News Flash

Dallas Opportunity Zone Prospectus is now available

As part of the Tax Cut and Jobs Act of 2017, 15 Opportunity Zones were created in the City of Dallas as a way to address under-invested neighborhoods. Investors in these zones can receive significant tax benefits. For more information click link below.

City of Dallas & SHOP Development win ULI Next Big Idea Award

The City of Dallas Office of Economic Development & SHOP Development have won the Urban Land Institute’s 2019 Next Big Idea Award for their “Transforming Spaces into Places” entry, which shows how you can transform aging retail centers into modern spaces.

$250K available to support Affordable Healthy Food access

The Dallas Development Fund has $250K available to fund affordable healthy food availability in qualified low access census tracts. The maximum award is $70K in the form of forgivable loans to non-profit organizations. Applications due 5/24/19 at 5:00pm.

Hotel Crescent Court's $30 million renovation now complete

Uptown's Hotel Crescent Court has completed its $30 million renovation. The luxury hotel has a totally redesigned lobby and new bar, while each hotel room now includes a 55-inch HD television, bespoke carpet and motion-activated floor lights.

New apartments coming to Galleria Dallas neighborhood

Builder Mill Creek Residential Trust has broken ground on a 5-story, 344-unit residential project near the Galleria Dallas called The Modera Dallas Midtown. Located on Noel Road, the rental complex will have a lobby coffee bar and ride share lounge.

Second phase of project has broken ground near Dallas Love Field

JPI has broken ground on the second phase of a their West Love development project located near Dallas Love Field Airport. 354 apartments will be built as part of of the 37-acre West Love development, which includes two hotels, retail and office space.

New hotel coming to Deep Ellum

A 165-room luxury hotel that is being built as part of The Epic mixed-use project will be operated by Kimpton Hotels and Restaurants. The project includes restoration of the historic Pythias building, originally built for an African-American fraternity.

Ross Avenue is getting a major makeover

Several new projects are in progress along Ross Avenue including the 28-story tower HALL Arts II, the Atelier/Flora Lofts, which will include affordable lofts for artists, and The Academic, located on the site of the former DISD administration building.

Dallas Medical District to get LEED-certified hotel

The Element by Westin will soon open in the Dallas Medical District, housed in a renovated structure originally built in 1964. The 151-room hotel will have basic LEED certification and will incorporate eco-friendly practices wherever possible.

North Oak Cliff development update

North Oak Cliff has approximately 20 large-scale residential and commercial projects currently under construction, along with related infrastructure improvements being made to accommodate the area's population growth.

Downtown Dallas has the most room for development

In a study from Yardi Systems Inc., Downtown Dallas has been ranked tops for development potential, with more than 86 acres available. This is in addition to the multiple retail and residential projects already in progress, both downtown and citywide.

Downtown Dallas district is getting a new name

Just east of Downtown Dallas more than two dozen buildings, dating from the 1920s and 30s, are being redeveloped. In addition to new office and retail space, the historic neighborhood will also get a new name, the East Quarter.

Oak Cliff construction boom bringing hundreds of new apartments to Bishop Arts

The corner of Davis Street and Zang Boulevard is ground zero for the transformation of north Oak Cliff. Construction cranes tower over the busy intersection south of downtown Dallas, where workers are putting up three apartment and retail buildings.

Sky deck, coworking part of Dallas developer's vision of new Deep Ellum community

A Dallas-based developer has started construction on a new Deep Ellum community, with a rooftop sky lounge and a coworking concept. Stillwater Capital has begun work on the five-story, 336-unit apartment complex, called The Crosby, at 400 S. Hall St.

City Blesses Large Affordable-Housing Project Near Old Dallas High School Downtown

Downtown Dallas appears set to get its first sizable block of affordable housing in nearly a decade with the building of a new residential tower near the newly reopened Dallas High School building on the Central Business District's eastern edge.

Apartments, live theater planned for former Bishop Arts medical building

A developer plans to reuse a medical building in the Bishop Arts area as part of a 135-unit residential complex. Urban Genesis expects to begin construction on the former Trinity Rehabilitation Center in late spring or early summer.

Details for Mixed-Use Development at Walnut Hill and Central Announced

Newly opened TreeHouse Dallas, Dallas' first energy-positive home improvement store, will soon be surrounded by The Hill. The mixed-use project will have eateries, shops and gathering spaces, with design touted as authentic, funky and preservation-minded.

Greystar gearing up to deliver on two high-profile Dallas developments

Two long-awaited developments in some of Dallas' hottest neighborhoods are expected to finally get underway next year by Charleston-based Greystar after years of gathering input from the community.

Developers Behind The Statler Purchase Cabana Motor Hotel with Plans for Redevelopment

Centurion American Development Group has purchased the former Cabana Motor Hotel in the Design District for $8.1 million. Centurion American just reopened The Statler, a historic hotel redevelopment in downtown Dallas.

Victory Park is booming

The transformation of Victory Park continues with new dining and drinking options, coworking and office space, retail, and yes, even a movie theater, on the way. Work is ongoing with openings planned for early to mid-2018.

Construction of new Starbucks begins at Southern Dallas' Red Bird Mall

The redevelopment of Southern Dallas' Red Bird Mall continues, with this week's groundbreaking for a new Starbucks. The mall is getting a major makeover, with a new hotel, apartments, retail and more planned for the 120-acre property.

New dining and drinking options now available at The Statler

The historic Statler Hotel has two new dining and drinking options - upscale diner Overeasy and underground coctail lounge Bourbon & Banter. From coffee and eggs, banana cream pie, and a cocktail called the French Twist, there's something for everyone.

Klyde Warren Park continues to transform Downtown Dallas

Even after five years, Klyde Warren Park is still a catalyst for development in Downtown Dallas. Several commercial and residential projects are under construction around it, as the park provides a place to play, relax and enjoy a variety of activities.

The Dallas Library wins top innovation award

The Urban Libraries Council has given the Dallas Library its 2017 Top Innovators Award for the Library's GED Testing and Workforce Development Project. The project helps adults earn their GED and provides workforce development resources.

Rooms to grow: Hotel count on the rise in central Dallas with four new options

As of this month, a two-block stretch of downtown Dallas contains nearly 600 new hotel rooms. That's nearly 600 more than existed along the rejuvenated Commerce Street before 2016.

Boutique hotel in vintage downtown Dallas high-rise caters to locals

A vintage downtown building currently being renovated into a hotel-residence will come with a fringe benefit: a restaurant specializing in chef-driven local fare. The building is the Tower Petroleum building, a historic Art Deco structure at 1907 Elm St.

New music venue Canton Hall opens Oct 31st in Deep Ellum

Reclamation in Deep Ellum continues with the opening of music venue Canton Hall at 2727 Canton Street. The 12,500-square-foot venue has been undergoing renovation for the past year, with a grand opening scheduled for October 31st.

Dallas' historic Statler opens its storied doors as completion nears on $255M redevelopment

In grand fashion, the development group behind The Statler — a $255 million redevelopment of a historic hotel into a new hotel, restaurant, retail and residential building — opened the hotel's doors, with construction slated to finish by end of November.

New food hall is coming to West End's FactorySix03 innovation center

Developer Granite Properties is gearing up for the next phase of its FactorySix03 project in Dallas' West End - a 10,000 square foot food hall, which will be located on the project's ground floor. Plans are for it to open by year-end.

New mixed-use development kicks off construction at Dallas' landmark Village apartment community

Dallas' landmark Village apartments, the largest rental community in North Texas, is starting a major redevelopment. Started in the 1960s, the 300-plus-acre Village project near Greenville Avenue and Lovers Lane is home to over 11,000 residents.

The Statler Hotel redevelopment wins prestigious ULI Next Big Idea Award

Downtown Dallas' Statler Hotel project has won the prestigious Next Big Idea Award from the North Texas chapter of the Urban Land Institute. The $230 million redevelopment is one of many that are revitalizing Dallas' urban core.

Dallas' Cabana hotel redo would involve a residential tower and resort pool

Centurion American Development Group is finishing up its $230M renovation of the historic Statler Hotel Downtown. At the same time, the real estate firm is buying the 55-year-old former Cabana Motor Hotel on Stemmons Fwy with plans for renovation.

Old Dallas school will get new life as urban rental community

The classrooms at Davy Crockett School have been empty since the 1980s. But soon the lofty rooms in the East Dallas landmark will be home to dozens of new residents. The 114-year-old brick schoolhouse is being remodeled into 52 small apartments.

Going Green: DFW a Leader in LEED-Certified Construction

When it comes to Leadership in Energy and Environmental Design-certified (LEED) projects, North Texas is a bright spot in the state. Dallas, Fort Worth, and Arlington have more than half of the 6,945 LEED-certified residential construction projects in TX.

$108M Virgin Hotel Dallas bringing lace-clad vision to Design District

When Dallas developer Bill Hutchinson began to describe the new Virgin Hotel Dallas project, he felt it was important to expose parts of it with the help of a lace-like exterior clinging to the building — which drove the design of the upscale hotel.

Plans for new office tower at The Shops at Park Lane accelerated

Given the success of The Shops at Park Lane, plans for a new 11-story office tower have been accelerated. The 340,000 square foot office tower will be located at 8010 Park Lane and will contain ground-floor retail that opens up to a community park.

Check out the new Hall Arts Residences luxury condo unit in Dallas' Arts District

With construction on the tower underway, developer Craig Hall is showing off the first models for his luxury condominium high-rise in downtown Dallas' Arts District.
The $250 million, 25-story building is under construction on Flora Street.

Red Bird Mall to be reborn as entrepreneur hub

Red Bird Mall, located in southern Dallas, is being reborn as an entrepreneurial hub. A branch of the Dallas Entrepreneur Center (known locally as the DEC) will open there as part of the large-scale redevelopment of the mall.

C-PACE Program Training to be held September 7th

Are you Interested in learning more about the C-PACE (Commercial Property Assessed Clean Energy) Program and how it can benefit you? Then sign up for the Dallas C-PACE Service Provider Training being held on September 7th.

Work under way to turn landmark Deep Ellum building into boutique hotel

Construction has started on a Dallas landmark. The more than century old Union Bankers Trust building in Deep Ellum has been empty for more than two decades. It was originally built for the Knights of Pythias, an African-American fraternal organization.

Opening act for refurbished Longhorn Ballroom will be a Love for Kids fundraiser

Love for Kids' Palette to Palate fundraiser on Sept 9 at the Longhorn Ballroom will be the first event in the historic music hall since its renovation. The party will honor Western swing icon Bob Wills, for whom the venue was named when it opened in 1950.

Downtown Dallas building lands largest PACE loan in Texas history

The developer of the Butler Brothers building has landed the biggest Property Assessed Clean Energy (PACE) loan in Texas history, $23.9 million. This funding will help the developer update the building with a variety of energy-efficient systems.

Art-loving apartment dwellers have options in downtown Dallas

The historic Butler Brothers Building, originally built in 1910, has been redeveloped with a host of residential options. Some of the unique spaces offered include art or music studios, a chef's kitchen, cinema, and karaoke room.

Dallas' Maple Avenue is back on the map, and here's why

The boom in Dallas' Uptown & Medical District neighborhoods is putting Maple Ave on developers' maps. The street running from downtown to near Love Field is one of the busiest thoroughfares in Oak Lawn. But it was one of the last to see a rebuilding wave.

AT&T seeking diversity in bidders on $100M redevelopment in downtown Dallas

Telecom giant AT&T Inc. (NYSE: T) wants to make a big push into hiring diversity contractors and other suppliers for its $100 million redevelopment project in downtown Dallas, which will bring a tech-centric urban corporate campus to downtown Dallas.

The Drever's reuse of marble is unprecedented in scale

Marble used in the First National Bank of Dallas building, now known as The Drever, is being repurposed as part of its redevelopment. The white marble slabs were originally imported from Greece, from the same quarry used to build the Parthenon.

Can a 110-year-old Dallas High School look sharp? See how the redo is going

Renovations to one of downtown Dallas' oldest landmarks are on the last lap to the finish line. Developer Matthews Southwest has been working for more than a year to redevelop the more than century-old Dallas High School building in eastern downtown.

CRE Opinion: A West End Transformation Story

It’s not crystal clear. You still have to squint to see it, but with a little imagination you can see an organically engineered innovation district blossoming in the heart of Dallas in The West End, or Historic West End as it is often identified.

Growing Dallas builder breaks new ground with a dozen urban home projects

A 5-year-old Dallas homebuilder is on its way to being one of the area's biggest urban housing firms. Building a combination of townhouses and single-family homes, Centre Living has snapped up small building sites in close-in Dallas neighborhoods.

Dallas' newest hotel The Lorenzo offers amazing art show

Statler Hotel developers starting garage and mixed-use project this month in downtown Dallas

Developers of downtown Dallas' historic Statler Hotel project are about to start construction on a new building next door. Dallas' city plan commission has given approval for a mixed-use building that would be constructed on Harwood Street.

Dallas' Victory Park, once a rail yard and power plant, nearing the finish line 20 years later

In case you haven't noticed, Victory Park is almost finished, just in time for its 20th birthday. Two decades after the 75-acre project was first envisioned on the northwest corner of downtown, the ambitious mixed-use development is mostly built.

Striking new skyscraper in downtown Dallas will be tallest in decades

Chicago-based developer Amli Residential is building the tallest tower in Dallas in three decades. The 45-story apartment high-rise will go up on Field Street on downtown's north side.

Preston Hollow Village expansion is a step closer to completion

More housing, retail and office space is coming to Preston Hollow Village, after changes to the developer’s plans were approved during Wednesday’s city council meeting. Provident Realty Advisors is overseeing the 42-acre property’s expansion.

First look: Downtown Dallas' historic Statler Hotel apartments are ready

It's been more than 15 years since anyone spent the night in downtown's Statler Hotel. The Commerce St. landmark now has almost two dozen residents. They are the first of hundreds of renters who will be moving into the old hotel in the coming months.

Victory Park's newest apartment tower opens this week

Victory Place, the first of four new apartment towers in the Victory Park neighborhood, is opening this week. It has 352 apartments, ranging from 535 to 1,500 square feet, as well as a rooftop swimming pool, 24-hour fitness center, and coffee bar.

The Statler Hotel in downtown Dallas gets shout-out from preservationists

The redevelopment of downtown Dallas' Statler Hotel is getting accolades from preservationists. Stephanie Meeks of The Nat'l Trust for Historic Preservation says it's"...an exemplary reuse of midcentury modern buildings that are often overlooked."

New project to bring 135 townhomes to East Dallas

EKO Construction is breaking ground on a new residential community in East Dallas called Bryan Heights, located at Grigsby Ave near Bryan Street. The first 41 homes will be 1,500 - 1,600 sq. ft. in size, with a total of 135 townhomes planned.

Architect Perkins+Will to be lead tenant at Dallas High School

It's been announced that the lead tenant for the Dallas High School project in downtown Dallas is architect Perkins+Will. Owner Matthews Southwest is refurbishing the 110-yr old landmark into approximately 105,000 sq. ft. of office and retail space.

Luxury $75M Katy Trail project makes a run after empty nesters

A luxury $75 million apartment development — with graciously sized homes — along the Katy Trail is looking to make a run on empty nesters wanting to downsize, but stay in the neighborhood.

Landmark 110-Year-Old Crozier Tech Being Restored After 22 Years Vacant

The Crozier Tech building in Dallas is soon to reopen, 22 years after it was abandoned as a school. It was the only Dallas high school when it was built in 1907. Now, graduates who fought to see it saved are thrilled the building is being revived.

LMC tops off mixed-use community in Victory Park

Developer LMC has topped off its 23-story mixed-use development in Dallas' Victory Park neighborhood. The complex will have 285 apt. homes, 20,000 sq. ft. of ground-floor retail and the Cinépolis Cinema, a 700-seat luxury movie theater.

Demolition crews dismantling Macy's store at Valley View Center

In the latest step of the multi-billion dollar, multi-developer redevelopment of the Dallas Midtown area, a demolition crew is dismantling the Macy's store at Valley View Center. The demolition is expected to be completed by May 1.

Urban living is attracting both boomer and millennial

As boomer and millennial populations move to downtown areas, companies are taking note, and chasing this talent pool. This is especially evident in downtown Dallas, which has 45,000 residents, with the addition of 5,000 jobs in the last quarter alone.

16 townhouses coming to Bishop Arts

From a new downtown streetcar link to a burgeoning apartment market, Bishop Arts is booming. Developer Larkspur is bringing 16 new for-sale townhomes to Elsbeth St. by late 2017.

More apartments on the way on Singleton Blvd in West Dallas

Stonelake Capital Partners is building the $250 million, 25-acre Trinity Green development on Singleton Blvd. in West Dallas. As part of that mixed-use project, one of the area's largest, they are preparing plans for another large apartment community.

Entrepreneur club and collaborative workspace coming to historic Dallas High School project

Foundry Ventures Inc. has announced it will set up shop in Dallas High School, currently being redeveloped by Jack Matthews at 2218 Bryan St. The company has signed a lease for approximately 19,000 sq. ft. of office space and 10,000 sq. ft. for retail.

More apartments and restaurants coming to West Dallas' Trinity Groves

With the first mixed-use phase at Trinity Groves almost complete, developer Columbus Realty will soon start the project's second phase. This phase includes a second, 325-unit mixed-use apartment building. Future plans include a hotel and office building.

New construction a cause to celebrate in Dallas' Jubilee Park

The Jubilee Park neighborhood, southeast of downtown Dallas, will see 26 new houses added by this summer as part of a long-term rejuvenation for the neighborhood that includes increased security, a community center, and educational programming.

The Epic will revive historic Deep Ellum building

A new mixed-use project is set to transform Deep Ellum and embrace its history. The Epic will incorporate the historic Union Bankers Building as a boutique hotel, surrounded by new multi-family and office development. Completion is scheduled for 2019.