Dallas-based Hoque Global announced its newest property under development: the 270-acre University Hills project near the intersection of I-20 and Lancaster Road, and only a short drive from The University of North Texas at Dallas.
Collectively with the city of Dallas and other community stakeholders, Hoque Global plans to transform the undeveloped land into a large-scale mixed-use community. Surrounding a large town center, University Hills plans hundreds of single-family homes, 1,500 multifamily units, millions of square feet of commercial space, and more than 50 acres of green space.
According to a release, Hoque Global makes it a point to place a special focus on investing and developing in projects that benefit underserved communities. In adhering to this mission, this newest development plan in southern Dallas would not only be one of the first in the area, but also has the potential to encourage future growth, says Mike Hoque, CEO of Hoque Global. Click to read more at www.dmagazine.com.
American Landmark Apartments has acquired Broadway Chapter Apartments, a 242-unit apartment community located in the Near Southside submarket of Fort Worth.
Built in 2021 and located at 401 Hemphill Street, Broadway Chapter offers studios, lofts and one- and two-bedroom floorplans ranging from 547 to 1,195 square feet. Apartments feature stainless steel appliances, wood-style plank flooring, full-size washer and dryer, walk-in closets with custom shelving, oversized windows, a keyless fob entry system, private balconies and 20-foot ceilings in lofts. This work-friendly community also provides a wide range of amenities, including a resident lounge with a coffee bar, library, Zoom room, fitness center with pelotons, infinity-edge pool with in-pool loungers, sun deck and fire pit.
Along with being situated in Fort Worth’s Southside Medical hub, the property is located between I-30 and I-35 and just a five-minute drive to Magnolia Avenue, where residents can find local restaurants, bars and breweries.
The Texas Rangers and The Cordish Companies announced today that Spark Coworking will anchor the southeast corner of Choctaw Stadium in the heart of the Arlington Entertainment District. The collaborative workspace, Spark Arlington, continues the momentum of nearly $1 billion of new development in the Entertainment District that includes the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and the recently announced One Rangers Way luxury residential building which will break ground this fall.
“Spark Arlington will add another important component to the development of the Arlington Entertainment District—collaborative business enterprise,” said Texas Rangers Managing Partner and Majority Owner Ray Davis. “The addition of Spark Arlington also continues our pledge to make Choctaw Stadium a vital and fully productive facility in the District. I am pleased to join with our partners from the City of Arlington and The Cordish Companies in making this announcement today.”
Spark will become a central hub for local entrepreneurs, creators and innovators to locate and grow their businesses when it opens this winter. The coworking space will support Arlington’s growing entrepreneurial community, placing members within close proximity to neighboring businesses and amenities in the Entertainment District including Globe Life Field, AT&T Stadium, Texas Live!, Live! by Loews and the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and One Rangers Way residences. Click to read more at www.prnewswire.com.
DALLAS–(BUSINESS WIRE)–Davidson Bogel Real Estate (DB2RE), a leading land brokerage firm based here, announced the sale of 55 acres in north Fort Worth.
HPI Real Estate Services & Investments (HPI), headquartered in Austin, Texas, acquired the property at the southeast corner of Bonds Ranch Road and Blue Mound Road. HPI’s plans include:
Approximately 636 multifamily rental units.
Approximately 193 single-family rental units with attached garages and yards.
Amenities will include clubhouses, resort-style pools, pickleball courts, and walking trails.
“We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country,” said Tim Shaughnessy, President of HPI Multifamily. “Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.”
Collins Meier, Ryan Turner, David Davidson Jr., and Edward Bogel of Davidson & Bogel Real Estate brokered the transaction. Click to read more at www.fortworthreport.org.
Once the largest livestock market in the country during the Cattle Drive Era, over the last 30 years Fort Worth’s National Historic Stockyards District has evolved into a tourist destination founded upon Western authenticity. Today, the storied neighborhood is undergoing a multi-million-dollar redevelopment that is bringing the neighborhood into a new era.
The Stockyards Heritage Development Company, a partnership between The Hickman Properties and Majestic Realty Company, announced plans to redevelop the neighborhood in 2014 with new retail, dining, hotel and residential offerings designed to preserve the district’s rich history with an elevated aesthetic.
The redevelopment kicked off in 2018 in Mule Alley, which originally housed the horse and mule barns in the neighborhood’s heyday. Developed by Fort Worth-based M2G Ventures, the first $500 million dollar phase encompasses carefully-curated hotels, dining and retail space that embody a modern Western identity. The revitalized space preserves the architecture of the historic barns, with haylofts and catwalks intact. Click to read more at www.rednews.com.
In retail, few things are constant, but one thing Texas CRE professionals can always count on is that more rooftops generate more retail demand. And those rooftops are going up as fast as they can in the Dallas-Fort Worth area. “Retail here is on the heels of white hot with cautious optimism,” says Jennifer Pierson, Managing Partner of STRIVE. “The reason I temper it a little bit is because we had such a robust Q2 and Q3 of last year and a robust
Q1 of this year, but we’ve just had our first interest hike and it hasn’t slowed anything down yet, but we’re wondering if it will.”
When she says robust, she means it. STRIVE sold 107 properties last year and already in 2022, Q1 numbers doubled.
“That’s a lot of product,” Pierson says.
That product is at a premium right now, according to Steve Zimmerman, The Retail Connection’s Managing Director in Brokerage.
“The supply of quality available space is very low due to the extreme lack of new development,” he explains. Click to read more at www.rednews.com.