Archive for May, 2015

28-story residential tower in the works at Victory Park

Developers are working on a new residential tower in Dallas’ Victory Park project. The 28-story Katy Tower high-rise would be developed by Richardson-based Genesis Real Estate. The residential tower is planned at the north end of Victory Park at Hi Line Drive and Houston Street. Houston-based architect EDI International is designing the project which includes a 7-floor parking garage. It’s…read more →

Monte Anderson selling the Belmont Hotel, a decade after he restored the West Dallas landmark

Monte Anderson bet on the future and Fort Worth Avenue 11 years ago when he bought a struggling hilltop landmark west of downtown Dallas. Reviving a name from the past, he restored and opened the Belmont Hotel in 2005, planting hope for a wilted corridor with a roadside attraction. Now, as the area keeps adding new apartments, houses and commercial…read more →

Northern suburban growth is a threat to southern Dallas redevelopment, too

If you lived here in the late 1980s and early 1990s, you’ll remember that Dallas was on the ropes. Big time. Real estate and banking had cratered. Main Street had dozens of shuttered businesses. Dallas was being called the hole in the regional doughnut, a less than flattering comparison to Detroit, and an acknowledgement that the tax and job base…read more →

Case-Shiller: Dallas home price gains grew in March

Dallas-area home price gains widened in the latest nationwide comparison. Related North Texas median home prices soar above $200,000 for first time Texas, Dallas-Fort Worth home prices are significantly overvalued, analyst warns Prices jumped 9.3 percent in March from a year ago in the Standard & Poor’s/Case-Shiller Home Price Index. The Dallas-area increase was more than twice the national average…read more →

Development would reshape entryway to Oak Cliff’s Bishop Arts District

A proposal that would transform a leading entryway to the Bishop Arts District in north Oak Cliff was offered for public comment Friday at City Hall. Architects for Dallas-based Alamo Manhattan presented plans for redeveloping property near Zang Boulevard and Davis Street to the city’s Urban Design Peer Review Panel. The company wants to build five-story buildings, including apartments, restaurants…read more →

Facebook looking at North Fort Worth for huge data center

A project worth nearly $1 billion that’s in the works for North Fort Worth hopes to lure social media giant Facebook to Texas. Fort Worth has already approved financial incentives for the 110-acre data center project planned near Interstate 35W in the AllianceTexas development. Plans filed with the city call for a four-building complex at the northeast corner of Alliance…read more →