{{titleBar.title}}

​​​​​COLLEGE STATION – Sodalis Senior Living will break ground on Sodalis College Station on Oct. 24.

The 73,777-sf assisted-living and memory care community will be at 3211 Harvey Rd. It will offer a mix of one-bedroom and studio residences.

Delivery is slated for late 2019.

​​PEARLAND – Watercrest at Shadow Creek Ranch is adding an assisted-living and memory-care facility that could be ready for move-in as early as March 2019. 

The facility at 11745 Broadway St​. will have 68 assisted-living, 24 memory-care, and 29 extended-care units. 

Called the Landing at Watercrest at Shadow Creek Ranch, it will be the first property in the city to offer assisted-living on the same site as independent-living options.

​​​​​​FORNEY – The city has rezoned 102 agricultural acres alo​​​​ng US 80 ea​st of CR 212 ​for industrial use. 

The project, named Project Fireball, will be a ​1.2 million-sf build-to-suit warehouse and distribution center for Ohio-based Goodyear Tire & Rubber Co.  

Included in the zoning request is the construction of a new road that will connect US 80, Gateway Blvd., and CR 212.

​​CROSS ROADS, DENTON COUNTY – A 29-acre supportive-living community for adults 18 and older who have autism has broken ground west of Prosper.

The development at 3000 Moseley Rd. will initially accommodate up to 32 residents. The $6 million first phase will include six to eight homes, a community center, pool, teaching kitchen, and other amenities. 

It will eventually have 15 homes and serve 60 adults living with autism.​

Construction is expected wrap up in early 2020.

​​​​DALLAS – A 150,000-sf Central Market grocery store will be part of a high-rise development planned at McKinney and Lemmon Avenues. The development will include offices, shops, and restaurants.​

The grocery store will occupy the lower levels of the 19-story mixed-use project, which will also include a 450,000-sf office tower. A two-acre public plaza with access to the office tower and shops and restaurants will be on the roof. There will also be underground parking. 

An Albertsons used to ​occupy the 4.8-acre site. ​

Locally based KDC is teaming up with the San Antonio-based grocer on the project. Local architect Omniplan and San Antonio design firm Lake|Flato are designing the development.

​​​​​​​AUSTIN – Brandywine Realty Trust will buy out its joint venture partner, New York-based DRA Advisors, in a portfolio of office buildings valued at $537 million.

The 12-building portfolio totals 1.57 million sf. It includes:

• four buildings at Barton Skyway (1501 S. MoPac Expwy.);
  

• seven buildings at River Place (6500 Riverplace Blvd.); and
  

• ​one building at Four Point Centre (1305 Four Points Dr.).
  

The deal will close in fourth quarter 2018.​

​DALLAS – Stores are opening in the new 180,000-sf High Point Shopping Center, including brands that are new to the expanded E. Northwest Hwy. shopping district.

Academy Sports + Outdoors opened a 63,000-sf store, and Five Below, Marshalls, and Burlington will all have locations on the property. Dunkin' is among the new leases signed, along with Chipotle, Castle Nail Spa, and Stanton Optical.

The shopping center was built next to the Dallas Children's Theater and across from one of the city’s oldest shopping centers—the Medallion Center, built in 1962.

​Check out Dallas-Fort Worth-Arlington Retail Market Research​.

​​​DALLAS – Lennox Capital Partners has acquired the 198-room Highland Dallas Curio hotel at the corner of Mockingbird Ln. and US 75 near SMU.

The nine-story hotel opened in 2006 as The Hotel Palomar. It became the Highland Dallas in 2014. The property includes a full-service restaurant, a salon, a fitness center, an outdoor pool, and more than 14,000 sf of meeting space.

The previous owners—an affiliate of Brookfield Asset Management Inc.—invested more than $6 million in the property before putting the hotel on the market a few months ago. 

​​​CONROE – ClearWorth Capital LLC has acquired Redford Park Apartments, a 212-unit multifamily property. 

Built in 1983, the property offers one- and two-bedroom units. It has a tennis court, pool, and resident clubhouse. 

​Check out Houston-The Woodlands-Sugar Land Multifamily Market Research.

​​​​​​​ELMENDORF – ​​​Developers are working on a 1,000-acre project that could double the size of this 1,600-person ​city southeast of San Antonio. 

Elmendorf Land Partnership ​LP and an ​​affiliated corporation, ELP 1604 LLC​​​​​​, purchased the land​ at Loop 1604 and ​US 181 at the edge of Bexar and Wilson Counties in 2014.

The property, called The Ranch at Elmendorf, will have 1,389 single-family homes ranging from $150,000 to ​​$375,000. Around ​360 apartment units are also in the works. 

Developers will carve out 90 acres for commercial use while preserving 55 acres for open space, 7.5 acres for schools, and 9.5 acres for a park. ​

Streets and utilities infrastructure costs are projected to be around $66.5 million. ​

The city​​​ approved a Tax Increment Reinvestment Zone for the project last October.

​​​​BAYTOWN – ​JSW USA has broken ground on a ​​111-acre plate mill factory. 

The $500 million project will have the most technologically advanced and eco-friendly electric arc furnace, slab caster, and plate mill in the world.

It ​is part of a second and larger phase of a ​​​​​plate mill modernization and expansion project that began in June 2017 on JSW USA's 700-acre campus on McKinney​ Rd. 

Construction is expected to take between 18 and 24 months. ​

​​​​​GALVESTON – Texas A&M University at Galveston has​​ opened the Aggie Special Events Center (ASEC) just in time for the fall semester. 

The 38,000-sf building has classrooms, seminar rooms, a campus bookstore, meeting rooms, administrative offices, mailroom, coffee shop, and other spaces that can be subdivided.

The ASEC is the second phase of a $99 million expansion. Phase one is ​a 91,000-sf academic building intented to help the campus vacate​ the Sea Aggie Center. 

Texas A&M held a dedication ceremony on Oct. 19. The facility originally opened in July 2018. 

​​​​​​DALLAS – Klyde Warren Park is extending its footprint over Woodall Rodgers Fwy. by an additional 1.2 acres.

The $76 million project—a completion of the original plan for the deck park—will expand the park west of North St. Paul Street and will be anchored by a 20,000-sf pavilion in front of the Hunt Consolidated headquarters.

The pavilion will be home to an event space and the VisitDallas Visitor's Center, which will serve as a “concierge to the city.” 

The expansion is a joint initiative between the Woodall Rodgers Park Foundation and VisitDallas. 

Construction is set to begin in 2019 and be completed by 2022.

Klyde Warren Park, a $110 million project, opened in October 2012 and currently stretches across 5.2 acres over the highway that separates Downtown from Uptown. The park has generated billions of dollars in development and is one of the most successful infrastructure investments in Dallas’ history.

​​​TEXARKANA – Texarkana home sales​ increased by 20.7 percent over the year to 227 single-family home sales in third quarter 2018.

Median price increased by 1.4 percent to $139,900.

Across the state, there were 95,225 home sales in 3Q 2018, a 4.4 percent year-over-year increase, according to the most recent Texas Quarterly Housing Report released by the Texas Association of Realtors.

The median price increased 4.4 percent to $235,000.​

​​​​​GREENVILLE – Pennsylvania-based Chelsea Building Products has leased a 130,816-sf industrial property at 1001 Ed Rutherford Dr. in Hunt County. 

The property, which previously hou​​sed a plastic injection molding company, will be Chelsea’s second production facility in the U.S.

​​​​FORT WORTH – The Greater Fort Worth Association of Realtors has released its September 2018 housing report. 

​​​​​​MISSOURI CITY – Roadrunner LTD has leased a 30,000-sf industrial space from Almofa LLC.

​Check out Houston-The Woodlands-Sugar Land Industrial Market Research.

​​​​​​​HOUSTON – NAI Partners has released its 3Q 2018 Houston Industrial Market Report. Here are the high​lights. ​​

Vacancy increases slightly as development booms.

• Overall industrial vacancy rate grew to 5.7 percent in third quater 2018, an increase of 40 basis points qua​rter over quarter, and 50 basis points year o​v​er year.
  

• Net absorption was positive 1.8 million sf, rising 152.3 percent over last quarter at 733,000 sf.
  

• New construction delivered during the third quarter stood at 4.5 million sf—a level not seen since a record-breaking 6.4 million sf in third quarter 2016.
  

Houston’s economy continues to grow at a healthy pace.

• Houston employment grew 3.8 percent over the three months ending in August, led by a surge in construction (13,600 jobs).
  

Port Houston jumps to top five U.S. container ports.

• During the first six months of 2018, Port Houston imports from the Trans-Pacific region increased by 24 percent, a significant jump compared to overall U.S. Trans-Pacific imports, which increased by 5 percent.
  

​Check out Houston-The Woodlands-Sugar Land Industrial Market Research.

​​​​​DALLAS – One of the last high-rise building sites along the Turtle Creek corridor is being eyed for a new luxury hotel and condo tower.

Developers are working on plans for the high-rise on a two-acre site at 2999 Turtle Creek Blvd. 

The site, across the creek from the Perot family's new corporate campus, is currently home to a two-story office building.

Dallas-based JMJ Development is working with local design firm Fab Studio Architecture to build a 21-story contemporary hotel and residential building on the property.

The high-rise would include 82 condos and 175 hotel rooms.

The tower would be pushed to the back of the property with vehicle entrances off Gillespie St. and Dickason Ave. 

​​​​​​​DALLAS – Texas employment will grow 2.7​ percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas. 

The prediction comes after incorporating September's​ ​​annualized employment growth of 1.7​​ percent. 

"Monthly job growth has been volatile over the past few months with a weakening in July, a sharp bounceback in August,​ and then a slowing in September," said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. "Looking at the past three months, job growth was 2.4 percent—moderately slower than the 3.1 percent in the first half of the year. Jo​​​​b growth has been broad-based across metro areas with particular strength in Houston, which has grown at an annual rate of 3.9 percent over the past three months and 3.6 percent so far this year."​​​​

Based on the forecast, the state will add 336,3​00 jobs this year. Employment in December 2018 will reach 12.7 million.​