Category: News

Reinventing The Rail District: Construction on Elm and Main Streets to Kick Off Frisco’s Downtown Master Plan

Posted on by Sarah

Construction to make downtown Frisco more pedestrian-friendly is planned for this year, beginning with major changes to two streets.

Frisco plans to spend $14 million on upcoming projects. The roadwork, city officials said, will bring the more than 20-year-old, evolving Downtown Master Plan to fruition. Business owners in The Rail District say they hope the plans over the next two years transform downtown into a gathering place for tourism and commerce.

In late spring, work on the city’s plan will begin as asphalt on the entirety of Elm Street is replaced with concrete, said Jason Brodigan, assistant director of engineering in Frisco. On-street parking will be added, and a new traffic signal will be installed at the Fifth Street intersection.

Improvements along Main Street between First Street and North County Road and work on a central Fourth Street Plaza will occur in the fall, according to Brodigan. On-street parking is planned to be removed on Main Street to make way for wider, 18-foot sidewalks. Benches, trees and more aesthetic improvements along the street will be added in this phase. Click to read more at www.communityimpact.com.

Ribbon-Cutting Ceremony Takes Place on First-Ever Atlantica Branded Multifamily Community

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BURLESON, Texas, Jan. 7, 2022 /PRNewswire/ — Sovereign Properties and Invest Capital Group hosted an official ribbon-cutting for Atlantica at Burleson, its first Atlantica-branded multifamily community. The event took place at 2:15 p.m. on Thursday, December 16, 2021 onsite at 285 SE John Jones Dr. in Burleson, TX.

Approximately 20 people attended. Representing Sovereign Properties were Russ Krivor (CEO), Katie Clarke (CIO) and Dean Goodboe (Director of Asset Management). Invest Capital participants were Gabriel Amiel (CEO), David Amiel (Investment Manager) and Carlos Ushdi (Asset Manager). Also on hand were individuals representing RPM Living property management, project general contractor KWA Construction, and construction manager Fulcrum Company.

Following the ribbon-cutting, attendees participated in a champagne toast in the well-appointed clubhouse, then toured the property and enjoyed a barbecue luncheon. Click to read more at www.kilgorenewsherald.com.

Roofing Giant Takes on Tesla to Make Solar Roof Shingles More Affordable

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When Elon Musk unveiled the Tesla Solar Roof in 2016, it was the first that many people had heard of solar shingles. But the idea of a roofing product that can both generate energy and blend in with regular asphalt shingles has been around for decades.

Companies from Dow Chemical Company to the now-defunct BP Solar have given the solar shingle a shot, but many of these products are no longer on the market. Solar shingles have been expensive to manufacture and install, and are not yet as efficient as regular solar panels. That’s kept them from breaking into the mainstream.

Now GAF Energy, the sister company to one of the largest roofing companies in the world and a division of privately held Standard Industries, is launching a new solar shingle effort. It just released a product called Timberline Solar, which the company says will be cheaper and more reliable than Tesla’s Solar Roof. It just won the Best of Innovation Award for Smart Cities at CES. Click to read more at www.cnbc.com.

Mature & Diverse: Predictions for the Dallas Office Market in 2022

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The Dallas office market isn’t just showing renewed signs of life in a post-COVID world, it’s blossoming.

“Leasing activity is picking up from the lull in 2020 and is almost 90 percent of the way back to pre-COVID levels, and more than 40 leases larger than 50,000 square feet have been signed since March 2020,” shares Kari Beets, Senior Research Manager at JLL. “Sublease space increased in Q3 2020, but has remained fairly stable since.”

She says development is picking up as well, with several spec projects scheduled to break ground with little or no pre-leasing. Though vacancy for Dallas overall is 4.1 percent higher than in Q1 2020, vacancy in Class A product built after 2010 is only up 1.6 percent.

“The ‘flight to quality’ is a trend that has been ongoing for the past few years and continues to have a large impact on the Dallas office market,” Beets says. “New Class AA space has seen significant activity and absorption, while older product stays stagnant.”

Josh White, Executive Vice President with CBRE’s Advisory and Transaction Services group in Dallas, adds that the companies that are confident in committing to an office lease are doing so because they believe that culture is the life force of their business and that a vibrant, amenity-rich office solution is a key component to building and maintaining a strong culture. Click to read more at www.rednews.com.

Adolfson & Peterson Construction and Acadia Healthcare Break Ground on Rio Vista Behavioral Health Expansion in El Paso

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Adolfson & Peterson Construction (AP), a top national construction management firm and general contractor, and Acadia Healthcare Company Inc., a leading provider of behavioral healthcare services across the U.S., have broken ground on a new addition to Rio Vista Behavioral Health Hospital in El Paso, Texas.

Located at 1390 Northwestern Drive, the project will provide Rio Vista Behavioral Health with a new two-story, 40-bed unit and outdoor recreation space encompassing 38,000-SF, and a new one-story outpatient center with additional parking and flatwork encompassing 14,000-SF.

“We’re pleased to break ground on a project that will help Rio Vista build on the significant impact it’s made on the community.” said Bob Lemke, vice president of operations with AP Gulf States. “Mental illness and addiction rates have risen with population increases in major cities across Texas, causing a dire need for more access points for care. AP has a long and reputable history of managing health care projects across Texas, and we’re humbled to partner with Acadia and Rio Vista to expand the breadth of psychiatric and addiction treatment services to the people of El Paso.”

Rio Vista Behavioral Health is El Paso’s premier mental health hospital, offering comprehensive care for men, women, and children struggling with mental health and substance abuse concerns. The state-of-the-art facility provides inpatient services tailored to each patients’ individual needs on their path to recovery.

Recently, the treatment facility launched remote services to continue serving patients throughout the pandemic and opened a 20-bed S.T.A.R. Military and Veteran’s Unit to provide customized treatment programs tailored to the needs of active-duty service members, veterans and first responders.

Stengel Hill Architects designed the new addition. Construction on the expansion project will begin in January 2022 and is expected to be completed in the spring of 2023.

These 3 REITs Are Poised for Major Growth in 2022

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Key Points
Mid-America Apartment Communities is the premier apartment operator in the Sun Belt.

Switch is preparing to become one of the newest data center REITs.
Plymouth Industrial REIT gives investors exposure to growing industrial demand.

Motley Fool Issues Rare “All In” Buy Alert

Real estate investment trusts (REITs) are often sought after for their reliable, attractive dividend returns, but REITs can also make great growth stocks.

Right now, most real estate industries are booming across the country, which has helped REITs grow to massive heights. Over the past year, REITs achieved a near 40% return year to date, outperforming the S&P 500 by over 10%.

There is some concern about the real estate market cooling in 2022, but regardless of where it goes, Mid-America Apartment Communities (NYSE:MAA), Switch (NYSE:SWCH), and Plymouth Industrial REIT (NYSE:PLYM) are all in a solid position for serious growth. Here’s a closer look at each company and why these REIT stocks are worthwhile buys for long-term investors. Click to read more at www.fool.com.