New downtown district could spur more urban redevelopment, San Antonio leaders say

San Antonio leaders are attempting to create a new Downtown National Register District. If they are successful, the payoff for prospective developers would be greater access to critical tax credits, which stakeholders expect will lead to increased redevelopment in the center city.

San Antonio’s Office of Historic Preservation contracted with Main Street Architects in June to help expand the range of historic downtown structures that could be considered eligible for state and federal tax credits. That effort has resulted in a proposed district, which could be approved by the Texas Historic Commission next year.

Rad more on the San Antonio Business Journal

3M SF More Office in Domain’s Future

Endeavor wants the Domain to be much more than a big shopping center with nice amenities. SVP Jonathan Tate says every city ends up with a second “Downtown” when it gets big enough; he thinks we’re getting that big, and Endeavor aims to make the Domain fill that slot. It’s building 30 restaurants, more than the Warehouse District has, and he’d like to dispel one myth right now: the Domain is not done.


Luxe seniors housing communities are setting a new standard in Dallas

North Texas’ apartment-building boom is all about the millennials.

Young professionals taking jobs in the Dallas-Fort Worth area have created record demand for rental housing.

But their grandparents need some new digs, too. The number of high-end senior housing communities in the area is also increasing.

The quality of these facilities is being ramped up for a new generation of seniors used to finery and frills at home and when they travel.

“Some people still have the mind-set of the old nursing home and that stigma,” said Dallas developer Jonathan Perlman. “They lose that notion when they see one of our facilities.”

Perlman this week is opening his firm’s newest assisted-living apartments — Tradition-Prestonwood, in Far North Dallas.

Read more on the Dallas Morning News

FedEx Office CEO eyes future growth of Plano campus as 1,200 employees settle into new home

When FedEx Office CEO Brian Phillips wanted to add to the Plano-based retailer’s bottom line, he decided to start at home.

Now, more than 1,200 employees of FedEx Office, a subsidiary of Memphis-based FedEx Corp.(NYSE: FDX), are working under the same roof and Phillips said he expects more corporate collaboration that will ultimately support the firm’s 1,800 stores.

FedEx Office CEO eyes future growth of Plano campus as 1,200 employees settle into new home – Dallas Business Journal

“This is going to be our home for a long time and we expect to continue growing in Plano as we add new stores,” Phillips, who is the president and CEO of FedEx Office, told the Dallas Business Journal.

Even though FedEx Office has only been in its new home for a month, Phillips said the company has positioned itself for growth and even as a corporate campus growth plan.

The company has enough room its new 265,000-square-foot headquarters building at 7900 Legacy Drive — which was expected to cost more than $40 million to develop — to add another 100 employees.

Read more on the Dallas Business Journal

$34M development reshaping Rowlett’s urban core to get underway

A $34 million mixed-use development meant to reshape Rowlett’s city center is expected to get underway Wednesday by a joint venture between The Integral Group of Atlanta and Catalyst Urban Development of Dallas.

The development, called the Village of Rowlett, will bring in a variety of building types and uses in a village-like environment to cater to local retailers, residents seeking modern housing and bringing in other commercial real estate options.

Read more on the Dallas Business Journal

Developer Scott Beck looks to bring new ideas to $4B Dallas Midtown Development

Dallas developer Scott Beck could bring some new ideas — ranging from bringing new interim retail concepts to creating a four-acre tree farm turned park — to his $4 billion Dallas Midtown mixed-use development in North Dallas, but redoing the project’s roadways isn’t something he’s even considering.

“We’ve gone through a two-year process with the city of Dallas, the Planning and Zoning Commission and City Council to approve the overall district plan,” Beck, CEO of Dallas-based Beck Ventures, told the Dallas Business Journal after last week’s public meeting with Dallas’ peer urban design review panel, which critiqued the street grid. “This was approved a long time ago.”

Read more on the Dallas Business Journal

Buffett-backed Grandscape starts its new $45M ‘boardwalk’ restaurant district

The development group behind Grandscape — a $1.5 billion mixed-use development anchored by the massive Nebraska Furniture Mart — has started construction on its next phase of the 400-acre project, a $45 million “boardwalk,” district.

San Antonio’s new reputation as a “hip” secondary market expected to fuel investment, development activity

People may have once called it lame, but San Antonio’s reputation among national investors is becoming a whole lot cooler. Or hotter, depending on how you look at it.

According to PwC’s latest Emerging Trends in Real Estate report, secondary markets such as San Antonio are expected to draw in more investment and development activity as both global and domestic investors hunt for better yields.

Hall of Fame to move to Toyota Stadium as part of $39M in upgrades

Major League Soccer team FC Dallas plans to make a major unveil Wednesday, showing off $39 million of upgrades at Toyota Stadium. That will include moving the National Soccer Hall of Fame Museum to the stadium.

FC Dallas will unveil the upgrades to Toyota Stadium and the Hall of Fame in conjunction with U.S. Soccer, the Frisco Independent School District and the City of Frisco.

Chase still looking at North Texas office locations, including one in Legacy West

Plans for a huge J.P. Morgan Chase business campus are moving forward.

Commercial real estate firms JLL and CBRE have been representing Chase in its hunt for locations with 50 to 75 acres.

Read more on the Dallas Morning News