D Economy - December 2017

City of Dallas: Dallas Economic Development
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D Econ Header - Aug 2017

December 2017

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

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Ulta - Mountain Creek Business Park (ECO-Patskin)


E-commerce businesses are choosing Dallas

Over the past few years, the City of Dallas Office of Economic Development has worked to secure new e-commerce businesses. Amazon, Ulta Beauty, and Chewy.com have all established new distribution centers in Dallas, helping to expand the city's tax base, increase sales revenue, and create new employment opportunities. Source: www.DallasEcoDev.org, December 5, 2017.

General Business News

Tech job growth is fueling Dallas area office boom

The Dallas area real estate market isn't built out of bricks and mortar. It's jobs that keep construction cranes swinging. As of October, the area was the top market in the U.S. for year-over-year employment gains. Source: Dallas Morning News, December 18, 2017.

City Center News

Newly renovated Statler is home to Overeasy, Downtown Dallas' latest hot spot

The Statler, recently renovated to hark back to its 1950s glamour with modern chic, is now home to hot breakfast spot Overeasy. At the helm is Chef Graham Dodds, bringing southern breakfast favorites to the downtown crowd. Source: Dallas Observer, November 27, 2017.

Two Royal Blue Grocery stores are heading to Downtown Dallas

Royal Blue Grocery and a new restaurant from NL Group will be part of the renovations underway at the Trammell Crow Center at 2001 Ross Avenue. In addition, a second Royal Blue location will be opening in the Mercantile Building, at the corner of Main and Ervay Streets. Source: Dallas Morning News, November 28, 2017.

With these eight restaurants and bars, Victory Park will look drastically different in 2018

For years, Victory Park was home to the American Airlines Center and limited retail options. After significant investment in improvements at the street level and exciting new restaurants, that's all about to change. Source: Guide Live, December 6, 2017.

Real Estate News

Huge 'eater-tainment' spot Punch Bowl Social is coming to Deep Ellum

Denver-based restaurateur Robert Thompson is about to make a big investment in Deep Ellum. Big as in 23,000 square feet, on a block with neighboring shops measuring a fraction of that. Big as in 200 workers and an estimated $5 million in development costs. Source: Dallas Morning News, December 8, 2017.

Jack Mason opens new HQ in, you guessed it, Deep Ellum

Retailer Jack Mason has recently opened new headquarters at 3030 Canton Street, in the heart of Deep Ellum. In keeping with the neighborhood's old-school aesthetic, the space includes exposed brick and cement floors, not to mention a 1971 Airstream. This aligns with the brand's description as "classic, sturdy, and American." Source: D Magazine, December 1, 2017.

Preservation-minded mixed-use development coming to Walnut Hill Lane

Newly opened TreeHouse, Dallas' first energy-positive home improvement store, will soon be surrounded by mixed-use development The Hill. The development will have eateries, retail, and gathering spaces, with design that's been touted as authentic, funky, and preservation-minded. Source: D Magazine, December 12, 2017.  

Two long-awaited projects to start construction next year

Developer Greystar has announced plans to to start two high-profile projects in some of Dallas' hottest neighborhoods. In 2018, the next phase of Elan City Lights will get underway. Located at Live Oak and Texas Streets, plans include a 55,000 square foot Tom Thumb supermarket, a Wells Fargo retail bank, Starbucks, and a pharmacy. Construction on the second project, called Forestwood and located at Inwood Road and Forest Lane, is expected to get underway by the end of 2018.  Source: Dallas Business Journal, December 7, 2017.

Southern Dallas News

Red Bird Pop-Up Market sparks excitement and sense of community in Southern Dallas

The Re-Imagine RedBird Pop-Up Market, recently held at Red Bird Mall, brought some much needed excitement to Southern Dallas. Twenty vendors sold their wares at the market, highlighting the hustle and bustle of local entrepreneurship. Michelle Williams, the brains behind the market as well as executive director, southern region for the Dallas Entrepreneur Center, said "For us to see more interest than we could accommodate is an amazing thing. I think it dispels the unspoken myth that entrepreneurship doesn't exist in the southern sector." Source: Launch DFW, December 18, 2017.

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Economic Review

FHFA House Price Index - 2017Q3

2017 Q3 FHFA Metro Index

Source: Federal Housing Finance Agency, Quarterly House Price All-Transactions Index, 100 Largest Metropolitan Statistical Areas, 2017; City of Dallas Office of Economic Development, 2017. Values not seasonally adjusted.

  • The Federal Housing Finance Agency House Price Index is calculated using home sales price information gathered from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.

  • Home prices (non-seasonally adjusted) in the Dallas-Plano-Irving Metropolitan Division increased nearly 2 percent during the third quarter of 2017, while over the same period the average home price for the entire U.S. rose 1.3 percent.

  • For the year (Q3 2016 to Q3 2017), the U.S. rose 6.5 percent, eclipsing the previous 2016 high while Dallas-Plano-Irving rose 10.3 percent over the same timeframe.

More Dallas Economics

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

Southern Dallas News

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

Economic Review

Economic data and more

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Did You Know...

Dallas is ranked as the most festive city in America

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