Dallas Fort Worth Urban Forum

Tucy

Trinity Industries Moving HQ From Near Downtown Dallas to Farmers Branch.

https://www.dallasnews.com/business/rea ... rs-branch/

Tucy

Similarly, if the anti-transit crowd had their way and got a penny in sales tax back by dissolving DART, they'd suddenly have to contend with even more traffic. DART ridership may seem low, but there are like 200 people on each rush-hour Red Line train from Parker Road - that's 200 more cars on 75 ...

Tucy

New Census Estimate for Dallas-Fort Worth-Arlington:

July 1, 2019: 7,573,136
July 1, 2018: 7,455,756

Numerical Growth: 117,380
One-Year Growth Rate: 1.6%

Tucy

Tiffany & Co. and Louis Vuitton are coming to Legacy West... This development has been such a success on the retail front, I wonder if they'll try to keep adding retail (although I have no idea where they'd put it). https://www.dallasnews.com/business/retail/2020/03/24/legacy-wests-newest-build...

Tucy

cowboyeagle05 wrote:Well, that's some news Tucy glad to hear it! Could of cleaned out my rumors early but instead you wanted the drama as usual.

No drama here. I posted the info as soon as I discovered it. Perhaps you should refrain from posting unfounded nonsense.

Tucy

Except if you look at space 1505 penthouse it's rather gorgeous. Two stories of glass on three sides with some of the best views of the city even if its shorter than 1401 Elm. Being the tallest isn't always the only way to get the best view. I also once used to question why the Reunion Hyatt seems ...

Tucy

Except if you look at space 1505 penthouse it's rather gorgeous. Two stories of glass on three sides with some of the best views of the city even if its shorter than 1401 Elm. Being the tallest isn't always the only way to get the best view. I also once used to question why the Reunion Hyatt seems ...

Tucy

Tnexster wrote:Why would 1401 even want to use 1505 as an event space? They have 1 million sf to play with at 1401?

That's what I've been wondering... The idea makes very little sense.

Tucy

Well, the rumor is 1401 Elm Street is looking at adding that penthouse to the Thompson Hotel as an event space and they are negotiating with 1505 Elm Street on how that arrangement could work for both parties. I just wish 1505 could get some ground-floor retail space back. It's amazing to think of ...

Tucy

February 2020

One unit sold. 67 sold in 27 months (2.48 per month) 91 remaining.

Sell-out projection: 5 years, 4 months

Tucy

January 2020

Zero sold. 66 sold in 26 months (2.54 per month) 92 remaining.

Sell-out projection: 5 years, 3 months

Tucy

February 2020 Zero sold. 110 sold in 87 months. (1.26 per month) 4 remaining. Rolling 12-month sales: 6 (.5 per month) Sellout projection, based on the pace of sales thus far: 7 years, 7 months. Sellout projection, based on the 12-month pace of sales: 7 years, 11 months. And, yes, a Penthouse is sti...

Tucy

Holy cow! If anyone ever wonders why the bulk of relocated jobs are going to Plano, Frisco, and everywhere in the Metroplex besides Dallas, they should probably start with the seemingly unending series of brain-dead decisions made by Dallas city leaders. And still more: https://www.dallasnews.com/o...

Tucy

Hillwood's plan included hotel, office, & residential components. Most new supertall's have multiple aspects now. The new buildings in Downtown Los Angeles are made up of multiple kinds of tenants. I don't know if Dallas can support this kind of development. What Hillwood plan included hotel, o...

Tucy

Hillwood's plan included hotel, office, & residential components. Most new supertall's have multiple aspects now. The new buildings in Downtown Los Angeles are made up of multiple kinds of tenants. I don't know if Dallas can support this kind of development. This is already a thing here tho. We...

Tucy

At the right location in the CBD, like near KWP, I think it would work. The new office building on Pearl on the CBD side that sold for a record amount per sq ft could have been mixed use and taller. Might have been a challenging site for it but that’s what we’re talking about. Another example is th...

Tucy

I wouldn't be disappointed one bit if every vacant block of the CBD were filled with midrise residential. Residential lease rates in the CBD are higher than the regional average and occupancy is lower than the average. Building more residential is a no-brainer, but it seems local developers are pri...

Tucy

Ah. I was under the impression that they have been based on recent articles. That being said, 1900 Pearl sold for a pretty penny, so from the developer's POV probably a success. Re: the uber conservative local developer mentality - is it as simple as the fallout from the 1980s over-building / crash...

Tucy

Hillwood is always so underwhelming. I've asked it before and I'll ask it again - why can't Dallas support 50 stories plus projects? I mean the area is adding 1.5M residents per decade. I acknowledge that we're spread out and the corporate / residential high-rise growth is distributed throughout DF...

Tucy

So we've gone from 50 stories to 16? "An Opportunity to Change the Dallas Skyline"

Tucy

Any idea how this building is supposed to add up to 1 million square feet of space? If it's just 20 stories of office space (according to the dmn article as the rest of the height will be above grade parking), 1m sqft seems like quite a lot. Most of the 20-25 story towers in uptown are 300k sqft. T...

Tucy

More office space to be added to Toyota Music Factory "But there have been nagging vacancies in the retail space. Now Ark Group is asking to use two vacant floors in the building next to the new Westin Irving Convention Center Hotel as offices. The office space in the building would grow from ...

Tucy

February 2019 ridership: 32,998
March 2019: 39,093
April 2019: 33,589
May 2019: 35,878
June 2019: 39,154
July 2019: 41,818
August 2019: 42,637
September 2019: 43,757
October 2019: 41,943
November 2019: 44,741 (1,491 per day; about 21 people per train)
December 2019: 51,217
January 2020: 43,795

Tucy

Transwestern's 4th quarter 2019 office market report. Dallas CBD has 32.6 million square feet of office space (down from 33.3 million square feet in 2017), 7.4 million of which is vacant (about 100,000 square feet less vacant space than 2017), for an overall vacancy rate of 22.6% (up 0.1% from 2017)...

Tucy

Back in the early 90s when there was an earlier push to get high-speed rail in the Texas triangle, Southwest Airlines (and only Southwest, not Continental or American, fought it VERY hard. Short-haul, intra-Texas service was still Southwest's bread and butter at the time; now, not so much. My unders...

Tucy

It's flipped to 64-36 in favor

Tucy

exelone31 wrote:What if the state came out and said they wanted to build a highway through the exact same space? Would there be all this hand-wringing?

To be honest, the answer to your question is almost certainly "yes."

Tucy

January 2020

Two sold.

110 sold in 86 months. (1.28 per month) 4 remaining.
Rolling 12-month sales: 7 (.583 per month)

Sellout projection, based on the pace of sales thus far: 7 years, 6 months.
Sellout projection, based on the 12-month pace of sales: 7 years, 9 months.

Tucy

Then they must be over 50% but not likely to be 90%. With their number of units means inside a year they are less likely to lease up to 93% before leases start turning over. It could take at least two years. That would be an unusually long time to achieve stabilization (normally 95%). I believe suc...

Tucy

Dallas tops Sydney, San Francisco and Hong Kong as commercial property investment cities More than $10 billion in local deals were reported in JLL’s world ranking. https://www.dallasnews.com/business/real-estate/2020/02/14/dallas-makes-the-list-of-top-commercial-property-investment-cities/ Fun fact...

Tucy

Warrior2015 wrote:Its going to be 41 stories not 39

Not according to the documents they have filed with the City of Dallas and the FAA.

Tucy

I think they opened in January 2019

Tucy

R1070 wrote:It’s a different process than just painting the roadway. It’s a long term option and a much better investment.

Interesting. Can you tell us more? What is the process?

Tucy

That, and interest in the apartment tower would probably come from an entirely different group of investors.

When would you expect the apartment tower would get to 93% occupancy? Another 5 months or so?

Tucy

One of Dallas’ ‘most exciting restaurants,’ Mendocino Farms, sets March opening date It’ll be on Ross Avenue in downtown Dallas. https://www.dallasnews.com/food/restaurant-news/2020/02/11/one-of-dallas-most-exciting-restaurants-mendocino-farms-sets-march-opening-date/ One of Dallas' most exciting r...

Tucy

Reporting suggests what as otherwise? That the Galleria office is exclusively *not* AWS? The Galleria office is at least partially AWS Professional Services, as my brother in law and a friend both work in AWS ProServ at the Galleria office. Reporting suggests that the Galleria offices are not exclu...

Tucy

The Galleria office is exclusively AWS, right? Would this new office be AWS or Amazon retail? All reporting seems to suggest otherwise. Perhaps, it is AWS that is allegedly shopping for this new space. Reporting suggests what as otherwise? That the Galleria office is exclusively *not* AWS? The Gall...

Tucy

ContriveDallasite wrote:They all sound the same at this point...

Yes, except that the Tempo hotel flag actually exists whereas the Spark flag does not.

Tucy

Mystery (probably) resolved: According to Candy's Dirt, the two brands are to be Motto and Tempo, not Motto and Spark, as had been reported earlier.

https://candysdirt.com/2020/02/05/oak-l ... ects-seen/

Tucy

homeworld1031tx wrote:The Galleria office is exclusively AWS, right? Would this new office be AWS or Amazon retail?

All reporting seems to suggest otherwise. Perhaps, it is AWS that is allegedly shopping for this new space.

Tucy

It looks like they don't expect the Banana Republic/Gap/Old Navy to be staying around. It is still labeled 'Banana Republic', it does look like they are going to open the dead space in the corner where the escalators and elevators are by Banana Republic to build a better looking entrance, delete th...

Tucy

It looks like they don't expect the Banana Republic/Gap/Old Navy to be staying around.

Tucy

Sburres wrote:https://www.dallasobserver.com/news/dallas-imploding-golf-course-only-the-latest-fiasco-11846753

Great article, except he was too kind (and his list of “Trail off Tears” projects was pretty abbreviated.

Tucy

Belk is closing their Galleria store, leaving the mall with only 2 anchors (Nordstrom and Macy's). https://www.dallasnews.com/business/ret ... re-anchor/

Tucy

Assuming this pace of population increase continues, it will be interesting to see how the people and developments are allocated to urban areas, Dallas proper, and suburbs. Even if the increase continues as it has - most going to suburbs - it should still instigate a ton of new urban development. I...

Tucy

texasstar wrote:
Tucy wrote: Whoever is in charge, most of the really bad decisions seem to be in Dallas, not Frisco, not Plano, not McKinney.

Perhaps because Dallas is MUCH bigger than any of those places.

About 18% of the area's population and easily 90% of the major boneheaded decisions and projects.

Tucy

You mean the terrible decisions made by the Dallas Citizens Council which is made up of Plano, Frisco, Mckinney residents. Saying this is the city of Dallas blunder is like saying its South Dallas fault that it's been in such bad shape for decades. I would love to put the blame on city hall but cit...

Tucy

Holy cow! If anyone ever wonders why the bulk of relocated jobs are going to Plano, Frisco, and everywhere in the Metroplex besides Dallas, they should probably start with the seemingly unending series of brain-dead decisions made by Dallas city leaders.

Tucy

http://res.cloudinary.com/culturemap-com/image/upload/ar_4:3,c_fill,g_faces:center,w_1200/v1518638437/photos/269518_original.jpg Dallas-Fort Worth could see biggest population surge in U.S. through 2029, study says By John Egan, CultureMap Dallas, Jan 9, 2020, 3:32 pm [ b] For the second decade in ...

Tucy

98,582 in January 2019, which was not even a full month of operations. I don't think that number tells us much, other than that it was (a) free and (b) new. Interesting question about the effect on TRE traffic. In January 2019, TRE total ridership dropped 7.69% from the previous year. Thanks for th...

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