DALLAS FORT WORTH | Urban + Suburban P & C

[skys the limit]

Akard Place project to start in Downtown Dallas



The Akard Place project will have two towers located just north of Woodall Rodgers Freeway in Downtown Dallas, a 20 story residential tower and a 16 story office tower.

Ground floor retail and a large public plaza will connect the two buildings. (RED)

http://bizbeatblog.dallasnews.com/20...t-towers.html/

[maconahey]

^Another image from RED


City Lights



Farfield Residential project is finally moving again



click for larger image

[maconahey]

Update photos from The Baron at DFWU

(images hidden b/c they are so large)

Frost Tower

McKinney & Olive site

2500 McKinney @ Fairmount / Whole Foods

Goat Hill

[R1070]

It's funny that the RED development rendering states a 16 story tower, but a 25 story tower is pictured. They must have scaled down the project, but you'd think the images would be updated. Everyone keeps talking about the office shortage in Uptown, I'm sure they could do well with the 25 story tower.

[skys the limit]

Chase, Caterpillar, Google, Amazon, Charles Schwab, Ameritrade, CoreLogic and Fidelity —
Breaking Down Other Big Deals in the works for the Dallas Office Market

BY CHRISTINE PEREZ, MAY 02, 2014 AT 4:13 PM
D Real Estate Daily Blog


Unprecedented.

That’s how local real estate brokers and economic development officials are describing office leasing activity in Dallas.

Toyota’s big headquarters relocation has brought to light other big searches under way—all adding up to millions of square feet in new demand.

Off-the-record talks with about a dozen real estate sources revealed the following prospects:

* JPMorgan Chase (1 million to 1.4 million square feet)
* Caterpillar (1 million square feet, headquarters relocation)
* Google (1 million square feet)
* Charles Schwab (300,000 to 350,000 square feet, relocation from San Francisco)
* TD Ameritrade (300,000 square feet)
* CoreLogic (350,000 to 400,000 square feet)
* Fidelity (300,000 square feet).

There are at least three big “blind” searches in the market as well. One of them bears the code name “blizzard,” sources say. The largest is 1 million square feet, the second is 400,000 square feet, and the third is 350,000 square feet.

All of this is on top of the 1 million to 1.4 million square feet that Toyota will build, the 2 million square feet State Farm is taking at CityLine, the 500,000 square feet Raytheon also is taking at CityLine (sources say Raytheon is looking for more space beyond that), and the 265,000-square-foot headquarters for FedEx Office.
....

John Crawford, President and CEO of Downtown Dallas Inc. says "After State Farm and Toyota … success breeds success."

The size of the companies, and the deals, is staggering, Crawford said:

“As it relates to other cycles, I’ve never seen anything like it.

And these are not short-term deals. Executives are creating 15- to 20-year plans to create opportunities for their employees. In my experience, two things are going to happen: the initial numbers will grow exponentially larger, and there will be a number of vendors who will want to cluster around big relocations.”
....

Full article: http://realestate.dmagazine.com/2014...aking-it-down/

[Owlhorn]

Originally Posted by R1070

It's funny that the RED development rendering states a 16 story tower, but a 25 story tower is pictured. They must have scaled down the project, but you'd think the images would be updated. Everyone keeps talking about the office shortage in Uptown, I'm sure they could do well with the 25 story tower.

This is correct, they proposed this a couple of years ago and it was a bit taller.

I think some of the hesitance has been with the office side of things and how quickly Victory Park and the Olive and McKinney sites were quick to announce, and not to mention Blue Ciel, though condos was really quick to announce and start building its info center. I think if it were just apartments, with the pension fund they would announce a start date in a month. Instead they need to market the office space a little. If they could land one of the talked about corporate relos, the project would grow. I would prefer Spire land one of these though and finally do something before that project gets cancelled.

[dch526]

Originally Posted by R1070

It's funny that the RED development rendering states a 16 story tower, but a 25 story tower is pictured. They must have scaled down the project, but you'd think the images would be updated. Everyone keeps talking about the office shortage in Uptown, I'm sure they could do well with the 25 story tower.

I believe it's 16 floors above a parking garage and ground floor retail. If you start counting from the exposed columns up then it would be 16 floors of office and the rest would be part of a parking garage.

[Dallaz]

For $600 million, developer proposes garage, ‘fancy’ grocery and two 70-story residential towers for Pacific Plaza

http://cityhallblog.dallasnews.com/2...ic-plaza.html/

Back to Sarimsakci’s proposal, which he says will cost $600 million and involve a public-private partnership that involves the city becoming a “20 percent partner in the deal.” That right there might be a sticking point: City officials killed an earlier proposal involving an underground parking structure when they told Tower Petroleum and, for now, Corrigan Tower owner John Kirtland they didn’t want to be in the parking-lot business

[toxteth o'grady]

Houston offered incentives for developers to bring apartments downtown, but I don't know that they ponied up $100 million for the whole kit and kaboodle. I think the City's going to conclude there are other priorities. And other developers willing to commit for far less.

[Clev]

Wow, Dallas is on fire.

[Onn]

Yeah! Great news for Dallas! It's Texas' finest!

• Video Link

[dollaztx]

Dallas Plan Commission approves proposal for mid-rise along Katy Trail


The Dallas Plan Commission voted in favor of a rezoning proposal Thursday that could pave the way for an 84-foot-tall luxury apartment building near the Highland Park border.

The proposal was opposed by Highland Park officials, who said it would infringe on residents’ privacy in their town.

http://www.dallasnews.com/news/commu...katy-trail.ece

[R1070]

Originally Posted by dch526

I believe it's 16 floors above a parking garage and ground floor retail. If you start counting from the exposed columns up then it would be 16 floors of office and the rest would be part of a parking garage.

16 + 9 does equal 25

[R1070]

Originally Posted by manuelpr

Dallas Plan Commission approves proposal for mid-rise along Katy Trail


The Dallas Plan Commission voted in favor of a rezoning proposal Thursday that could pave the way for an 84-foot-tall luxury apartment building near the Highland Park border.

The proposal was opposed by Highland Park officials, who said it would infringe on residents’ privacy in their town.

http://www.dallasnews.com/news/commu...katy-trail.ece

[JoninATX]

Excellent! I know there was much doubt in getting this built. Hoping it comes to friction.

[Sic'EmBears]

Originally Posted by JoninATX

Excellent! I know there was much doubt in getting this built. Hoping it comes to friction.

*fruition

[JoninATX]

Originally Posted by Sic'EmBears

*fruition

Lol, Thanks. I just realized my mistake.

[Dallas Snob]

Originally Posted by JoninATX

Lol, Thanks. I just realized my mistake.

I was thinking that "friction" may just end up being more accurate if the residents resort to legal action to prevent the construction. Back east, there are projects held up for 5-10 years because of rich NIMBY's.

[Sic'EmBears]

Originally Posted by JoninATX

Lol, Thanks. I just realized my mistake.

Haha, no problem. I used to say fruitition.

[Dale]

The pop singer Sting said 'fruish'