Real estate often creates opportunities to make a real difference. Such is the case of an innovative project happening at St. Philip’s School and Community Center, located at 1600 Pennsylvania Ave in southern Dallas.
Real Points
Daily Reports on Commercial Real Estate
Articles by Terrence Maiden
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The City of Dallas, AT&T Inc., and Southern Methodist University announced late last year a plan to develop a 400-acre championship golf development on an old landfill site east of Interstate 45 and Loop 12 in southern Dallas. Trinity Forest Golf Course is expected to cost between $20 million to $60 million.
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Oftentimes, especially within lower income communities, basic physical needs must be met before people can move beyond their present circumstances and take action that will improve their futures. Real estate can be utilized as a vehicle to make a profound difference.
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HospitalityAfter a somewhat lengthy construction period, The NYLO Dallas Hotel will now open for business. This new hotel is located within Dallas’ Cedars neighborhood, an area that’s growing in popularity.
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MultifamilyOak’s Cliff new multifamily community, Zang Triangle, is gaining a lot of traction and interest since its grand opening about a month ago. After having an opportunity to visit the property, I left feeling impressed with its overall design and quality.
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With all of the excitement (and some doubts) surrounding Mayor Rawlings’ Grow South vision, it’s refreshing to know dirt is turning in South Dallas with Lancaster Urban Village.
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RetailSouthern Dallas County welcomes Wisconsin-based department store chain Kohl’s, which is opening a new distribution center in DeSoto. The national retailer has committed to build a 951,000-square-foot distribution center at intersection of Interstate 35 and Centre Park Boulevard.
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RetailThere is a faint buzz of optimism for retail growth in 2012, which may yield some good results for Dallas. Like every other industry, retail must do business against the backdrop of a fragile U.S. economy, an election year, and a consumer population that can at times seem unbalanced—distracted and disinterested one day, confident and compulsive the next.
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The new Dallas Omni Convention Center Hotel has opened, and it looks great! If the opportunity presents itself, you should tour this new 23-story, 1,001-room property, with its 7,000-piece art collection, 7th-floor infinity pool, 78-screen sports bar, and five restaurants.
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There is no greater sight than seeing dirt being turned and concrete foundations being poured in South Dallas for more retail space. After a two-year waiting period due to a sluggish economy, construction has now re-commenced for Wheatland Towne Crossing Shopping Center in Oak Cliff.
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