Located one block from the Dallas Museum of Art, Nasher Sculpture Center and Crow Museum of Asian Arts, 800 North Harwood Street in downtown Dallas is at the epicenter of the city’s robust cultural arts scene, the Dallas Arts District. It also happens to be the site of Sam Moon Development Group’s latest hospitality investment – the first JW Marriott Hotel in Dallas.

JW Marriott is Marriott International’s upmarket brand designated as tribute to legendary founder J.W. Marriott, Sr. The JW Marriott Hotel flag flies atop only the most select and significant Marriott properties. Sam Moon Development Group’s vision for the JW Marriott Dallas Arts District was to honor Mr. Marriott’s prominent character traits of warmth, compassion and approachability via the design of the hotel.

Opening in Spring 2023, the 23-floor hotel will have an entry lobby at ground level, then express elevators will shuttle guests to the glamorous reception and Sky Lobby on the 11th floor. The chic hotel includes 267 rooms, three restaurants, a spacious lobby and cocktail lounge, meeting and conference areas, ballroom and a fitness center. The showstopper is a sensuous mid-air pool and deck with 40-foot ceilings, terrace bar, cabanas and outdoor event space offering prime views of the downtown area and beyond. The overall design of the property embraces the tenets of JW Marriott Hotel’s philosophy: Architectural, Serene, Nature, Warmth. The glass sheathed transitional modern style shines a spotlight on dramatic views of downtown Dallas. Marble floors, wood millwork, dramatic lighting and furnishings evocative of mid-century style imbue the space with a cultivated cosmopolitan vibe.

With HKS, Inc. as the project design architect, and Looney Associates in the interior design role – both firms headquartered in Dallas – the project boasts two talented, professional and collaborative studios crafting a sophisticated Arts District milieu. The two firms have enjoyed shared success on previous critically acclaimed Sam Moon Group developments. DPR Construction of Dallas is the general contractor for the project.

The prime location of the hotel will provide hotel guests and the wider community with accessibility to all the attractions within the Dallas cultural arts scene as well as restaurants and entertainment venues.

Owner and developer Sam Moon Group has significantly enhanced the North Texas hospitality market over the past decade. Sam Moon began as a family wholesale/retail business and has extended its reach to real estate with an impressive portfolio including Class=A shopping centers, hotels and conference centers, mixed use developments and a golf course.

US Committee for Refugees and Immigrants, Inc. leased 2538 square feet at 8111 LBJ Freeway in Dallas, Texas. Hisham Morgan with Competitive Edge Realty represented the tenant and Brent St. Amant, and Caleb Ninemire represented the landlord, Hartman Income REIT.

Electra Capital, a boutique lender specializing in flexible, short-term multifamily financing solutions, has originated more than $115 million in the last 90 days on several value-add and ground-up multifamily properties located in major U.S. Sunbelt metros, including Dallas-Fort Worth.

“While the capital markets are trying to make sense of the Fed and the potential of value corrections in the multifamily marketplace, Electra Capital is prudently evaluating and closing high-quality transactions requiring senior debt and/or subordinate debt (mezzanine and preferred equity) for savvy sponsors that are active in the Sunbelt territories,” said Electra Capital CEO Sam Greenblatt. “Despite the volatility in the capital markets, multifamily fundamentals remain strong in several Sunbelt cities. We’re particularly optimistic about the in-migration and job growth trends in Orlando, Austin, San Antonio, Las Vegas, and Phoenix, which will support sustainable demand and rent growth for the foreseeable future.”

Electra Capital’s recent transactions in Texas include:

A $21.45 million preferred equity investment on a four-property, 952-unit apartment portfolio located in Dallas. The sponsor – a three-time repeat client – plans to make significant improvements to the common areas, as well as upgrading the individual units, and adding in-unit washers and driers.

An $18.6 million mezzanine loan for the Ashland Green Portfolio, a three-property, 936-unit portfolio in the Dallas-Fort Worth metro area. The sponsor’s business plan includes making significant improvements to the common areas, as well as upgrading the individual units, including adding in-unit washers and driers.

Thompson Realty Capital, LLC, in partnership with Trez Capital, announced plans for a new 50-acre mixed-use development located at the southeast corner of FM 2499 and Lakeside Village Parkway in the town of Flower Mound. The first phase of the project includes a four-story, 200-unit, garden-urban mix, multifamily community and 15,000 square feet of retail with space for three restaurants, as well as a 60,000-square-foot office building with one level of underground parking. The development will include approximately 20 acres of public parks, open space and more than 2.5 miles of trails on site.

The multifamily community will feature stainless steel appliances, elevators, faux hardwood floors and top-of-the line finishes. It will also include a private fitness center, concierge services, resort style pool and a community dog park.

This project is a part of Trez Capital’s joint-venture partnership program which provides experienced developers like Thompson Realty Capital with equity financing for value-add and ground-up developments in key markets with strong population, employment and GDP growth.

McAdams will handle civil engineering and landscape architecture for the project. Other architects for the mixed-use project include: Cross Architects – multifamily; GSO Architects – retail; and Alliance Architects – office. Bill Dahlstrom of Jackson Walker served as the zoning attorney.

Thompson Realty Capital and Trez Capital have seven other multi-family projects currently under construction in Texas totaling 2,100 units.

The new development is within proximity to Grapevine Lake, has direct access to FM 2499 and is only 5.3 miles from DFW Airport. The property is scheduled to break ground in Fall 2022 with phase one completion slated for 2022.

Tri Global Energy, LLC renewed 16012 square feet at 17300 North Dallas Parkway in Dallas, Texas. Caleb Ninemire and Richard Maloof represented the landlord, Hartman Income REIT.