Dallas Fort Worth Urban Forum

Tucy

Marshall Field's did fairly well here, but when the chain was bought by Macy's and was absorbed, they closed the stores across the country where they competed directly with Macy's. I don't know why Saks Fifth Avenue failed in that store since they did fairly well in their original location in the G...

Tucy

January 2021

0 units sold. 11 sold in 7 months (1.57 per month) 38 remaining

Sellout projection: 2 years, 8 months.

Tucy

January 2021

2 units sold.

92 sold in 38 months. (2.42 per month) 66 remaining.

Sell-out projection: 5 years, 6 months.

Tucy

Jan 2021

Zero sold.

112 sold in 8 years, 2 months. (1.14 per month) 1 remaining
Rolling 12-month sales: 2 (.17 per month)

Sellout projection, based on the pace of sales thus far: 8 years, 8 months.

Sellout projection, based on the rolling 12-month pace of sales: 100 months (8 years, 8 months).

Tucy

CTroyMathis wrote:Well, hey, sound interesting: https://dallas.culturemap.com/news/trav ... town-95000

For $95,000, you can rent this entire downtown Dallas hotel all for yourself

Wow, I wonder what you could get the Sheraton for... $50,000?

Tucy

Source? My source is people who work for Nordstrom. NorthPark has been the chain's #1 store in sales nationally for awhile. Although the Galleria store is #2 in sales regionally, it is decidedly behind NorthPark. The Galleria ranks substantially lower in sales within the overall chain nationally. M...

Tucy

The Nordstrom Galleria store is #2 in sales volume in their Dallas/Ft. Worth region. Source? Marshall Field's did fairly well here, but when the chain was bought by Macy's and was absorbed, they closed the stores across the country where they competed directly with Macy's. I don't know why Saks Fif...

Tucy

The Nordstrom Galleria store is #2 in sales volume in their Dallas/Ft. Worth region. Source? My source is people who work for Nordstrom. NorthPark has been the chain's #1 store in sales nationally for awhile. Although the Galleria store is #2 in sales regionally, it is decidedly behind NorthPark. T...

Tucy

I keep hearing that Bloomingdale's is considering a return to Dallas & Saks Fifth Avenue is looking for another location. Free standing stores are the new direction for large department stores now. Of course you're hearing such things; this is Dallas. It's hard (impossible) for Dallas fashionis...

Tucy

rono3849 wrote:If the Galleria's planned changes actually happen, I expect it will survive. Willow Bend seems more at risk to me.

There's no doubt that Willow Bend is far more at risk than the Galleria. Willow Bend indeed seems to be at death's door, or at least walking up the sidewalk.

Tucy

rono3849 wrote:The Nordstrom Galleria store is #2 in sales volume in their Dallas/Ft. Worth region.

Source?

Tucy

So strange to be talking about all of these malls today and the collapse of retail. 30 years ago I would not have imagined that these type of places would fall apart and go empty. I realize that Galleria is not completely to that level but wow the pandemic greatly accelerated all of this across the...

Tucy

Can anyone find any indication that the feasibility study was ever done? I can’t comment on the above, but peep page 69 of the DART Reference Book. • City of Dallas working with NCTCOG to study potential extension to Knox Street, including potential upgrades to accommodate modern streetcar in the M...

Tucy

Can anyone find any indication that the feasibility study was ever done?

Tucy

Cbdallas wrote:Any official timing for the MATA extension?

Is there an actual plan for an extension, or is this one of those "plans" like the "plan" for a full second level expansion of Northpark? FWIW, I don' see anything about an extension in the NCTOG 2045 transportation plan.

Tucy

Decided to visit the Willow Bend website and count the amount of tenants listed. Ended up counting 115 tenants, a significant decrease from the 150+ listed on Wikipedia. Interesting. I only count 96 (I suspect part of the difference is that I counted Nieman Marcus, NM's cafe and NM's Louis Vuitton ...

Tucy

UPDATED Occupied Officse 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 Uptown 4th Q 2012: 10,396,000 4th Q 2017: 11,854,000 2nd Q 2020: 12,812,000 3rd Q 2020: 12,367,000 4th Q 2020: 12,244,054 Greater Do...

Tucy

Tucy

Remind me again, how many people use the streetcar on a daily basis? The most recent figure I see is 15k/year trips from 2008. Source: https://www.dallasnews.com/news/2018/04/25/get-your-wallets-out-bishop-arts-streetcar-will-no-longer-be-free/ At 365 days per year and most folks making a round tri...

Tucy

Lenders Moving to Take Control of One of Dallas' Biggest Office Towers

https://www.dallasnews.com/business/rea ... kyscraper/

Tucy

acclar11 wrote:Has Gap closed yet? I wonder what will go in their space.

Have they slated it for closing or are you just assuming?

Tucy

The indoor mall needs to be torn down. If that happens, I hope MAC, Anthropologie, Vineyard Vines, Allen Edmonds, J. Jill, and L'Occitane move to the Galleria. There are over 15 vacant stores on their luxury level (first level). Once Galleria redevelopment happens, that will kill Willow Bend. Speak...

Tucy

Depends on your comps. Going by Cushman & Wakefield Marketbeat I'm seeing Central London (270MM, 12MM available Q2, newest one not posted yet), DFW (237MM, 43MM vacant), Chicagoland (233MM, 40MM vacant), Paris city and La Défense (221MM, 6MM available Q2), and Boston (184MM, 28MM available). Ho...

Tucy

Tnexster wrote:So everybody left and now those spots are for lease?

Well, shoot. That doesn't exactly bode well for the prospects of this luxury hotel development, does it?

Tucy

Hmm maybe they worked with a company who will rent them out or use them as hotels for corporate clients? Like TheLanding. Usually companies like that will def buy a block of units and provide all the cleaning services and furniture, insurance etc. Good thought, but the sales were all to different b...

Tucy

December 2020

15 units sold!!!! Does anyone know what might have caused this sudden spurt of sales in Bleu Ciel? Did they have a significant price reduction or special financing or other promotions?

90 sold in 37 months. (2.43 per month) 68 remaining.

Sell-out projection: 5 years, 5 months.

Tucy

December 2020

2 units sold. 11 sold in 6 months (1.83 per month) 38 remaining

Sellout projection: 2 years, 3 months.

Tucy

Dec 2020 Zero sold. 112 sold in 8 years, 1 month. (1.15 per month) 1 remaining Rolling 12-month sales: 4 (.33 per month) Sellout projection, based on the pace of sales thus far: 8 years, 2 months. Sellout projection, based on the rolling 12-month pace of sales: 100 months (8 years, 4 months). FWIW, ...

Tucy

The oversupply of new apartments caused occupancy levels to drop below 95%. And overall quoted rents were down slightly for the year. “ The loss was due to cuts in urban Dallas neighborhoods,” Willett said. “Prices came down 5% to 7% over the past year in the Intown Dallas, Oak Lawn and Medical Dist...

Tucy

Empty office floors will become Bluelofts live-work centers in Dallas towers https://www.dallasnews.com/business/real-estate/2018/11/21/empty-office-floors-will-become-bluelofts-live-work-centers-dallas-towers I love this idea. SO glad someone found a modular solution to filling empty office spaces...

Tucy

Soooo... three weeks since "ground-breaking". Anything happening here?

Tucy

Tnexster wrote:Is it just me or were are numbers pathetic to begin with?

Not just you.

Tucy

Tnexster wrote:I hadn't noticed the info about the timber mid-rise building but I may have missed his last puff piece.

It looks like Steve didn't get that "news" in his earlier puff piece, but other outlets told us about the timber mid-rise a couple months prior to Steve's November piece.

Tucy

Plano receives 16,000 feet of additional rail for DART Silver Line construction Sixteen thousand feet of rail — 200 sections, each one 80 feet long — recently arrived in Plano for DART’s Silver. The rails were delivered Dec. 18 on a special train from Steel Dynamics of Indiana to an area east of Sh...

Tucy

30-story tower and a hotel. https://www.dallasnews.com/business/real-estate/2020/12/29/west-dallas-trinity-groves-shifts-gears-with-plans-for-offices-and-restaurant-reboot/ Is there any news here? It looks like a Steve Brown special - usually he waits more like 6 months to reprint developer puff pi...

Tucy

More broadly defined Central Dallas submarkets: CBD 4th Q 2012: 27,209,000 3rd Q 2020: 22,950,000 Uptown/Turtle Creek 4th Q 2012: 10,396,000 3rd Q 2020: 12,367,000 Stemmons Corridor 4th Q 2012: 12,135,718 3rd Q 2020: 12,514,121 Preston Center 4th Q2012: 4,576,398 3rd Q 2020: 5,019,585 Central Expres...

Tucy

UPDATED Occupied Officse 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 Uptown 4th Q 2012: 10,396,000 4th Q 2017: 11,854,000 2nd Q 2020: 12,812,000 3rd Q 2020: 12,367,000 Greater Downtown 4th Q 2012: 37,605,000 4th Q 2017: 37,6...

Tucy

Neiman Marcus abandons large office spaces in Renaissance Tower (5 floors) and 1700 Pacific (2 floors).

https://www.dallasnews.com/business/ret ... wn-dallas/

Tucy

^ TRUTH

Tucy

Not to mention, if Nieman Marcus wants to place a store at Stonebriar, Stonebriar will find a place for them. There are several options (and it would probably be new construction even if they went to the Sears location)

Tucy

There could easily be space for Nieman Marcus at Stonebriar.

Tucy

Yeah, for me it's hard to see what Willow Bend offers that can't be obtained a very short distance away. Want a mall? Stonebriar and Galleria are close by. Want mixed-use retail and restaurants? Legacy (OG and West) are just a bit north, and West Plano Village (Parker Rd and DNT) offers a bit of th...

Tucy

Scheduled to open next month.

https://www.dallasnews.com/business/rea ... n-january/

Tucy

So... has anyone been down around 2000 Ross to check out the start of work on the hotel?

Tucy

^^ Did they just re-run the same article from a few years ago? Pretty much. August, 2019. I guess the "news" is that they are "seeking approvals". Looks like a publicity puff piece to keep their project on the radar, dutifully pulled from the fax machine (figuratively speaking) ...

Tucy

Tnexster wrote:Where is the one remaining unit? Penthouse?

No (somewhat surprisingly). Unit 202.

Tucy

Austin developer plans Uptown Dallas tower https://www.dallasnews.com/business/real-estate/2020/12/14/austin-developer-plans-uptown-dallas-tower/ An Austin developer is seeking approvals to build a mixed-use high-rise in Uptown Dallas. Endeavor Real Estate Group is planning a 19-story mixed-use tow...

Tucy

Not sure there's really a plan per se for the residential. Some time after the initial concepts were shown (and IIRC after construction started on the parking garage), they started marketing that portion of the block, seeking another developer to buy it and (presumably) develop residential. So, it's...

Tucy

November 2020

2 units sold. 9 sold in 5 months. (1.8 per month) 40 remaining

Sellout projection: 2 years, 4 months.

Tucy

Nov 2020

Zero units sold. 75 sold in 36 months (2.08 per month) 83 remaining

Sell-out projection: 6 years, 4 months.

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