New Construction

Lennar Chief’s 5 Themes For Housing

By KRIS HUDSON and the Wall Street Journal One of the home-building industry’s leading chief executives on Wednesday outlined five themes for the housing market’s outlook, focusing on tight inventories, stringent mortgage standards and the preferences of millennials. Stuart Miller, CEO of Lennar, the No. 2 U.S. builder by homes sold behind D.R. Horton, detailed his five themes against the backdrop…read more →

Can little apartments fit urban Big D lifestyle? Historic hotel hopes so.

Article by @SteveBrownDMN and The Dallas Morning News Dallas’ oldest hotel may find new life with the latest apartment living trend. The 111-year-old Ambassador Hotel just south of downtown Dallas was bought last year by a partnership headed by local real estate developer and investor Jim Lake Jr. Lake plans to convert the one-time luxury hotel overlooking the downtown skyline…read more →

Developer KDC eyes office tower in Dallas’ Deep Ellum

Article by @SteveBrownDMN and the Dallas Morning News Busy Dallas-based developer KDC isn’t just building in the ‘burbs. Along with the headquarters for Toyota in Plano and Verizion’s Hidden Ridge development in Irving, KDC is working on two new projects in the downtown area, too. The commercial real estate firm is just finishing construction on the 1920 McKinney tower in…read more →

It’s official, finally: By year’s end, Valley View Center will be torn down for Dallas Midtown

Article by @RobertWilonsky and Dallas Morning News With a single, simple vote of the Dallas City Council, Wednesday marked the official beginning of the end of Valley View Center. Related Come year’s end, said developer Scott Beck afterward, the wrecking balls and excavators will begin erasing the once-thriving mall built in 1973 at the corner of LBJ Freeway and Preston Road. The…read more →

Perot’s high-rise project will be the first office tower along Dallas’ Turtle Creek since the 1980s

Ross Perot Jr.’s Hillwood Urban real estate firm is looking for tenants for a high-rise office to be built on the last vacant site along Dallas’ posh Turtle Creek corridor. The 17-story tower planned at Turtle Creek Boulevard and Cedar Springs Road will occupy a block that has been empty since the mid-1980s. Hillwood hired award-winning architect Pickard Chilton of…read more →

Frisco project will bring more than 3,000 homes and apartments

Article by @SteveBrownDMN, Dallas Morning News A new Frisco development in the works will bring 1,800 homes and 1,400 apartments plus retail and office space to one of North Texas’ fastest growing areas. Related Frisco’s Wade Park project lands two more retail tenants Developer kicks off second phase of huge Frisco apartment community Tyler bank funds Frisco Station construction on…read more →

Luxury condo tower on Lake Grapevine to soon get underway

It’s taken a few years, but the long awaited, luxury 15-story condo tower on Lake Grapevine within the $1 billion Lakeside DFW mixed-use development in Flower Mound is slated to get under construction next week. The developer, Dallas-based Realty Capital Management, plans to host a groundbreaking ceremony for the tower at Lakeside Parkway and Edgemere Road on Tuesday. Read More…read more →

Capital market pullback may take bite out of Dallas-area real estate boom

Via Steve Brown of the Dallas Morning News @SteveBrownDMN on twitter The real estate business runs on money. Along with new jobs and population growth, you need a lot of moolah to pay for all that construction and investment — billions and billions of dollars in North Texas. So word of a slowdown in property market funding isn’t what industry members want…read more →