Dozens of Projects Developing in Downtown Dallas
Dallas real estate developers are hard at work with at least two dozen projects underway in downtown Dallas. Of course , the developers are ‘diggin’ the new development opportunities, which include expansion of the Joule Hotel and several apartments plus newly remodeled office space in some of the area’s cool skyscrapers.
Along with downtown renovation and expansion, the Dallas Farmer’s Market (a local favorite for fresh produce and plants), will get additional living space for city dwellers – with an addition of townhomes and apartments in Farmer’s Market Square. This is exciting news for those who like the convenience of living and working in downtown. One thing that has been missing in Dallas is ability to get around by foot more easily – so hopefully developers will create living space which accommodates access to retail and dining for city dwellers who work and live in downtown. Some of the expansions and updates in the area include Plaza of the Americas, Reunion Tower, Bank of America Plaza, Tower Petroleum Building and One Dallas Center, just to name a few.
In addition to down town, the recent housing surge in North Texas has developers busy with Texas cities bouncing back like Austin, Corpus Christ, Dallas-Fort Worth, El Paso, Houston, and San Antonio. First quarter median home prices were higher than in the same period last year in 133 out of 150 U.S. markets. Austin had the biggest gain with an increase of 8.7 percent.
In May, Dallas’s best neighborhoods were recently posted in the Dallas Morning News in a 13 part series that ranks areas based on 12 key livability factors.
Neighborhood Ranking Factors
The factors that played a part in the consideration of ranking include
- Property Appreciation
- Friendly Neighbors
- Pet Friendliness
Top 10 Neighborhoods that made the list
- Northwood Hills
- Bent Tree
- Lake Highlands
- North Dallas
- White Rock Valley
- Preston Hollow
- Turtle Creek