D Economy - October 2017

City of Dallas: Dallas Economic Development
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D Economy Header (rev Aug 2017)

October 2017

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

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Klyde Warren Park Yoga (Photo courtesy of Klyde Warren Park)

Kids love Downtown Dallas too

Downtown Dallas is undergoing a renaissance that makes it attractive not just to adults but to young folk too. In the words of Kenzie Clark, age 12, “My family loves Downtown Dallas for so many different reasons. We live four miles from Downtown so we use the neighborhood and surrounding areas as our playground. Downtown is an awesome place to spend your weekend, whether you are the kind of person who loves to eat, who enjoys a good view, who likes to be active, or if you simply want to experience a really cool city.” Source: DallasEcoDev.org, October 4, 2017.

General Business News

Bank of the West opens in Dallas

San Francisco-based Bank of the West has located a new commercial banking center at Galleria Towers in north Dallas. Bank of the West is just one of several out-of-state financial firms expanding commercial banking operations in Dallas. Source: Dallas Morning News, October 2, 2017.

Taiyo America opens office in Dallas, ‘the New Silicon Valley’

Taiyo America Inc. has opened an office in Dallas at Carillon Towers, the first step in the company’s plans to expand technical support and new business development into such areas as electric vehicles, robotics, virtual reality, and AI. Source: Dallas Innovates, October 20, 2017.

City Center News

Historic Statler opens as completion nears on $255 million redevelopment

In grand fashion, the development group behind The Statler — a $255 million redevelopment of a historic hotel into a new hotel, restaurant, retail and residential building — opened the hotel's doors, with construction slated to finish by end of November. Source: Dallas Business Journal, October 17, 2017.

Dallas Holocaust and Human Rights Museum breaks ground

Having outgrown its current location, construction has started on The Dallas Holocaust Museum's new Dallas Holocaust and Human Rights Museum. The 51,000-square-foot facility is scheduled to open in the summer of 2019 and will include a 250-seat Cinemark XD theater, two classrooms, library, archive, and memorial area. Source: D Magazine, October 10, 2017.

New food hall is coming to West End's FactorySix03 innovation center

Developer Granite Properties is gearing up for the next phase of its FactorySix03 project in Dallas' West End - a 10,000 square foot food hall, which will be located on the project's ground floor.  Plans are for it to open by year-end. Source: Dallas Business Journal, October 16, 2017.

East Dallas landmark getting new life as urban rental community

The classrooms at Davy Crockett School have been empty since the 1980s. But soon the lofty rooms in the East Dallas landmark will be home to dozens of new residents. The 114-year-old brick schoolhouse is being remodeled into 52 small apartments. Source: Dallas Morning News, October 5, 2017.

Real Estate News

Mixed-use development kicks off at North Texas' largest rental community

Dallas' landmark Village apartments, the largest rental community in North Texas, is getting a major upgrade. New townhomes, a small hotel, retail and additional tenant amenities will be added. The 300-plus-acre complex is home to over 11,000 residents. Source: Dallas Morning News, October 11, 2017. 

New music venue Canton Hall opens October 31st in Deep Ellum

Reclamation in Deep Ellum continues with the opening of music venue Canton Hall at 2727 Canton Street. The 12,500-square-foot venue has been undergoing renovation for the past year, with a grand opening scheduled for today, October 31st. Source: D Magazine, October 1, 2017.

Small Business News

Why startup evangelist Joshua Baer has set his sites on Dallas 

Joshua Baer is founder and chief executive of Capital Factory, a startup hub in downtown Austin. In August, he announced he'd expand his focus to Dallas and Texas' other major cities to strengthen the state's reputation as a great place for startups. Source: Dallas Morning News, October 12, 2017.


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Economic Review

DFW inflation rose 1.5 percent

Economic Data

Source: U.S. Bureau of Labor Statistics, May 2017. Preliminary values not seasonally adjusted.

  • The Dallas-Fort Worth Consumer Price Index rose 1.5 percent from July to September 2017.

  • This was the largest two-month increase since March 2011.

  • Over the same period the U.S. Consumer Price Index grew 0.83 percent.

More Dallas economic data

This month you'll find

D Economy Exclusive

The latest news from our editorial team

General Business News

Info on the state of our economy, accolades and insights

City Center News

The latest downtown projects and progress

Real Estate News

The latest real estate development projects and progress

Small Business News

The latest announcements in small business development

Economic Review

Economic data and more

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Did You Know...

That Dallas scores a perfect 100 for LGBTQ equality: 

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City of Dallas Office of Economic Development | 1500 Marilla St, Dallas, TX 75201 | 214.670.1685 | dallasecodev.org