General News
EXCLUSIVE: Ulta Beauty builds new facility at Mountain Creek Business Park
Ulta Beauty, the largest beauty retailer in the U.S., is building a new distribution and fulfillment facility on the north side of I-20 in southern Dallas. Ulta is working with the Dallas Office of Economic Development on the project, which is expected to create 450 new jobs by the end of 2019. Source: DallasEcoDev.org, April 7, 2016.
Business News
Zales building new office campus at Cypress Waters
Zales has announced plans to develop a new campus at the Cypress Waters district in Dallas. The campus will include a 225,000 square foot office building and a 31,000 square foot manufacturing facility. Construction is scheduled to start this June. Source: Dallas Business Journal, April 15, 2016.
Southwest Airlines to begin construction on new "Wings" flight training facility
Southwest Airlines is building a new flight training facility at Dallas Love Field Airport that will be called "Wings." The company is also adding a six-story office building, with construction on both to begin this summer. An office groundbreaking ceremony is planned for June 2nd. Source: Dallas Business Journal, April 21, 2016.
City Center News
Downtown's historic Dallas High School will reopen next year as offices and retail space
The century old Dallas High School, located at Pearl and Bryan Streets in downtown Dallas, is being turned into an office and retail space by commercial real estate firm Matthews Southwest. The project will include 66,000 square feet of offices and 26,000 square feet of retail space. Source: Dallas Morning News, April 18, 2016.
Real Estate News
RED Development breaks ground on The Union Dallas
Work has begun on The Union Dallas, RED Development's latest project, located at Field Street and Cedar Springs Road. Plans include a 22-story, 417,000 square foot office tower and 23-story, 309-unit multifamily high-rise that will house almost 90,000 square feet of retail space, including a 60,000 square foot Tom Thumb grocery store. Source: D Magazine, April 21, 2016.
New Real Estate projects are taking off around Dallas Love Field Airport
"This whole area is undergoing a renaissance," says developer Jorge Ramirez, who is creating a $200 million mixed-use development near Dallas Love Field Airport. The project is called West Love and is the biggest new project in the area. Several other residential projects, as well as plans for a large office building that will be the area's first in 30 years, are also in development. Source: Dallas Morning News, March 25, 2016.
Small Business News
Dallas-based Mizzen+Main counts J.J. Watt, Mark Cuban as fans, raises $3M
Local menswear company Mizzen+Main, with customers that include NFL players and Dallas Mavericks' owner Mark Cuban, has raised $3 million to grow and build up cash reserves. The company was started by Southern Methodist University graduate Kevin Lavelle in 2012. The company's signature product is a dress shirt made of athletic, moisture-wicking performance fabric that doesn't need to be ironed or dry cleaned. Source: Dallas Morning News, April 7, 2016.
Dallas Startup Week attendance rises by 2K
This year's Dallas Startup Week, which over five days brought together local entrepreneurs, advocates and experts to share experience and insights, had 2,200 more attendees than last year's inaugural event, an impressive increase. Not surprising given that there were 162 sessions in 14 different tracks, including startups 101, healthcare, real estate, and design/user experience. Source: D Magazine, April 20, 2016.
Southern Dallas News
Alamo Manhattan to start $57M project after getting $11.25M in TIF funds
Developer Alamo Manhattan is moving forward with its $57 million residential and retail project Bishop Arts Station after the Dallas city council unanimously approved $11.25 million in tax increment financing from the City of Dallas. The project is located in Oak Cliff's Bishop Arts District and plans include approximately 200 apartments and 25,000 square feet of restaurant and retail space. Source: Dallas Business Journal, March 24, 2016.
New home community to start just south of downtown Dallas
David Weekley Homes is scheduled to break ground this month on a townhome community near I-30 on South Lamar Street. The three-story townhomes will be next to the Nylo Hotel and just down the street from the new Alamo Drafthouse Cinema. This project is one of several that the developer is building close to downtown Dallas, including East Dallas, Oak Cliff and Oak Lawn. Source: Dallas Morning News, March 30, 2016.
 Economic Review
City of Dallas Unemployment Rate
 Source: Texas Workforce Commission, Preliminary values, not seasonally adjusted.
- The preliminary unemployment rate for the City of Dallas for March 2016 increased to 3.8 percent.
- The rate’s change was the result of an increase in the net number of unemployed Dallas residents along with an increase in the total size of the city’s labor force.
- March was the thirteenth consecutive month that the unemployment rate within the City of Dallas has outperformed the state’s unemployment rate.
- An unexpected increase in the size of the city’s labor force during March (traditionally a non-growth period) could indicate increased confidence in the local economy as discouraged workers return to the labor force.
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