The numbers are illuminating.
During the past fiscal year, Irving’s construction valuation topped $819 million — the highest in 30 years. Six years ago, it was $348 million, less than half of today’s number. The city issued 616 new home permits last year — more than double the number from six years ago. The average new home permit value is just under $400,000.
So what does this mean?
It means thousands of new, good jobs. It means Irving’s commercial vacancy rate is so low, new office buildings are under construction to satisfy demand. It means lots of nice, new homes; new restaurants; new retail; and more visitors. Lastly, all the construction drives additional tax revenue that helps the city fund critical infrastructure — roads and underground utility needs. An important fact to know: Irving’s corporations and businesses contribute 73 percent of Irving’s tax base, a tremendous benefit to residents and one very few cities can claim.
An important fact to know: Irving’s corporations and businesses contribute 73 percent of Irving’s tax base, a tremendous benefit to residents and one very few cities can claim.
Kelley USA wrote:To me, the problem has always been that Irving allowed WAY too many apartments to be developed. There are an incredible number of complexes that are outdated and quite frankly run down. I would love to see the City come up with a plan and perhaps give incentives to developers to purchase these properties, tear them down and turn them into single family developments. I know that wouldn't work for every complex, but in certain pockets a developer could purchase 3-4 complexes in a row and develop quality housing. Single family units are pretty hot right now in Irving! Also remember that the 3 residential developments at 114 and Beltline are all Coppell ISD which has helped them sell rather quickly.
Kelley USA wrote:If you haven't been by the Music Factory lately it is really incredible! Going like gangbusters! This bit of news has been speculated for quite awhile but it hasn't really been made public until now...
http://www.bizjournals.com/dallas/news/ ... j=77057891
I wouldn't pin it on 'apartments' in general, but more the quality of apartments, and ensuring their use suits the area. I know 'garden' apartments were all the rage when Irving was expanding and as such that's what we have to live with. They've aged horribly for the most part.
Putting more focus on density around 'town center' type areas where more services are within walking distance, and transit options exist are a much better alternative than simply spattering mediocre apartments here and there.
As for single family... the southern hoods are still pretty beat up. But, I think the key to recovering them is to focus on making key areas ('catalyst sites' as their called in irving's planning), and allowing success of those sites to radiate outwards. Creating access alternatives from surrounding communities into the town centers and catalyst sites will help tie them together and encourage private investment in those neighborhoods. The one good thing about the south being established is that it is heavily wooded and has several ROW that can easily be converted to access paths (many of them already have been).
Kelley USA wrote:Just realized that one of the cranes has been taken down at the Music Factory. They're actually starting on the 1st floor of the office tower now on top of the garage. It's really coming along!
Kelley USA wrote:For Starbucks lovers that need a coffee fix in the Urban Center, there won't be one at either The Music Factory or Water Street, but there will be one inside the new Westin Convention Center Hotel. I could actually see people walking up to the hotel on Saturday & Sunday mornings to get some java and a pastry!
Totally... How Water Street doesn't get one is mind boggling.
tamtagon wrote:Is there a bar scene in Las Colinas?
ContriveDallasite wrote:tamtagon wrote:Is there a bar scene in Las Colinas?
HAHAHA, I think that's the running joke from those of us who grew up in the area.
If you don't count BWW, Boston's or the small Italian Pizzeria in the Urban Center, then no.
vman wrote:What retail is coming to these developments? Not only has the bar/restaurant scene in Irving been pretty lousy, so is the retail scene. With the death (an yes, it is a dead mall) of Irving mall, there seems to be very few major retailers with locations in Irving. With so many things going for Irving... location, diversity, jobs and growth... the city seems so under-serviced in so many ways.
Kelley USA wrote:Looks like Kabuki Japanese has been removed from the site plan for the Irving Music Factory. They were one of the first tenants to sign on. I'm actually okay with this, opens up a nice spot for another quality tenant.
Kelley USA wrote:I saw a sign in a window for an Alcohol Permit request next door to Jinbeh (by the Omni). It's a for a place called Hops & Vines. Looks to either be a beer and wine store or a small bar featuring beer and wine. My hope is that we'll see a little bit more activity in the current empty storefronts along Las Colinas from independent restaurant / retailers that want to be near Water Street. I think a little wine shop would be cool!
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