ArtVandelay wrote:Me thinks they are not covering the Olive St. side with the glass.
If true, does that mean the residential is happening soon?
Tivo_Kenevil wrote:ArtVandelay wrote:Me thinks they are not covering the Olive St. side with the glass.
If true, does that mean the residential is happening soon?
Or that they don't care when the residential happens and they're not going to incur more costs..
R1070 wrote:It doesn't make sense to cover that side if that side lot is to be developed at some point.
dblough91 wrote:I've been watching the garage get built from above for roughly the past year and a half. Here's what it looks like on top.
Redblock wrote:I am involved with the McKinney Avenue Streetcar. We were told before the construction began on the parking garage that they would need us to relocate some of our poles along Olive Street that hold up the wire. This would accommodate access to the apartment tower.
Well, now they say it will be at least 2 YEARS before they will know if we will need to move our poles.
joshua.dodd wrote:I wouldn't worry about it. Economic indicators are indicating that the housing market in DFW is losing steam. I would say we are around the same stages as Dallas was back around the 87 crash--except this time it is residential.
tamtagon wrote:There 80s crash had a pretty healthy dose of residential, too. Crime was a root cause of the crash back then, and that's probably not a factor this time around. The region never stopped growing, that's when Plano started taking everything fleeing the Dallas CBD. Considering the pace and aggressive negotiation and the dubious existence of corporate welfare incentives, if there's another crash in the next generation of North Texas, it'll likely root deepest in the northern suburbs, and perhaps the CBD will collect the windfall.
The region is not going to stop growing. The homes and apartments will get used. Downtown area will continue to add dwellings and office above the median.
willyk wrote:Weren’t there a lot of “free rent” signs in the ‘80s?
cowboyeagle05 wrote:In college, they told students studying city planning that the 80's crash in DFW was a real estate banking crash centered around investments in all that land around I-30 in Garland.
Dallas12 wrote:joshua.dodd wrote:I wouldn't worry about it. Economic indicators are indicating that the housing market in DFW is losing steam. I would say we are around the same stages as Dallas was back around the 87 crash--except this time it is residential.
I’m curious as to what you see as being the parallels between 1987 and now.
Hannibal Lecter wrote:cowboyeagle05 wrote:In college, they told students studying city planning that the 80's crash in DFW was a real estate banking crash centered around investments in all that land around I-30 in Garland.
Real estate values were grossly inflated because they were based on the tax benefits, not the income potential of the property. When Congress changed this real estate values immediately plummeted. This left the banks with negative balance sheets because they had loaned billions of dollars, and their collateral was gone. So the banks get declared technically insolvent and the Feds took them over.
Cord1936 wrote:dblough91 wrote:I've been watching the garage get built from above for roughly the past year and a half. Here's what it looks like on top.
^^^^^^^
Welcome to the Forum with your first ever post!
Cool pic ... correct me if I'm wrong but from all appearances the structure is clearly ready to continue its vertical ascent when the decision is made to do so.
400 Gradi, a Neapolitan-style pizzeria that originated in Australia, will soon open its first DFW location.
Applications filed with the Texas Alcoholic Beverage Commission indicate that 400 Gradi will make its U.S. debut at 2000 Ross Avenue, and an update to the chain’s website confirms its plans to expand into Dallas. Leasing documents for the 2000 Ross Project specify that 400 Gradi will occupy a 5,000 square foot space at the corner of Ross Avenue and Harwood Street. This marks the first U.S. location for 400 Gradi, which also operates locations in Bahrain alongside multiple Australian outposts and forthcoming locations in Kuwait and New Zealand.
Retail and restaurant tenants that will occupy ground floor space in the tower and across Ross Avenue in the new 2,000-car parking garage will start moving in next month.
"The first wave will be opening right around Labor Day — two in this building and three across the street," Sowanick said. "We did a good job of making sure the cuisine selection is diverse. You can have everything from breakfast and coffee all the way to dinner."
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