dfwcre8tive wrote:willyk wrote:Too many pessimists on this string...
Will Uber ride off to Dallas with its headquarters?
As cost-cutting pressures mount, speculation intensifies that Uber could move its San Francisco headquarters to lower-cost Dallas.
https://www.bizjournals.com/sanfrancisc ... rters.html
Two weeks after cutting 3,700 jobs, Uber slashes another 3,000, closes an SF office
https://www.sfgate.com/news/editorspicks/article/Uber-job-cuts-layoffs-offices-closed-15278127.php
The 6,700 jobs are equal to 25% of the San Francisco-based company's global work force. Uber is also shutting or consolidating 40 offices around the world; its Pier 70 office in San Francisco is set to close.
Uber is reportedly still moving ahead to consolidate workers into its swanky new offices in Mission Bay, adjacent to the Chase Center. But 500 workers who have been in offices on Pier 70 nearby will be moving in first as the company says it will close that office entirely
As of May 12, Uber had only indicated that 52 of its initially announced 3,700 job cuts were in the Bay Area
Uber has now requested that the initial 2023 effective date be changed to 2025, that the initial job creation requirement of 2,500 new jobs be changed to 1,000, and that a job creation schedule now be used to determine the number of jobs that have to be created after 2025.
Since the total number of jobs that will be created and exist during the abatement’s 10-year period will have been reduced by about 20 percent, the county staff made a corresponding reduction in the business personal property abatement for those years that would now have a lower requirement than what was previously in place.
Uber would not receive the original 90 percent BPP abatement until the original 3,000 job level has been met.
The Hamilton apartment high-rise in Deep Ellum, which opened just as the COVID-19 pandemic hit North Texas, is about 25 percent occupied, its developers say.
The 26-floor building by Westdale Real Estate Investment and Management and StreetLights Residential is in The Epic mixed-use development in Deep Ellum.
Tnexster wrote:The Hamilton new high-rise apartments hits 25 percent occupancy in Deep Ellum
https://www.bizjournals.com/dallas/news ... ellum.htmlThe Hamilton apartment high-rise in Deep Ellum, which opened just as the COVID-19 pandemic hit North Texas, is about 25 percent occupied, its developers say.
The 26-floor building by Westdale Real Estate Investment and Management and StreetLights Residential is in The Epic mixed-use development in Deep Ellum.
cowboyeagle05 wrote:My question is was there any original interiors left after they let the building literally rot for decades. They ignored the City of Dallas when City Hall tried to start enforcing code violations on historical structures rules that the city have been enforcing for years. Then all of a sudden when the Uber deal finally materialized they magically cared about preserving the building and getting funds based on its historical value to the community. I know they are the more recent owners in the entire history of the building but they failed to stabilize the building when they took possession more than 20 yrs ago. I don't have the actually date nailed down however. I just want to hear the VHL Behind the Music version of the buildings history including interior uses. I've read details on the buildings overall history but how did the interior change over time. Was any original left or did multiple owners truly scrape the building of original architecture to make it operational for other past uses.
BigD5349 wrote:A peek inside the Knights of Pythias through the front window...
IMG_8521.jpeg
Cbdallas wrote:I am afraid this is a sign of things to come with office space for a while. I still am working from home at least until the new year and maybe after.
Tivo_Kenevil wrote:Cbdallas wrote:I am afraid this is a sign of things to come with office space for a while. I still am working from home at least until the new year and maybe after.
Same. I think commercial office space will take a hit for the foreseeable future
eburress wrote:I agree with Ace that Dallas needs to support its police. It doesn't appear to be happening though, with the city council already having cut the (already underfunded and understaffed) police department's overtime. My hope was that Dallas would buck the trend of other cities and invest in public safety, but it's clear the politics which are undermining other cities are undermining Dallas as well.
Tivo_Kenevil wrote:Why relocate a company from Minneapolis or Chicago to central Dallas when it might be even worse?
Uh....Pretty sure Minneapolis and Chicago police have it more rough than Dallas Police.
Not every company wants a suburban location simple as that. And going forward I think lots of companies realize WFH is the norm for the foreseeable future. Wouldn't be surprised if companies realize they don't need to build a sprawling campus in the burbs. REI realized this and sold their newly built campus.
Ace wrote:I think companies have adjusted to the pandemic by and large.
This defunding the police agenda is something new and a problem longer term. Figure, as is always the case during downturns, that construction in the future in central Dallas is going to shrink towards the bubble made up of the Park Cities, Knox Street, Turtle Creek, and Uptown. This would leave downtown, Deep Ellum, the Design District and the rest outside that bubble in the cold.
Tivo_Kenevil wrote:Not every company wants a suburban location simple as that. And going forward I think lots of companies realize WFH is the norm for the foreseeable future. Wouldn't be surprised if companies realize they don't need to build a sprawling campus in the burbs. REI realized this and sold their newly built campus.
exelone31 wrote:Oof, while I appreciate open discussion of issues, I think we should save any talk of a war on police for another thread in this forum. Ironic that that subject would be broached on the Knights of Pythias thread, a building which was once a cornerstone of the African American community in Dallas.
To the topic at hand, I will be curious to see how Uber's decision impacts their longer-term plans here. I feel like there was quite a bit of skepticism about the whole endeavor pre-COVID, so I can't imagine this helps.
flyswatter wrote:Don't feed the troll.
rono3849 wrote:epic.complete.jpg
D Magazine has an article the implies Uber is refocusing their company on a different set of revenue sources & will scale back their operations impacting their plans to expand here in Dallas. How this impacts the Epic development is a subject of their speculation. Personally, the location of these buildings provides a great presence in Dallas & I think it will eventually be a great location for a number of businesses. JMO.
eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.
eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.
Tnexster wrote:eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.
There will be many more opportunities. In an interview I saw recently Robert Kaplan with the Dallas Fed said pre-covid he was accustomed to receiving calls from CEO's about every 4-6 weeks looking for information about DFW and the possibility of relocating here. Now he gets them every day.
LongonBigD wrote:Is it too late to ditch the ginormous helopad on top of the tower?
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