Dallas

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Legacy Kinkaid Tower

June 14






Andres Construction Services

Park District




Park District

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Park Plaza, site of the world's first drive-through bank, Hillcrest State Bank (1938)

• Mixed-Use
• Office
• Retail
• 347,000 SF

The ground-floor retail serves as an amenity for the office workers and activates the street level.

The streetscape and pedestrian crossing areas are carefully planned to ensure visitor safety. Since the development will be built on the site of an old office building and two surface parking lots, the project required extensive rezoning through the City of University Park. The design was successfully approved by the Planning and Zoning Commission and is anticipated to start construction soon.

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DFW Lands Financial Giant Charles Schwab Regional Hub! 5,000 Jobs!!


https://www.bizjournals.com/dallas/n...n-work-on.html

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Plans for a new downtown Dallas grocery store are making the rounds



Project Location

Another block of downtown Dallas — the street level of the Mercantile Building — is being prepared for new retail tenants, including a long-sought-after grocery store.

The Urban Design Peer Review, a group that works with the City of Dallas Plan Commission, has been shown plans that include a Royal Blue Grocery on Ervay Street.

The grocery is shown on plans in the Mercantile Building storefronts on the corner of Ervay and Main streets. The Peer Review plans from Droese Raney Architecture mention the possibility for some outdoor seating.

Royal Blue partnered with Dallas investors Zac Porter, Emily Ray-Porter and Cullen Potts in 2015 for its first Dallas store in Highland Park Village.

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D-FW leads the country in office building leasing

Dallas-Fort Worth topped the country in office leasing for the second quarter, thanks to a growing economy that fueled demand for new office space.

Net office leasing in the D-FW area totaled 1.4 million square feet in the just-completed quarter, according to a new report from Cushman & Wakefield Inc.

The D-FW area led the country in employment growth in May, with almost 116,000 more jobs than in the same month in 2016.

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Lot adjacent to 5005 LBJ (formerly Pinnacle Tower, before that, Occidental "Oxy" Tower) has a post sign with conceptual renderings of a new office building.

Up to 250,000 SF is available for construction.

Property, dubbed Pinnacle Tower II, is at Inwood and Galleria Dr.

Project Location

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Family office begins work on new office building near Maple Avenue in Dallas



Project Location

The new four-story, 31,483-square-foot boutique office building, called Parkland Knight, will sit at the corner of Knight and Fairmount streets in Dallas upon completion.

John Thompson Jr. of J.T. Philip Co., along with Nancy Tartaglino Richards and Lisa Barrentine — founder and CEO, respectively — of First Preston HT, will own the office building, which is slated for completion by the end of summer 2018.

The families' home offices will sit on the fourth floor of the office building, totaling 9,000 square feet.

The building will also have a rooftop terrace with views of downtown Dallas and a ground-floor coffee shop.

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Statler Hotel developers starting garage and mixed-use project this month in downtown Dallas


Preservation Dallas

Dallas' city plan commission has given approval for a mixed-use building that would be constructed on Harwood Street next door to the former Dallas Public Library building.

"CADG Jackson Parking A LLC, an affiliate of Centurion American Development Group, plans to break ground on a six level subterranean parking garage located at the northeast corner of Hardwood and Jackson streets in downtown Dallas," Centurion American Development representatives said in a statement.

"Future plans also include construction of residential housing units above the garage.

"Construction on the garage should begin July 2017," the spokeswoman said. "The garage is being built to help meet the parking needs of the Statler Hotel & Residences as well as the Statler Library.

Project Location

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Global law firm gains foothold in Uptown with Park District deal


Winston

Global giant Winston & Strawn LLP will open its new Dallas office in Uptown's Park District office tower adjacent to Klyde Warren Park, putting the law firm in a high-profile building with building signage rights.

The law firm decided to lease two floors at PwC Tower at Park District totaling about 56,000 square feet of office space and building signage rights.

Winston & Strawn, which was founded in Chicago, has been looking for a permanent home in Dallas since February, when the firm announced it had lured nearly two dozen prominent North Texas partners from eight different area firms to open the new office.

A former federal prosecutor who is recognized as one of the leading trial lawyers in the nation, Melsheimer said this office could be one of the most successful law firms in Dallas.

"There's a trend of law firms going to Uptown or on the north side of downtown Dallas as Uptown remains tight," said Puckett, an executive vice president in CBRE's Dallas office.

The high-quality office buildings are attracting prestigious law firms wanting to build their brand and identity in Dallas, he added.

"Dallas is such a major focus in the United States right now, with law firms wanting to brand their firms on the buildings in a tasteful manner; and we've never seen this in the past," he said

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Restoration Hardware is proposing an RH Gallery and Guesthouse (RH hotel) on Knox.

The Guesthouse is expected to follow MePa's Guesthouse, opening this Fall.

Also proposed is a showroom cafe and spa at the Guesthouse.

Get the dirt here.


Knox Elevation




Second-level floorplan


Cole Ave. cross-sectional

Project Location

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Renderings and stats for Hidden Ridge:

• Pioneer Natural Resources HQ
• DART Orange Line station
• 110 acres
• 1.5 million SF corporate office space
• 200-room hotel
• 1,200 residential units
• 80,000 SF retail and restaurant space
• greenspace

DMN






DMN

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California manufacturer lands in Rockwall with new plant

Lollicup USA said Thursday that it will build a 700,000 square-foot industrial project in Rockwall near Interstate 30.

The planned manufacturing center east of Dallas will employ about 200 people.

Construction on the project will start within 120 days, Lollicup USA CEO Alan Yu said.

Lollicup's new plant is scheduled to open in October 2018.

The planned Rockwall facility will be its second production center.

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"Major" project, another overstatement by Steve Brown.

Also, Montgomery Blvd. is west of Central, not east as stated in the article.

Major 600-unit rental project will add to Allen's building boom



Project Location

Georgia-based Davis Development wants to build a more than 600-unit rental community just east of U.S. Highway 75 on Montgomery Boulevard.

The almost 11-acre apartment development would be southwest of the popular Watters Creek restaurant, retail and apartment development at U.S. 75 and Bethany Drive.

Designed by Dallas architect Humphreys & Partners, the 5-story apartment project would have two large buildings with 363 and 252 units, according to plans filed with the City of Allen.

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The Statler brings in operator to manage five restaurants and bars, events

The operator, Dallas-based Epic F&B LLC, will manage and operate about 58,000 square feet of space at The Statler, with the help of local chef Graham Dodds, who is the culinary director for the operations firm. Dodds served as the original chef of Bolsa.

• Overeasy: A farm-to-table concept serving breakfast, lunch and dinner with a gourmet coffee bar with patio space on Commerce Street.
  
• Scout: (see below) A 12,000-square-foot space with American food, craft beer, live music, four bowling lanes, four ping-pong tables, billiards tables and foosball tables.
  
• Fine China: A full-service lunch and dinner Pan-Asian restaurant and cocktail bar with sake, Japanese whiskies and high tea.
  
• Bourbon & Banter: An underground cocktail lounge with a bourbon and whiskey library and craft cocktails.
  
• Waterproof: (see below) A poolside roof deck and lounge on the 19th floor of The Statler.
  
• The Grand Ballroom: A nearly 12,000-square-foot space that could host concerts, large events and weddings. Former performers in the ballroom include Frank Sinatra, Michael Jackson and Tony Bennett.

Curio Collection

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Downtown Dallas building redo gets $14.6M in funding



Project Location

Called Mid Elm Lofts, the buildings at 1512, 1514 and 1516 Elm are being converted into a combination of retail and loft apartments.

Metropolitan Capital Advisors said Thursday that it has arranged a $14.6 million construction loan for Westdale Real Estate Investment and Management for the project.

"Mid Elm Lofts will feature 29 high-end, boutique apartments in a turn-of-the- century loft setting, with ground floor retail, basement retail and a trendy rooftop retail area," the Dallas-based financial firm said. "Due to the complexity of the project, it took 3 years to arrange the financing of this project."

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Glade Park in Euless to get DFW's eighth Aloft hotel.

Read more here.

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Texas on tap for new U.S. Cricket stadium with help of JLL

Dallas-Fort Worth could get another major sports team added to its roster as part of a $2.4 billion venture to launch another U.S. sports league, which would be the biggest pitch since Major League Soccer.

Global Sports Ventures LLC, which announced it planned on establishing a professional cricket league in the United States, hired JLL's sports and entertainment group to find attractive development sites in eight U.S. cities, including Dallas-Fort Worth.

If the sites are found, these cities could be home to a cricket-specific stadium and a mixed-use development as early as 2020.

Dallas-Fort Worth will be a big contender for the planned Texas charter location.

Other charter cities or regions include: New York, New Jersey, Florida, Washington, D.C., Georgia, Illinois and California.

Upon its launch in 2020, the U.S. Cricket League plans to expand in four to six additional markets.

The first eight stadiums and their surrounding developments are expected to cost Global Sports Ventures $2.4 billion and create 17,000 jobs. Each development could have a cricket stadium, club house, restaurants, hotels, retail, residential and office space.

JLL's International Director David Demarest said the brokerage firm has already begun its site selection and is reviewing multiple sites within the targeted cities.

The stadiums are expected to cost $70 million to $125 million, with ancillary costs of $80 million to $100 million for the mixed-use developments accompanying the cricket stadiums.

11 Alive

[Geographer]

Could they repurpose the Ballpark in Arlington to house a cricket team? I've never been to a cricket match before, but that would be better than tearing down the ballpark.

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Could they repurpose the Ballpark in Arlington to house a cricket team? I've never been to a cricket match before, but that would be better than tearing down the ballpark.

Probably.

The Ballpark is not going to be demolished.

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Dream Hotel Group of NYC to build world's first Unscripted Hotel in Flower Mound:

Flower Mound P&Z approves hotel-anchored development



Project Location

“The inspiration behind the design elements was to preserve the views– from the inside to the outside; and, from being surrounded by nature on the lower levels, up to being in the tree canopy on the highest levels,” said Randi Rivera with G&A Consultants in her presentation.

She added that the centrally-located natural north-south area, featuring an intermittent stream, is environmentally protected. The hotel and interior office buildings’ views overlook the natural setting.

It features a mid-century and contemporary look for a natural, yet upscale and timeless aesthetic. The building materials feature durable manufactured wood-composite panels, glass, natural stone which are all-weather-resistant.

He approached the Dream Hotel Group of New York to create a “lifestyle,” upscale brand of environmentally-friendly hotel.

The 134-room hotel concept features a design that has not been built anywhere else.

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Residences at Park District, from PwC Tower:


Park District

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Planned mixed-use project of nearly 275 acres would be one of the first along I-20



Project Location

Centurion American Development Group is getting approvals for the almost 275-acre project at I-20 and Lancaster Road. The development would include sites for construction of townhouses, apartments, retail, office and hotels.

A preliminary site plan shows that the retail and commercial construction would be concentrated at the south end of the property near I-20.

Townhouses and apartments would be built at the north end of the heavily wooded tract near the DART light rail Blue Line.

Centurion American's planned development is just southeast of the University of North Texas' southern Dallas campus and is adjacent to a DART commuter rail station.

Homes in the project would be within walking distance of the transit line, according to city planners.

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Texas' fourth, DFW's third, Equinox Fitness club to open at Willow Bend in Plano.

This Texas Mall Fights Back with a Luxe Gym, Celeb Chef Restaurants and a Kids Theme Park

It’s All Part of $125 Million Expansion

The mall is adding upscale lifestyle fitness club Equinox to its growing roster of attractions. The popular and controversial fitness empire will open a location in the Shops at Willow Bend come fall 2018.

The upcoming Equinox will occupy a 35,000-square-foot space on the south side of the mall, next to Restoration Hardware, Neiman Marcus, and Crate & Barrel.

The club will offer a wide selection of fitness programs, such as strength and cardio training, cutting-edge group classes, and personal training.

There will also be a number of lifestyle-focused programs, services, and products. Members will have access to food and juice bars, apparel shops, and spa services and goods.

The luxurious gym will be complete with a large rooftop deck for special events and programming.

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DFW places second, only behind NYC, in apartment delivery for 2017.

Via Rent Cafe:

Dallas-Fort Worth, the job-centric Texas mega-hub that has seen the largest population increases in the entire country, adding approx. 143K new residents from 2015 to 2016, is second when it comes to new apartment supply.

No less than 25,000 new units are planned for completion this year, making Dallas even more desirable for renters who seek affordability and variety in their housing choices. The local rental market is relatively stable with rent growth at a moderate 3.5% y-o-y. Average rents in the Metroplex hover around $1,094, significantly lower than the national average and half of what New Yorkers shell out on rent on a monthly basis.

Moreover, with a diverse economic sector and steady job growth, the employment picture is rock-solid in D-FW, so it’s no wonder young professionals are arriving in droves.

Candys Dirt

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Park District:

PwC Tower (right), Residences at Park District (left)



Residences at Park District


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