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 […]
What happens in Texas, stays in Texas?
Dallas is already home to over 70,000 hotel rooms. Houston boasts over 66,000, and Austin weighs in with another 30,000. And the draw of those three cities for conventions, sporting events and business shows no sign of slowing. Add San Antonio to the mix, with the River Walk and SeaWorld, and Texas is a well-supplied perpetual tourist mecca.
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 […]