Big Projects Breaking Ground in Dallas Show a Market on the Rise


The Sun Belt states have been on the rise since the pandemic-era, and migration trends are continuing to drive development in Dallas, Texas. People have been moving to the city to take advantage of a growing job market and a relatively affordable cost of living compared to coastal metros, and the trend does not seem to be going anywhere. Investors and developers alike see Dallas as being rich with opportunity, and numerous large projects breaking ground in the city show the market is only just starting to heat up. 

Here are the development updates to keep an eye on the ever-growing Dallas market: 

Acadia Realty Trust and Rebees Break Ground in Dallas

Developers Acadia Realty Trust and Dallas-based Rebees have started construction on a $95.5 million, 161,000-square-foot mixed-use development in Dallas’ Knox-Henderson area, planned to feature retail, office, and restaurant spaces across 10 buildings. The project will revitalize a long-vacant stretch with added infrastructure like new street paving, landscaping, and buried utility lines. Designed by GFF, the development is expected to be completed by fall 2026.

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RED Development JV secures Refinancing for The Union

A joint venture between KB Asset Management and RED Development has secured a $227 million refinancing loan for The Union, bringing a prominent 21-story mixed-use property in Dallas’ Uptown area. The office and retail spaces in the building, which span over 505,000 square feet and are almost fully leased, feature high-end amenities, including a fitness center and tenant lounge. Tenants include major names like Salesforce and Invesco, and the property’s refinancing was arranged by JLL Capital Markets through Goldman Sachs.

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Big Industrial Plans for 42 Real Estate 

42 Real Estate is progressing with industrial projects in Mesquite, Texas. The firm plans to invest nearly $200 million across projects in the Alcott Station and IH-20 Business Park zones, with public incentives supporting these developments. Recent agreements with the city extend construction deadlines to 2030 and 2034, increasing investment requirements but reducing the planned square footage.

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