Business News
Jacobs Engineering has completed its move to the Harwood Building in
downtown Dallas. Around 350 employees will be relocated there over the
next two years, consolidating their regional offices from three offices
in the metroplex. Source: Dallas Morning News, July 31, 2013.
Real Estate News
The second Gen-X store in DFW has signed a lease for 14,650 sq
ft at Wynnewood Village. The store sells men’s, women’s and children’s
clothing “catering to high density African-American & Hispanic
neighborhoods.” Source: Oak Cliff People, July 10, 2013.
The 38 year old mall is South Oak Cliff is undergoing a revitalization.
Now at 80 percent occupancy, city leaders, residents and business
leaders are optimistic for continuing the transformation. In 2009 the
mall occupancy was at 50 percent. New owner CityView replaced the
utility system and other fundamentals, attracted new tenants, and kept
anchors Macy’s, Sears, and Burlington Coat Factory, while demolishing the
JC Penney site. Source: Dallas Morning News, July 2, 2013.
Newly emerging neighborhood districts are giving residents a live-work
walkable environment and a mix of retail, strengthening community
connections and neighborhood pride. Source: GlobeSt.com, July 10, 2013
The Trammell Crow Residential development being built near the Trinity
River has an unencumbered view of the downtown skyline. The first of the
166 units should be available the first quarter of 2014. Source: Dallas Morning News, July 31, 2013.
The Garland-Peavy intersection in Lakewood is seeing the revitalization
of an old retail strip. New entrepreneurial investment is changing the
landscape and attracting other entrepreneurs. Good 2 Go Taco, Cultivar
Coffee, Goodfriend and 20 Feet are creating a destination that pulls
customers from outside the neighborhood. Source: The Advocate Lakewood/East Dallas July 11, 2013.
General News
Of
the hardest working cities in the U.S., five of the top ten are in Texas.
Dallas ranks number 7. The U.S.’s 50 largest cities were included in the
comparison. Dallas ranked 17th in Unemployment, 2nd in Hours Worked,
19th in Commute Length, 18th in Volunteer Time, 6th in Number of Hours
Slept, 21st in Number of Workers Per Household, 36th in Cost of Living. Source: CultureMap Dallas, July 25, 2013.
The
Texas high-tech industry created a net 10,000 new jobs from 2011 to
2012. According to the TechAmerica Foundation, Texas has over 485,000
technology jobs, with a high concentration in the Dallas/Fort Worth
region. Source: CBS Local, July 18, 2013.
The Arboretum’s $62 million expansion includes the
8-acre Rory Meyers Children’s Adventure Garden opening September 21.
More than 150 interactive exhibits and 17 Learning Rooms with unique
themes teach and demonstrate science concepts. Source: DMagazine FrontBurner, June 26, 2013.
The Summer Adventures theme park at Fair Park opened this summer with
the new $12 million Top O’ Texas Tower. It’s a four and a half minute ride
spiraling up 500 ft in the air for a birds-eye view of Dallas. Source: Culture Map Dallas, July 2, 2013.
 Economic Review
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The City’s unemployment rate decreased by 0.3 percentage points to 6.9 percent.
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The number of unemployed fell despite a seasonal shedding of public school and college employment.
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