“The recession is in the rearview mirror, and North Texas real estate developers are moving forward with new deals,” reports DMN. It’s true that North Texas is seeing substantial gains when it comes to real estate, particularly in the commercial and multi-housing segments. The DMN reports that office and warehouse construction is starting to take off while apartment buildings are continuing their strong momentum with “no sign of a slowdown.”
The DMN feature highlighted a few notable development plans that are expected to further the area’s economic growth. One of which is Klyde Warren Park, which serves as a connection between downtown and uptown while offering attractive green space. The park is expected to draw more development to the area’s central business district. Hopefully, the analysts are correct, as this could serve as a highly sustainable area for economic growth. As for Dallas-area residents, the DMN says that they’ve enthusiastically embraced the green space.
Another addition that should help boost Dallas area real estate is the 23-story office tower in Victory Park. Construction is set to begin soon on 400,000 square foot building, which will include 15+ floors of office space above an eight-story parking structure, according to the Dallas Business Journal.
To see more North Texas real estate highlights, check out this Dallas Morning News article.
If you have questions about financing a new home or refinancing your existing home, call The Decker Group at??972-591-3097.