Choose your location
Dallas Business Journal
Prominent project in Arlington Entertainment District passes milestone
Executives at the Texas Rangers and The Cordish Cos. and Arlington officials watched June 10 as a crane lifted and placed a construction beam painted like a baseball into what will soon be the first apartment complex in Arlington's Entertainment District, home to the Dallas Cowboys and Texas Rangers.<\p> The topping off ceremony marked a major milestone in the construction of the 300-unit luxury apartment called One Rangers Way, signaling completion of the building's underlying structure.<\p>
LA-based private equity expands to Dallas
A Los Angeles-based private equity firm that recently surpassed $2 billion in assets under management has expanded to Dallas.<\p> Vance Street Capital LLC opened its second office at the Douglas, located at 8325 Douglas Ave. in Preston Center, according to a June 10 announcement.<\p>
Lower Greenville bakery and fine dining restaurant shutters
This story is available as part of a content partnership with WFAA-TV. For more of the latest local news, visit WFAA.com.<\p> Carte Blanche, an award-winning fine dining restaurant and bakery on Lower Greenville, has closed, according to an Instagram post from its owners.<\p>
Work may begin on Indian ice cream shop in Plano this summer
An Indian ice cream shop is likely expanding its reach in North Texas, with a second store planned in Plano for the end of this year, according to a filing with the state. <\p> Dumont Creamery and Cafe opened its first location in the United States in Frisco, on the border of Little Elm, toward the end of 2023. Opening day for the chain's debut U.S. store drew a line of people out the door, with several customers recognizing the ice cream brand from India, franchise owner Sai Sashank previously told the Dallas Business Journal. <\p>
Construction kicks off on large data center south of Dallas
Skybox Datacenters LLC has started construction on the first piece of its massive 1-million-square-foot data center campus in Lancaster. <\p> The Dallas-based company confirmed it began work on the first building in its PowerCampus Dallas site at the beginning of the month. Work on the 270,900-square-foot facility is estimated to cost about $85 million, according to planning documents filed with the state, and delivery is anticipated in early 2026. Corgan Associates will serve as the design firm. <\p>
700-home community to rise in Collin County city
A sprawling master-planned neighborhood with 700 home lots is in store for Anna, joining a slew of other residential developments planned for the fast-growing community. <\p> Coyote Meadows, from Atlanta-based homebuilder Ashton Woods and its sister brand Starlight Homes, will feature both townhomes and single-family residences. Construction began in February, and the first residents of the new community are expected to move in this summer, a representative from Ashton Woods said. <\p>
Big deadlines loom for Realtors commission lawsuits
The class-action lawsuits that rocked the residential real estate industry over the last year are barreling toward a possible conclusion — and some big changes in the remainder of 2024. <\p> One of the most important deadlines is Aug. 17, 2024, when the NAR has said it would implement a series of changes as part of its own $418 million settlement agreement over buyer commissions. <\p>
Gen Z cites housing affordability as its top election issue
In the wake of rapid home-price appreciation during the Covid-19 pandemic, housing is playing a bigger role in how Americans vote — among one demographic in particular.<\p> Ninety-one percent of adult Gen Zers said in a recent Redfin Corp. (Nasdaq: RDFN) survey housing affordability is important when considering whom they will vote for in the presidential election this November. Among a list of nine broad political topics, the subject ranked No. 1 for that generation — ranking even higher than the strength of the overall economy, which was the top priority for millennials, Gen Xers and baby boomers. Housing affordability for Gen Z respondents also outranked issues of education, gun rights and abortion rights.<\p>
More development headed to 5,200-acre mega-site
PMB Capital Investments LLC, the firm behind 5,200 acres of development in west Fort Worth, continues to plan residential expansion. The newest development includes a 180-home built-to-rent community called Canopy Homes at Ventana, right next to its 492-acre master-planned community called Ventana.<\p> About 100 homes are under construction in the estimated $65 million build-to-rent community and are expected to be finished in July, said Taylor Baird, partner at Dallas-based PMB. He sees a need for the mix of rentals and for-sale homes in Ventana, which has 1,300 houses so far.<\p>
Artsy Plano movie house goes dark after 20 years
This story is available as part of a content partnership with WFAA-TV. For more of the latest local news, visit WFAA.com.<\p> The Angelika Film Center in Plano has closed after 20 years, the arthouse theater chain announced June 6 on Facebook.<\p>
H-E-B's latest DFW store sets opening date
The ever-popular H-E-B grocery store chain is opening its latest location as it expands on the western portion of the Dallas-Fort Worth metro. The company announced the store will open at 6 a.m. June 26 on 1670 E. Broad St. in Mansfield. <\p> H-E-B LP, based in San Antonio, announced the 23-acre Mansfield location in 2022. The city of Mansfield is giving the company a grant of $750,000 in sales tax money in exchange for building the 80,000-square-foot location, according to a 2022 Chapter 380 agreement accessed by the Texas Comptroller's office. <\p>
UNT Dallas provost to step down
The University of North Texas at Dallas Provost Betty Stewart is stepping down from her position as the school's top academic officer.<\p> Stewart accepted an opportunity to lead Hampton University, a private historically Black institution in Virginia, as its next executive vice president and provost, the university announced online May 2. She will begin the new role on July 1.<\p>
Alamo Drafthouse hopes to reopen in North Texas
Leaders at the Austin corporate office of Alamo Drafthouse hope to reopen the North Texas locations of the movie theater chain that have closed because a franchisee filed for bankruptcy.<\p> Alamo Drafthouse Cinema LLC said in a June 6 statement that it was "working as quickly as possible" to get the five theaters in the Dallas-Fort Worth metro and one in Minnesota "back up and running."<\p>
Nonprofit buys Fort Worth retirement community for $81M
A Dallas-based nonprofit senior living provider acquired a retirement community near the popular West Seventh District in Fort Worth. <\p> Buckner Retirement Services bought The Stayton at Museum Way from Lifespace Communities Inc. for $81 million. The 11-story building features 188 units and 42 assisted living units, 20 memory care units and 46 nursing units. Lifespace filed for Chapter 11 bankruptcy in 2019. <\p>
Dallas Business Journal
5K+
Posts
1M+
Views
The North Texas region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.