Mixed use developments are areas designed to blend residential, retail and office/commercial spaces in a pedestrian-friendly environment. And they’ve done very well in the Dallas area. In Uptown, the West Village opened in 2001, and has been booming ever since. Starting at 125,000 square feet, it will soon grow to over 250,000 square feet, with shops and entertainment and rubbing elbows with offices and condos. In Plano, the Shops at Legacy are a similar success. Its been estimated that some […]
Category: Hotel Real Estate
The Crescent About To Renovate
Dallas’ Crescent hotel and mixed-use center is about to undergo a $62.5 million renovation — Crescent Property Services LLC company is planning to spend $27.5 million to upgrade the 1.3 million-sq-ft mixed-use shopping center and offices located at the intersection of McKinney Avenue and Pearl Street in Dallas’ upscale Uptown district, and Rosewood Crescent Hotel will undertake an additional $35 million worth of renovations and upgrades on the hotel/spa/club.
NAIOP Economic Impact Report is Good News for Texas
The recent report by the Commercial Real Estate Development Association depicts a positive outlook for commercial real estate development throughout the United States, and for Texas in particular. According to the report, the commercial realty industry is growing at the quickest pace since 2011, with the figures projected to continue rising through 2015 at the very least. New construction expenditures in industrial, warehouse, office, and retail spaces posted increases in 2013, and the State of Texas is leading the pack […]