Dallas

[Sic'EmBears]

California-based Jamba Juice chain relocating its HQ to Frisco
Steve Brown
May 4, 2016

Another California company is moving to North Texas.

Retailer Jamba Inc. is moving its headquarters from the San Francisco Bay area to Frisco’s Hall Office Park.

The parent company of Jamba Juice stores has leased 25,000 square feet of office space in the project at the Dallas North Tollway and Gaylord Parkway

About 100 people will work in the company’s new Frisco office.

Jamba’s new facility at 3001 Dallas Parkway will include 19,000 square feet of office and meeting space and a 6,000-square-foot test kitchen and storefront.

Full Article

[Sic'EmBears]

$1 billion Frisco Station development will start with office project
Steve Brown
May 5, 2016

The office development will be the first phase of the Frisco Station project near the northwest corner of the Dallas North Tollway and Warren Parkway.

Plans call for the 242-acre Frisco Station to wrap around the Dallas Cowboy’s new headquarters and training center.

Meyer said the Cowboys’ Star complex will focus a lot of attention on Warren Park.

“With the access to the tollway, it was the best site for the building,” he said. “We have great early interest in the project – we wish we had it done a while ago.”

The office development will be the first component of Frisco Station to start construction since the project was announced in late 2014.

“Frisco Station is unlike any other development in this region because it is specifically designed to attract and nurture the nation’s top innovative brands and emerging talent,” Mike Berry, president of Hillwood Properties, said in a statement. “Frisco Station will be a highly desired destination where the top thinkers and producers want to work, and where businesses come to thrive.”

Along with more than 2 million square feet of office buildings, plans call for Frisco Station to contain more than 2,000 apartments and homes, shops, restaurants and medical buildings.

VanTrust plans to begin construction on the first office building in September and open the project about a year later.

The entire Frisco Station project will eventually house almost 15,000 workers in office and commercial projects.

The Frisco Station building will open in the second half of 2017. (HKS)

Full Article

[Sic'EmBears]

Siteplan of the aforementioned Frisco Station office tower:

[Sic'EmBears]

Job growth fueling development of 550 luxury apartments at Craig Ranch in McKinney
Candace Carlisle
May 9, 2016

Dallas-based development group SWBC Real Estate LLC plans to get underway on a $85 million development in Craig Ranch in McKinney, which will bring 550 apartments homes to this part of the region.

The firm recently acquired 9.3 acres of land within Craig Ranch, a 2,200-acre master-planned community for the new development, which is being dubbed Central Park at Craig Ranch.

Gwin said the development group wanted to acquire land in the 121 corridor because of the nearly 50,000 jobs being created or moved to this corridor in the next 18 months.

The initial phase of the two-phase apartment project — about 270 apartments — is expected to get underway by the end of the year. Construction is slated to be complete in the second quarter of 2018.

Full Article

[Sic'EmBears]

Developer gets funding to start 4,500-home community in Celina
Steve Brown
May 10, 2016

Tomlin Investments is building the 1,408-acre Green Meadows project on Legacy Drive one mile west of the planned Dallas North Tollway extension.

The first phase of the project will include sites for 365 homes and a community center.

Green Meadows is being built 10 miles north of Frisco’s State Highway 121 corridor on the west side of Celina.

“We are about 90 days away from starting,” he said. “We are building about a $4.5 million amenity center.

Tomlin said the first home lots will be ready in Green Meadows in early 2018.

Full Article

[Sic'EmBears]

Another mixed-use development kicking off on Frisco’s $5 billion mile
Steve Brown
May 12, 2016

Goviea Commercial Real Estate is building the more than 25-acre development between Stonebrook Parkway and the Dallas North Tollway.

Four office buildings, a hotel and a handful of restaurant and retail buildings are planned in Stonebrook Park. The development will be just north of the $1.6 billion Wade Park project.

“We are breaking ground in about a week,” said Sayres Heady with Heady Investments, which is leasing the project. “The project has taken a long time to get going, and we are putting the finishing touches on it.

The three-story, 90,000-square-foot office building is at the south end of the development site.

Three more office projects that will add up to about 480,000 square feet are planned.

A row of freestanding retail and restaurant buildings will line the tollway service road on the west side.

“We are under contract for two different hotels,” Heady said. “We are talking to a couple of restaurants that would cater to the office tenants.

Construction on the first office building in Stonebrook Park should be finished next year.

Full Article

[Sic'EmBears]

Irving's Pioneer project update:

Pioneer Natural Resources gets $6 million in economic incentives for new Irving headquarters campus
Steve Brown
May 12, 2016

Irving’s city council voted Thursday night to provide almost $6 million in economic incentives for a new office headquarters for Pioneer Natural Resources.

Pioneer Natural Resources – an energy firm already based in Irving – would move almost 1,100 people to the planned 750,000 square-foot office development on Hidden Ridge Drive.

“It’s an opportunity to retain a major employer with a very highly paid workforce,” Scott Connell, director of Irving’s Economic Development department, told the council. “A critical issue for us is it secures a major anchor for the Hidden Ridge development.”

Located on 110 acres adjacent to communication firm Verizon’s long-time Irving regional office, the Hidden Ridge development will be constructed adjacent to a new DART commuter rail station.

The ambitious mixed-use project is planned to include more than 2 million square feet of office space, apartments, retail, restaurants and a hotel.

Pioneer Natural Resources new headquarters would be in the blue buildings just west of the planned Hidden Ridge town center and DART rail station. (Gensler)

Verizon has told Irving that the development could eventually be worth more than $1 billion and house up to 10,000 workers.

Pioneer’s planned office would sit on 38 acres in the center of the Hidden Ridge development, adjacent to residential and retail center and the new transit station.

“We are very excited about retaining a major employer in our community,” Connell said. “The company is still considering opportunities in other Metroplex cities.

To land the Pioneer project, Irving agreed to give the company more than more than $5 million in property tax abatements over a 10-year period. The city council also voted to give Pioneer cash economic grants of more than $700,000 to be paid in installments over a period of several years.

To qualify for the initial economic incentives Pioneer will have to have its new Hidden Ridge offices open by 2020 and 1,090 people working there. The company has said it expects to grow its workforce by more than 300 people after the project is finished.

Irving’s agreement also requires Hidden Ridge to build a large portion of its apartments in a high-rise building of at least seven floors.

Construction on the Hidden Ridge project could begin as soon as late this year. Architect Gensler has been working on master plans for the transit-oriented development.

Full Article

[Sic'EmBears]

Nevada developer buys 60 acres for a far southern Dallas industrial park
Steve Brown
May 16, 2016

Dermody Properties said Monday it bought the 60.2-acre site at Bonnie View and Telephone roads near Interstate 20.

The developer will build a 1.1-million-square-foot industrial park called LogistiCenter at Dallas on the land.

The first phase will be a 622,440-square-foot distribution center that will open in early 2017.

“We will continue to seek out opportunities to expand the Dermody Properties portfolio in the region through acquisitions of existing buildings and new development.”

Dermody Properties plans to start construction on LogistiCenter at Dallas this summer.

Full Article

[Sic'EmBears]

I heard a year or so ago that Park Place's Land Rover dealership would sit just east of the Mercedes-Benz dealership, across Texan Trail. Nonetheless, I'm excited this was finally announced.

Land Rover, Land Rover, let Park Place come over: Jaguar store exiting Plano to merge
Terry Box
May 16, 2016

Park Place Dealerships, already one of the largest luxury-car groups in the U.S., will move its Jaguar dealership from Plano and combine it with Land Rover at a new store in Grapevine.

Construction is scheduled to begin immediately on the facility, which will be located on the south side of State Highway 114 near Texan Trail Parkway.

The two luxury brands – both owned by Tata Motors, the largest auto manufacturer in India – will occupy a two-story dealership with 30 service bays and a showroom that can accommodate up to 12 Jaguar and Land Rover vehicles.

It is expected to open next spring.

Full Article

[Sic'EmBears]

Ground broken for restaurant park on State Highway 121 in The Colony
Steve Brown
May 18, 2016

Developers have broken ground in The Colony on a restaurant park that will serve a larger mixed-use development.

Jackson-Shaw said Wednesday that its 3-acre Oasis project will have room for four restaurants with outdoor dining.

The project is part of the developer’s 100-acre, mixed-use Cascades at The Colony development on the north side of State Highway 121.

Along with the hotels, Cascades includes office, retail and residential.

The project will be finished later this year.

Full Article

[Sic'EmBears]

Developer kicks off second phase of huge Frisco apartment community
Steve Brown
May 31, 2016

A Dallas developer has broken ground on the second phase of a major Frisco apartment community.

StreetLights Residential started building apartments in 2014 in the 152-acre Canals at Grand Park development on the west side of the Dallas North Tollway.

StreetLights just began leasing the first 365-unit rental community in the project at 4255 Cotton Gin Road.

Now the developer is starting 325 more units in a four-story project called the Maxwell.

“The growth in and around the Frisco area is incredible with all of the corporate relocations and the new Dallas Cowboys practice facility,” StreetLights CEO Doug Chesnut said in a statement.

The entire Canals at Grand Park project includes apartments, houses, townhomes and senior townhouses built around a series of landscaped parks and waterways. The development is expected to total $500 million in value when it’s complete.

Tricon and StreetLights are also partners on the The McKenzie high-rise, which is under construction just east of Highland Park.

Full Article

[Sic'EmBears]

More information on TD Ameritrade's new Southlake regional office campus, a story I broke February 25.

Refer to my post no. 26.

First look at TD Ameritrade’s new Southlake business campus
Steve Brown
May 31, 2016

The Omaha-based company is building a 355,000-square-foot complex on State Highway 114 next to the Solana business park. The two-building campus is next door to the corporate headquarters of travel services firm Sabre.

Designed by architect Good Fulton & Farrell, the two- and three-story buildings are joined by a 2,000-car parking garage.

Construction will begin in a few weeks; the campus is set to open late next year.

More than 1,000 TD Ameritrade workers now in two buildings in North Fort Worth will be moved to the new Southlake campus when it’s finished. The campus will eventually be able to house as many as 2,000 workers.

TD Ameritrade’s project is one of two big corporate campuses on the way along State Highway 114.

Charles Schwab is planning a 186,000-square-foot office building on the Perot family’s Circle-T Ranch in Westlake.

Westlake planning officials say that developer Hillwood has not yet presented plans for the project that’s part of a larger mixed-use development. Schwab has already rented temporary office space in the area.

Full Article

[Sic'EmBears]

Frisco's $1.6B Wade Park development continues excavation.

From a DMN article:





Plans on file with the City of Frisco show two office towers, a high-rise hotel plus additional retail and office.

[Sic'EmBears]

Two new hotel projects planned on S.H. 114 in Southlake
Steve Brown
June 1, 2016

Two new hotel projects are in the works for Southlake.

Developer Hines and Irving-based Summit 11 Investment Group are planning a 121 room boutique hotel Hines’ Carillon development at State Highway 114 and White Chapel Boulevard.

The 5-story Indigo hotel will be built in a French provincial style, according to plans filed with Southlake’s city plan commission.

Two office buildings are also planned in the Carillon park, which is just west of the Southlake Children’s Medical Center.

Another development group has received approval to build a 6-story, 253-room Westin hotel at 1200 E. State Hwy 114.

The Westin is planned to have 253 rooms. (City of Southlake)

Full Article

[Sic'EmBears]

Via Urban Dallas Photography:

Lawrence Hotel conversion

[Sic'EmBears]

New owner of two Love Field area office buildings has upgrade plans
Steve Brown
May 6, 2016

California-based investor Buchanan Street Partners bought the Bluffview Towers located at the north end of the airport.

The almost 200,000-square-foot office project at Northwest Highway and Lemmon Avenue is more than 80 percent leased.

The surge in airline traffic and business at Love Field was a major factor in the buildings’ purchase, said Buchanan Street vice president Matt Haugen.

“We have noticed a significant change in Dallas in that area,” Haugen said. “We’ve been watching the Love Field statistics.

“We believe the area around Love Field will see expansion as corporations view that as a more preferred area,” he said. “A lot of executives that live in the Park Cities would love nothing more than take shorter commutes.”

Haugen said the nearby affluent Bluffview and Preston Hollow neighborhoods were also a strong driver for his company’s purchase.

“We are going to reposition these buildings and bring them up to a first class standard,” Haugen said. “We are going to put our brand on these buildings.

“We are a believer in the Dallas market – this is our fourth investment in the last 16 months.”

Full Article

[Sic'EmBears]

New rental community kicking off construction just east of downtown Dallas
Steve Brown
May 11, 2016

The Dallas-based developer plans to build 340 units at Hall Street and Munger Avenue, a block off Ross Avenue.

“We are incredibly excited about this opportunity,” Mill Creek managing director Rick Perdue said. “With the proposed Kroger grocery store across Hall Street” the area is becoming a walkable neighborhood. “We are eager to be a part of this transformation.”

The Modera Hall Street apartments will take about 24 months to complete.

“We are starting work next week,” Perdue said.

The first units will be ready in October of 2017.

Full Article

[Sic'EmBears]

April 2016 Update:

Love Field Modernization Program

Construction kicked-off for LFMP II and Parking Garage C in May 2015 with the relocation of utilities and Department of Aviation offices, construction of the new cell lot and the installation of the parking guidance system. The beginning footprint of Parking Garage C can also be seen at this time.

[Sic'EmBears]

$7 million revamp of office towers near Love Field is close to completion
Steve Brown
May 12, 2016

A Dallas office tower complex near Love Field is wrapping up a $7 million redo.

Investor Caddo Holdings bought the two-tower, 450,000-square-foot office project east of Stemmons Freeway.

The biggest change has been tearing out a central atrium area between the towers.

The public space is being redone with wooden decking and seating areas.

“We are doing a golf simulator and a fitness center,” he said. “And there’s a new conference center.”

Construction should be completed by mid-June.

Full Article

[Sic'EmBears]

From Candy's Dirt:

This stretch of Fitzhugh between Central and Ross is where Carl and Chris Anderson of Larkspur Capital Partners are seeking city approval to re-zone for a first of it’s kind condo flats project they believe will fit the bill perfectly for young buyers.

The project is at 5209 Capitol Avenue, directly behind the Capitol Pub on Henderson. The name: Capitol Flats.

To that end, Carl and his brother, Chris, who founded Larkspur Capital in 2013, are hoping to deliver a $400,000 to $500,000 product, the first of it’s kind in this neck of East Dallas: low to mid-rise contemporary condos constructed of expensive materials (marble, quartzite, white oak floors), lots of glass store front windows, and recessed balconies.

“It is designed to be a transitional property from the brick and cantilevered retail — as you go south on Capitol, the materials become softer with synthetic cladding and wood-looking exteriors, says Carl. “We designed something we think is a perfectly beautiful fit for the location.”

Most importantly, the Anderson brothers, whom I have christened The Property Brothers, want this corridor to be completely pedestrian friendly and walkable. Their vision is to have Capitol Flats meld in with the huge new JLB Partners retail coming to the area.

“We need to get the zoning that allows one more story,” says Carl. “We are building 38 units with an average floor plan of 1500 square feet, what the market dictates. Under current zoning, which was written in 1988 before Central expanded, we could still build 38 units but they would be only 800 square foot condos. We’re putting the same number of humans in each unit, just double the size for the market.”

To get their square footage, Larkspur is asking to go higher and closer to the sidewalk: four stories instead of three, and to take side setbacks from 10 to 5 feet on the sidewalks. In exchange, they are creating underground parking and pedestrian amenities on the front such as seating and a public art court: Capitol Flats will square off 300 square feet as a public sculpture garden with rotating art as a crow pleaser.

[Sic'EmBears]

Throw one back: Vintage Dr Pepper ad planned for side of landmark Dallas building
Steve Brown
May 31, 2016

Developers who are restoring a more than century-old downtown Dallas building want to give the project a historic super graphic.

Owners of the Purse Building at 601 Elm St. want to cover part of the brick wall on the east side of the 6-story building with a reproduction historic advertisement.

Developer Tanya Ragan is seeking city approval for installation of the colorful Dr Pepper soft drink mural.

Ragan said the installation has been in the works for more than six months.

“Last we year did an art project on that side of the building,” she said. “We put the art up there and people started taking pictures and were calling us to say it looked great.

The Purse Building will be converted into a mixed-use development.

“Our plans are to do office and first-floor retail and to start by the end of this year,” she said.

The Purse Building owners plan to develop a one-story restaurant and parking lot on the vacant half-block on the building’s east side.

Full Article

[Sic'EmBears]

New Park District video:

View it here.

[Sic'EmBears]

Apartment tower in the works on downtown Dallas’ east side
Steve Brown
May 16, 2016

Developer Greystar plans to build the tower in the City Lights project on Live Oak Street a block east of downtown.

The project is planned to contain 350 apartments and 50,000 square feet of retail space, according to development plans filed with the City of Dallas.

The development plans include a “Multifamily Tower – 165 feet.”

That would be about 12 or 13 floors.

Greystar already has one Dallas apartment tower in development – the 23-story, 302-unit Ascent apartment building in Dallas’ Victory Park, across the street from the American Airlines Center arena.

Full Article

[Sic'EmBears]

First retail tenant signed for downtown Dallas’ Thanksgiving Tower redo
Steve Brown
May 16, 2016

The Dallas-based investment group is spending $37 million to revamp the 50-story, 1.4-million-square foot Thanksgiving Tower at 1601 Elm Street.

The ground floor of the 1980s building is being redone to include restaurants and retail space.

Ascension Coffee is the first announced retail tenant for the office high-rise.

The Dallas-based coffee spot will open a 2,600-square-foot location in early 2017 in the ground-floor lobby on Elm Street. The location will include a large outdoor patio.

“We’re excited to welcome Ascension to the building. It’s an innovative company that shares our enthusiasm for downtown, and this location will add a wealth of options for our tenants and the larger downtown community,” Jonas Woods, owner of Woods Capital, said in a statement. “Our extensive, curb-to-core renovation is expected to deliver in January 2017 and Ascension Coffee will be an effortless fit.”

Ascension Coffee has been in business in the Dallas Design District since 2008 and recently opened at The Crescent.

Full Article

[Sic'EmBears]

Tyler bank funds Frisco Station construction on $5 billion mile
Steve Brown
May 17, 2016

Southside Bank is financing infrastructure construction at the 242-acre Frisco Station development on the Dallas North Tollway.

Southside Bank said Tuesday that it provided loans to pay for constructing roads, water, sewer and other utilities in the project near Warren Parkway and the tollway. The work will start next month.

“Frisco Station is a marquee project in one of the fastest growing areas in the region,” Tim Carter, North Texas regional president of Southside Bank, said in a statement. “We’ve had a great relationship with Hillwood over the years and are pleased to be part of such a prominent project that will change Frisco’s landscape.”

The overall development is planned to include more than 5 million square feet of office space, 2,400 urban living units, hotel and conference facilities and more than 250,000 square feet of retail and mixed uses.

“The financing by Southside Bank is a major step forward in our efforts to turn our vision for Frisco Station into reality,” said Mike Berry, president of Hillwood.

Full Article