Dallas

[OUman]

Maybe a bad choice of words on my part, but yeah, more or less, I don't want Oklahoma City becoming a boomtown.

[Sic'EmBears]

New York-based shared office concept to put Texas hub in Arts District


Hall Arts

A New York-based shared office concept is bringing its first upscale coworking concept to the Dallas Arts District with the help of Dallas developer Craig Hall, who recently invested an undisclosed sum in the company.

Along with being an investor, Hall will be the landlord for Serendipity Labs Coworking, which plans to open its 29,000-square-foot Texas hub on the 17th floor and ground floor of KPMG Plaza at Hall Arts.

The hub-like office in the Dallas Arts District will serve as a launching pad for other Serendipity Labs Coworking offices in North Texas. Last year, the company announced plans to open nine locations in the region.

"We think there is enough pent-up demand in Dallas-Fort Worth to justify eight really good locations," said Doug Denman, president of Worth Coworking. "We have begun looking at the markets we will want to be in."

The 17th floor at KPMG Plaza will give Serendipity's initial North Texas location views throughout Dallas' skyline and will help solidify the coworking concept's upscale brand in the region, he added.

Construction is slated to begin by the end of next month. Serendipity has yet to select a general contractor.

Officials say they expect to be up and running for members by this November.

[Sic'EmBears]

More quality reporting courtesy of Dallas Morning News.

Windrose Tower's website states the condominium tower to be 24 floors.

27-story condo tower construction starts this week in Plano's Legacy West


Windrose Tower

Project Location

On Thursday, construction will start on a 27-story condominium tower in the heart of the mixed-use development.

The Windrose Tower at Legacy West high-rise is being built next door to Liberty Mutual Insurance's new regional office complex on Headquarters Drive.

The luxury residential tower will have condos ranging from 1,850 square feet to 11,000 square feet for the penthouse.

With more than 100 homes, units in the building is expected to be priced at $1 million and up.

[John1744]

I know this is primarily about developments but any recommendations for affordable hotels for a small family in the DFW area? We're planning a 3 day trip there next month and want to hit up the Fort Worth Zoo, Dallas Aquarium, Perot Museum and maybe some shopping at Ikea or some of the malls in the area.

[Sic'EmBears]

I know this is primarily about developments but any recommendations for affordable hotels for a small family in the DFW area? We're planning a 3 day trip there next month and want to hit up the Fort Worth Zoo, Dallas Aquarium, Perot Museum and maybe some shopping at Ikea or some of the malls in the area.

I'll PM you tomorrow.

[Sic'EmBears]

Via DMN - DFW places second in North America data center absorption:

Still, Bond said D-FW had Chicago beat by a metric that’s even more important than raw supply: absorption.

That’s how much of that storage capacity is actually booked up by data tenants, or the companies that don’t want to house giant servers for all the information they need to run their businesses.

And Bond said that as more and more data center ecosystems hit their stride, it’s a better indicator of how well-balanced regional markets are.

D-FW’s absorption in the first half of 2017 was a 50 percent increase over the same time in 2016.

“The story on Dallas is we have a great demand pipeline and the ease to build,” Bond said.

Bond said that part of the reason D-FW is, in a way, playing catch-up to other markets is that its fast-growing business base is more diverse than Chicago’s, Northern Virginia’s or Northern California’s.

[Sic'EmBears]

Residences at Hall Arts, new rendering.

Residences start at 1,600 SF for $2 MM. Average unit size just under 4,000 SF, or just under $5 MM.

Work scheduled to begin October 16, 2017.

[Sic'EmBears]

Exclusive: Sam Ware to give new life to former Parkland campus

The longtime Dallas developer and business partner Jeff Blakeley of Dallas-based Dreien Opportunity Partners LLC are under contract to buy the 1.4 million-square-foot property, with plans to give it a second life as an amenity-rich destination called The District.

"You could not replicate this today for under $500 million," said Ware, who calls this a "once in a lifetime," opportunity.

Some of the proposed plans include:

• Convert the emergency room tower into a hotel to cater to the Medical District. A hotel flag has yet to be selected and a hotel study is being conducted to determine demand for rooms.
• Build small condos that can be sold at a price point ranging from the $200,000s to the $750,000s.
• Develop micro-unit apartments by combining two patient rooms into a 500-square-foot apartment that can be rented at a discount compared with Uptown rents.
• Retrofit rooms to offer a wide range of senior living capabilities from assisted living to memory care.
• Bring in a variety of amenities ranging from valet services, a high-end workout facility, eateries such as a 24-hour diner called Scrubs, a grocery store, high-end 7-Eleven store and other amenities doctors, nurses, patients and residents might need to stay in The District.
• Convert a two-story underground MRI facility into a parking facility to add up to 900 parking spaces to the campus.

[Sic'EmBears]

NetScout Systems Inc. to break ground this week on its Allen regional HQ.

The 145,000 SF facility will include a courtyard, fitness center and cafeteria.


BOKA

[Sic'EmBears]

Oak Cliff's Wynnewood Village owner Brixmor plans upgrades for the 1940s shopping center



Project Location

Wynnewood was built in 1949, decades before enclosed malls were built. It was laid out like a village with one-story buildings and parking around the streets.

A plan is taking shape to spend about $30 million to make the shopping center “more relevant to the community,” said Matthew Berger, president of the West division of Brixmor.

"Their team has flown in three times in the last two months and we've had other conversations," Griggs said. "We welcome their vision and redesign. The addition of new tenants will benefit all of Oak Cliff and southern Dallas."

He said it will take at least another 60 days before leases are signed, but said the prospective tenants are services that aren’t in the center now.

Architectural renderings provided by Brixmor show a theater and a fitness center.

“This is a project we’re ready to start tackling now,” Berger said.

The core shopping center will get new landscaping, façade and parking areas, Berger said, and a section near an existing roundabout will be a new focal point of the shopping center.

Brixmor is still working on plans, he said, but a second phase will include the large vacant field in the middle of the center where a Montgomery Ward store once stood.

[Sic'EmBears]

Simpson Strong-Tie manufacturing company will expand its McKinney facilities by 98,000 square feet this year

California-based Simpson Strong-Tie is expanding its current manufacturing and warehouse facilities located at 2221 Country Lane, McKinney.

The 98,000-square-foot addition, which is expected to be complete by the end of November, will expand the company’s training center, office, manufacturing and warehouse facilities.

Project Location

[Sic'EmBears]

California tech company moves its headquarters to Plano

Originally stationed in the tech-hub of Silicon Valley, Solid Americas announced Wednesday the opening of its headquarters in Plano—adding to the growing list of companies relocating to North Texas.

Solid, a South Korean-based communications product manufacturer, will hold its open house celebration of the 20,000 square foot facility Thursday at 800 Klein Road.

The tech company specializes in providing cellular connectivity solutions for high density areas, such as stadiums, university campuses and large corporate headquarters, according to the press release. One of its current clients is Toyota’s recently-opened, 2.1 million square-foot North American headquarters.

Solid’s facility will also include a research and development center, an assembly and testing facility and a training center for clients and employees.

Project Location

[Sic'EmBears]

Developers buy properties along Oak Lawn's Maple Avenue for future project

Almost three blocks along busy Maple Avenue have been purchased by two real estate companies created by MQ Development, a Dallas-based shopping center firm. The companies have purchased more than three dozen properties over more than a year, Dallas County records show.

Most of the property is on the south side of Maple, stretching about three blocks between Wycliff Avenue and Lucas Drive. The purchases include automotive businesses, small retail buildings and offices.

The buyers also have bought several blocks of small homes in the area behind the business strip.

Builders are already making moves in the residential blocks between Maple and Harry Hines Boulevard, buying up old homes and property to build houses and townhomes.

Project Location

[Sic'EmBears]

Stillwater Capital Tees Up a Multifamily Project in Deep Ellum



Project Location

Stillwater Capital expects to begin construction this fall on a five-story apartment building with parking garage in a far south corner of the Deep Ellum District.

Their project quietly waltzed through the City Plan Commission in late June as a preliminary plat application that was prepared by Brown & Gay Engineers Inc. and approved by the commission without discussion.

According to state architectural project records, this involves new construction of a multifamily structure that will contain 336 units, a garage, club room for tenants, and a gym. The estimated cost is $34 million.

The Deep Ellum project is on a 4.8-acre tract, an entire block bounded by South Hall Street, Jeffries Street, Chestnut Street and Interstate 30 East. The new plat divides the block into two lots.

[stick47]

Out of control boomtown to me is one where urban sprawl outpaces a cities ability to provide services (or to maintain the streets that were already here before the boom. Kind of like they're doing now)

[Sic'EmBears]

Two business services firms would bring more than 1,000 employees to new Irving offices

Cognizant Technology Solutions U.S. Corp., a provider of information technology, consulting and business process services, plans to relocate their regional headquarters to an office building in Las Colinas.

The office move will result in the relocation or hiring of up to 1,090 employees with an average salary of $70,000, according to filings with the Irving City Council.

Cognizant plans to rent 40,000 square feet of space in the building for the first phase of its operation.

Cognizant is based in New Jersey and has its technology solutions U.S. headquarters in College Station and an office on Las Colinas Boulevard in Irving.

[Sic'EmBears]

Las Colinas data center gearing up for major expansion

A Kansas data center firm is eyeing a major expansion of its Las Colinas campus.

QTS Realty in 2013 purchased the former 700,000 square-foot Maxim semiconductor manufacturing plant on Longhorn Drive in Irving and converted it to a data center.

QTS recently filed more than $78 million in building permits to finish out two data halls and construct a new building on the campus

The expansion would make the Las Colinas project one of the largest data centers in North Texas.

[Sic'EmBears]

Park District:


Park District

Bleu Ciel:


CTroyMathis

Katy Station:


Andres Construction

1900 Pearl:




maconahey

The Union:


The Union

No. 10 Harwood, lower right:


Harwood District Dallas by Joseph Haubert

[Sic'EmBears]

Legacy South, Plano's newest 210,000 SF office building.

Set to open early 2019.



DMN

[progressiveboy]

Dallas Business Journal reports possible DFW relocation for Pei Wei.


https://www.bizjournals.com/dallas/n...cation-to.html

[Eric]

Why do cities do this type of thing. It's not like Pei Wei is being "bought" for $75k. The boss likes Dallas better, so here they come. Why even bother?

[Sic'EmBears]

D-FW tops the country in single-family home construction

During the year ended with June, builders started 31,049 single-family homes in the D-FW area, according to data from Metrostudy Inc.

That's up from the 29,626 single-family home starts that put the area at the top of the national building ranking in 2016.

Builders got permits to start 20,704 apartments in the year ending June. That's second nationally only to New York City which had 29,746 multifamily permits.

"During the energy bust, Houston builders were forced to reproduct and drop prices to meet the changing demand," she said.

[Sic'EmBears]

While Dallas manufacturing thrives, Austin and Houston rank as nation's worst


Tony Romo Tribute by Joseph Haubert

Texas Job Creation/Loss by County

• Dallas + 3,200
• Travis - (3,000)
• Harris - (19,000)

North Texas Job Creation/Loss by County

1. Dallas + 3,200
2. Denton + 396
3. Kaufman + 249
4. Rockwall + 249
5. Collin + 225
6. Ellis + 77
7. Tarrant - (2,095)

Dallas County created 3,191 manufacturing jobs in 2016, according to Headlight Data. That ranked No. 3 in the U.S. for most jobs created.

Dallas' success stands in stark contrast to Travis County, Austin's home, which lost 3,000 manufacturing jobs. Travis lost the second most manufacturing jobs nationwide.

And the county that lost the most? Harris County, home of Houston, which lost 19,000 manufacturing jobs. Dallas' neighbor to the west, Tarrant County, didn't fare well either, losing more than 2,000 manufacturing jobs last year.

"Oil and gas is very tied to metal manufacturing, and of course in Houston that's going to fall," Engle said, citing the downturn in the oil market.

What's driving growth in Dallas County is beverage, computer and electronic product, and plastics and rubber. Dallas County ranked ninth, second and third in the U.S., respectively, in those categories.

[Sic'EmBears]

Wondering about all that construction at the arboretum? Here’s what’s up.

Later this fall, visitors will be able to experience A Tasteful Place, a working garden, or “portager” as the French say. The 2-acre space will be populated with fruit, vegetables, herbs and flowers, and will include orchards, a picnic lawn, patios and trails that overlook the lake and downtown.

You cannot miss the 3,600-square-foot Garden Pavilion, which includes a dining room and commercial kitchen for cooking classes, educational programs and chef-prepared meals. The healthful meals will be sourced from the garden’s produce, which will be grown sustainably. Throughout the year, there will be daily tastings, cooking classes and demos about planting and harvesting fruits and vegetables.

[Plutonic Panda]

The Trinity Tollroad has been killed by the Dallas City Council and will likely be dead for the foreseeable future.