The real estate market in Texas has been booming ever since the pandemic began. A wave of people have been buying up and developing properties in Northern Texas and developers are starting to focus on building industrial and multifamily developments in the Dallas-Fort Worth area.
What’s New?
The Dallas - Ft. Worth area has seen an exponential rise in residential and commercial real estate. Developers from around the country are looking to buy up real estate in the DFW area leading to all-time pricing highs.
Dallas has become the top overall real estate investment destination specifically for industrial and multifamily developments.
Dallas - Ft. Worth had the largest share of industrial developments underway as of August. The increase in industrial developments is caused by companies expanding or relocating to the DFW area.
Exciting New Projects in Dallas
Plano Council approved a new mixed-use development, Haggard Farms. Stillwater Capital in partnership with Haggard Enterprises will develop the land. Plans include entertainment, a hotel, restaurants, green space, commercial buildings and housing.
Hall Group begins work on a $7 billion redevelopment of Frisco’s Hall Park. Phase 1 of the project has begun as a $500 million mixed-use project. The redevelopment project includes a new office tower, hotel, apartment building, and food hall.
Kalterra Capital Partners is developing Midtown GP, a mixed use multi-phase development project. The multi-family portion of the development called The Foundry is under development now and expected to be completed in Q3 2023.
Urby Tower is a luxury apartment high-rise that broke ground in February 2021.