DOWNTOWN BIG"6"..What direction are they going??? (Houston: condos, garden)

[oil capital]

Originally Posted by dallasboi

JUST TO BE CLEAR.......I CREATED THIS THREAD AND ITS A POSITIVE ONE. It's not a city vs city thread. There is no need to question projects and argue back and forth over anything. Its to announce new ideas and developments to come in the future. You guys just have to show your hatred for Dallas progression. Do you ever see any dallasites questioning developments in Houston or other cities?...no....So why is it so important to do it to Dallas.

JUST TO BE CLEAR, this is an open forum for discussion of projects and pending projects. Stating facts is NOT hatred.

You indeed started this thread for the purpose of "Post[ing] developments in the cores of each core so we can all learn the most current development phase in each.Also post future projects to help paint the vision for each city...."

It's only by posting accurate and factual information that we can all learn the most current development phase in each city. You seem to only want to post feel-good fantasies even when you've been shown they are not true. Why is it so important to you to avoid reality?

You of course are free to believe whatever you like. But don't whine to us when your fantasies don't come true.

Keep me posted when construction starts on any of these central Dallas projects. There's a lot of exciting potential.

[dallasboi]

Originally Posted by oil capital

JUST TO BE CLEAR, this is an open forum for discussion of projects and pending projects. Stating facts is NOT hatred.

You indeed started this thread for the purpose of "Post[ing] developments in the cores of each core so we can all learn the most current development phase in each.Also post future projects to help paint the vision for each city...."

It's only by posting accurate and factual information that we can all learn the most current development phase in each city. You seem to only want to post feel-good fantasies even when you've been shown they are not true. Why is it so important to you to avoid reality?

You of course are free to believe whatever you like. But don't whine to us when your fantasies don't come true.

Keep me posted when contractions starts on any of these central Dallas projects. There's a lot of exciting potential.

This is a very large thread that really had no problems until your envy took over you.

[oil capital]

Originally Posted by dallasboi

This is a very large thread that really had no problems until your envy took over you.

Let's try to stick to the facts shall we? I look forward to continuing to watch projects go up in central Dallas and the rest of the Texas 6. Keep us posted.

Just to keep on track, here's what we have under construction right now:

Uptown/Turtle Creek:

Maple Terrace - 22 stories (rental residential)
Harwood No. 14 - 25 stories (office)
Swexan Hotel - 19 stories (hotel)
The Quad - 12 stories (office)
2620 Maple - 12 stories (rental residential)

Downtown:
JW Marriott - 14 stories on top of 9-story parking garage (hotel)

[oil capital]

Originally Posted by Dallaz

Interesting…..it seems like 23Springs has started (like I said)

This was updated 06/27/2022 11:52 AM

https://www.constructionjournal.com/...1264e884d.html

It says “Construction Commenced June 2022”

Seems like it hasn't quite started. Per the observant folks at DallasMetropolis yesterday:

"The site demolition is still in progress"

construction very likely soon, but not quite yet.

[Mr. Clutch]

Originally Posted by oil capital

JUST TO BE CLEAR, this is an open forum for discussion of projects and pending projects. Stating facts is NOT hatred.

You indeed started this thread for the purpose of "Post[ing] developments in the cores of each core so we can all learn the most current development phase in each.Also post future projects to help paint the vision for each city...."

It's only by posting accurate and factual information that we can all learn the most current development phase in each city. You seem to only want to post feel-good fantasies even when you've been shown they are not true. Why is it so important to you to avoid reality?

You of course are free to believe whatever you like. But don't whine to us when your fantasies don't come true.

Keep me posted when construction starts on any of these central Dallas projects. There's a lot of exciting potential.

Nah they won't whine, they'll just act like it never happened and pivot to something else.

The same people that believe that GS is about to anchor an 80-story building are the same people who think there's a realistic chance the HSR project still happens. It's amusing to see them get their hopes up though.

I wouldn't see surprised to see GS (and a lot of other companies unfortunately) start shedding jobs anyway.

https://nypost.com/2022/06/28/goldma...r-unit-report/

[Dallaz]

Originally Posted by Mr. Clutch

Nah they won't whine, they'll just act like it never happened and pivot to something else.

The same people that believe that GS is about to anchor an 80-story building are the same people who think there's a realistic chance the HSR project still happens. It's amusing to see them get their hopes up though.

I wouldn't see surprised to see GS (and a lot of other companies unfortunately) start shedding jobs anyway.

https://nypost.com/2022/06/28/goldma...r-unit-report/

Who said that Goldman Sachs is about to anchor an 80 story building? Please show me an actual example of this very thing you say will happen.

It’s like people on here try to discredit everything. Even with a lead tenant signed to a major project. It is hilarious actually.

[Dallaz]

Originally Posted by dallasboi

JUST TO BE CLEAR.......I CREATED THIS THREAD AND ITS A POSITIVE ONE. It's not a city vs city thread. There is no need to question projects and argue back and forth over anything. Its to announce new ideas and developments to come in the future. You guys just have to show your hatred for Dallas progression. Do you ever see any dallasites questioning developments in Houston or other cities?...no....So why is it so important to do it to Dallas.

Facts! Not one time did I question anything going up in Houston. Actually, I’m happy for the progress that is happening in all of Texas’ major cities.

[Dallaz]

Originally Posted by oil capital

Seems like it hasn't quite started. Per the observant folks at DallasMetropolis yesterday:

"The site demolition is still in progress"

construction very likely soon, but not quite yet.

Nope, it seems like the Dallas Business Journal and DMagazine disagree.

Granite looks to tap into Uptown’s energy and identity with 23Springs tower underway

https://www.bizjournals.com/dallas/n...roperties.html

It’s only been a few weeks since fencing began to rise and bricks began to fall at the site of Granite Properties’ 23Springs development in Uptown Dallas.

What was formerly Cedar Maple Plaza – three low-rise buildings comprising 110,000 square feet – will transform into one of the submarket’s largest towers over the next few years.

Granite Properties Breaks Ground on New 26-Floor Development in Uptown

https://www.dmagazine.com/commercial...ent-in-uptown/

Granite Properties breaks ground on 23Springs signing a lease and closing construction financing with Bank OZK.

I can’t wait to see it rise. Great infill project that will help further densify Uptown and our core. It’s right next to 2811 Maple…that’s U/C as well.

https://m.youtube.com/watch?v=SndkkP...ature=youtu.be

[Dallaz]

Originally Posted by LocalPlanner

This is definitely true. Downtown Dallas became pretty uncompetitive for capturing office tenants, relative to the rest of the region, by the mid-1990s despite the recovery from the oil and bank bust. The City and downtown organizations worked really really hard to make the residential and hotel conversions happen and eventually had a lot of success.

It was a big contrast with Downtown Houston, which remained much more competitive for office tenants (I think there's a couple reasons for that). That meant that all office properties and much of the vacant land (especially a site that could connect with the tunnels) was valued for and envisioned as future office towers, not residential. And certainly not hotel - the hotel market had vacated Downtown Houston so badly that by the late 1990s it was down to less than 2,000 rooms, which is crazy given how much employment was there.

The point is, it was the clear fact that Downtown Dallas was not competitive for the office market that enabled it (or maybe forced it) to make a market pivot, whereas it took a lot longer in Houston - and in fact Houston hasn't had conversion of 1960s-1980s office space to residential at all, if I'm not mistaken. Its residential growth, other than a few truly historic (pre-WWII) adaptive reuse properties, has all come from new construction. A couple old office properties did get turned into hotels once the Convention Center was expanded and more entertainment options opened. But its 1970s-80s office towers are now sitting there with pretty high vacancy for the most part, as tenants have departed for newer cutting-edge buildings within the district.

Dallas' pivot is paying off now. The increased residential base and other improvements (Arts District, Klyde Warren Park) has now even led to increasing Downtown Dallas' appeal for office tenants, so kind of full circle.

This article from the DBJ talks about what you’re saying. Interesting read on the direction of Downtown

America's new mainstreets: Downtown Dallas

https://www.bizjournals.com/dallas/n...wn-dallas.html

Article is free BTW. Just an excerpt that’s similar to your post.

Can Dallas do a better job of learning from its former history of boom-and-bust cycles to plot a more prosperous, economically sustainable future?

DUSTIN BULLARD: From a downtown Dallas perspective, it was diversification. It was a deliberate decision to create places for people who live down here. We didn’t have that. We didn’t even allow people the option to live downtown. After the 80s, we quickly realized that diversification is the key to success. We need to support not only the office market, but residential, retail and hospitality as well. Let’s invite people to live downtown and see how that goes. Here we are today. Hotel and visitor traffic is vitally important. We realized that diversification and the city realized many years ago, after the ’80s. You bust an office market. If that’s all your neighborhood, it takes a long time to recover.

JENNIFER: By summer 2021, bookings for state drive markets (people driving less than 90 minutes to Dallas)rebounded very quickly. There was the perception that you could come to Dallas, have a great time, and do things that you couldn't do in smaller cities and neighboring states. We might be back at pre-pandemic levels by the end of this year, which is incredible. Beautiful hotels came online during that time. It’s not just the big conventions, but these events that bring people in make a tremendous difference.

[dallasboi]

Originally Posted by Dallaz

This article from the DBJ talks about what you’re saying. Interesting read on the direction of Downtown

America's new mainstreets: Downtown Dallas

https://www.bizjournals.com/dallas/n...wn-dallas.html

Article is free BTW. Just an excerpt that’s similar to your post.

Great Article!!!