The Dallas Business Journal released its “Tracking Dallas’s Wealthiest Zip Codes” article. As no surprise, while wealth still resides in the core of Dallas, wealth is showing a distinct migration to northern suburbs. The top 5 zip codes in the November 13th article were: 76034 Colleyville; 75225 University Park; 76092 Southlake; 75022 Flower Mound; 75205 Highland Park. Number 8 on the list was Argyle 76226; Coppell #11 75019; 75028 in Flower Mound was #15; and Lewisville 75077 was #17.
Gaylord Texan is already hard at work on its annual Lone Star Christmas extravaganza featuring a 2 million pound hand-carved ICE! attraction. The theme for this year’s Nov. 12-Jan. 3 exhibit is Christmas Around the World. The ice for ICE! is created using a special “recipe”, and it arrives in approximately 36 truckloads over a 3-week period… 2 trucks a day for 15 days. The master carvers who are from the city of Harbin in Northeast China, near Siberia, take shifts working inside a 9-degree freezer to transform the 2 million pounds of ice.
Almost 20 years after buying the land, Dallas Cowboy’s owner Jerry Jones has quietly started construction on his $1 billion Gates of Prosper development. The project will be a 300,000-square-foot shopping center on the property located just north of Frisco. It is slated to be a 93-acre retail center, with a Walmart store included in the project. The Jones project in Prosper also includes the 979-acre Villages of Star Trail, an 1,850-home community. The first phase of the Star Trail community will include about 300 homesites, and will begin construction in early 2016.
U.S. homebuilders have not felt this good about their business in a decade. Sentiment jumped 3 points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive sentiment. The index stood at 54 last October, but has held in the 60s since June of this year. When homebuilders feel confident, it is trackable to an increase in housing starts – which are desperately needed in our area.
An Austin homebuilder, Scott Felder Homes, is making inroads in the booming North Texas housing market. Scott Felder Homes has tied up land for eight Dallas-Fort Worth developments with more than 500 houses. The builder’s first houses in the area are expected to be ready next year. While most of Felder’s new neighborhoods are for traditional single-family homes, the builder will start construction soon on a 127-home project in Plano’s $2 billion Legacy West development. The high-density contemporary houses will occupy a site between Toyota Motor and Liberty Mutual Insurance’s new Plano campuses. The two- and three-story detached houses have different architectural styles and will be constructed around a small park. The 2,000- to 3,000-square-foot houses will start around $500,000. Along with the Legacy West project, Felder Homes has purchased building locations in Highland Village, Celina, Prosper and Frisco.
Cinemark’s Nextgen 53,000 square foot theatre is open in Roanoke, featuring 14 screens, and 2,500 parking spaces. It is located at the intersection of Hwy. 170 and Hwy. 114. The theater features all leather luxury lounge chairs and a cafeteria style concessions area with expanded food choices.