DEconomy December 2014

City of Dallas: Dallas Economic Development
facebook email rss twitter linked in
 
Economice Development: DEconomy Banner

December 2014

Here are the highlights and news stories you may have missed from the past month:

Gold Bar - Grey

City Center News

 

Historic downtown Dallas tower will become Hampton Inn hotel

 

Irving-based developer Newcrest Image LLC plans to convert the recently purchased 21-story downtown office building at 1700 Commerce Street into a Hampton Inn hotel. Proceedings are currently underway to designate the 92-year-old tower as a historic landmark. Source: Dallas Morning News, December 1, 2014.

New Orleans developer HRI will lead Akard Street apartment project in downtown Dallas

 

 

New Orleans-based developer HRI properties is planning to redevelop a currently vacant office building in downtown Dallas. The top six floors of the former Mayflower building at 411 N. Akard will be converted into 215 apartments with an interior atrium. Source: Dallas Morning News, November 25, 2014.

 

Building redos are bringing new life to downtown Dallas

 

 

Developers are spending more than $500 million to renovate office space in downtown Dallas. Redevelopment projects include a $150 million makeover of the former First National Bank tower at 1401 Elm St. and a $70 million project to revamp the former LTV Tower at 1600 Pacific Ave. Source: Dallas Morning News, November 27, 2014.

 

Omnitracs starts nonprofit giving as it relocates to Dallas

 

 

In addition to relocating its headquarters to downtown Dallas, software company Omnitracs is making steps to engage the community. Omnitracs employees placed wreaths on 44,000 graves at the Dallas-Fort Worth National Cemetery in December, and the company is planning other philanthropic ventures. Source: Dallas Morning News, December 17, 2014.

 

 

 

Southern Dallas News

Planet Fitness Opens in Oak Cliff

 

The former Minyard and El Mariachi supermarket at West 12th Street and South Polk Street in Oak Cliff has a new tenant. The 20,000 SF vacant retail space has been renovated and is now home to a Planet Fitness gym. Source: Dallas Morning News, December 2, 2014.

 

 

 

Real Estate News

Construction begins on Bleu Ciel condo tower in Dallas’ Uptown neighborhood

 

 

Developer Harwood International has started construction on a 33-story residential high-rise on North Harwood Street near the entrance to the Dallas North Tollway. In addition to 150 residential units, the Bleu Ceil will include ground floor retail space and access to the Katy Trail. Source: Dallas Morning News, December 8, 2014.

 

Prescott Group Announces Work-Life Inspired Office Tower, 2727 Turtle Creek

 

Dallas-based Prescott Group is planning to build a 380,000 SF office tower at 2727 Turtle Creek Boulevard. In addition to office space, the project will include premium dining, indoor and outdoor conference centers, and a rooftop terrace. Source: Dallas Morning News, December 15, 2014.

 

Trammell Crow will build apartment and retail project near Dallas’ Knox Street

 

Trammel Crow Co. and Northwestern Mutual Real Estate are planning a 6-story mixed use project on McKinney Avenue near Knox Street. The Knox Heights project will include 182 apartments and ground floor retail space. Source: Dallas Morning News, December 16, 2014.

 

Small Business News

The State of Entrepreneurship 2014 in Dallas is strong

 

 

The Dallas Entrepreneur Center hosted their second annual State of Entrepreneurship event in December. Venture capitalists invested $323 million in 32 North Texas companies in the first nine months of 2014, and the area now has nine seed accelerator programs and 11 incubator programs. Source: Dallas Morning News, December 11, 2014.

 

Momentum builds behind redevelopements along Garland Road

 

Redevelopment efforts along the Garland Road Corridor in east Dallas are transforming the community. Revitalized shopping centers like Casa Linda Plaza have helped sustain economic growth as new businesses open and longstanding businesses continue to thrive. Source: Dallas Morning News, December 1, 2014.

 

 

 

Gold Bar - Grey

Economic Review

Economic growth widespread across metropolitan areas in 2013

GDP2014WL

Source: U.S. Bureau of Economic Analysis, 2014

 

  • Real GDP increased in 292 of the nation's 381 metropolitan areas in 2013.
  • The Dallas-Fort Worth MSA ranked 6th in the nation in real GDP, with a 2013 growth rate of 2.1%.
  • Sectors contributing most to the 2.1% GDP increase in the Dallas-Fort Worth MSA were trade (0.52%), education and healthcare (0.19%), and information (0.18%). 

More Dallas Economics

In this edition you'll find

City Center News

The latest developments and projects happening in the downtown core

Southern Dallas News

The latest developments and projects based in the southern half of Dallas

Real Estate News

The latest real estate development projects and progress

Small Business News

The latest announcements in small business development

Economic Review

Unemployment data and more

More News & Press on the Blog

Gold Bar - Grey

Did you Know...

Glassdoor named Dallas-based Southwest Airlines one of the best places to work in 2015.

Twitter Bird - Grey

For breaking news and info about Dallas follow us on Twitter



Dallas Office of Economic Development // 1500 Marilla St, Dallas, TX 75201  //  214.670.1685  // dallas-ecodev.org