Category: North Texas

Luxury mixed-use in Upper Kirby signs boutique, Indian restaurant, hair salon

Posted on by ginger

Kirby Collection, a new luxury mixed-use development in Upper Kirby, is adding three more retail tenants.

New York-based developer Thor Equities announced Jan. 3 that A Ma Maniére, Great W’Kana Café and Atelier Isabelle Rose recently signed leases. Austin Knief and George Stanchfield of Thor Equities represented the landlord, Thor, in all three transactions.

A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release. Jerald Vascoe represented A Ma Maniére in the lease. 

Click to read more at Houston Business Journal. 

Dallas ISD’s former headquarters along Ross Avenue near downtown Dallas getting major makeover

Posted on by ginger

A Dallas-based investment firm plans to transform the former Dallas Independent School District headquarters along Ross Avenue from administrative offices into a luxury rental community while saving the architecture of the historical building.

Dallas ISD left the corporate office at 3700 Ross Avenue in downtown Dallas to consolidate into an office building along North Central Expressway, giving the school district a more efficient footprint.

Click to read more at Dallas Business Journal. 

Trez Capital’s latest $100M bet gives this developer millions to build in DFW

Posted on by ginger

Phoenix-based NexMetro Communities plans to invest upwards of a half-billion dollars in the next few years on new luxury leased communities in Dallas-Fort Worth. The investment plan comes after the company closed a deal in excess of $100 million with Trez Capital, one of the largest private non-bank lenders in North America.

Trez Capital, which has an office in Dallas, will initially help back five of NexMetro’s Avilla Homes communities this year in Phoenix, Dallas and Denver. The lending relationship will be managed from the Canadian-based firm’s Dallas office.

Click to read more at Dallas Business Journal. 

Mixed-use development near the Dallas Cowboys’ headquarters in Frisco sells to REIT

Posted on by ginger

A big part of Frisco Square, a mixed-use development near the Dallas Cowboys’ world headquarters and practice facility, has sold to a publicly-traded real estate investment trust. The purchase includes three office buildings, two apartments with ground-floor retail, a Cinemark movie theater and some additional developable land sites.

In all, an affiliate of Kansas City, Missouri-based Maxus Realty Trust Inc. (OTCMKTS: MRTI) acquired more than 213,000 square feet of Class A office and retail space, along with 144 high-end apartments. Terms of the deal were undisclosed.

Click to read more at Dallas Business Journal.

Guess who has the biggest development pipeline of apartments in the U.S

Posted on by ginger

The hot real estate market has Dallas-Fort Worth apartment developers holding the biggest supply of new apartments in the United States.

But the New Year could bring a new reality for the Big D.

North Texas’ ongoing construction totaling 30,296 apartment units is noticeably down from last year’s peak of 39,700 units in the construction pipeline, but is still significantly more than big markets, such as New York and Los Angeles, said Greg Willett, chief economist for RealPage Inc. (Nasdaq: RP).

Click to read more at Dallas Business Journal

High-end office magnet being developed as part of $150M mixed-use project in DFW

Posted on by ginger

A Dallas-based real estate development and investment firm, which is backed, in part, by former Dallas Cowboys quarterback Troy Aikman, plans to begin a new $150 million mixed-use development in Flower Mound’s Lakeside Business District, which will bring high-end office space, a hotel and apartments to the neighborhood.

The 35-acre mixed-use development, called The Point, at FM 2499 and Silveron Boulevard in Flower Mound, is slated to get underway in fall 2018.

Plans for the project include 215,000 square feet of Class A corporate office space, a 100-room Tru by Hilton hotel and 585 apartments developed by Dallas-based Trammell Crow Residential. The Point could also include additional ground-floor retail and restaurant space, as well as a 5.5-acre green space with pedestrian-friendly walking paths.

Click to read more at Dallas Business Journal.