Dallas-Fort Worth playing big role in unprecedented building boom

An unprecedented building boom that’s underway across the globe is expected to deliver more than 700 million square feet of office space in the next three years — and Dallas-Fort Worth is expected to play a major role in the boom.

Between 2017 and 2019, Dallas-Fort Worth is projected to rank No. 1 in office completions in the Americas with 20.5 million square feet of new office space slated to come online in the region.

Click to read more at Dallas Business Journal. 

JP Morgan Chase begins moving thousands into its Legacy West campus

The first of thousands of JP Morgan Chase & Co. (NYSE: JPM) will begin moving into the company’s new regional campus in Plano’s Legacy West by the end of the week — with the initial group of employees moving into the new campus from Lewisville.

The financial giant plans to move a few hundred employees at a time, with more than 3,000 people expected to work at the new 1 million-square-foot campus by the end of the year.

“We’ve worked closely with our people to make sure everything goes smoothly,” said Steve Hemperly, head of mortgage originations and location leader for JP Morgan Chase. “We’re excited to share this new space with our North Texas colleagues. This new campus offers an event better work environment for our employees.”

Click to read more at Dallas Business Journal.

$108M Virgin Hotel Dallas bringing lace-clad vision to Design District

When Dallas developer Bill Hutchinson began to describe the new Virgin Hotel Dallas project, he felt it was important to expose parts of it with the help of a lace-like exterior clinging to the building — which drove the design of the upscale hotel.

But perhaps one of the most interesting design features of the $108 million hotel development was inspired by a glossy white Jeep Grand Cherokee.

“One of the construction team members drove their new Jeep Grand Cherokee with a beautiful gloss automotive finish to the job site and Bill looked over and said, ‘I like the white Jeep,’ and we actually matched the color of the Jeep to the skin of the building,” said Scott Lowe, a principal at Dallas-based 5G Studio Collaborative, the project architect.

Click to read more at Dallas Business Journal. 

Success at Shops at Park Lane brings forward plans for new 11-story office tower

With the majority of the office space being leased up at The Shops at Park Lane, New York-based real estate investment firm Northwood Investors has unveiled plans for a new 11-story, 340,000-square-foot office tower.

The office tower at 8010 Park Lane will sit on the north side of The Shops at Park Lane, and will include ground-floor retail space that will open up to a community park.

The construction is slated to begin after a specified amount of space is pre-leased to an office tenant. With a 98 percent occupancy of office space at The Shops at Park Lane, leasing officials say they expect to see robust demand.

Click to read more at Dallas Business Journal.

Frisco ranks as top U.S. real estate market followed by 4 nearby suburbs

Frisco has ranked as this year’s best real estate market in the United States, followed by four neighboring North Texas suburbs, according to a WalletHub study.

The ranking compares 300 cities across 21 metrics ranking from job growth to median home price appreciation to home sales turnover rate. So, why has Frisco landed the country’s top spot?

Click to read more at Dallas Business Journal. 

New York coworking concept gears up for $20M expansion in Dallas

New York-based Industrious — one of the biggest coworking concepts in the industry — is plotting a $20 million expansion in North Texas, which could put up to eight locations in the region.

The expansion plans come weeks after Industrious opened its initial location within One Arts Plaza in the Dallas Arts District, which CEO and Co-Founder Jamie Hodari says is going well.

Click to read more at Dallas Business Journal.