Is Dallas government killing the downtown arts district?

[Dallas retail updater]

Originally Posted by HP48G

I had to LOL remembering this thread today. I was walking around the area and noticed the new 7-eleven in the lower level of the Cirque high rise in victory park... definitely more practical use of retail space than any attempts at "luxury retail" in these ghosts streets devoid of pedestrians 90% of the time.

Give it time. The real growth won't take place until the next downturn. Right now, the prices are too high. The two thosand apartments in Victory Park and another four thousand in the area will make a better customer than the occasional fans.

The retail n Victory Park will end up regal which is what it should have been to begin with.

[Johnhw2]

Originally Posted by Dallas retail updater

A tall office building, even when it isn't empty, provides little value to the public. Let's say thirty minutes of awe. The contemporary Dallas genious that is Caroline Rose Hunt highlights the better ideal model for success. Invest long term spending big in the retail centerpiece. Then make the office space and hotels around it part of that centerpiece. Neiman Marcus got it started by utilizing that method in constructing his department store downtown. Highland Park Village and NorthPark Center later followed suit. Headington is the latest developer to make a similar impact by utilizing that method.

Caruth got caught up into this competition developing lots of award winning retail shopping centers.

Unfortunately, the retail of the whole region of North Texas is now eroding away from this high standard largely because greedy developers are being paid off with tax payer money to construct cheap tilt walled strip centers.

The money to those who have jobs in that building support your beloved retail. Jobs the economic driver, retail is exchanging trinkets as the native americans did with the explorers of this country. Retail is a low tech business in evolution as online retail dominates with growth while retail brick and mortar hold on to survive. You ignore the source of success for retail ignoring office buildings and the jobs they attract. Legacy west is a lot of office buildings that will fill up with income earners next summer which will drive the retail to follow not vice versa as some seem to think.

[Dallas retail updater]

Originally Posted by Johnhw2

The money to those who have jobs in that building support your beloved retail. Jobs the economic driver, retail is exchanging trinkets as the native americans did with the explorers of this country. Retail is a low tech business in evolution as online retail dominates with growth while retail brick and mortar hold on to survive. You ignore the source of success for retail ignoring office buildings and the jobs they attract. Legacy west is a lot of office buildings that will fill up with income earners next summer which will drive the retail to follow not vice versa as some seem to think.

Yet, think of all the prime in central Dallas? The area along Central Expressway around NorthPark Center is beginning to move upwards in prime. The prime around Preston Center is second only to Uptown in prime. The area around Highland Park Village is ridiculous. Then there is Inwood Village, Snyder Plaza, and Mockingbird Station.

How do office buildings in Houston maintain their prime? Well, the huge energy companies based in the area fill them up and they aren't going any where. These skyscrapers attract investors as, even during downturns, the energy companies keep their office space by subleasing it out.

As tall skyscrapers in Houston get built anchoring developments, they don't enhance the real estate around them as developers will service them by building cheap tilt walled strip centers.

It is a fallacy that Dallas is a city of tall skyscrapers. If anything, Dallas should be called the city of low rise office boutiques as the city once had over 10,000 corporations based in the area. Indeed, the majority of developments in the area utilize retail as anchors while such additions as office buildings, residential, and hotels get constructed around them.