Posted on

Riverfront project in the works would link downtown Dallas, Uptown to the Trinity River

New South Bronx waterfront development has residents asking who ...

Staff Photographer

A new waterfront development in the works near downtown Dallas would bring housing, retail and commercial buildings to the banks of the Trinity River.

Developers Forest City Realty and Trademark Properties are teaming up on the mixed-use development proposed on Riverfront Boulevard at the Margaret Hunt Hill Bridge.

The roughly 42-acre building site is on both sides of the bridge along the banks of the river.

“I believe it as outstanding piece of real estate that will be connective tissue with West Dallas, Uptown, Victory and downtown Dallas,” said Terry Montesi, CEO of Fort Worth-based Trademark. “It’s right in the middle of where the $150 million park on the Trinity River is planned.

“This is where you could have multifamily homes, hotel, office and retail with access to a promenade and the park,” Montesi said. “We think we can do a special mixed-use neighborhood.”

The development team is working on designs for the project and the infrastructure that would be needed to connect the site to the river and the neighborhood.

Developing on Dallas’ long neglected waterfront has long been a goal of city leaders and planners.

Long running plans to construct park and recreation facilities and pedestrian trails in the huge river floodplain between downtown, West Dallas and Oak Cliff have been slowly moving ahead.

The Riverfront Boulevard property Forest City and Trademark are focused on is one of the largest development sites along the riverbanks.

“It’s a really strategic, wonderful piece of real estate we think has real opportunity if we can get the Corps of Engineers, the city and the folks development the park to work together with us,” Montesi said. “It will take a public-private partnership.”

Forest City senior vice president Jim Truitt said the two real estate firms have the land under contract to purchase, but it’s too early to talk about specific details of a development.

“There is tons of due diligence to do but we are 100 percent focused on it,” Truitt said.

Forest City is one of the country’s most experienced commercial property developers.

Founded in Cleveland in 1920, the builder has major projects in New York, Washington, D.C., Boston, Denver, Los Angeles and San Francisco.

In Dallas, Forest City has redeveloped landmark downtown buildings including the Mercantile National Bank tower and Mercantile Continental building.

And in Uptown’s Cityplace project, Forest City is building its second high-rise with apartments, retail and hotel rooms.

Trademark Property has been in business since 1992 and has developed 11.8 million square feet of retail and mixed-use projects valued at $2.5 billion.

Trademark developed the Watters Creek retail and apartment complex on U.S. Highway 75 in Allen. And the firm is part of the team redeveloping the Victory Park project on the northwest edge of downtown Dallas.

At home in Fort Worth, Trademark is building two mixed-use projects on the Trinity River called Westbend and Waterside.

“One of the great futures in Dallas-Fort Worth is greater interaction with the Trinity River and green space,” Montesi said.

The vacant land that Forest City and Trademark have contacted to purchase has been owned by a local investment group since 2012.

The property includes land on both sides of the arched bridge and between Riverfront Boulevard and Stemmons Freeway.

Before the recession, the development site which previously was covered in warehouse buildings was cleared by an apartment builder that hoped to build high-rise housing.

But that deal fell apart during the economic downturn.

Commercial real estate firm CBRE which has marketed the land for sale did design proposals for the land that showed a complex of high-rise buildings.

Kourtny Garrett who heads the economic development group Downtown Dallas Inc. said the river front real estate is prime for building.

“This is connective tissue that will bring downtown, West Dallas and the Trinity all together,” Garrett said. “The whole riverfront area is a blank canvass.

“We are very optimistic and excited about what they could bring to this property.”

Commercial property firm CBRE did designs for a high-rise project on the site as part of its marketing of the land for sale.

Source Article

Posted on

Dallas developer sells W South Beach PH to plastics exec

Penthouse 2 at 2201 Collins Avenue (Credit: Zillow)

Dallas developer Joe Beard just sold his penthouse at the W South Beach to a plastics executive, property records show.

Westdale W LLC, a company managed by Westdale Real Estate Investment Management’s CEO Beard, sold penthouse 2 to David Berges, former head of Hexcel, a multibillion-dollar plastics company, for $8.7 million.

The 2,647-square-foot, three-bedroom unit at 2201 Collins Avenue features a 2,700-square-foot rooftop terrace, five balconies, an outdoor theater, pool, marble floors, floor-to-ceiling windows and smart home technology, according to a Zillow listing. The hotel condo unit is also listed on Zillow for rent, asking $40,000 a month. Engel & Völkers is the listing brokerage.

The Westdale affiliate paid $7.25 million for the unit in 2009, when the building was completed. It hit the market in 2015 for $12.5 million and was re-listed in August for $9.3 million. This latest sale marks a 30 percent difference in price from the original ask. A unit owned by the late Zaha Hadid at the W was recently reduced in price from $10 million to $6.5 million, marking a 35 percent price cut.

Lisa Van Wagenen of Brown Harris Stevens Miami represented the buyer, according to a spokesperson. Engel & Völkers’ Luis Gonell represented the seller.

In South Florida, Westdale is looking to build Westdale Wynwood, a 202-unit apartment complex with some office and commercial space in Wynwood.

Source Article

Posted on

Dallas Mavericks Owner Mark Cuban Considers Run For President

DALLAS, TX — Dallas Mavericks owner Mark Cuban could be the next billionaire with no political experience to make a run for the office of President of the United States of America. Cuban was a vocal and harsh critic of Donald Trump during the 2016 campaign while supporting Hillary Clinton during that campaign.

“If I can come up with solutions that I think people can get behind and truly solve problems, then it makes perfect sense for me to run,” Cuban said on Bakari Sellers’ podcast ViewPoint, which was posted Tuesday morning. “If it comes down to, do I think I can win because I can convince more people to vote for me, then no.”

Cuban, who describes himself as a political independent, said he has views on both sides of the political spectrum.

“I’m not traditional in terms of politics at all,” he said, referring to the two major political parties. “”I think that’s what gets us in trouble. I believe there are right and wrong answers to problems. My goal is always to find a solution.”

.@mcuban tells me he is “seriously considering” running for POTUS. New pod out now! https://t.co/ckOMQXoFHZ— Bakari Sellers (@Bakari_Sellers) October 3, 2017

Cuban became a billionaire when he sold broadcast.com to Yahoo in 1999. He bought a majority share of the NBA’s Dallas Mavericks for $285 million in January 2000 from H. Ross Perot Jr. In a 20-year frame prior to Cuban buying his share, the Mavericks won just 40 percent of their games, had a 21-32 playoff record and were a perennial doormat in the league. In an 11-year frame after his purchase, the team won 70 percent of their games and made the playoffs 10 of those years, even winning the NBA championship over the LeBron James-led Miami Heat in 2011.

(For more local news, click here to sign up for real-time news alerts and newsletters from Houston Heights Patch, and click here to find your local Texas Patch. If you have an iPhone, click here to get the free Patch iPhone app.)

Like Houston Heights Patch on Facebook and get our posts directly in your newsfeed; story continues below.

According to the podcast, Cuban said he’d be fine with sharing his tax records, something President Trump hasn’t done. He also doesn’t think the country is divided as it sometimes appears.

“When we watch the news … it’s so easy to think everything else is falling apart, when in reality for 98 percent of us, the love is there. We get along and we like our neighbors. We just can’t lose sight of that,” he said. “A lot of it goes to leadership because when we look to the president for a calming influence, we’re not seeing that. But a lot of it’s our own undoing. I know I’m just as guilty. I watch news all day. I’m trying to force myself to listen to more music.”

When asked if the country is more divided than ever, Cuban says he thinks not.

“I think we’re doing it more than we give ourselves credit for,” he said. “If you asked random people the name of our vice president and you asked the same people the name of Beyonce’s twins, more people are going to give you the right answer for Beyonce’s twins.”

Cuban recently sent the team plane to Puerto Rico to supply aid after Hurricane Maria ravaged the island, and he’s been outspoken against players taking a knee during the national anthem.

Follow Us On Facebook: Engage with your neighbors in the Metro Houston area and keep up with the talk of the day by liking one of our Facebook pages. Houston / Midtown Houston / Houston Heights / Galleria – River Oaks / Bellaire / Meyerland / Humble-Kingwood / Conroe-Montgomery County / Sugar Land / Pasadena / The Woodlands / Clear Lake

Top image: Dallas Mavericks owner Mark Cuban speaks about professional athletes taking a knee during the national anthem while speaking to reporters during an NBA basketball team’s media day Dallas, Monday, Sept. 25, 2017.

AP Photo/LM Otero

1 2 3 4
1 2
1 2 3 4 5 6
1 2 3
1 2 3

Source Article

Posted on

How To Find Quality Housing In Dallas

Dallas one of the best cities you can move to. It has amazing weather, affordable housing, and a low cost of living. All these factors work together to make it one of the best cities to live in. Dallas housing is very affordable compared to other parts of the country, so if you are looking for a beautiful place on a budget, you might be able to find it in Dallas.

If you are moving to Dallas and need housing, you have to first think about what type of housing you want. Are you buying a house or moving into an apartment. It is important to decide what type of housing you are going to be moving into before you leave your current state.

Buying property in Dallas is affordable and there are plenty of homes you can buy that are beautiful and affordable. If you want to buy new construction or a beautiful old Victorian, you will find plenty of housing choices when you move to Dallas.

Property taxes are low in Texas and so is insurance. In fact, Texas has a low cost of living in just about every category, so it makes for a great place to live altogether. If you want to rent an apartment, you will find many affordable apartment rentals to choose from as well.

If you are going to be moving into an apartment, make sure you do your research so you find an apartment that meets all your criteria and that is also in a good neighborhood. You need to plan to spend some time looking around at the different neighborhoods so you find one that is going to work well for your needs. Make sure to check out the locations of the different areas you are considering on a map.

Posted on

Studios for Rent in Dallas What You Need to Know

Studios for Rent

A lot of real estate property professionals would say that finding a studio apartment rental in Dallas is incredibly difficult. Even so, this does not imply that finding an excellent quality studio rental unit in this city is impossible.

Dallas is a great city to live in. It is the commercial center that no other metropolis in the world will offer the services provided by this city and is really worth living here. When the time comes to look for the best studios in Dallas, you will slowly learn that it may require time and patience to grab the best deal. Dallas city is divided into five sections. They are also known as boroughs. The standard of life and activities will vary from one borough to another. There are places where you will find apartments really expensive. At the same time, if you prefer to live in one of the suburbs, you will get apartments for a cheaper rate.

Before you set out and begin inspecting some studio apartments dallas, you must know that there are several things you will have to consider, in addition to the budget. For instance, there are several rental units that will not let you live with your pets. There are apartments that will only let people from a specific niche like corporate studios and professional apartments. If you are in Dallas for a job and want to live in one of the standard studios, then you should think about using paid services like apartment rental locators or real estate agents. Nevertheless, seeking apartments online is a viable option because services offered by these portals are likely to be cheaper and investing some time to find one is worth the effort.

One of the reliable ways to get studios in Dallas is via online advertisements. A good example for this type of ad is the Craigslist.org, however, there are thousands of real estate portals online to help you get the job done. Online real estate classified ads are reliable because they provide sufficient details that are relevant for the apartment hunter to find the best deal. It is yet possible to search for the studios for rent in newspaper classified. Nevertheless, a majority of these advertisements are published by real estate brokers or apartment rental services so you have to work hard to get the right one.

When it comes to newspaper ads, search for key phrases like “to book by owner” or “no agency calls” as this implies that you will be dealing straightly with the property owner. Renting studio apartments in Dallas is not as difficult as you may think. If you are confused by all these terms and phrases, you can look for the help of real estate brokers to get the best deal. They are experienced people and very well know the requirements of their clients. However, you have to be careful before you finalize the deal. Who is going to live in the studio is you, not the broker. So, do proper homework for not to get cheated.