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The Dallas real estate market is in a great place as we head to mid-2022. The city ranked #1 in the nation in new investor entrants due to an abundance of multifamily developments and an overall appetite for involvement in the Sun Belt region. Additionally, Dallas leads the country in industrial development, with 38 million square feet set to hit the market in 2022.
New Jersey-based developer, Urby, plans to develop a $99M, 364-unit high-rise that will be finished by 2024. The project will be the largest in the Design District and located next to Urby’s first Dallas tower.
AMLI Residential and Stream Realty Partners are partnering on Addison's $472 million transit-oriented development project. The project will feature an office building, two multifamily towers, an entertainment complex, and plentiful retail space.
Dallas-based Mercantile Partners plans a vast 700,000 square foot industrial development in Fort Worth. The project is expected to break ground in May and has a $48 million budget. This development is one of several massive industrial developments set to break ground in the next few quarters.
The nation’s largest commercial developer, the Dallas-based Trammel Crow, is attempting to introduce solar panels, electric charging stations, and battery stations to 35 million square feet of its existing industrial assets. This decision is partially inspired by parent-company CBRE’s mission to achieve net-zero carbon emissions by 2040. If successful, this experiment will reign huge for the industrial industry and help bring sustainability to the development industry on a large scale.
Tag(s): Texas Digest
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