Texas General Land Office captures three buildings around AlamoTexas General Land Office captures three buildings around Alamohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107602015-10-08T05:00:00Z

​​SAN ANTONIO - The Texas General Land Office is buying three major historic buildings across from the Alamo, raising the potential for a plaza renovation or a new museum to house artifacts.

The agency is under contract to buy the Woolworth, Palace and Crockett buildings at 518 E. Houston St., 319 Alamo Plaza and 321 Alamo Plaza.

The seller is Service Life and Casualty Insurance Co. of Austin.

All three buildings, among several others on the plaza, stand within the original footprint of the Alamo.

The Land Office has committed to working jointly with the city, which owns Alamo Plaza, to develop a master plan for the Alamo and the plaza, with completion expected in less than a year.

The Legislature this year appropriated $31.5 million as a starting point for the historic mission and battle site, including $25 million for the master plan process and projects resulting from the plan.
San Antonio Express-News
San Antonio-New Braunfels
Public Facilities
http://www.expressnews.com/news/local/article/Land-Office-to-buy-Alamo-Plaza-property-6552271.php#photo-8744631Read more at the {Source}
Peninsula at Rough Hollow claims last gated community at Lake TravisPeninsula at Rough Hollow claims last gated community at Lake Travishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107562015-10-08T05:00:00Z

​AUSTIN - Developers Haythem Dawlett, founder and principal of Legend Communities, and Tommy Tucker, Central Texas residential vice president for Crescent Communities, said the new Rough Hollow neighborhood will be the last gated community on Lake Travis.

The developers broke ground on the 1,800-acre The Peninsula at Rough Hollow in March and are offering the first 20 lots of the three-phase, 80-lot project to buyers.

The entrance is located at 903 Highlands Blvd. in Lakeway.

The sites are priced from the upper $200,000s to more than $1 million, Dawlett said.

"This is the last undeveloped large parcel on the south shore of Lake Travis. It just presents a unique opportunity to create an incredible community," Tucker said.

Community Impact Newspaper
Austin-Round Rock

​Also see Rough Hollow's interactive map.

Read more at {Source}
TopGolf tees up for a Fort Worth driveTopGolf tees up for a Fort Worth drivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107402015-10-08T05:00:00Z

​​​​​​FORT WORTH - TopGolf is building its fourth North Texas location, expanding for the first time to Fort Worth.

The facility will be located at the southeast corner of Hwy. 121 and I-35 near downtown Fort Worth, and will include 102 hitting bays, up to 3,000 sf of private event space and 230 high-definition TVs.

The company plans to host roughly 450,000 visitors within its first year of operation and said it will create $264.5 million in economic output over a ten-year period.

The 65,000-sf center will break ground this fall and is slated to open in late summer 2016.

Dallas Business Journal
Dallas-Fort Worth-Arlington

​Read more at bisnow.com.

Source: {Source}
Houston’s medical construction boom slowing?Houston’s medical construction boom slowing?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=107642015-10-09T05:00:00Z

​​HOUSTON - The healthcare construction boom in Houston’s suburbs is going to slow down somewhat as medical organizations’ building programs have caught up with city’s population expansion.

Marshall Heins, chief facilities service officer of Memorial Hermann Health System, told the Texas Healthcare Real Estate 2015 Summit that growth could continue to sustain some degree of future construction.

But it appears this wave of suburban medical construction is winding down. Some $3 billion of medical related construction is under construction in the Houston area, according to Colliers International.

Construction costs have been high, Heins says, because so many office buildings, apartments and other commercial projects have been built in Houston in recent years, which pushed up construction costs.

The expansion in Houston area petrochemical plants is significant and that trend may apply upward pressure on construction costs and provide economic stimulus that creates demand for medical facilities.

Tod Fetherling, founder Perception Health, a demographic and medical site selection consultant based in Nashville, says some submarkets in Houston offer opportunity for new medical development.

Three exceptionally promising zip codes are ZIP code 77073, west of Bush Airport; the Richmond area west of Houston and ZIP code 77007, west of downtown, Fetherling says.​
Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/10/06/houstons-medical-construction-boom-may-be-winding-down/Read more at {Source}
209-Unit South 400 breaks ground in downtown Fort Worth209-Unit South 400 breaks ground in downtown Fort Worthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107632015-10-09T05:00:00Z

​​FORT WORTH - Ventures Development Group (VDG) has begun construction on the first multifamily development in the Near Southside Community of downtown Fort Worth at 400 S Jennings Ave. 

The 2.1-acre parcel is located at the corner of Jennings and Broadway Ave. across the street from the Broadway Baptist Church.

In conjunction with the development, the local tax increment district has approved infrastructure improvements, updated streetscapes and environmental remediation.

The five-story, 209-unit community, will include 2,600 sf of ground-floor retail space and four live/work studio lofts.

South 400 Apartments will include amenities such as a sky lounge overlooking the Fort Worth skyline and private terraces.

Dallas-Fort Worth-Arlington
http://rebusinessonline.com/ventures-development-begins-construction-on-south-400-apartments-in-fort-worth/Source: {Source}
Hot housing spot points to BastropHot housing spot points to Bastrophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107532015-10-08T05:00:00Z

​BASTROP - As Austin's housing market becomes overly saturated and less affordable, Bastrop stands ready to absorb incoming growth and new home construction, according two recent studies commissioned by the Bastrop Economic Development Corporation.

The studies found that Bastrop's proximity to Austin and Houston, and its quality-of-life community amenities will increase its share of the Austin regional housing market.

As prime and high-activity submarkets along I-35 fill up and become less affordable, continued growth will shift new home construction to emerging, attractive areas in the southeast sector.

According to a housing market study by real-estate market advisor Robert Charles Lesser & Co.​,​ home sales in Bastrop could reach up to 250 per year in five years, and about 325 closings per year in the next five to ten years.

Meanwhile, multifamily housing demand in Bastrop can support between 150 and 225 new rental units, or a small to medium size apartment community, per year over the next five years, according to a multifamily feasibility analysis by Capitol Market Research Inc.

With Bastrop primed for growth, the city is suited for immediate and expanding demand for diverse housing.​

Austin American-Statesman
Austin-Round Rock
http://www.statesman.com/news/news/local/bastrop-poised-to-be-next-housing-hot-spot/nnxGT/Read more at the {Source}
PMRG: Dallas-Fort Worth office market 3Q 2015PMRG: Dallas-Fort Worth office market 3Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=107682015-10-08T05:00:00Z​​​​​​​DALLAS-FORT WORTH - The DFW office market recorded 827,441 sf of direct net absorption during third quarter 2015, increasing its year-to-date absorption count to more than 4.0 million sf — which puts 2015 on pace to record its highest absorption level since 2000. 

Build-to-suit construction, corporate relocations to the market and company expansions have been the driving force behind the healthy demand witnessed during the year, increasing occupancy rates by 60 basis points to 83.2 percent since the end of 2014.

The DFW office market growth is not expected to slow down any time soon, even with the decline in occupancy rates during the quarter.

The office construction pipeline has increased 20.3 percent within the past year to approximately 6.4 million sf (excluding corporate-owned projects), continuing its surge experienced since late 2013. 

Only about 42 percent of this space has pre-lease commitments as developers are increasingly comfortable breaking ​ground prior to securing a lead-tenant.​ ​​

Office market fundamentals are forecasted to remain healthy resulting from corporate relocations and expansions as companies are attracted to the metro area's business-friendly environment with relatively lower business costs and a well-educated labor force.

Dallas-Fort Worth-Arlington

For the full report, see PMRG's DFW Office Market At A Glance 3Q 2015 (PDF)​

Also see DFW Office Market Research​ for more free reports.

Source: {Source}
Aggieland Inn attracts new ownerAggieland Inn attracts new ownerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107502015-10-08T05:00:00Z

​​COLLEGE STATION - Marcus & Millichap announced the sale of Aggieland Inn, a 167-room hospitality property located at 1502 Texas Ave. South, only one block away from the Texas A&M University complex. 

Built in 1972, the interior corridor, midscale, limited service hotel — formerly ​Ramada — is situated on nearly four acres of land.

At the time of closing, the buyer commented the property would undergo a multimillion dollar renovation before reopening for guests in first quarter 2016.

Marcus & Millichap Real Estate Investment Services
College Station-Bryan

Click here to see our Market Research on Aggieland's hotel boom.

Read more at {Source}
127 Scott Felder Homes 'move in' Plano's Legacy West127 Scott Felder Homes 'move in' Plano's Legacy Westhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107512015-10-08T05:00:00Z

​PLANO - Scott Felder Homes has tied up land for eight Dallas-Fort Worth developments with more than 500 houses.


The builder will start construction soon on a 127-home project in Plano's $2 billion Legacy West development.

The two- and three-story detached high-density contemporary houses will occupy a site between Toyota Motor and Liberty Mutual Insurance's new Plano campuses.

The neighborhood is being built on a triangular piece of property between J.C. Penney's headquarters and the new Legacy West urban village, which has retail, restaurants, apartments and office space.

The 2,000- to 3,000-sf houses will start around $500,000.

Along with the Legacy West project, Felder Homes has purchased building locations in Highland Village, Celina, Prosper and Frisco. The company is starting houses in eight traditional single-family neighborhoods.

The Austin company was recently honored as the 2015 Volume Builder of the Year by the Texas Association of Home Builders.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/residential-real-estate/20151001-builder-making-north-texas-debut-with-high-profile-project.eceRead more at the {Source}
Leander: Randalls food anchors at Lakeline/Crystal Falls intersectionLeander: Randalls food anchors at Lakeline/Crystal Falls intersectionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106582015-10-08T05:00:00Z

​​​​​​LEANDER - Randalls Food Markets will break ground October 15 on a new Leander store southwest of the intersection of Lakeline Blvd. and Crystal Falls Parkway.

The retailer will be Leander’s second grocery store, following H-E-B Plus located on US 183.​

The Leander Randalls store will comprise about 59,000 sf, and will anchor a new shopping center strip of about 23,000 additional square feet at the intersection.​

The new Randalls will bring about 150 new jobs.

The first restaurant at the intersection, Brooklyn Heights Pizzeria, opened Aug. 19 in The Shops at Crystal Falls retail plaza southeast of Lakeline and Crystal Falls. 

Northeast of the intersection, Cedar Park Regional Medical Center is building its first facility in Leander, Cedar Park Regional Emergency Center, which is set to open in March 2016. 

The hospital owns adjacent land that will be used to develop a new center for physicians’ offices, Leander Assistant City Manager Tom Yantis said.
Community Impact Newspaper
Austin-Round Rock
http://communityimpact.com/2015/09/25/randalls-announces-oct-15-groundbreaking-in-leander/Source: {Source}
Hanover hands over 396 units in Uptown DallasHanover hands over 396 units in Uptown Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107472015-10-08T05:00:00Z

​DALLAS - Hanover Cityplace, a 396-unit luxury apartment community in Uptown Dallas has been sold, according to Amstar and its partner, The Hanover Co.


Amstar and Hanover acquired the 4.4-acre site in May 2012 and developed the five-story property, which features three large private resident courtyards, a resort-style swimming pool and a well-appointed lounge area.

Hanover Place offers one- and two-bedroom units ranging from 700 to 1,456 sf. Rent ranges from $1,378 to $2,770.

The unit amenities include Class A finishes such as wood cabinets, stainless-steel appliances, granite countertops and full-size washers and dryers.

Dallas-Fort Worth-Arlington
http://www.globest.com/news/12_1210/dallas/multifamily/Hanover-Cityplace-in-Uptown-Trades-Hands-362242-1.htmlRead more at {Source}
Relocation, location, location: Texas ranked No. 2 in U.S.Relocation, location, location: Texas ranked No. 2 in U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=107522015-10-08T05:00:00Z

​​​TEXAS - Texas ranked second in the nation for relocation activity in 2014, according to the 2015 Texas Relocation Report released by the Texas Association of Realtors.

Based on data from the U.S. Census Bureau, the report shows that Texas continues to be a high-demand destination for residents moving from out of state.

According to the report, Texas followed Florida as number two in the U.S. for population gains from out-of-state residents in 2014, with 538,572 people moving to Texas from out of state.

The state the most new Texans came from was California (63,591), followed by Florida (40,930), Oklahoma (25,096), Louisiana (23,805) and Illinois (23,258).

Overall, Texas had a net gain of out-of-state residents in 2014, with 103,465 more people moving to Texas than Texas residents moving out of state.

Harris and Dallas counties remain the top two most mobile counties in the Lone Star State, ranking number one and number two in Texas, respectively, for both the largest inflow and the largest outflow of people.

Texas Association of REALTORS
Demographics & Population

​Cl​ick to see the full 2015 Texas Relocation Report (PDF)​

Source: {Source}
Sterling University Housing shines on Northgate skylineSterling University Housing shines on Northgate skylinehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107572015-10-08T05:00:00Z

​​COLLEGE STATION - Sterling University Housing has acquired a site near Texas A&M University for a 750-bed student housing project.

Located in the Northgate area, Sterling Northgate will break ground this October and open in August of 2017.

The property will offer one-, two-, four- and five-bedroom floor plans. Plans call for a rooftop pool and hot tub overlooking campus and Kyle Field, fully furnished residences, social lounge, cyber cafe, fitness center and private study rooms.

Houston Chronicle
College Station-Bryan
http://blog.chron.com/primeproperty/2015/10/dinerstein-cos-to-break-ground-on-residences-for-texas-am-students/Read more at the {Source}
Victoria: DeTar Hospital rushes 15,000 SF to new emergency roomVictoria: DeTar Hospital rushes 15,000 SF to new emergency roomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107422015-10-08T05:00:00Z

​VICTORIA - Crossroads residents should expect a new, modern emergency room to make its debut at DeTar Hospital Navarro as early as next summer.

Adding almost 15,000 sf of patient care area at a cost of about $10 million, the new emergency department will feature a total of 23 private exam rooms, including two trauma suites, two cardiac suites, two triage rooms and one isolation room.

Also, 75 parking spaces will be added in an effort to provide better access to the emergency department.

Lisa Price, director of emergency and trauma services, said the hospital has already begun the process of hiring new nurses to prepare for the expansion.

Since 2010, DeTar emergency room volume has increased 36 percent.

The new construction will replace the existing 11-bed emergency department and expand the hospital's footprint across Guadalupe St.

In collaboration with Texas A&M Health Science Center, the Juan Linn building will also undergo renovations to accommodate 18 exam rooms for the DeTar Healthcare System Family Medicine Residency Program.

The first resident is set to start July 2016, which is the scheduled completion date for the new emergency department.

During the construction process, the emergency department will remain open to patients.
Victoria Advocate
https://www.victoriaadvocate.com/news/2015/aug/27/detar-navarro-officials-break-ground-to-expand-er/Read more at the {Source}
Southlake Town Square growth shows no signs of slow downSouthlake Town Square growth shows no signs of slow downhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107482015-10-08T05:00:00Z

​SOUTHLAKE - From his office, Frank Bliss takes in the view of the popular downtown he helped create in Southlake Town Square.

With 1.5 million sf built today, half of which is retail, restaurants and entertainment, it would be easy for Bliss to sit back and enjoy the outdoor shopping and municipal mecca that opened 16 years ago. But for him, Southlake Town Square is far from finished. 

Over the next few years, Bliss said, Town Square will add up to 700,000 sf of offices, retail, restaurants and high-end residential.

Southlake Town Square will add up to 700,000 sf of offices, retail, restaurants and high-end residential.

With 1.5 million sf built today, half of which is retail, restaurants and entertainment, there are no signs of slowing down.

Town Square’s success also created a steady stream of nearby developments, including the Shops of Southlake, anchored by the always-busy Central Market grocery store, and Nordstrom Rack; the trendy Park Village, home to Fresh Market; and Carroll Pointe, which features a Chuy’s Tex-Mex restaurant and other retail.​​

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/news/local/community/northeast-tarrant/article37411341.htmlRead the full article at the {Source}
Midland: Fasken's Sandstone Ridge apartments storms to completionMidland: Fasken's Sandstone Ridge apartments storms to completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107622015-10-08T05:00:00Z

MIDLAND - Fasken’s Sandstone Ridge apartments has opened, and despite the downturn in the oil industry the complex has an 83 percent occupancy rate.

Sandstone​ rents range between $1,350 for a 608-sf one-bedroom, one-bath apartment to $2,375 for a 1,180-sf three-bedroom, two-bath townhome.

Figures obtained from the Midland Central Appraisal District show that the 22.4-acre property increased in value from $448,000 in 2014 to $11,437,680 currently.

The company is examining its options as far as a second phase. It appears that, for now, they will delay adding to Sandstone, which is envisioned to eventually have up to 380 units.
Midland Reporter-Telegram
http://www.mrt.com/business/development/article_435ebc7c-631c-11e5-9f57-9309c87f0328.htmlRead more at the {Source}
Abilene Prairie Gardens phoenix rising from ashesAbilene Prairie Gardens phoenix rising from asheshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107412015-10-08T05:00:00Z

​​​ABILENE - The site of the former 21/21 Apartments — which was burned down in 2003 — is going to be Prairie Gardens apartment complex, providing low-income senior housing.

Three building permits — totaling $4.3 million — have been issued for the address at 2109 N. 6th St.

According to building permits, the main building will be two stories and will have 40 apartments, office, maintenance area, fitness room, theater, library and community room. Two smaller one-story buildings will each house four units.

In February 2014, the Abilene City Council adopted a resolution supporting the 48-unit complex for housing tax credits, and later the council rezoned the property to allow the development.

Abilene Reporter-News
http://www.reporternews.com/columnists/larry-zelisko/larry-the-answer-guy-site-will-be-apartments-again_84501628Read the full article at the {Source}
Hotel ZaZa paints new skyline in Memorial CityHotel ZaZa paints new skyline in Memorial Cityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107382015-10-08T05:00:00Z

​HOUSTON - MetroNational has partnered with Z Resorts to build Hotel ZaZa to Memorial City at the intersection of I-10 and Bunker Hill Rd. in west Houston.

The 17-story project will have 159 hotel rooms and 130 apartment units.

Hotel ZaZa Memorial City, 9787 Katy Fwy., and will be the third property opening for the brand, joining Hotel ZaZa Austin and Hotel ZaZa Wade Park in Frisco.

MetroNational and Z Resorts are dedicating four levels of the 17-story Hotel ZaZa Memorial City to apartments — 130 units — with guests having access to all ZaZa amenities including concierge services. The apartments will perch atop the hotel and will boast a separate, private pool experience.

Hotel ZaZa is slated to open in summer 2017.

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/10/04/hotel-zaza-under-construction-at-metronationals-memorial-city-in-houston/Read the full article at {Source}
JQ moves HQ to Dallas Design DistrictJQ moves HQ to Dallas Design Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107542015-10-08T05:00:00Z

DALLAS - Engineering firm JQ is in the midst of transitioning its headquarters from Austin to Dallas, and recently bought a Design District building to house its new corporate offices and accommodate its growth.​

The new 31,000-sf building at 100 Glass St. near Levee St. in Dallas more than doubles the structural and civil engineering firm's Dallas footprint.

"We started in Austin, but with the growth of the Dallas office, we are shifting our headquarters up to Dallas and Dallas-Fort Worth," Managing Partner Stephen Lucy said.

That growth has brought JQ's employee base to the Dallas office to 75, with another 20 employees in Fort Worth. In Austin, JQ has about 15 employees.

By the end of the year, JQ plans to bring nearly 100 employees into the new building, which is currently being renovated.

Plans for the renovations include adding larger conference rooms, cafe rooms, a fitness room and rooftop deck.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/blog/morning_call/2015/10/exclusive-jq-to-relocate-hq-to-newly.htmlRead more at the {Source}
Being Abrasive pays off in PasadenaBeing Abrasive pays off in Pasadenahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106362015-10-07T05:00:00Z

​​​​​​​​PASADENA - Abrasive Products, a surface enhancements solutions provider, has preleased 102,508 sf at 3009 Hwy. 225.

The 215,805-sf, single-story facility is one of three new buildings under construction within Port 225 — Clarion Partners' three-building, 697,000-sf industrial park located northwest of the E. Sam Houston Pky. and Pasadena Fwy. interchange in Houston's East-Southeast Far Industrial submarket. 

The three new buildings all broke ground last month and will add 753,864 sf to the park upon completion in March 2016.

CoStar Group
Houston-The Woodlands-Sugar Land

​​Need free industrial reports? The Center has a variety for you at Houston-The Woodlands-Sugar Land Market Research​.

Read more at {Source}

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