Sunday, September 6, 2009

Dallas/Fort Worth Airport hopes to make millions by developing land around it

From: Dallas Morning News
By: Eric Torbenson / September 5, 2009

Dallas/Fort Worth International Airport is many things: the world's third-busiest airport, American Airlines Inc.'s biggest hub and the reason many Fortune 500 companies settle in North Texas.

Now it could be something different: a cash machine.

The 35-year-old airport plans to focus more of its efforts on developing 6,600 acres on the airport's edges, potentially generating nearly $300 million in fees, rents and sales tax to be split among the airport and surrounding cities.

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Dallas' green-living strategy

From: Dallas Morning News
September 3, 2009

Mayor Tom Leppert took office with the promise to make Dallas the nation's "greenest" city. And City Hall is working hard to make that a reality.

Staffers are developing a strategic plan to coordinate and promote efforts to grow in smart, environmentally sustainable ways. While the final draft is not complete, the city's Office of Environmental Quality expects it to ensure that the city doesn't commit development mistakes that compromise long-term goals.

Dallas is wise to pursue a course that addresses both today's issues and tomorrow's needs. A comprehensive plan will provide Dallas with another economic development selling point to spur business relocations and new jobs. This approach could especially benefit southern Dallas, where past mistakes left many neighborhoods environmental wastelands.

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DART Green Line: Very impressed with the MLK station

From: Dallas Morning News
By: Michael Landauer // September 1, 2009

Today we had the opportunity to get a sneak peek at the new Green Line, which runs out of downtown, toward Deep Ellum, right by Baylor, to the State Fairgrounds and then down to MLK Boulevard. We started our tour at the MLK station, and I'll blog about that today, with thoughts on other stops in the days to come.

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Parliament acquires Richardson tract from Hunt Family Trust

From: Collin County Business Press
September 1, 2009

Parliament acquires Richardson tract from Hunt Family TrustInterests of the late Hassie Hunt have sold a 220-acre land tract in north Richardson to a group led by the Dallas-based Parliament Group.

The property is located at the southeast quadrant of the President George Bush Turnpike (S.H 190) and Central Expressway (U.S. 75), bounded on the west by the DART rail line and DART’s Bush Turnpike Station, on the north by the Turnpike, on the east by The Shire mixed-use development and on the south by Renner Road.

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Dallas Convention Center Hotel to Break Grouns Sept. 15

From: Dallas Morning News
By: Rudolph Patrick // August 27, 2009

Plenty of work has already been done on the site of the city's planned Convention Center Hotel.

An old parking garage is nothing but a memory and the ground is scraped to the dirt.

But now that the bonds are basically sold and construction can begin in earnest, the shovels and hardhats will be out come Sept. 15 when the City Council officially breaks ground on the site at Young and Market streets.

The hotel is scheduled for 28 months of construction and will open in 2012.

Lewisville refines plans for mixed-use Old Town area

From: Dallas Morning News
By: Wendy Hundle // August 27, 2009

The future of Lewisville's Old Town area is beginning to take shape.

City officials this week started refining plans for the Old Town Plaza, Mill Street and a transit-oriented district around the coming A-train station – areas they hope to transform into a mixed-use environment where people live, work and play.

At Monday's work session, the Lewisville City Council reviewed preliminary concepts drafted by Design Workshop, a national urban-design firm that conducted public meetings this year to gain input from residents.

Old Town Plaza, a public area that will be built along Church Street in front of City Hall, is envisioned as a centerpiece of the redevelopment effort.

The 3- to 4-acre tract, now mostly used for parking, will be transformed into a park with a tree-lined pedestrian walkway along a shallow water trough and an interactive pop-up water fountain where children can play.

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Downtown Dallas Facts

From: Dallas Urban Core
August 27, 2009

Did you know that Downtown Dallas has:
• 6,000 CBD residents
• 30,000 Downtown residents
• Over 135,000 employees
• 33 million SF of Office Space
• 150 shops / 250 restaurants
• 17% decrease in crime 2008-09
• 5,000 residential units under construction
• $30 million has recently been contributed to safety, maintenance, capital improvement and marketing programs in 10 years.
• 80 jobs have been created for Downtown Safety Patrol and clean Team

Over the past 18 months
• 40 companies relocated to downtown
• 6,500 jobs came with these companies
• 1.5 million space of office occupied by these companies
• 3 million+ sq ft of expansions and lease renewals
• Corgan and Hunt Consolidated have made long term investments in building their headquarters downtown

Living Downtown
• 14,000 residential units under construction
• Potential to have more than 50,000 Downtown residents by 2011

Retail Downtown
• Plans to bring 500,000 sq ft of retail to downtown areas is currently underway

These are only a few things the downtown Dallas area has been up to. Many other projects and efforts are said to be underway. Results are happening every day in Downtown Dallas. It certainly shows as in the past 50 years this area has gone from 5.5 million sq ft of office space to now over 33 million. Come down and see what we’re doing in Downtown Dallas today!

North Richland Hills approves mixed-use rezoning for Smithfield

From: Fort Worth Star Telegram
By: Chris Vaughn // August 24, 2009

NORTH RICHLAND HILLS — The City Council on Monday night approved a major rezoning of the historic Smithfield area that it hopes will lead to a dramatic reinvention over the next generation.

The council agreed unanimously to rezone 278 acres involving scores of property owners to a transit-oriented mixed-use category, eliminating the neighborhood’s existing codes of industrial, commercial and single-family.
"This is significant because it is positioning an entire neighborhood, not just a single project," said Scott Polikov, owner of the Gateway Planning Group, which helped draft the code changes.

Houston’s Texas Medical Center May Outgrow Downtown Dallas

From: Bloomberg.com
By: David Wethe // August 21, 2009

Houston, the fourth-largest U.S. city, has been buoyed by construction in the Texas Medical Center, an area with 3,000 job openings that is likely to become larger than Dallas’s downtown, said Jeff Moseley, chief executive officer of the Greater Houston Partnership.

As a result of the medical center’s expansion, Houston may emerge from the economic decline quicker than the rest of the nation, Moseley said today in an interview. His group serves as a chamber of commerce and economic-development agency for the area.

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