Shearman & Sterling First To Sign Lease at The Link at Uptown

Shearman & Sterling, a global law firm, became the first tenants of The Link at Uptown, a 291,968 square foot office development located at 2601 Olive St. in Uptown. Representing the tenant in the 22,838-square-foot lease were CBRE’s Chelby Sanders and Ryan Buchanan. JLL’s Blake Shipley, alongside Sarah Kennington and Bryce Jackson from Thirty-Four Commercial, represented the seller.

“We are thrilled to be moving to The Link at Uptown, which offers a flexible and engaging environment for our people including outstanding client, personnel hospitality, and wellness features,” said Bill Nelson, Head of Texas Offices at Shearman & Sterling in the release. “This move is essential as we continue to expand our offering in Dallas and throughout Texas. The continued growth of our Texas offering is part of the ongoing execution of our strategy globally to expand our core practices with the greatest potential for the Firm, aligning with market opportunities.”

The 25-story office tower serves as a connector between Uptown, Victory Park, and Downtown. The building offers tenants luxe amenities including two ground-floor restaurants, overnight executive suites, and a full amenity floor with an outdoor terrace with a view of the city. Click to read more at www.dmagazine.com.

Adolfson & Peterson Break Ground on New Hospital in Arlington

Adolfson & Peterson Construction and Reunion Rehabilitation Hospitals are celebrating the ground-breaking of a new location in Arlington with support from America Development & Investments LLC, a Dallas-based healthcare real estate developer.

Located at 4351 Centreway Place, the hospital will offer inpatient rehabilitation care for people with debilitating illnesses and injuries such as stroke and brain injury, as well as other complex neurological and orthopedic conditions.

Dallas-Fort Worth is one of the nation’s fastest-growing regions, according to recent U.S. Census Bureau estimates. Conversely, there is a lack of modern rehabilitation hospitals in the area. As Texas’ seventh-largest city, Arlington will benefit greatly from the services provided at Reunion Rehabilitation Hospital’s latest DFW location.

At 50,800 square feet, the three-story hospital was designed by Callaway Architecture and consists of standard steel construction with masonry veneer. The hospital features food services and dining areas, fitness and physical therapy spaces, medical staff rooms and expansive dayrooms for patients, and an outdoor courtyard for patients to practice walking on various surfaces and inclines. Moreover, the hospital’s location just off I-20 – approximately four miles west of its intersection with Texas State Highway 360 – provides easy access for patients in both North and South Arlington.

Reunion Rehabilitation Hospital Arlington is expected to open in January 2023 and will provide comprehensive inpatient physical-medicine rehabilitation therapies using results-oriented, individualized plans of care for patients in the Arlington area. The new hospital’s mission is to provide patients with best-in-class care provided by the finest caregivers in a unique, community-centric hospital environment.

The new hospital will also enable DFW residents to build fulfilling careers and join a team of excellent clinicians and support staff, including specialty-trained physical medicine and rehabilitation physicians.

Reunion Rehabilitation Hospital Arlington is one in a series of inpatient rehabilitation facilities that Reunion plans to develop across the country. In addition to the new Arlington hospital, ADI is developing a 55,617-square-foot hospital in Plano, Texas, a 47,000+ square-foot hospital in Englewood, Colorado, a 49,128-square-foot hospital in Peoria, Arizona, and a 51,000-square-foot hospital in Phoenix, Arizona.

Urban Logistics Realty Begins Construction on Two-Building Industrial Park Alcott Logistics Station

Urban Logistics Realty has broken ground on the 918,213-square-foot, two-building industrial park Alcott Logistics Station at the Southwest corner of E. Scyene Road and Faithon P. Lucas Sr. Boulevard in Mesquite.

Building D will total 592,995 square feet and Building B will total 325,218 square feet. Jason Nunley, Adam Herrin, and Drew Feagin with Urban Logistics Realty will head project development. Kacy Jones, John Hendricks, and Trevor Atkins with CBRE will handle leasing and marketing.

Once completed, the industrial park will accommodate 1,625 workers. Alcott Logistics Station is the second project to be completed by Urban Logistics in Mesquite. In early 2021, the company delivered Urban District 30, a 977,013-square-foot industrial park.

“We couldn’t be more excited to kickstart Alcott Logistics Station in Mesquite,” said Jason Nunley, co-owner and managing partner at Urban Logistics Realty. “With the success of our Urban District 30 development, it made total sense to partner with the City of Mesquite to activate this site in such a dynamic location.

“The naming of the project pays homage to A.R. Alcott, who filed the first plat in the township of Mesquite in 1873, and we thought a great symbol of the growth that continues to occur. The city has been a delight to work with and we are confident it will be a big win for everyone.” Click to read more at www.

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.