Real Estate News
Trader Joe's has announced plans to open a new 10,000 SF store in the Pepper Square Shopping Center in Far North Dallas. The grocery chain currently has seven stores in the Dallas-Fort Worth area with more locations under construction. Source: Dallas Morning News, April 22, 2015.
City Center News
The long-vacant 19-story Statler building on Commerce Street in downtown Dallas is undergoing a $159 million redevelopment. The project, scheduled to be completed in the fall of 2016, will include a 161 room Hilton Hotel, 219 residences, four restaurants, and retail space. Source:
Dallas Morning News, April 28, 2015.
The Farmers Market neighborhood in downtown Dallas is booming with a variety of new projects that are already attracting young professionals and families. Hundreds of additional housing units and attractions like the renovated Dallas Farmers Market are scheduled to be completed within the next few years. Source: Dallas Morning News, May 5,
2015.
City Electric Supply, the new owner of the former Belo building at 400 Record Street in downtown Dallas, has announced plans to occupy five floors with their executive offices. Renovations currently underway include a new lobby, changes to the exterior, and a rooftop garden. Source: Dallas Morning News, May 13, 2015.
The long-vacant 4-story, 120,000 SF Dallas Central Library building at Commerce and Harwood Streets in downtown Dallas is being renovated into office and retail space. Source: Dallas Morning News, May 19,
2015.
The planned $200 million The Union Dallas development at Field Street and Cedar Springs Road in Uptown Dallas will feature a 16-story office tower, a 20-story residential tower, and retail space anchored by a 60,000 SF Tom Thumb grocery store. Source: Dallas Morning News, May 20, 2015.
Small Business News
The vibrant Dallas startup community is attracting job-seekers, with recent job fairs for startup firms in Dallas drawing hundreds of talented professionals and students. Source: Dallas Morning News, April 24,
2015.
Dallas-based tech startup Brainspace Corp's innovative machine-learning software application that searches and interprets data is drawing attention, with customers already including Deloitte, PricewaterhouseCoopers, and LexisNexis. Source: Dallas Morning News, May 2, 2015.
Southern Dallas News
Parkland opened a new $22 million public health clinic in May directly across the street from the DART Hatcher light-rail station in South Dallas. The 44,000 SF clinic includes 66 exam rooms and waiting areas that seat 400 people. Source: Dallas Morning News, May 7, 2015.
VanTrust Real Estate has purchased 150 acres on Dallas Avenue south of Interstate 20 in southern Dallas, and plans to build an industrial complex. The development will include two speculative industrial buildings totaling more than 1 million SF. Source: Dallas Morning News, May 18, 2015.
Economic Review
- The preliminary unemployment rate for the City of Dallas for April 2015 decreased by 0.3 percentage points to 3.8 percent.
- The rate’s change was the result of a decrease in the net number of unemployed despite an increase in the city’s labor force.
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