Dallas Fort Worth Urban Forum

dzh wrote:

LongonBigD wrote:

Tucy wrote:JPMorgan Chase is apparently leaving Chase Tower for a smaller space at 1900 N Akard.

https://www.bizjournals.com/dallas/news ... 0#cxrecs_s

They only have about one floor in that building (Chase Tower) anyway. It only got worse lately because they sent some of those people to the newest 12 story Chase building in Legacy West the was built during covid. This shouldn’t have much impact on vacancies. That building would be a nice trophy for GS. But they probably wouldn’t be interested in a 1980s dinosaur.

Call me crazy, but is it time for some of these trophy 80s office buildings to start thinking about conversions into apartments and hotel (a la The National).

cowboyeagle05 wrote:Not all 80's office towers are able to convert like that. Most of those that are conducive to such a major change have already been converted. The landmarks like Fountain Place, Chase Tower, BofA Tower, Renaissance Tower are unfortunately just unrealistic for conversation. Maybe a hotel add in like the Westin did oh and Cityplace Tower is doing but its going to be about focusing on new builds to add residential and make the office space valuable by close proximity to new amenities like Discovery District, Arts District, Parks, High Speed Rail, Transit, walkable safe shopping and eateries etc. New office builds in the CBD will also suck some tenants away but it will also make landmarks attractive again as the overall CBD market becomes attractive again which we are still a long ways from.

"They really did find the lack of vitality downtown a big issue. They wanted to go somewhere that had more vibrancy and a great urban seal," said Larry Good, retired founding principal and chairman of Dallas-based architecture firm GFF. In 2001, Good also served as chairman of Downtown Dallas Inc.

Today, downtown has grown into a vibrant live-work-play district that attracts new businesses, residents, and development. But how much credit, if any, does Dallas owe Boeing for that turnaround? Furthermore, what if Boeing had decided to move its headquarters to Dallas in 2001? How different would the urban core look today? On the 20th anniversary year of Boeing's rejection, the Dallas Business Journal revisits the decision to determine if Boeing's pass on downtown was actually a blessing in disguise.

cowboyeagle05 wrote:Honestly the only way anything is gonna happen is if Amazon had signed a contract requiring the park in the Trinity if they moved to Dallas. Lord knows that's how Main Street Gardens happened it was proposed but the city didn't really have set funding for it. Then magically when they guaranteed the park as part of the Mercantile deal with Forest City Enterprises the park was built in short order. Mind you based on the cities track record with the Trinity projects forcing them to spend money on the Trinity seems like a bad idea.

Tivo_Kenevil wrote:Some stats from the vid. 13.5K residents. About 95% units occupied. We need more housing.

Tucy wrote:

Tivo_Kenevil wrote:Some stats from the vid. 13.5K residents. About 95% units occupied. We need more housing.

Downtown Dallas, Inc. tends to exaggerate. According to US Census figures, the total 2020 population inside the freeway loop was 10,598.

Tnexster wrote:Kourtny Garrett’s work turned downtown Dallas into a real neighborhood. Now she heads to Denver
This young leader -- “smart on the details and long on the big story” -- has spent 20 years transforming the city’s core and making downtown fun for us all.


https://www.dallasnews.com/news/comment ... to-denver/

Tnexster wrote:I didn't realize she has been here that long, hopefully she has groomed somebody to take her place.

Tucy wrote:CBRE 3rd Quarter 2021 Office Market Report:

Dallas CBD had negative absorption of 67,428 square feet.
Total vacancy stands at 32.3%. (highest vacancy rate in the metroplex)
Total availability: 39.2% (that's almost 11 Million square feet available, more than 9 Million of which is Class A ) (Highest availability rate in the metroplex)
Class A space availability stands at 41.7%

Uptown/Turtle Creek: net absorption of 50,601 square feet
Total vacancy: 20.5%
Total availability: 24.2% (that's more than 3 Million square feet available, more than 2.5 Million of which is Class A)

Greater Downtown (CBD +UT/Turtle Creek): net absorption of 16,827 square feet.
Total availability: 34.5% (almost 14 Million square feet).

The total DFW market had negative absorption of 621,328 square feet.

Tnexster wrote:Those city center numbers are terrible but I can't say I'm too surprised. Going on three years after covid started and downtown still has tons of empty parking lots. Hard to believe we went through that surge in parking garages before it began, each one seemed larger than the last one built. Now they sit empty.

R1070 wrote:The 80 story bldg proposed in Austin is apartments.

dallaz wrote:2023 DDI Meeting & Luncheon - “$6 billion of planned or ongoing projects, 20 different projects”

https://m.youtube.com/watch?v=OxZZDW4A- ... e=youtu.be

Tnexster wrote:

dallaz wrote:2023 DDI Meeting & Luncheon - “$6 billion of planned or ongoing projects, 20 different projects”

https://m.youtube.com/watch?v=OxZZDW4A- ... e=youtu.be

Did they highlight what those projects are? I tried to watch it but it seemed to lack substance so I was trying to fast forward through a lot of it.