North Central Texas. Development News. 2nd Quarter 2009 Volume 6 Number 2
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1 North Central Texas Development News 2nd Quarter 2009 Volume 6 Number 2 Summary The Research and Information Services Department of the North Central Texas Council of Governments (NCTCOG) tracks major developments for the 16-county region as part of the Development Monitoring Program. The second quarter summary is an overview of office, retail, and industrial projects over 80,000 square feet (sq ft) and hotels over 80 rooms that were announced, began construction, or were completed between April 1 and June 30, Also included is a summary of quarterly activity by type and location within the region. At the end of the second quarter, 454 commercial developments were being tracked. In addition to commercial developments, NCTCOG s website includes data on residential developments, schools, and institutions (hospitals, government, etc.). Go to the Development Monitoring page at to access a tool that creates maps and reports by address, zip code and city, in addition to past issues of Development News. Development Monitoring information can also be mapped at Retail Table of Contents Retail Office Industrial Hotel Mixed-Use Completed Developments Effective second quarter 2008, retail projects are reported complete at 90% build out. Previously, NCTCOG reported retail developments completed at 100% build out. Alliance Town Center Southeast corner Interstate 35W & Heritage Trace Parkway 500,000 square feet Anchors: JC Penney, Sam Moon, Belk Developer: Trademark Property Costco 1225 State Highway 276 Rockwall 150,000 square feet Page 1
2 Dallas Freightliner * Western Star 4200 Port Boulevard Dallas 180,000 square feet Developer: ATC Group Retail Preston Park Southwest corner Preston Road & Park Road Plano 101,000 square feet Anchor: Market Street Developer: Woodmont Company Restaurant Depot 1171 Bridgewood Drive 60,000 square feet Total Retail completed: 991,000 sq. ft. Retail Construction began on these developments ADESA Northwest corner Wintergreen & Lancaster-Hutchins Rd Dallas Five Star Management Northwest corner O Connor & State Hwy 183 Irving 200,000 square feet Estimated completion Fall ,000 square feet Developer: Five Star Estimated completion Fall 2009 Renovation of 60k and additional 20k square feet Page 2
3 Retail Kroger Marketplace Northwest corner Custer Rd & Eldorado Frisco 125,000 square feet Estimated completion Late 2009 Total Retail that began construction: 405,000 sq. ft. Announced Developments Retail No newly announced retail developments Total Retail announced: 0 sq. ft. Page 3
4 Completed Developments 610 Uptown 610 Uptown Blvd. Cedar Hill 75,000 square feet Multi-tenant Developer: Sandler Southwest Office 8343 Douglas Ave 8343 Douglas Ave Dallas 140,000 square feet Multi-tenant Developer: Lincoln Property Caceria Building 512 Commerce Street 32,000 square feet Multi-tenant Developer: Gideon Toal Galderma Laboratories North Freeway 170,000 square feet expansion Single-tenant Developer: Duke Realty Parkway Centre V 2500 Dallas Parkway Plano 201,000 square feet Multi-tenant Developer: Heady Investments Page 4
5 Office Regent Center II 4790 Regent Blvd Irving 55,000 square feet Multi-tenant Developer: Opus West Valliance Plaza Northwest corner State Hwy 121 & Lake Forrest DrIve McKinney 122,000 square feet Multi-tenant Developer: RT Oliver Investments Total Office completed: 795,000 sq. ft. Page 5
6 Office Construction began on these developments Flight Safety 3201 E Airfield Drive DFW Airport Total Office that began construction: 110,000 sq. ft. Announced Developments Catholic Charities of W Thornhill & Town Center Dr Office 110,000 square feet expansion Single-tenant Expected completion: Summer ,000 square feet Single-tenant Expected completion: Spring 2010 Hope Center Foundation Northeast corner Plano Pkwy & Custer Rd Plano 185,000 square feet Single-tenant Expected completion: Late 2009 Total Office announced: 270,000 sq. ft. Page 6
7 Completed Developments 121 Lakepointe Crossing 2525 E State Hwy 121 Lewisville 460,000 square feet expansion Warehouse Developer: Opus West Industrial 4701 Northview Drive 4701 Northview Drive Irving 580,000 square feet Distribution Center Developer: ProLogis Arlington Commerce Center Bldg A 4905 New York Arlington 219,230 square feet Warehouse Developer: IDI Arlington Commerce Center Bldg B 4925 New York Arlington 557,478 square feet Warehouse Developer: IDI Composite Technology 1727 S Main St Grapevine 151,000 square feet Manufacturing plant Developer: Bandera Ventures Page 7
8 Industrial Forward Air 3800 Cabell Irving 211,000 square feet Terminal Lakeside Commerce Center Bldgs A & D Lakeside Parkway & Silveron Blvd. Flower Mound 152,000 square feet (two buildings at 90K and 62K) Warehouse Developer: Granite Southpointe SWC Houston School Rd & Interstate 20 Lancaster 444,000 square feet Warehouse Developer: White Rock Commercial Valley View Business Center 5385 FAA Blvd Irving 141,000 square feet Warehouse Developer: Proterra Properties Bell Helicopter Textron 1700 N State Hwy 360 Grand Prairie 60,000 square feet expansion Manufacturing plant Total Industrial construction completed: 2,975,708 sq. ft. Page 8
9 Industrial Construction began on these developments No industrial developments began construction Total Industrial that began construction: 0 sq. ft. Industrial Announced Developments Cisco Chelsea Blvd Allen 160,000 square feet Data Center CTI Beanmaker 500 Sansom Saginaw 185,000 square feet expansion Manufacturing plant Dallas Cowboys Merchandising 2500 Regent Blvd DFW Airport Orthofix Tittle Drive & Plano Parkway Plano 400,000 square feet Distribution center Developer: Bandera Ventures 144,000 square feet Manufacturing plant Developer: Billingsley Total Industrial announced: 889,000 sq. ft. Page 9
10 Completed Developments Comfort Suites Hotel 643 NE Loop 820 Richland Hills 72 rooms Developer: Sanjiv Melwani Fairfield Inn 5909 Stone Creek Drive The Colony 104 rooms Developer: Jackson Shaw Hilton Garden Inn 205 W State Hwy 114 Grapevine 110 room s Developer: Chase Hospitality Hilton Garden Inn 2190 E Lamar Blvd Arlington 132 rooms Developer: Bravado Development Hyatt Place 5101 N President Bush Turnpike Garland 147 rooms Developer: Second Century Investments Page 10
11 Hotel Marriott Courtyard 2800 Colorado Blvd Denton 92 rooms Developer: Lodgestar Investments Marriott Townplace Suites 731 East Vista Ridge Mall Drive Lewisville 118 rooms Developer: Mathew Newton Residence Inn 660 Cascades Court The Colony 102 rooms Developer: Jackson Shaw Best Western 400 Village Park Drive Alvarado 68 Rooms Total Hotel Rooms completed: 945 Rooms Hotel Construction began on these developments Best Western 2450 Brinker Rd Denton 74 Rooms Developer: Best Western Denton Expected completion: Late 2009 Candlewood Suites 2401 E President George Bush Plano 92 Rooms Expected completion: Fall 2009 Page 11
12 Hotel Hampton Inn 2650 Lake Vista Drive Lewisville Hilton Garden Inn 3110 Colorado Blvd Denton Holiday Inn 5110 N George Bush Turnpike Garland Holiday Inn Express 4485 N Interstate 35 Denton Homewood Suites 455 N Central Expressway Allen La Quinta 2131 W Interstate 20 Grand Prairie La Quinta Northeast corner State Hwy 121 & Alma Rd McKinney La Quinta 8201 Anderson Blvd La Quinta 225 E Alsbury Blvd 105 Rooms Developer: Lowen Hospitality Expected completion: Summer Rooms Developer: Brinker Lodging Expected completion: Spring Rooms Developer: Pate Development Expected completion: Summer Rooms Developer: Newcrest Expected completion: Late Rooms Developer: Hilton Expected completion: Spring Rooms Developer: Jupiter Hotels Expected completion: Spring Rooms Developer: AKAL Corporation Expected completion: Summer Rooms Developer: NCD Development Expected completion: Spring Rooms Developer: La Quinta Development Expected completion: Fall 2009 Page 12
13 Hotel La Quinta 900 block S Broadway Joshua Marriott Courtyard 6400 Overton Ridge Blvd 68 Rooms Expected completion: Fall Rooms Expected completion: Summer 2009 Total Hotel Rooms that began construction: 1,199 Rooms Announced Developments Candlewood Suites Northwest corner Marketplace Dr & Medical Center Dr. McKinney Hotel 95 Rooms Developer: B K Patel Comfort Suites 5825 Quebec St Comfort Suites 6500 South Freeway Dallas Convention Hotel 800 Young Dallas Hampton Inn & Suites East of Pres George Bush & Jupiter Rd Plano La Quinta 4465 Interstate 35 North Denton 72 Rooms Developer: Sunny & Disa Inc 98 Rooms Developer: Sheridian Lodging 1000 Rooms Developer: Mathews Southwest 114 Rooms Developer: Magnolia Lodging 87 Rooms Developer: Newcrest Page 13
14 Hotel La Quinta 8201 Anderson Blvd Homewood Suites 6350 Overton Ridge Rd Mainstay Suites Northeast corner Alma Rd & State Hwy 121 Dallas Springhill Suites 6450 North Freway Staybridge Suites 788 East Vista Ridge Mall Drive Lewisville Suburban Extended Stay Northeast corner State Hwy 121 & Alma Rd McKinney Towneplace Suites Northeast corner Belknap St & Samuels Ave Valueplace Suites 380 West Interstate 635 Irving Total Hotel Rooms Announced: 80 Rooms Developer: NCD Development 98 Rooms Developer: Lodgestar Investments 113 Rooms Developer: Jaisen Development Partners 78 Rooms Developer: BW Hudson Engineers 121 Rooms Developer: SJH Inns, Inc 118 Rooms Developer: Jaisen Development Partners 140 Rooms Developer: Western International 125 Rooms Developer: Quanah Hospitality Partners 2,339 Rooms Page 14
15 Completed Developments Desoto Town Center Northeast corner Pleasant Run & Hampton Rd Desoto Retail: 22,500 square feet Office: 10,700 square feet Apartments: 135 units Other: City hall, recreation center, library, civic center Developer: High Street Residential Museum Place Phase 1 Camp Bowie & W 7th, 3100 & 3300 W 7th Street Retail: 13,000 square feet Office: 130,000 square feet Condos: 39 units Other: Cultural district Developer: Museum Place Development Group Ltd. Park Lane Southeast corner North Central Expressway & Park Lane Dallas Mixed Use Activity Retail: 422,000 square feet Office: 95,000 square feet new; 260,000 square feet existing Apartments: 325 units Other: DART station Developer: Harvest Partners Shops at Legacy Phase 3 Northeast corner Dallas North Tollway & Legacy Plano Retail: 285,000 square feet Apartments: 492 units Other: Sculpture gardens Developer: Columbus Realty Partners Shops at Waterview Park Southeast corner State Hwy 67 & Main St Duncanville Retail: 90,800 square feet Office: 20,200 square feet Apartments: 216 units Other: 5 acre park Developer: Carbon Landmark Page 15
16 Times Square at Craig Ranch 7951 Collin McKinney Parkway McKinney Retail: 80,000 square feet Apartments: 320 units Other: Golf course, Cooper Clinic Developer: Evergreen Realty Partners Mixed Use Activity Total Mixed-Use completed: Retail: 913,3000 square feet Office: 255,900 square feet Apartments: 1,488 units Condos: 39 units Mixed Use Activity Construction began on these developments Cityville at Katy Trail Southeast corner Lemmon Ave & Cole Dallas Developer: Inland American Retail: 9,000 square feet Apartments: 300 units Expected completion: Fall 2010 La Reunion Town Center blocks of Ave Dallas Developer: Dick Seib Midtowne Southeast corner George Hopper & S Ninth Midlothian Developer: Monte Anderson Presidio Junction Northwest corner North Tarrant Parkway & Interstate 35W Developer: LNR Retail: 37,000 square feet Senior Apartments: 198 Apartments: 200 Townhomes: 96 Expected completion: Summer 2011 Retail: 75,000 square feet Office: 15,000 square feet Single Family: 449 units Expected completion: 2012 Retail: 1,000,000 square feet Office: TBD Apartments: 1300 units Expected completion: Page 16
17 Mixed Use Activity Total Mixed-Use that began construction: Retail: 1,100,000 square feet Multi-family Residential: 1,998 units Office: 15,000 square feet Single-family Residential: 545 units Announced Developments Heritage Crossing Downtown redevelopment (10 blocks) Irving Developer: Delbert McDougal Mixed Use Activity Retail: TBD Office: TBD Expected completion: Multi-family: TBD Hotel: TBD Joshua Station Northwest corner South Broadway & Plum St. Joshua Developer: City of Joshua Oncor Building 115 W 7th St Ground floor renovation adding retail. Retail: 86,000 square feet Hotel: 68 rooms Townhomes: TBD (phase II) Office: TBD (phase II) Expected completion: 2011 Retail: 22,000 square feet Office: 135,000 square feet (existing) Expected completion: Summer 2010 Total Mixed-Use Announced: Retail: 108,000 square feet Hotel: 68 rooms Page 17
18 Quarterly Activity Summary Number of Projects Under Development at the End of the Quarter Includes Conceptual, Announced and Under Construction Effective 3rd Quarter 2008, multiple projects (residential, office, hotel) are counted as one Mixed Use Development. Square Footage of New Quarterly Construction (in millions) rd08 4th08 1st09 2nd09 Quarter 0 2nd08 3rd08 4th08 1st09 2nd09 Quarter Retail Industrial Office Mixed-Use Retail Office Industrial Page 18
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