South Korean manufacturer to invest $100M into DFW expansion bringing 1,600 jobs

A South Korean manufacturer is expanding its U.S. operations in North Texas, with Garland-based Nutribiotech USA Inc. bankrolling $100 million into the former Raytheon campus. The facility is being converted into a new $50 million business park.

Over the next five years, Nutribiotech USA, a subsidiary of Nutribiotech Co. Ltd. (222040:KOSDAQ), will increase its footprint from an existing 60,000-square-foot facility to more than 685,000 square feet of space. The expansion includes the renovation of 375,000 square feet of former Raytheon facilities and the construction of a new 250,000-square-foot facility adjacent to Nutribiotech’s current site.

“We have been growing very rapidly and Garland has been a critical part of the success,” Nutribiotech USA President BJ Lee said in a prepared statement. “As we look to the future, we are excited to be a valued and dynamic part of this region’s economic engine.”

Click to read more at Dallas Business Journal. 

Tanglewood luxury multifamily project nears completion

A new luxury multifamily development nestled between a park, a Whole Foods Market and other apartments, is nearly complete near the Tanglewood neighborhood.

Tenants have already begun moving in at The Hayworth, 1414 Wood Hollow Drive. The $9 million tower has 246 units and construction is expected to be complete around March 2018.

“The build of The Hayworth was not formulaic,” said Mark Culwell, managing director at Houston-based Transwestern Development Co., which developed The Hayworth, in a press release. “We researched the surrounding neighborhood and designed the building to fit in with the Tanglewood area.”

Click to read more at Houston Business Journal. 

Developers unveil plans for new 20-acre urban campus in downtown Dallas

Dallas-based development group Hoque Global has partnered up with Dallas-based KDC to unveil plans for an urban-style neighborhood totaling more than 20 acres, which could have the ability to attract a Silicon Valley-type corporate user to downtown Dallas.

The development plan, which is being marketed as the “Dallas Smart District,” includes building Class A office, residential, retail, hospitality and open spaces on several contiguous blocks from Canton Street to the Dallas Convention Center to the Farmers Market to adjacency next to Dallas City Hall in downtown Dallas.

Click to read more at Dallas Business Journal. 

Texas A&M to begin $127M building in Deep Ellum to boost Dallas enrollment

Texas A&M University has begun construction on a new nine-story, 157,756-square-foot clinic and educational building near Dallas’ Deep Ellum neighborhood.

The $127 million facility, which is being built for the university’s College of Dentistry, will help the Texas A&M dentistry program boost its enrollment by 25 percent. It will also give North Texans another avenue for dental care.

The College Station-based university system plans to hold a ceremonial groundbreaking at the new Dallas facility on Monday, which, upon completion, will have the address of 3000 Gaston Ave. — which includes a portion of land formerly occupied by a neighborhood bar, The Elbow Room.

Click to read more at Dallas Business Journal. 

Developer to break ground on 3M SF spec industrial project in Baytown

Houston-based Pontikes Development will soon break ground on a 3 million-square-foot speculative warehouse and distribution park near Port Houston.

JLL’s John Talhelm, who will be marketing the property alongside Kevin Erck, said the park will sit at one of the last available tracts of Port-adjacent land that could accommodate such a park.

“This is the last large developable tract sitting on a major freeway,” Talhelm said.

In the coming weeks, Pontikes will break ground on Port 10 Logistics Center on 246 acres at Interstate 10 and Thompson Road in the southeast Houston community of Baytown. The first phase of the multiphase project will deliver in the third quarter of 2018. Around 2 million square feet of the project’s 3 million square feet will be directly rail-served; the park will be around a 10- to 15-minute drive from both the Barbours Cut and Bayport terminals in the Port Houston.

Click to read more at Houston Business Journal. 

H-E-B to break ground on Houston Heights store

 year after voters approved the removal of a ban on certain alcohol sales, H-E-B Grocery Co. will begin construction on its newest store in the Heights.

On Oct. 24, the San Antonio-based grocer will host a groundbreaking ceremony for a new 92,000-square-foot store at 2300 N. Shepherd Drive, per a release. Construction will not begin until November, but the store’s expected to open fall 2018.

The location had depended on whether Houston voters would change a rule prohibiting the sale of alcohol for off-premise consumption — and they did last November.  

Click to read more at Houston Business Journal.