Dallas Fort Worth Urban Forum

Las Colinas/North Irving Development

User avatar
tamtagon
Site Admin
Posts: 1719
Joined: 16 Oct 2016 12:04

Re: Las Colinas/North Irving Development

Postby tamtagon » 20 Nov 2019 10:59

Kelley USA wrote: All concepts combined will add almost 4000 additional rooms per night.


At first, I thought that was alot... but then I considered the general population growth and employment growth in Irving AND the increased traffic at DFW, so, ya, that's about right! Not soon enough we'll see hotel accommodations inside the airport, terminal adjacent, really kick off. Might sound scary for all the hotel rooms coming on now, but these guests will simply represent the addition of a new channel into the market.

Just like Downtown Dallas, the Las Colinas Urban Centre is getting there, but not everything is in place quite; the remarkable growth in each place is still spread out and crossing the density threshold into bustling just out of reach. The tandem - Las Colinas and Downtown Dallas will be an excellent duo one of these days. Residential living in each will be similar but different, pedestrian activated with many people in and along the corridor between the two places, fully using both. Downtown will be quite the scene when a sizable Urban Centre population bumps up the transit oriented visitation.

Tnexster
Posts: 2240
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Las Colinas/North Irving Development

Postby Tnexster » 20 Nov 2019 12:06

I know there are a bunch of new ones coming online but on the other side of this, are any older hotels dropping out of contention as this new product shows up?

itsjrd1964
Posts: 670
Joined: 28 Jul 2018 07:38

Re: Las Colinas/North Irving Development

Postby itsjrd1964 » 20 Nov 2019 19:20

Tnexster wrote:I know there are a bunch of new ones coming online but on the other side of this, are any older hotels dropping out of contention as this new product shows up?


AFAIK, none of the major sections of the DFW metro have lost any hotels to getting older or run down, mostly it seems to be the older or not-as-popular areas that seem to have any of the requisite chains (Motel 6, America's Best Value, Knights Inn, etc) or those that were chains and are now independents. There are parts of (for example) NW/east/SE/southern Dallas, Park Central, Irving, Arlington, Grand Prairie, Garland, Fort Worth, and Haltom City, that are in this kind of situation. Any areas still eyed for more new hotels, have mostly new/recent/renovated product and aren't going the dumpy eye-sore route. I don't know of too many that have actually gone away or were torn down, like the Love Field Inn that used to be on Mockingbird before it was razed for that restaurant that already closed, or that old HoJo on Stemmons between 183 and Commonwealth that supposedly was going to be land for the Trinity Tollroad. There are other exceptions, like that old Radisson on Mockingbird west of Love Field that became apartments. For the most part, most of the area submarkets seem to have hotels that are competitive in brand and appearance. I'm not sure how much of that is hotel owners/franchisees seeing demand, and how much is possibly cities that don't want to see their hotels go down in quality from either a city code standpoint or an economic development reason.

User avatar
bachmanlad
Posts: 10
Joined: 03 Aug 2019 23:30
Location: NW Dallas

Re: Las Colinas/North Irving Development

Postby bachmanlad » 20 Nov 2019 21:25

At the latest D2 subway meeting, I asked about the Hidden Ridge DART station, the one adjacent to PNR on which construction still hasn't started. I was told that the cost estimates for the project had increased and DART was having trouble procuring the extra funding or something like that. Updated ETC was late 2020-early 2021, I think, but it was a week ago and I can't remember.

User avatar
muncien
Posts: 967
Joined: 25 Oct 2016 08:46
Location: Cypress Waters

Re: Las Colinas/North Irving Development

Postby muncien » 21 Nov 2019 08:39

bachmanlad wrote:At the latest D2 subway meeting, I asked about the Hidden Ridge DART station, the one adjacent to PNR on which construction still hasn't started. I was told that the cost estimates for the project had increased and DART was having trouble procuring the extra funding or something like that. Updated ETC was late 2020-early 2021, I think, but it was a week ago and I can't remember.


That's a bummer to hear... I wonder if this has to do with the condition of the steel for this station which was already procured as part of the original Orange Line construction, but then dropped out in the open in a lot adjacent to Bachman station... fully exposed to the elements. Every time I ride past that lot the steel looks worse and worse. I was worried that it would go to waste.
"He doesn't know how to use the three seashells..."

User avatar
Kelley USA
Posts: 517
Joined: 27 Oct 2016 12:46

Re: Las Colinas/North Irving Development

Postby Kelley USA » 21 Nov 2019 09:09

bachmanlad wrote:At the latest D2 subway meeting, I asked about the Hidden Ridge DART station, the one adjacent to PNR on which construction still hasn't started. I was told that the cost estimates for the project had increased and DART was having trouble procuring the extra funding or something like that. Updated ETC was late 2020-early 2021, I think, but it was a week ago and I can't remember.


Honestly that's probably a better timeline anyways. There's no new development going on at the moment, so if the Hidden Ridge station opened any earlier it would only serve a handful of people at most. It's really not needed until the additional office, hotel, apartments and retail are added which could be 2 years away or 10 years away.

User avatar
muncien
Posts: 967
Joined: 25 Oct 2016 08:46
Location: Cypress Waters

Re: Las Colinas/North Irving Development

Postby muncien » 21 Nov 2019 09:19

Kelley USA wrote:
bachmanlad wrote:At the latest D2 subway meeting, I asked about the Hidden Ridge DART station, the one adjacent to PNR on which construction still hasn't started. I was told that the cost estimates for the project had increased and DART was having trouble procuring the extra funding or something like that. Updated ETC was late 2020-early 2021, I think, but it was a week ago and I can't remember.


Honestly that's probably a better timeline anyways. There's no new development going on at the moment, so if the Hidden Ridge station opened any earlier it would only serve a handful of people at most. It's really not needed until the additional office, hotel, apartments and retail are added which could be 2 years away or 10 years away.


There are actually a bazillion little hotel rooms around this station already. Sure, they are all smaller, 'garden variety' hotels for the most part, but there are a TON of them. I never understood why they deferred this station in the first place as the raw materials were already purchased and the platform footers are already set. If anything, they could have simply deferred the parking lot. Of course, I'm biased as this station is just a few minute walk from my employer. ;)
"He doesn't know how to use the three seashells..."

User avatar
Kelley USA
Posts: 517
Joined: 27 Oct 2016 12:46

Re: Las Colinas/North Irving Development

Postby Kelley USA » 25 Nov 2019 09:55

I remember back in September seeing a few stories about Varidesk signing a 200K sq ft lease with a Fortune 20 company at their Las Colinas project. I was scanning the City of Irving permits and noticed a few permits were pulled at this location listing Verizon as the tenant. It was for about 30K sq ft of space, but they could be doing the finish-out in phases. It also meets the note about a Fortune 20 company as Verizon currently sits at #19.

User avatar
Kelley USA
Posts: 517
Joined: 27 Oct 2016 12:46

Re: Las Colinas/North Irving Development

Postby Kelley USA » 27 Nov 2019 11:39

There is a little bit more movement coming before P&Z next Monday pertaining to Hidden Ridge. Verizon is requesting variances for front and rear yard setbacks for proposed offices, parking garage and retail. So while progress has been slow it's still moving along. Hopefully we see some concrete plans sooner rather than later and a groundbreaking in 2020.

After looking at the plans a bit closer, looks like they are planning a 450,000 sf office building with a height of 305', a smaller office building of 42,000 sf with a height of 85', a parking garage at 80' plus 30,000 sf of retail for Phase 1. This is going to be on the west side of Green Park Drive.

Tnexster
Posts: 2240
Joined: 22 Oct 2016 16:33
Location: Dallas

Re: Las Colinas/North Irving Development

Postby Tnexster » 28 Nov 2019 11:42

That sounds like a decent sized building.

User avatar
muncien
Posts: 967
Joined: 25 Oct 2016 08:46
Location: Cypress Waters

Re: Las Colinas/North Irving Development

Postby muncien » 29 Nov 2019 10:03

Tnexster wrote:That sounds like a decent sized building.


Wow... No kidding. For reference, Williams Square Tower currently stands at 358 feet and 358k sq ft. Of course, the entirety of Williams Square office complex consists of four buildings and totals 1.4 million. But still, this is big.

The massive new Pioneer Natural Resources building is almost 1.2 million square feet, and only 10 floors (I think a few subsurface floors as well). BTW, if you haven't seen this building, you need to... It is the most beautiful in Las Colinas, and is certainly in the running for the most beautiful in North Texas.
"He doesn't know how to use the three seashells..."

User avatar
Kelley USA
Posts: 517
Joined: 27 Oct 2016 12:46

Re: Las Colinas/North Irving Development

Postby Kelley USA » 02 Dec 2019 09:47

I sent my findings to the DBJ and they actually did an article on it :)

https://www.bizjournals.com/dallas/news ... space.html

My assumption would also be that if Verizon is developing a Phase 2 project at Hidden Ridge, that the 450K sf office portion would most likely be for them.

itsjrd1964
Posts: 670
Joined: 28 Jul 2018 07:38

Re: Las Colinas/North Irving Development

Postby itsjrd1964 » 02 Dec 2019 12:42

If Verizon is doing this much office for themselves, could they be wanting, now or later, to move their HQ here?

User avatar
Kelley USA
Posts: 517
Joined: 27 Oct 2016 12:46

Re: Las Colinas/North Irving Development

Postby Kelley USA » 05 Dec 2019 14:48

Sounds like Pacific Table at Water Street is opening next week... Official ribbon cutting is on Thur Dec 12th. They might already be doing a soft opening now, but haven't walked past in several days.


Who is online

Users browsing this forum: No registered users and 3 guests

Login