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Sources: Amazon to double its Dallas regional operations hub at Galleria Towers

 

The Seattle-based online retailer has signed a lease for five floors, or roughly 100,000 square feet, which will basically double Amazon.com's regional office within the Galleria Towers property, multiple real estate sources told the Dallas Business Journal.


The expansion of the regional operations center was likely needed to help support the online retailer's growing presence in North Texas, said Susan Arledge, president of site selection for Dallas-based E Smith Realty Partners.

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Goldman Sachs inks big deal in one of downtown Dallas' tallest towers

 

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Financial giant Goldman Sachs has finalized a lease deal to take seven floors within one of downtown Dallas' tallest skyscrapers, which will lead to a major regional consolidation, sources say.

 

The New York-based firm is expected to move most of its North Texas back-office operations and more than 1,000 employees from its longtime Irving office, as well as its wealth management executives from The Crescent, into the 50-story tower at 2001 Ross Ave. in the Dallas Arts District.

 

Multiple real estate sources say Goldman Sachs has signed a lease for about 175,000 square feet of office space, with plans to move most of its Irving office into the downtown Dallas skyscraper by early 2018.

 

 

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More restaurants, retail coming to Uptown's Crescent

 

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GDA

 

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Sixty Vines, a Plano eatery, will open at the Crescent this fall.

 

And East Hampton Sandwich Co. will debut in early summer.

 

Bivins Gallery - owned by veteran gallery owners Karen and Michael Bivins - opened in February.

 

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"Since the recent $33 million renovation at The Crescent, uses of the exterior spaces have increased tremendously," John Zogg, managing director of Crescent Real Estate Equities, said in a statement.

 

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Three downtown Dallas blocks eyed for mixed-use development

 

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Investor Mike Hoque bought the properties along Canton and Cadiz streets just south of city hall.

 

The three blocks - now surface parking lots - are near the Farmers Market and just across the Highway from the redeveloping Cedars neighborhood.

 

"I'm planning a retail centric development," Hoque said. "But I'm taking my time."

 

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He's doing master planning for the property now and hopes to have a design ready in about six months.

 

"I'm not trying to create another Victory Park," Hoque said. "I think there is going to be an opportunity to do a lot of things over there."

 

"I want to be a specialty developer."

 

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He says he's already received offers for development partnerships or to sell part of the land he owns along Canton Street.

 

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Dallas ranks first among Texas cities for hotel sales

 

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Dallas saw the biggest jump in hospitality revenue last year among all of Texas’ major cities. Dallas earned $2.04 billion in hotel sales, compared to $1.88 billion in 2015.

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He added that the city has the ability to bring in more sales. Though Dallas tacked on 1,600 new rooms between 2015 and 2016, bringing its total number of keys to more than 75,000, its occupancy rate was 71.7 percent. That indicates the market is still undersupplied.

 

“(Dallas is) still below the supply that the demand is wanting,” Vaughn said. “There’s still room for hotels to be built.”

 

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But not all of Texas’ cities saw positive hotel sales growth. Oil and gas-dependent areas, like Houston, Midland, Odessa, San Angelo and Victoria saw revenue dips of up to double digits, including a 37 percent nosedive in Odessa.

 

“Houston has been hammered (and there’s) a lot of weakness in the oil and gas areas of the state,” Vaughn added.

 

 

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More apartments coming near downtown Dallas' Farmers Market
 

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Lynd Development Partners has applied for building permits for a 297-unit, $33.5 million apartment project at 1915 Cadiz St. near Harwood Street. 

The apartments are planned just west of the Farmers Market complex.

 

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Merriman Anderson/Architect Inc. designed the downtown Dallas development.

 

Project Location

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Urban-style homes get underway near Dallas' Bishop Arts District

 

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DMN

 

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A Dallas-based development group, Larkspur Development LP, has started its latest urban-style home project and its first in West Dallas, which will bring 16 townhouses within walking distance of the Bishop Arts District.

 

The project, called The Row on Elsbeth, will bring red-bricked townhouse with divided light warehouse windows and gooseneck lighting to would-be residents starting at $450,000.

 

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The nearly half-acre of land will be home to the $16 million townhouse project and will bring the only new 'for sale,' product to this neighborhood, he said.

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This latest project will give homeowners access to 60 nearby boutiques, shops and restaurants, as well as be right across the street from the new streetcar that will provide direct access to downtown Dallas.

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The townhouses near the Bishop Arts District are slated for completion by the end of the year.

 

Project Location

 

Original rendering shows more generic, less industrial facade and masonry. Sidewalk width was also increased in revised plan. 

Edited by Sic'EmBears
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New retail on the way near Dallas' booming Love Field

 

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CBRE

 

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Now West Love's owners have applied for building permits to build four restaurant and retail buildings that will like Mockingbird just west of Maple Avenue.

 

"We will be under construction this summer and will deliver to the various tenants in January and February of next year," said Jorge Ramirez, Managing Principal with Mockingbird Venture Partners LLC.

 

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"The four buildings are all located along Mockingbird with the first one being adjacent to the Aloft+Element hotel."

 

Developer KDC is seeking tenants for a 150,000 to 200,000-square-foot office building it plans to build next to the hotels and apartments.

 

A second hotel tower is also planned.

 

 

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Big D now number two in the big data center business

 

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In 2016, new projects increased D-FW data center space more than 25 percent to a total capacity of 208 megawatts, the study shows.

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The D-FW area has over 13.5 million square feet of data center space. 

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Data center supply in North Texas is at an all-time high and is expected to grow more this year with demand from businesses and consumers.

Almost a dozen D-FW data center projects are scheduled to come on line in 2017, CBRE forecasts.

 

 

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Texas' $15.8 billion medical construction pipeline is second in the nation, report says

 

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In North Texas, there were 26 in the pipeline, valued at nearly $8 billion total.

 

They include the $125 million luxury Women’s Hospital that Medical City Dallas is planning for 2018, UT Southwestern Medical Center’s $66 million radiation oncology treatment center scheduled to open in March and Texas Health's medical campus in Frisco being planned for 2019. 

 

 

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More dining, drinking and entertainment venues on the way at Dallas' Victory Park

 

VP_Rendering_VPLLookingNorth_May2015_Fin
VictoryPark

 

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  • The largest of the offerings will be a 24,022-square-foot restaurant and entertainment operations that will occupy the entire ground floor of the west Victory Plaza building on Olive Street. 
  • 8020 Hospitality and Brooke Humphries will take over the space formerly occupied by Nove and N9NE with their new concept.
  • This & That Concepts will open a 4,232-square-foot restaurant and bar with a large second-floor dining terrace overlooking Victory Plaza and Victory Park Lane across from W Dallas Victory Hotel.
  • Brooke Humphries also will open a 2,466-square-foot bar and tavern inside the parking garage on Victory Avenue, across from the Arpeggio apartments. 

 

 

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Potential mid-rise hotel:

 

More apartments and restaurants coming at West Dallas’ Trinity Groves


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DMN
 

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With the success of the first phase, Reynolds said, the developers are ready to push ahead with a second, 325-unit apartment building on the adjoining Singleton Boulevard block just to the west.

 

Reynolds said the developers are also talking to office building investors and partners about doing a building overlooking downtown.

 

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A 223-room Marriott hotel is in the works for the block that's now the location of a concrete plant near Singleton and Beckley Avenue.

 

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On 3/7/2017 at 0:05 AM, Sic'EmBears said:

 

On 3/7/2017 at 0:05 AM, Sic'EmBears said:

Houston is not hammered. We need a slowdown to fill everything up.  Houston has the 10 busiest port in the world, and the largest medical center in the world. Look at the GNP of Texas who brings in more money.  We also had the best Superbowl ever!

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Doesn't a slowdown produce the opposite of filling up?   Houston's port is 16th in the world if you count every ounce of gunk that gets shipped from the refineries.  If you don't, it's 64th.  Not entirely outside the topic of this thread, though, so thanks for bringing it up, since new Dallas development is what drives a lot of that container traffic on the coast.  Speaking of waterways, everybody knows the Harris County water was purely responsible for fueling Tom Brady's rally, so congrats on having it.

 

For those interested, the Bureau of Economic Analysis' 2016 GDP metro estimates will be released on May 11th.

Edited by strickn
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I visited an actual world-class city this week.  It's striking that urban Texans bandy the term about so much these days without much philosophic thought as to what it would mean. That philosophical void is a central part of why Texas doesn't have any world-class cities yet.  Profound thinkers that Texas shaped almost always had to leave to make their contributions;  the contributions people come to Dallas or Houston to make, by contrast, are about "who brings in more money," not about humanity.  The two are not mutually exclusive, or have not always been, but here, Texas' leading industrialists merely give donations to creative and intellectual organizations rather than really participating riskily in becoming a nucleus of intellectual circles themselves.  

 

(Check out https://en.wikipedia.org/wiki/Lunar_Society_of_Birmingham for a prototype of a better way of doing things.

https://en.wikipedia.org/wiki/Science_and_invention_in_Birmingham is almost exhausting, but highlights include industrial chemistry, the steam engine, the first rocket engine (by the polymath grandfather of Francis Galton and Charles Darwin), social, religious, financial and educational/pedagogical reforms, modern postal service, the cavity magnetron, and computer scientist Conway Berners-Lee, better known for his son Tim -- which seems a pretty good place to close this web forum parenthetical.)

 

 

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Wasn't Texas A&M studying how to build a cargo guideway from PoH to Dallas-Fort Worth?

 

https://www.houstonpublicmedia.org/articles/news/2016/09/12/167586/port-of-houston-wants-to-try-out-new-automated-cargo-transport-system/

 

Some folks spend their entire lives trying to 'make it' and doing what it take... a shared goal is being able to kick back and relax and enjoy. However is the creative folks are left out of the whole process, those who 'make it' have little to enjoy.

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Massive upgrade to Highland Park Village gets underway

 

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The multimillion-dollar revamp to the tower along Preston Road — on the eastern side of Highland Park Village — includes remodeling and re-tenanting the second and third floors, as well as redoing the ground-floor lobby.

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The upgrades will create a 6,100-square-foot rooftop terrace and will expand the third floor by about 19,000 square feet. It will also convert roughly 21,000 square feet of office space on the second floor into retail space, which, upon completion, will be home to the new William Noble Rare Jewels shop.

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The exterior upgrades will reflect Highland Park Village's traditional Spanish architecture, which includes Spanish tile, facade details and wooden balconies.

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Dallas-based Omniplan is the project designer.

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The redo is slated for completion in mid-2018, with additional tenant announcements expected in coming months.

 

Project Location

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Glad to see underground parking become commonplace in Dallas.

 

First look: Six-story apartment/retail complex proposed in Lakewood

 

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The new plans include a retail section on the first floor topped with five stories of residential units, 140 in total at about 975-square-feet a piece. That would mean an uptick in density, current zoning allows for a floor area ratio of 1.5:1, while this project seeks to increase that to 3.45:1.

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Two stories of underground parking would support the building, although only one parking stall is provided per unit and the total number of spots has not yet been decided. There would also be “head-in parking” for shoppers on Oram.

 

Project Location

 

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2 hours ago, nativehoustonion said:

It looks like Uptown Houston with smaller buildings.  Is there a height limit there due to Love Field?  

I believe in many spots yes but the tallest u/c or just topped out are:

34stories

32

31

30

And the tallest existing is of course the 42 story city place. So any height limit seems wishy washy. What is irritating is that it seems that even now they are still proposing more towers in the 20-23 range. Instead of making a hundred of these squatters they could have made half the amount at twice the height or at least in the 30s range. It's okay though. Its all coming together nicely and if you've seen it lately the density is looking impressive. Like a little San Diego.

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