D Economy: May 2026 Edition

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Yellow Rule - Shorter

May 2026

Thanks for subscribing to D Economy, where you will read the very latest about economic development news, events, and programs in the City of Dallas.

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D ECONOMY: NEWS

VCP Press Conference

City Advances Transitional Housing Development for Veterans

On May 27, 2026, the Dallas City Council authorized an agreement to convey approximately 7 acres on Lancaster Road to the national non-profit organization, Veterans Community Project (VCP), to develop the VCP Village, a transitional housing community dedicated to benefit veterans experiencing homelessness.

Under the agreement, the City of Dallas will convey 7.33 acres of City-owned land on S. Lancaster Road across the street from the VA Medical Center. In turn, the nonprofit will construct and operate a specialized village featuring approximately 50 cottage-style tiny homes and a community center. VCP will also provide on-site, wrap-around supportive services designed to guide veterans toward permanent housing.

The City has owned the property since 2015 and had unsuccessfully explored development options through multiple RFP processes. Following the most recent RFP, the Office of Economic Development (OED), in collaboration with Council Member Maxie Johnson, pivoted to explore new nonprofit partnerships. VCP—a 501(c)(3) organization founded by combat veterans—emerged as the ideal partner due to its proven, nationally recognized model that currently operates across five states.

“This is more than a housing project; it is a community of care that honors our veterans and moves us closer to ending veteran homelessness in our city,” said City Manager Kimberly Bizor Tolbert.

This partnership expands critical housing solutions for Dallas veterans while establishing a robust long-term support network necessary for lasting stability.

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Cabana Design District

Cabana Design District Opens, Reviving a Dallas Icon

The historic Cabana Motor Court Hotel at 899 North Stemmons Freeway has officially reopened as Cabana Design District, a modern mixed-income community in the heart of Dallas.

Once a 1960s hotspot visited by stars like The Beatles and Led Zeppelin, the long‑vacant building has been restored after more than a decade of disuse. Today, it delivers 175 new apartments, including 70 affordable units for households earning 30% to 80% AMFI.

This catalytic project was made possible through up to $41 million in Design District TIF funding, along with federal housing and historic tax credits. The building, which had been vacant for more than 10 years, was on the National Register of Historic Places. The developer, Sycamore Development, in partnership with Hunt Capital Partners, preserved many of the original architectural features, blending the site’s storied past with much‑needed new housing for a fast‑growing district.

Cabana Design District stands as a major win for preservation, affordability, and economic revitalization—breathing new life into a Dallas landmark while strengthening the city’s housing landscape in the greater downtown area.

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HNTB Relocation

HNTB Relocates Office to Ross Tower

HNTB Corporation, a leading national infrastructure solutions firm, has officially relocated its downtown Dallas office from its former home in Bryan Place to a new space in Ross Tower. Taking over the entire 38th floor, the new 26,175 square foot space is specifically designed to support the firm's rapid regional headcount growth while tackling the Metroplex’s increasing infrastructure demands. This relocation follows a series of regional investments by HNTB, including recent workspace expansions in both Plano and Fort Worth, cementing the firm's long-term commitment to downtown Dallas.

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Incentive Inquiry Tool

Do you need help determining the best incentive program for your project? 

Complete our Incentives Inquiry Tool!  


Have questions for the Office of Economic Development?

Have questions for the Office of Economic Development? Staff will be available every third Thursday of the month during office hours between 3 p.m. and 4 p.m. for questions regarding the City's economic development tools. Join us for our next monthly meeting on June 18 at 3 p.m.

>>Learn More


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