Business News
Restaurant headquarters thrive in Dallas
The number of restaurant chains based in Dallas is large and growing, building from the legacy of Brinker International and its iconic Chili’s brand, founded on Greenville Avenue in 1975. We profile some of the City’s advantages for new and emerging chains and speak with La Madeleine’s President & COO about why he chooses Dallas. Source: DallasEcoDev.org, March 31, 2017.
Amazon expands North Texas operations unit in Dallas
Technology giant Amazon has more than doubled its offices in Dallas at the Galleria Towers, renting an additional 100,000 sq. ft. of space at 13155 Noel Road. The Galleria office complex, attached to the Galleria Dallas mall, was recently renovated with new amenities and an upgraded parking garage. Source: Yahoo! Finance, March 3, 2017.
City Center News
DART adds Deep Ellum to freebie downtown Dallas bus service
DART’s free downtown circulator bus, the D-Link, has added service to the booming Deep Ellum neighborhood. The adjusted route complements the newly-opened Dallas Streetcar to Bishop Arts and links many of the city’s nighttime hotspots. Source: Dallas Culture Map, February 27, 2017.
Goldman Sachs inks big deal in one of downtown Dallas' tallest towers
To help recruit young professionals to its workforce, international finance powerhouse Goldman Sachs will consolidate its regional offices in the Trammell Crow Center downtown. The signing of the new tenant by the building’s owner JP Morgan Chase coincides with plans to expand the complex with a new parking garage, hotel and retail across Ross Ave. Source: Dallas Business Journal, March 3, 2017.
West End gets smart streetlights, interactive kiosk, and air-quality sensors
The Dallas Innovation Alliance has launched its first round of testing for smart city technology in Dallas’ historic West End neighborhood. The range of technologies, from interactive kiosks to air quality sensors, will provide the DIA partnership with real world results to consider as it expands its geographic reach. Source: D Magazine, March 27, 2017.
Real Estate News
The Epic will revive historic Deep Ellum Building
A new mixed-use project is set to transform Deep Ellum and embrace its history. The Epic, adjacent to Central Expressway at Elm St. and Good-Latimer Expy., will incorporate the historic Union Bankers Building as a boutique hotel, surrounded by new multi-family and office development. The project is scheduled for completion in 2019. Source: Dallas Innovates, March 23, 2017.
Southern Dallas News
New construction a cause to celebrate in Dallas' Jubilee Park
The Jubilee Park neighborhood, southeast of downtown Dallas, will see 26 new houses added by this summer, in the largest new residential construction project for the area in decades. The new housing is part of a long-term plan for rejuvenation, including increased security, a community center, and educational programming. Source: NBC DFW, March 5, 2017.
More apartments and restaurants coming at West Dallas’ Trinity Groves
With the upcoming completion of the first mixed-use phase at Trinity Groves, developer Columbus Realty is set to begin a second block of apartments and retail. The restaurant-centric district will add a second, 325-unit mixed-use apartment building to the west of the first phase. Future plans include a hotel and potential office building. Source: Dallas Morning News, March 10, 2017.
Southern Dallas distribution hub on the way for Discount Tire
Discount Tire, the national automotive retailer, will build a new warehouse on Bonnie View Rd. in southern Dallas. The new facility will be completed in 2018 and add to the growing International Inland Port of Dallas area and its mix of manufacturing and distribution facilities clustered along the I-20 corridor. Source: Dallas Morning News, March 28, 2017.
Small Business News
Tech firm Zinwave waves goodbye to UK, heads for Dallas
In a rare international move, Zinwave will relocate its headquarters to Uptown. The wireless networking company will locate at 2525 McKinnon Ave. The company is citing Dallas’ large technical workforce and central location as an ideal hub for a global firm. Source: Dallas Morning News, March 15, 2017.
The Wild Detectives celebrates three years, changes things up
Beloved Oak Cliff neighborhood bookstore The Wild Detectives is celebrating its three year anniversary. The independent bookstore will increase its community literary programming, fully curate its book selection, create a new cocktail menu, and extend its hours. Source: Oak Cliff Advocate, March 22, 2017.
 Economic Review
City Unemployment Rate Rises with Labor Force Increase
 Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.
- The preliminary City of Dallas unemployment rate as reported by the Texas
Workforce Commission for February 2017 increased
to 4.5 percent. The rate reflects a 4,129 person increase in the size of
the city's labor force with a 1,937 person increase in the number of
employed Dallas residents.
- February was the 24th consecutive month that the reported
unemployment rate within the City of Dallas has outperformed the state's
unemployment rate.
More Dallas Economics
|
