounded by water features, seating areas, trees, and a performance area so that diners may extend their experience before or after their meal with a stroll through the green space or simply sit and enjoy the ambience of the park-like setting. Project Location 5 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 23, 2016 Share Posted November 23, 2016 PwC Tower at Park District, via CTroyMathis: Notice the glass on lower right. 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 28, 2016 Share Posted November 28, 2016 Via Roman_Patrick: Park District PwC Tower on right, Residences at Park District on left 1900 Pearl 3 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 29, 2016 Share Posted November 29, 2016 Central Market to open two more Dallas locations: The first location will replace the Albertsons West Village in Uptown. Project Location The second location will replace the Sun Fresh at W NW Highway and Midway in Preston Hollow, less than a mile from the Central Market-HEB division office. Project Location When open, there will be four Central Markets in Dallas, and seven in DFW. 2 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 29, 2016 Share Posted November 29, 2016 Park District, via Facebook: 3 Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 30, 2016 Share Posted November 30, 2016 Hey Sic'Em, what's the latest on the Trinity Park? I saw an Inhabitat article shared on Facebook with no date. Just the original renderings, no start date, and general ambition for the project. Link to comment Share on other sites More sharing options...
Sic'EmBears Posted November 30, 2016 Share Posted November 30, 2016 16 hours ago, Montrose1100 said: Hey Sic'Em, what's the latest on the Trinity Park? I saw an Inhabitat article shared on Facebook with no date. Just the original renderings, no start date, and general ambition for the project. I'd like to say the project will be moving forward in the near future, but don't count on it. A $50MM donation and approved $30MM bond to start the project is the latest news I know of. Hopefully this money won't be squandered like in the past. 1 Link to comment Share on other sites More sharing options...
swtsig Posted November 30, 2016 Share Posted November 30, 2016 On 11/29/2016 at 3:03 PM, Sic'EmBears said: Central Market to open two more Dallas locations: The first location will replace the Albertsons West Village in Uptown. Project Location The second location will replace the Sun Fresh at W NW Highway and Midway in Preston Hollow, less than a mile from the Central Market-HEB division office. Project Location When open, there will be four Central Markets in Dallas, and seven in DFW. crazy to think that all of Houston has one sole CM. i've always wondered why they never built more - the one here has been continuously slammed for 10 years. Link to comment Share on other sites More sharing options...
Houston19514 Posted December 1, 2016 Share Posted December 1, 2016 43 minutes ago, swtsig said: crazy to think that all of Houston has one sole CM. i've always wondered why they never built more - the one here has been continuously slammed for 10 years. Because in Houston they have developed the hybrid HEB Market stores, that include some of the features of Central Market. We have a whole bunch of those. And I don't think any of their other markets have those hybrid stores. Link to comment Share on other sites More sharing options...
IronTiger Posted December 1, 2016 Share Posted December 1, 2016 20 minutes ago, Houston19514 said: Because in Houston they have developed the hybrid HEB Market stores, that include some of the features of Central Market. We have a whole bunch of those. And I don't think any of their other markets have those hybrid stores. I think Austin does, not sure about San Antonio. Either way, would you trade in the entire stock of H-E-B stores for a handful of Central Markets, and then have Randalls and Kroger to fight over the rest? That's the situation in Dallas. Link to comment Share on other sites More sharing options...
Houston19514 Posted December 1, 2016 Share Posted December 1, 2016 16 hours ago, IronTiger said: I think Austin does, not sure about San Antonio. Either way, would you trade in the entire stock of H-E-B stores for a handful of Central Markets, and then have Randalls and Kroger to fight over the rest? That's the situation in Dallas. They don't show any in Austin on their website, so I presume they don't have any. San Antonio does have a few (3) HEB Markets (and, like Houston, only one Central Market). I count 15 of the hybrid HEB Market stores in Houston. Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 1, 2016 Share Posted December 1, 2016 Here's a rundown of health food grocers in DFW and Houston metros: Central Market DFW - 7 (with completion of West Village and Preston Hollow locations) Houston metro 1 Natural Grocers DFW - 7 Houston metro - 0 Sprouts DFW - 19 Houston metro - 7 Trader Joe's DFW - 9 Houston metro - 5 Whole Foods DFW - 16 (with completion of Frisco location) Houston metro 10 2 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 1, 2016 Share Posted December 1, 2016 The Case, via Thymant: 3 Link to comment Share on other sites More sharing options...
swtsig Posted December 1, 2016 Share Posted December 1, 2016 1 hour ago, Sic'EmBears said: Here's a rundown of health food grocers in DFW and Houston metros: Central Market DFW - 7 (with completion of West Village and Preston Hollow locations) Houston metro 1 Natural Grocers DFW - 7 Houston metro - 0 Sprouts DFW - 19 Houston metro - 7 Trader Joe's DFW - 9 Houston metro - 5 Whole Foods DFW - 16 (with completion of Frisco location) Houston metro 10 ya none of those can compete with the stranglehold HEB has in Houston.... and that's not a complaint. WF and CM are great when you want to splurge but for day to day shopping the hybrid HEB's that populate Houston are second-to-none. TJ's is great bc its so damn cheap but still not a great everyday grocer IMO since they lack so many items. luckily i can walk to HEB, TJ's and WF from my house. Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 2, 2016 Share Posted December 2, 2016 The Union, from 2501 N Harwood: 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 4, 2016 Share Posted December 4, 2016 Hilton Canopy / Residential tower, West Village Project Location 3 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 4, 2016 Share Posted December 4, 2016 The Case Project Location 3 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 5, 2016 Share Posted December 5, 2016 Bleu Ciel: 3 Link to comment Share on other sites More sharing options...
Houston19514 Posted December 5, 2016 Share Posted December 5, 2016 (edited) Harwood Center Plans to Build 10-story garage in downtown Dallas. Edited December 5, 2016 by Houston19514 3 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 5, 2016 Share Posted December 5, 2016 Via DBJ article: "We are hoping to bring people in on McKinnon Street and prepare the Harwood District for its next development phase," said Boury, adding the next phase of the district could total another 1 million square feet of space. 2 Link to comment Share on other sites More sharing options...
Houston19514 Posted December 5, 2016 Share Posted December 5, 2016 Just to be clear for those not familiar with Dallas. The parking garage proposed for the Harwood Center (two posts up) is in downtown Dallas and has no connection to the Harwood District, which is on the north side of uptown Dallas. 1 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 6, 2016 Share Posted December 6, 2016 Residences at Park District, via Facebook: 2 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 7, 2016 Share Posted December 7, 2016 1900 Pearl (behind white Christmas light on right): 4 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 9, 2016 Share Posted December 9, 2016 Rolex Building: 3 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 9, 2016 Share Posted December 9, 2016 Construction has begun on Costco's sole Dallas proper location. The store will be 148,000 sqft. View location here. Once open, Costco will have 11 DFW locations. 2 Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 12, 2016 Share Posted December 12, 2016 McKinney/Boll: A “Small” 18-Story Tower for Uptown Quote Uptown residents will gladly be losing a neighborhood bar to see in its place an 18-story, 120-unit residential tower with a street-level restaurant. Dallas Cothrum of Masterplan Consultants talked the City Plan Commission into recommending a Planned Development Subdistrict for his client, thus paving the way for the construction of the McKinney/Boll Tower at 2614 McKinney Ave. (southeast corner of McKinney Avenue and Boll Street). Quote Cothrum has been laying the groundwork for this project for about a year now, meeting with neighbors and the Oak Lawn Committee to work out the details of a development they can live beside. A two-story building on the site will be demolished. It’s been operating as some kind of bar or lounge since 2003 and since 2005 has been The Idle Rich Pub; there’s an appropriate name for a gentrified neighborhood. Based on his meetings with the local stakeholders, Cothrum said their primary concern was that there not be another bar. The project owners, Mockingbird Venture Partners LLC and M&M Venture LLC, agreed and in its place plan a 55-seat, 5,000-square-foot restaurant with valet service to ensure patrons to the establishment do not stack cars into the street. A potential for traffic congestion was another pet peeve of the residents. Quote Another consideration in the design that Cothrum mentioned at the Dec. 1 public hearing was to mass the building’s maximum height toward McKinney and away from State Thomas, a historic neighborhood of single family, one story homes. The building has a tiered height and a rooftop pool faces State Thomas on the lower level. By right, there was no setback relief required, but the developers volunteered a setback to build consensus in their favor. Residents of the McKinney/Boll Tower will have underground parking that is separate from the restaurant. The second story will be dedicated for a retail use. Rendering: Current site: Location: 2 Link to comment Share on other sites More sharing options...
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