A number of recent developments have transformed the 170-acre Deep Ellum district from a nightlife-focused region that included fewer than 300 residents in 2005 to a vibrant, mixed-use neighborhood with strong economic growth and more than 2,000 residents living there today, making most of the area lofts and apartments fully occupied. The district is experiencing a dramatic turnaround with residential housing, new dining options and retail establishments opening regularly, and a significant $10 million Elm Street renovation under way.
Real Points
Daily Reports on Commercial Real Estate
Articles by John Crawford
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A collective voice of residents, businesses, vendors, tenants, and the city have all made it clear that it’s time to make big changes for the Dallas Farmers Market to realize its potential. Downtown Dallas Inc. is fully supportive of the city’s decision to privatize the project, and approval of the Farmers Market Group as the development and management entity. Here’s why.
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At our recent annual meeting, top executives from Baylor Health Care System and AT&T joined assistant city manager Ron Evans to talk about the revitalization of downtown Dallas, why they’ve decided to invest here, and what lies ahead. It was a fascinating and inspiring discussion. Here are some highlights.
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Many of you have heard me say that Texas has become the “Third Coast.” In relation to the importance of our transportation systems, I believe it will become even more apparent in October of 2014, when the Wright Amendment is lifted. In preparation for this change, Southwest Airlines has invested $519 million in the Love Field Modernization Program bringing with it a $1.2 billion economic impact.
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From sidewalks to skyscrapers, we are committed to building a “sense of place,” reinforcing to some and transforming the mindset of others that downtown Dallas is more than a location—it is a destination. Downtown is a community, a lifestyle, an evolving environment that changes the perception and reality of what that means. We have much to be proud of, but excellence is the gradual result of proactively and consistently striving to do better, raising the bar and moving the ball down the field.
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This holiday season, we certainly have much to celebrate here in Big D. It’s a great time to grab your camera and come downtown and experience all that’s happening in the central business district yourself.
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October was quite a month for downtown Dallas! We’ve had some major announcements and events, starting with the lighting of the Historic Statler Hilton, a special event where a crowd of residents, community members, and Downtown Dallas Inc. board members gathered at Main Street Garden to witness the official lighting of the façade in blue LED lights, thanks to Ricchi Investments.
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I was recently asked by the president of the International Downtown Association, “Why is downtown Dallas in growth mode, when so many cities are either stagnant or still facing decline”? What a story we can tell.
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EconomyYesterday, Downtown Dallas Inc. hosted its annual forum and luncheon, featuring Dallas Mayor Mike Rawlings. Mayor Rawlings gave a state of downtown address to a record-breaking crowd of more than 900 people. He offered a quick update on all things downtown and asked each attendee to invest in the city’s revitalization.
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The DDI Tunnels & Sky Bridges Network Task Force has just released its final report. Although it does not recommend eliminating the retail uses in the existing tunnel and sky bridge network, it does recognize that, going forward, the emphasis in public policy must be to encourage street-level retail. This, plus the use of other urban design techniques to increase desirable street activity, will continue to diminish the use of the tunnels. Here are the group’s specific findings and recommendations.
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- Trace Resources has leased 9,680 square feet of office space at 1300 S University Dr. in Fort Worth. More »
- ALM Media has leased 4,961 square feet of office space in Harwood Center at 1999 Bryan St. in Dallas. More »
- Malouf Lynch Jackson & Swinson has leased 6,446 square feet of office space in Four Forest Plaza at 12222 Merit Dr. in Dallas. More »
- Tenaska Inc. has leased 32,102 square feet of office space in the Offices at Brookhollow at 1701 E. Lamar Blvd. in Arlington. More »
- G Wear LLC has leased 11,407 square feet of retail space in the Cascades at The Colony at 5909 Stone Creek Drive in The Colony. More »
