Archive for August, 2016

Why is Maxwell Drever spending $240M to save an iconic Dallas skyscraper?

By Steve Brown and the Dallas Morning News Maxwell Drever likes to garden. The California real estate investor doesn’t mind getting a little dirt under his fingernails to make something bloom. “I’m a master gardener — I love taking gardens and making them really spectacular,” Drever said. “I love restoring gardens. “And I love restoring buildings, too.” In downtown Dallas,…read more →

Urban Genesis Plans November Start of New Oak Cliff Apartments in Bishop Arts

Full article by Amanda Popken and As soon as the rain lets up, demolition will begin on the four homes where 70 apartments will be under construction in November. Urban Genesis spoke with the Bishop Arts Neighborhood Association Tuesday night about the Bishop High Line project and the other 50 apartments they have planned just a block away. The projects are planned along Melba…read more →

Perot family’s Circle T Ranch north of Fort Worth to be 130-acre mixed-use project

Article by Steve Brown and the Dallas Morning News Developer Hillwood will team up to turn part of the Perot family’s Circle T Ranch north of Fort Worth into a 130-acre mixed-use development. Hillwood said Wednesday that it will build the $1 billion Westlake project in partnership with Howard Hughes Corp., which owns a section of the land. The proposed…read more →

DFW Housing Market: Growth Slows, Affordability Erodes

BY CHRISTINE PEREZ and D Magazine New North Texas homes priced under $250,000 are disappearing from the market, according to Metrostudy’s second-quarter 2016 study. New residences in that range dropped nearly 20 percent. The findings represent a “radical shift” from lower new-home prices, according to Paige Shipp, regional director of Metrostudy’s Dallas-Fort Worth region. “Over the past two years, starts below…read more →

Galleria’s sleek style set new trend for shopping, living

By Erin Mulvaney and the Houston Chronicle The sparkling mecca of retail and more attracts roughly 30 million visitors a year to its shops and hotels. It reshaped the entire southwest corner of the city into a second downtown and inspired how shopping malls and mixed-use projects were developed in the following decades.   But before the Galleria was born in…read more →