Archive for July, 2012

NYLO Dallas South Side Set to Open Next Month » Real Points

Posted by    |    July 31st, 2012 at 5:15 am

NYLO has announced that its Dallas South Side hotel is set to open in mid-August at 1325 S. Lamar St. at Belleview. The opening caps a renovation of the 101-year-old former Dallas Coffin Co. building into a 76-room boutique hotel.

It will be NYLO’s third North Texas property, joining others in Las Colinas and Plano. The Dallas venue marks the company’s first local conversion project, and the first to seek LEED certification.

Among the amenities: SODA Bar, a rooftop infinity pool and glass-enclosed lounge featuring views of downtown Dallas; and Terrace Bistro, a lobby-level restaurant. The hotel also will feature indoor meeting space and a 4,500-suqare-foot rooftop terrace for hosting special events.

Read more at Real Points » Blog Archive » NYLO Dallas South Side Set to Open Next Month.

Dallas’ Klyde Warren (Woodall Rodgers Deck) Park will have “4 ½ activities per day” | www.pegasusnews.com | Dallas/Fort Worth

Posted by    |    July 31st, 2012 at 5:15 am

More than 30 providers will offer free classes, musical events, and programming in Klyde Warren Park, the 5.2-acre green space which extends between Pearl and St. Paul streets over Woodall Rodgers Freeway. On average, there will be 4 1/2 activities per day, according to Mark Banta, president of Klyde Warren Park.The park opens October 27.

“What they’re going to do for us is provide a level of activity that keeps this park fun, surprising, and something new and different each and every day,” said Banta. “When you have a high level of programming, people just come from everywhere to experience that and to enjoy the park environment.”

Read more at Dallas’ Klyde Warren Park will have “4 ½ activities per day” | www.pegasusnews.com | Dallas/Fort Worth.

Tomorrow, Better Block-er Jason Roberts will be honored as ‘Champion of Change’ at White House | City Hall Blog

Posted by    |    July 31st, 2012 at 5:15 am

Tomorrow Jason Robert will be at the White House. Not that Roberts was going to say anything about it: “I don’t mind tooting my horn about my projects,” says the Oak Cliff-dweller behind, amongst other projects, the Oak Cliff Transit AuthorityBetter Block and bike lanes. “But when it’s about me … well, it’s kind of weird.”

Which is why we didn’t know till this morning that Roberts will be in D.C. tomorrow accepting a Champions of Change award from U.S. Secretary of Transportation Ray LaHood.

Read more at Tomorrow, Better Block-er Jason Roberts will be honored as ‘Champion of Change’ at White House | City Hall Blog.

Dallas Commutes, Tradeoffs and the Limits of Urban Growth

Posted by    |    July 30th, 2012 at 5:15 am

There is a moral for Dallas and its suburbs in this story — maybe one of the reasons that the inner core is revitalizing …..

The commute from suburban Katy, Texas to Houston’s central business district is measured by Google maps at 44 minutes in optimal traffic conditions is only a slightly closer 39 minutes).  At distances like this, with a diminishing number of potential purchasers willing to undertake such long commutes to major job centers, faster transit virtually out of the question, and any new edge city employment clusters unlikely to contribute a significant proportion of metro area jobs, one wonders how much longer outward urban expansion can continue at its current rate.

If the theory that commuting time preferences are more or less universal is true, we should by now expect to see a considerable refocusing of residential development in and around Houston’s employment centers. As Chris Bradford reported back in March, this is precisely what is happening.

Read more at Old Urbanist: Commutes, Tradeoffs and the Limits of Urban Growth.

New owner plans to renovate Fort Worth’s Hogan Building | Business | Dallas Business, Te…

Posted by    |    July 30th, 2012 at 5:15 am

A Denton-based real estate development group that has renovated several old buildings has bought the Hogan Office Supply Co. building, 901 Houston St., and received approval from two city boards to give the facade a turn-of-the-century facelift.

Verus Capital Partners, the investment business of Verus Real Estate Advisors, bought the 31,000-square-foot property from the investor group that owns the historic 16-story Sinclair Building at 512 Main St. That group, Houston Street Partners and ANS Real Estate, has owned the 3-story Hogan Building since 2007 but never followed through on plans for loft apartments.

Read more at New owner plans to renovate Fort Worth’s Hogan Building

Foreign Investment in TX Real Estate – EB-5 Program offers immigrants citizenship to investors

Posted by    |    July 30th, 2012 at 5:15 am

Texas has become a magnet for foreigners seeking new investment or security for their families, through a federal program that gives them visas and permanent residency if they invest half a million dollars and create jobs. Entire families from Mexico and Latin America have used this program for EB-5 investors and have been applied in the 17 regional centers in Texas authorized by the Office of Citizenship and Immigration Services (USCIS) of the 204 national in 40 institutions. Some call it the “golden immigration” because usually it comes from wealthy families who migrate legally to expand its investments or, as in the case of imports originating in Mexico, to exile himself from the violence.

Despite this, approximately only 20% of applicants are from Latin America, against 70% from China and the rest are from other countries.

One of the regional centers to apply for EB-5 visa is the most active city that manages Dallas, through its Office of Economic Development, which was authorized in 2009 and since then has attracted more than $ 119 million for development projects and commercial real estate. In partnership with the company “Civitas Capital Management,” have processed 238 EB-5, which meant 2.380 local jobs in the last 2 years. ”So much for Dallas to investors is a good chance of long-term business,” said Karl Zavitkovsky, director of the municipal economic development office in charge of the program.

Generally these are real estate related investments such as call centers, restaurants, multifamily apartment buildings, residential homes or commercial offices, he said. In the case of Dallas, the development office municipal economic and Civitas Capital Management company making efforts to attract more Mexican businessmen, so they have conducted talks with potential investors in states such as Nuevo Leon, San Luis Potosi, Veracruz and Mexico City, where they travel to talk about available investment projects. ”For us, Mexico is a high priority, both for its proximity and the familiarity with the U.S. economy for many of the Mexican capitalists who have invested above, have lived or studied in this country and have certain business sophistication, “said Zavitkovsky.

Read more at Texas offers immigrants citizenship to investors.

Bob Simpson buying Fort Worth Public Market Building | Business | Dallas Business, Texas…

Posted by    |    July 30th, 2012 at 5:15 am

Oil and gas mogul Bob Simpson, the former top executive at XTO Energy who has acquired and renovated several downtown office buildings over the years, has bought the landmark Fort Worth Public Market Building and some adjacent properties on Henderson Street, at the southwest edge of downtown.

The Simpsons are considering returning the 82-year-old property to its original use as a public market where residents can buy fresh local produce.

Read more here: http://www.star-telegram.com/2012/07/27/4132708/bob-simpson-buying-fort-worth.html#storylink=cpy

Read more at Bob Simpson buying Fort Worth Public Market Building | Business | Dallas Business, Texas….

TEX Rail in Fort Worth gets $4 million in federal grant money | Texas Watchdog

Posted by    |    July 30th, 2012 at 5:15 am

Fort Worth officials don’t have the train on the track, but plans seem headed that way.

Fort Worth Transportation Authority, the T, received a slight boost recently when the federal government allocated $4 million toward TEX Rail, NBC 5 in Dallas-Fort Worth reported. It’s a 37-mile commuter rail line aimed at taking people by light rail from southwest Fort Worth to the Dallas-Fort Worth International Airport.

Read more at TEX Rail in Fort Worth gets $4 million in federal grant money | Texas Watchdog.

Thursday Three Hundred: Hipsters Live Here — The Perfect Home For The Savvy Gen Y Buyer

Posted by    |    July 27th, 2012 at 5:15 am

This Anita Heights home is perfect for the Generation Y hipster who has had it with renting.

Everything about this home screams skinny jeans and ironic glasses. From the modern furniture straight from West Elm and the Anthropologie accessories to the hilarious print in the water closet, this two-bedroom, one-and-a-half-bath cottage is Generation Y heaven.

Being a Gen Y-er, I have to admit that I am in love with this home. All of the super clean and sleek walls and floors, the fire place, the window shades — “single me” can’t wait to move in. Now that I have a baby, though … not so much. At $330,000 and 1,293 square feet, I can’t imagine me, my husband, Cooper, and all of Cooper’s copious toys fitting in here.

That’s OK, though. The perfect buyer for this house isn’t “married me.” It’s me when I wanted to be close to concert venues such as the Granada Theater and restaurants such as the San Francisco rose and bars such as Stan’s Blue Note. At 6458 Anita, you’ll be at a comfortable distance from everything Greenville Avenue has to offer without dealing with stumbling bar patrons and tons of cars parked on your street (sorry M Streets!).

Of course, being east of Abrams means you’re super close to White Rock Lake, too. Perhaps this home would appeal best to bicycle-loving hipsters?

Another reason this home appeals to my age bracket is that it’s fully remodeled. Everything in this home, from the sleek cabinets and countertops to the master bathroom is brand-spanking new. The lucky buyer of this abode, which doesn’t look anything like it was built in the 1950s, won’t have to lift a finger.

— Daily Local Real Estate Dish By Dallas Real Estate Insider — Candy Evans at CandysDirt.com