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

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

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.

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

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.

Navigating DFW’s Tight Construction Labor Market

Nationally, the construction industry has recovered more quickly than other industries, with employment nearing pre-pandemic levels and increasing new construction starts. But the continuing labor shortage is hamstringing the construction industry’s growth, requiring general contractors to be shrewd and proactive to successfully navigate today’s tight job market.

Construction-related businesses need to hire 740,000 new workers annually for the next three years to keep up with demand, according to several industry organizations. The number of open construction sector jobs currently averages between 300,000 and 400,000 each month.

The construction labor shortage will undoubtedly impact every organization that wants to build a new facility or improve an existing one. With that in mind, executives planning construction projects over the next three years should carefully vet their general contractor to make sure it has the necessary partners and relationships to staff their jobs.

Nearly five million people have quit their jobs over the past 18 months. This phenomenon, dubbed “The Great Resignation,” has left millions of jobs vacant across the nation. Click to read more at www.prnewswire.com.

Navigating DFW’s Tight Construction Labor Market

Nationally, the construction industry has recovered more quickly than other industries, with employment nearing pre-pandemic levels and increasing new construction starts. But the continuing labor shortage is hamstringing the construction industry’s growth, requiring general contractors to be shrewd and proactive to successfully navigate today’s tight job market.

Construction-related businesses need to hire 740,000 new workers annually for the next three years to keep up with demand, according to several industry organizations. The number of open construction sector jobs currently averages between 300,000 and 400,000 each month.

The construction labor shortage will undoubtedly impact every organization that wants to build a new facility or improve an existing one. With that in mind, executives planning construction projects over the next three years should carefully vet their general contractor to make sure it has the necessary partners and relationships to staff their jobs.

Nearly five million people have quit their jobs over the past 18 months. This phenomenon, dubbed “The Great Resignation,” has left millions of jobs vacant across the nation. Click to read more at www.dmagazine.com.

‘All-Out’ Race For Commercial Real Estate In North Texas Could Stay Just As Hot In 2022

FORT WORTH (CBSDFW.COM) – No doubt the North Texas real estate market saw unprecedented interest in 2021.

Real estate experts say it wasn’t just residential properties catching the eyes of hopefuls, but commercial listings too.

Luis Pina, the owner of Accent Commercial Real Estate in Dallas, says investors and business owners looking to score commercial properties in North Texas were in an all-out race.

Pina said, “After March of this year, people just went to the streets and started buying everything they could find.”

So much, he says, that now there are very few available listings in the commercial real estate sector.

Pina adds that many businesspeople both local and from out of town are specifically interested in buying retail space like strip malls and warehouses. Click to read more at www.dfw.cbslocal.com.