IN THE NEWS

Addison redevelopment bringing new urban neighborhood

A homebuilder known for its urban residential projects in North Texas is building a new neighborhood in Addison. InTown Homes is constructing 170 townhouses in its new Addison Grove project on Belt Line Road near Midway. The two- and three-bedroom townhomes will be priced from the mid-$300,000s and will be constructed in the style of brick row houses. Google Tag Manager End Google Tag Manager End Styles Important Scripts data layer setup end data layer setup - Favicons, Thumbnails, Themes - ========================================================================== // Begin Ads Setup - Google DFP, plus prebid.js // End Ads Setup The homes will range in size from 1,300 t

D-FW will top the country in warehouse building and leasing, new forecast says

Dallas-Fort Worth for the last few years has been one of the country's hottest warehouse and distribution building markets with major expansions by e-commerce companies and consumer products firms. A new forecast says that D-FW will lead the country in both industrial building demand and construction during the next two years. Show Full Story North Texas' net industrial leasing will total more than 50 million square feet through 2020, according to the report by commercial property firm Cushman & Wakefield. That's more industrial demand that the country's previous top warehouse market, the greater Los Angeles area of southern California. And it's more than 10 percent of the total 495

Presidium Starts Work On Frisco Senior Housing

Presidium has broken ground on Artistry at Edgestone, a senior housing community in Frisco. The 188-unit property, slated for completion in mid-2020, will offer apartments and independent living cottages on an 18-acre gated site. The development comes at a time of relatively strong senior housing fundamentals. During the fourth quarter of 2018, average senior housing occupancy in DFW rose to 84.1% from 83.7%, while annualized rent growth was 1.3% for the quarter, compared with 0.3% during Q3 2018, according to the National Investment Center for Seniors Housing & Care. Show Full Story Even so, DFW is a little behind the national averages for those metrics. Nationwide, average occupancy was 8

Frisco P&Z OKs development south of Dr Pepper Ballpark, including new hotel

The Frisco Planning and Zoning Commission approved the rezoning and site plans for a new development that will include a hotel, office and retail building on the northeast corner of Dallas Parkway and Ikea Drive. The 88.2-acre property is located just south of the Dr Pepper Ballpark and just north of Ikea. The property currently serves as a portion of the parking for the ballpark. The rezoning request would rezone the property to a planned development to include a hotel, office and retail space. Show Full Story The area is master planned to be an entertainment destination to complement the ballpark, according to city staff. The development would include one hotel by Sutton Hotels, three off

Developer gets closer to adding more than 2,000 residential units in Frisco

Developer HALL Group received approval from Frisco's planning commission to not only add 2,000 residential units to HALL Park, but to build towers more than 25-floors tall on the eastern side of the project — though final approvals must go through the city council. That's according to a report from the Dallas Morning News. The redevelopment of the 162-acre project would involve creating new housing — intended to be luxury apartments and condominiums — and other mixed-use space, including the possibility of hotels, retail, a performance center and park. Show Full Story "We believe if we don't add a live-work-play mixed-use we are going to be a declining asset, which is not good for the city,

New mixed-use project set to start in Plano's $3 billion Legacy West

Developers of Plano's $3 billion Legacy West project are shifting gears on their next building. Previously, a boutique hotel and retail space had been announced for the vacant block at the north end of the Legacy West Urban Village, at Headquarters Drive and Windrose Avenue. Now the plan is for a combination office, retail and apartment building instead. "We decided to increase the office component instead of a hotel," developer Fehmi Karahan said. "Building the office makes more sense." Show Full Story StartFragment Karahan said construction on the six-story building will start next week. Designed by Gensler architects, the project will include almost 87,000 square feet of office space and

DFW Real Estate Stories To Watch For in 2019

StartFragmentExpect a trend toward luxury development as well as construction issues stemming from high materials costs and an inability to find skilled labor.EndFragment StartFragmentFlurry of Luxury High-RisesEndFragment StartFragmentUrban Dallas is suddenly seeing the launch of a multitude of ultra-luxury residential towers. They include 41-story Atelier and 28-story HALL Arts Residences in the Dallas Arts District, the 39-story The Victor in Victory Park, the 22-story The McKenzie in Knox-Henderson, and the 60-story AMLI Fountain Place downtown. Designed to catch the wave of downsizing baby boomers, these ivory towers come with top-of-the-line amenities and finish outs. But with so many

Amazon Plans To Expand Whole Foods, Ramping Up Competition With Major Grocers

Amazon is planning to expand the national footprint of its Whole Foods chain with new stores and by making existing locations larger. The expansion of the brand, which the e-commerce giant bought in 2017 for more than $13B, would add suburban locations and locations in new markets in the United States and possibly elsewhere. The expansion would also ramp up Amazon's ambition to compete with Walmart and Kroger, which hold the largest shares of the nation's grocery market. That is because more Whole Foods stores would put more customers within range of Amazon's two-hour delivery service, Prime Now, the Wall Street Journal reports. More Whole Foods locations offering Prime Now delivery would me

Frisco ISD added more than 15,000 students in 5 years. What's behind the boom?

Jamie Heit had a list of criteria for where to live when her husband's job suddenly relocated the couple and their children three years ago from the East Coast to North Texas. StartFragment Good schools were at the top. A neighborhood close to the Dallas North Tollway for her husband's commute to Uptown followed close behind. Bonus points for Heit — whose high school graduating class didn't even top 100 — if the high schools were on the smaller side. (She automatically nixed the mega, one-high-school town of Allen, the state's largest high school with nearly 6,700 students last school year.) Show Full Story The family landed on another Collin County district: Frisco ISD, the fastest-growing

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