 D ECONOMY EXCLUSIVE
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
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
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.
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.
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
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.
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.
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.
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
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.
 Economic Review
 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.
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