Dallas Fort Worth Urban Forum

Apparently the DMN continues to offer periodic marketing pieces for proposed developments. I thought that might have stopped with Steve Brown's retirement.

Per DMN this morning: Four Seasons Turtle Creek to move ahead ‘full bore’ Ground could break on the project, which has been in the works since 2021, at the end of this year. That article was mostly a bunch of nothing, but you (as well as the DMN) buried the lead, which is that the project has shrun...

This one is just floundering away. Typical of Perot. It's really not fair to blame Perot for this floundering. Perot has a bad track record on large developments like this and his reputation continues here. When you wait too long, things fall apart. As interest rates go up, so does the likelihood t...

rono3849 wrote:

dallaz wrote:Any updates? Construction is suppose to start this month.

This one is just floundering away. Typical of Perot.

It's really not fair to blame Perot for this floundering.

March 2024 Two sold. 35 sold in 46 months. (0.76 per month) 14 remaining. Sell-out projection (assuming they maintain that pace of sales): 5 years, 5 months In the last twelve months, I believe they have sold six units; if they continue at that pace of sales, sell-out will not occur until 8 years, 8...

April, 2024

Zero sold. 111 sold in 77 months (1.44 per month) 47 remaining.

Sell-out projection (at that pace of sales): 9 years, 2 months.

To address your last point, I suspect it's a combination of 2 factors at play. 1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to ...

R1070 wrote:Nice... I wonder what flag would go in there? I hope to see all of those bare areas fill in with hotels and such.

Your guess is as good as anyone's; and I do mean anyone, including the county commissioners, the architects . . .

There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria. Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agr...

To address your laat point, I suspect it's a combination of 2 factors at play. 1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to ...

Just to add a bit more context, in the past year, Galleria Dallas has added and lost the following stores: New to Galleria Dallas: 3.6.5 (Local?) Kittenish (stayed briefly; see Departed Galleria Dallas list below) 3:16 Collection (Local) KPop Trove (Local) Knots & Loops (Local) Deseri (Local) De...

There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria. Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agr...

The 2nd phase announced to be a 15-story hotel: " New Dallas County parking garage will serve as base for hotel " Dallas-based architecture firm Corgan thought up the sustainable first phase of design and is behind its second phase as well. Next up for the site will be a 15-story hotel. S...

The only reason I could imagine it wouldn’t be profitable is the rent rate. Express has stores in North East and Parks I can’t imagine those perform better than the Galleria So, you DO have some doubt the Galleria is a profitable location... ;-) It might be time for some to adjust their expectation...

Stonebriar isn’t particularly close, and NorthPark has a slightly different clientele and actually downsized. As a mid range store I have no doubt the Galleria is a profitable location, the mall’s not dying it’s just mid range now Why would they close a profitable store? The only reason I could ima...

Duplicate post

Express is closing close to 100 stores and all of their UpWest locations due to bankruptcy. This location, while being profitable (I assume), is located between the newer NorthPark store and the new location being built at Stonebriar probably seems duplicative. Stonebriar isn’t particularly close, ...

Office Space Occupied in Central Dallas (per Transwestern) CBD 4th Q 2012: 27,209,000 3rd Q 2020: 22,950,000 1st Q 2023: 18,897,254 2nd Q 2023:18,756,594 4th Q 2023:19,192,705 Uptown/Turtle Creek 4th Q 2012: 10,396,000 3rd Q 2020: 12,367,000 1st Q 2023: 10,470,107 2nd Q 2023: 10,559,627 4th Q 2023: ...

March 2024

Zero sold. 33 sold in 45 months. (0.7333 per month) 16 remaining.

Sell-out projection: 5 years, 7 months

February 2024

Zero sold. 33 sold in 44 months. (0.75 per month) 16 remaining.

Sell-out projection: 5 years, 6 months

January 2024

Zero sold. 33 sold in 43 months. (0.767 per month) 16 remaining.

Sell-out projection: 5 years, 4 months

December 2023

Zero sold. 33 sold in 42 months. (0.786 per month) 16 remaining.

Sell-out projection: 5 years, 3 months

They sold 4 in 2023 (0.333333 per month). At that pace, the sell-out projection is 7 years, 6+ months.

November 2023

Zero sold. 33 sold in 41 months. (0.805 per month) 16 remaining.

Sell-out projection: 5 years, 1 month

They have sold 4 so far this calendar year (0.3636 per month). At that pace, the sell-out projection is 7 years, 1+ month.

October 2023

Zero sold. 33 sold in 40 months. (0.825 per month) 16 remaining.

Sell-out projection: 5 years

They have sold 4 so far this calendar year (0.4 per month). At that pace, the sell-out projection is 6 years,8 months.

September 2023

Zero sold. 33 sold in 39 months. (0.846 per month) 16 remaining.

Sell-out projection: 4 years, 10 months

They have sold 4 so far this calendar year (0.44444 per month). At that pace, the sell-out projection is 6 years, 3+ months.

March, 2024

Two sold. 111 sold in 76 months (1.46 per month) 47 remaining.

Sell-out projection (at that pace of sales): 9 years, 1 month.

February, 2024

One sold. 109 sold in 75 months (1.45 per month) 49 remaining.

Sell-out projection (at that pace of sales): 9 years, 1 month.

January, 2024

Zero sold. 108 sold in 74 months (1.49 per month) 50 remaining.

Sell-out projection (at that pace of sales): 9 years, 1 month.

December, 2023

One unit sold. 108 sold in 73 months (1.49 per month) 50 remaining.

Sell-out projection (at that pace of sales): 8 years, 11 months.

November, 2023

One unit sold. 107 sold in 72 months (1.49 per month) 51 remaining.

Sell-out projection (at that pace of sales): 8 years, 11 months.

October, 2023

Three units sold. 106 sold in 71 months (1.49 per month) 52 remaining.

Sell-out projection (at that pace of sales): 8 years, 10 months.

September, 2023

Five units sold. 103 sold in 70 months (1.47 per month) 55 remaining.

Sell-out projection (at that pace of sales): 9 years.