Dallas Fort Worth Urban Forum

Tucy

Four Seasons would be foolish to completely abandon the DFW market, as if I'm not mistaken, they were still getting good business in Las Colinas and the change in banners was not their decision. So I have no reason to believe this project won't happen eventually, even if it's been delayed due to ec...

Tucy

Four Seasons would be foolish to completely abandon the DFW market, as if I'm not mistaken, they were still getting good business in Las Colinas and the change in banners was not their decision. So I have no reason to believe this project won't happen eventually, even if it's been delayed due to ec...

Tucy

I speculate that it's still moving forward; the same developer completed a much more complicated $700 million Four Seasons tower in 2019... https://en.m.wikipedia.org/wiki/Four_Seasons_Hotel_%26_Private_Residences,_One_Dalton_Street What was more complicated about the Boston project? Your post sugg...

Tucy

I love these photos, mainly just because of what appears to be 50B in new towers, infrastructure improvments and developments that we will never see. The only things I could see coming out of this is a new convention center and maybe a new hotel tower. and new hotel tower likely only comes if it's ...

Tucy

Still can't find any building permit applications for this. Any news, rumblings, rumors, activity on the site?

Tucy

New condo tower is on the way. Looks to be completed in 2025, so this one appears to be moving quickly! https://www.dallasnews.com/business/real-estate/2023/02/09/rosewood-hotels-is-coming-home-to-dallas-for-a-condo-tower/ "scheduled to open in 2025" written by a developer and repeated by...

Tucy

Started January 1, 2023 Thanks. I didn't know at the time I asked. They've since updated our computers at work for the correct tax posting. Amazingly, I haven't had any guests (yet!) that have pissed/moaned/etc. about the new rate. If the vast majority or most of your customers are on business trip...

Tucy

itsjrd1964 wrote:So when does the 2% taxing start on hotel stays?

Started January 1, 2023

Tucy

There are tons of condos in Dallas that are older, some highrise, midrise, and lowrise, and there is low inventory of them for sale. They sell quickly when they come on the market. Bleu Ciel and Museum Tower are both deeply flawed, overpriced projects and should not be a barometer for the condo mar...

Tucy

Interesting that this one might be a go but the tower slated to go in at Trulocks appears dead. Has it been announced that it's DOA or just delayed? There are a lot of towers going up in the immediate area that have already broken ground. Maybe they'll hold off on starting construction for a year o...

Tucy

How is this parking garage coming along?

Tucy

January 2023

Zero sold.

103 sold in 62 months. (1.66 per month) 55 remaining.

Sell-out projection: 8 years

They've gone an entire year without a sale. -- 4 sold in Calendar year 2022 (0.33 per month)

Tucy

January 2023

Zero units sold. 28 sold in 31 months. (0.90 per month) 21 remaining.

Sell-out projection: 4 years, 7 months

They sold 5 in cy 2022 (0.42 per month)

Tucy

Can anyone find any FAA, TDLR, or city building permit filings? Well, I don't have any information on that, but you can drive by the site and see for yourself that something is going on there. These were nice sized pieces of equipment. I believe you and what you've reported is interesting; just see...

Tucy

Can anyone find any FAA, TDLR, or city building permit filings?

Tucy

CBRE 4th Quarter 2022 Office Market Report: Dallas CBD had negative absorption of 169,657 square feet for CY 2022 (including 4th Q negative absorption of 200,418). Net Rentable Area: 27,094,555 sf (326,541 square feet less than 2nd Q 2022). Total CBD direct vacancy stands at 32%. (2nd highest vacanc...

Tucy

UPDATED Occupied Office Space per Transwestern: CBD 4th Q 2012: 27,209,000 4th Q 2017: 25,798,000 2nd Q 2020: 23,400,000 3rd Q 2020: 22,950,000 4th Q 2020: 23,215,067 1st Q 2021: 22,699,028 2nd Q 2021: 22,664,462 3rd Q 2021: 22,667,432 4th Q 2021: 22,588,008 4th Q 2022: 19,116,555 Uptown 4th Q 2012:...

Tucy

I still can't wrap my head around that choice of lighting. I see this every morning pretty close up. I feel like I'm in Christmas Vacation meets Groundhog Day and HAL 3000 has a Speak & Spell voice by Limp Bizkit. They sure have a different take on feng shui in Swexas. Lost a chance to shine in...

Tucy

And Away We Go . . . Cost Estimates Increase to $2.8 Billion for New Downtown Dallas Convention Center Dallas estimates it’ll spend at least $3.5 billion on the development of a new downtown convention center and revamping related sites such as the attached arena and nearby cemetery by 2030. The la...

Tucy

And Away We Go . . . Cost Estimates Increase to $2.8 Billion for New Downtown Dallas Convention Center Dallas estimates it’ll spend at least $3.5 billion on the development of a new downtown convention center and revamping related sites such as the attached arena and nearby cemetery by 2030. The la...

Tucy

As others have pointed out, it is not necessary to run every line thru the downtown transit mall. The lines could be reconfigure to run two less lines thru it, but that will probably require some reconstruction at the wye west of the West End. Not an impossible task, just a commitment to do so. Sur...

Tucy

R1070 wrote:Interesting... no mention of Jil Sander. Curious where Nike Rise will open.

Correct. I just checked again. No mention of Jil Sander.

Nike apparently going in to former H&M space.

Tucy

DMN has an article listing 12 new stores coming to Northpark Center. Can anyone get past the paywall and read? (1) Joey (going in place of Seasons 52, as I suggested some time back). (2) Gucci relocation (3) Tecovas - 5,609 square feet on level one next to Vuori (former Microsoft space) (4) Rhone -...

Tucy

https://www.reddit.com/r/dart/comments/10l31zs/d2_delayed_10_years/ Welp. Reset the clock. Was anyone else there and can confirm this? Let's hope so. D2 has to be among the biggest transit boondoggles ever. Its alleged purpose is to provide "needed capacity and improving system reliability. . ...

Tucy

I wonder how much usage in the urban parts of Dallas possible DART riders gets siphoned off to Uber due to demographics that would use the rail otherwise if ride share were not available. I think this affects cities like Dallas, Atlanta, LA, but not New York or Chicago as much due to their greater ...

Tucy

https://www.dallasnews.com/business/retail/2023/01/25/a-downtown-dallas-7-eleven-that-averaged-one-police-call-a-day-has-closed/ A downtown Dallas 7-Eleven that averaged one police call a day has closed Potential customers avoided the location, even though it was the only convenience store in an ar...

Tucy

And does anyone know how they resolved the dispute over their proposed enlargement of the project?

Tucy

There have been a number of articles in the business press recently about the struggles of Goldman Sachs (including some large layoffs) and the stepping back from the goal of creating a large consumer banking operation (Marcus). My understanding is that a lot of what they have in Dallas's northern s...

Tucy

Dallas has always lagged behind Houston. It always will. The city of Houston is nearly twice the size of Dallas in terms of population, plus Houston has had 40+ story residential towers all over the city for years. The fact that Austin is rapidly catching up is a bit of a slap in the the face for D...

Tucy

LOL. Right, Tamtagon and BoldD, nothing to see here, the Downtown office market is doing just fine and no one is moving out. . . :roll: Rotflol it's not just about the office market, silly. The most important thing is the quality of life. Well, when the topic is companies moving out, it kinda is al...

Tucy

RodB wrote:I don't see any mention of the Dallas project on Portman's page. It used to be on the front page. Hmmm?

Yeah, it was on the front page just last week...

Tucy

LOL. Right, Tamtagon and BoldD, nothing to see here, the Downtown office market is doing just fine and no one is moving out. . .

Tucy

I don't know if that's true. I've seen brand new apartments enter such agreements almost as soon as they start leasing. These deals are very lucrative for them. But are there any high rise apartments around downtown that are not doing well? They all seem to have fairly good occupancy. It's hard to ...

Tucy

Is Forty Five Ten still in business? The last time I tried to go there (during hours their website says they are open), their doors were locked. The restaurant is "permanently closed", per Open Table . . . It is open, but for appointment only on Monday and Tuesdays. Wednesday through Satu...

Tucy

Other than Neiman Marcus, what other big downtown tenants shifted (or is shifting) their offices from downtown to Uptown? Neiman Marcus's move is stretching the definition of Uptown a bit, isn't it? But to answer your question, name a major tenant in most any Uptown building and chances are, they m...

Tucy

Comerica recently began moving a number of their employees to Frisco, while Builders FirstSource is leaving downtown entirely for Las Colinas. The problem is that as long as the center of gravity for talent keeps shifting northward and westward (because of better commercial amenities, better school...

Tucy

Are they leaving Downtown Dallas due to location, or is it just because they want shiny/new office space and that is easier to find in Uptown? I'm not sure, but I guess if it is the ladder, then perhaps shiny/new office space in the CBD could do well. Comerica recently began moving a number of thei...

Tucy

kingkong34 wrote:Isn't Dtown Dallas losing office tenants left and right? Why would a developer put a tower (with an office component) in an area where they are losing tenants?

They probably won't, unless they get a substantial tenant signed on...

Tucy

Trinity Metro seemed to stop reporting their ridership numbers for a long time. (can you blame them?) I finally tracked some down. They still don't report by station, so we have no idea how many (or in this case, how few) are using the TexRail to DFW. TexRail ridership for December 2022 was 61,689. ...

Tucy

I will say, while I wouldn't be surprised to see this project get delayed because of the ongoing economic uncertainty and Dallas' permitting issues, Portman is an out-of-state developer that has a solid track record of delivering on their projects (unlike most proposals in Dallas). So I'm not worri...

Tucy

Here is the office leasing site for this project. It seems to contradict some of the information in this thread. 1. The tallest building is 48 stories, not 50. 2. None of the office space appears to have been leased. I’m starting to wonder about this project, for a number of reasons. No FAA filing?...

Tucy

How many of those other metros have 4 Neiman Marcus locations though? With one of the locations always competing for the top performance NM? I have seen two new Bloomingdales location in the SF Bay Area (Palo Alto & San Jose) they are smaller in footprint but not to be overlooked as they are mo...

Tucy

It looks like Tiffany briefly had a store at Stonebriar. Was it a popup shop for the holiday season (it's gone now)?

Tucy

Nordstrom doesn't carry most of their high-end luxury brands at the majority of their locations. A lot of those that are available at NorthPark aren't as available at the Stonebriar and Galleria stores. I haven't shopped at Bloomingdales before, but I'm tempted to put Nordstrom on the same level as...

Tucy

Here is the office leasing site for this project. It seems to contradict some of the information in this thread. 1. The tallest building is 48 stories, not 50. 2. None of the office space appears to have been leased. I’m starting to wonder about this project, for a number of reasons. No FAA filing? ...

Tucy

RodB wrote:Has a permit even been filed yet?

I haven’t been able to find anything.

Tucy

IcedCowboyCoffee wrote:A very rough overlay I did. Tried to get it as accurate as possible.
universalfrisco.jpg

Very well done. But aren’t you missing 19 acres?

Tucy

Dup post

Tucy

December 2022

Zero units sold. 28 sold in 30 months. (0.93 per month) 21 remaining.

Sell-out projection: 4 years, 5 months

They sold 5 in cy 2022 (0.42 per month)

Tucy

December 2022

Zero sold.

103 sold in 61 months. (1.69 per month) 55 remaining.

Sell-out projection: 7 years, 10 months

Most recent sale was Feb 1, 2022 -- 4 sold in Calendar year 2022 (0.33 per month)

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