With April in the rearview mirror, here’s a look at the biggest North Texas real estate stories for the month.
There’s a little bit of everything – from high dollar property buys to big company moves and groundbreakings for new developments.
The top real estate stories for the month include:
Samsung’s Plano move
Tech firm Samsung’s plan to relocate more than 1,000 workers to the new Legacy Central development in Plano. Samsung will become the largest business relocating to the 84-acre development at U.S. Highway 75 and Legacy Drive with its move of workers from Richardson and elsewhere.
Knox Street sale
Austin billionaire Michael Dell’s purchase of more than a dozen buildings and land in Dallas’ popular Knox Street district. Dell’s purchase – estimated at more than $250 million – sets the stage for more redevelopment in the area between Uptown and Highland Park.
Tollway towers purchase
New York investor Taconic Capital Advisors L.P.’s purchase of the International Plaza I & II buildings in Farmers Branch. The Dallas North Tollway high-rises have almost 800,000 square feet of empty space – the largest prime block of D-FW office space up for grabs.
Bishop Arts project start
Bishop Arts in Oak Cliff is getting a major addition with work starting on the second phase of an 11-acre apartment and retail project. Exxir Capital is building the project, which includes a public plaza and restaurants.
New Downtown Dallas Parks
The kick-off of construction on the next of four new downtown parks on the way for Dallas. Parks for Downtown Dallas is partnering with the city to build the Pacific Plaza Park on Harwood Street with three more downtown parks also in the works.
Some runners up that just missed the “top 5” cut included Steward Health’s move to Dallas from Boston, architect Gensler’s plans to locate its regional office at the historic Meadows Building and developer Todd Interests’ purchase of almost two dozen properties on the east side of downtown Dallas.