North Texas Businesses

What’s the Good News for November?

Good News1

eSports Facility coming to Frisco. Dallas Cowboys owner Jerry Jones has teamed with Fort Worth-based real estate investor John Goff to get into the $700 million global eSports industry.

Esports5Jones & Goff acquired a majority of CompLexity Gaming, an eSports organization that has been based in Houston since 2007.  The CompLexity Gaming organization, its management and its Counter-Strike: Global Offensive and DoTA 2 teams will relocate to the DFW area and will have offices at The Star in Frisco.  The group intends to build an eSports facility at The Star, which is the current office location of the Dallas Cowboys, in the future.

The Cowboys will also participate in the Madden NFL Club Championship events in the coming months, which will be the first time all teams from a professional sports league take part in an eSports event. Other NFL owners such as Robert Kraft and Stan Kroenke have purchased slots in the Overwatch League, but the Jones family joins a short list of NFL owners to invest or acquire an existing team in the space.

Forbes recently estimated there are about 148 million eSports players worldwide.

Logistics1International Logistics Center breaks ground on a new industrial park on the south side of DFW International Airport. Located near the intersection of State Highway 360 and U.S. Highway 183, the 40-acre business park will include 3 buildings totaling more than 640,000 square feet of warehouse space. The development can accommodate tenant sizes of 20,000 to 320,000 square feet.

North Texas has added millions of square feet of new distribution and e-commerce space to the region in recent years. In the first quarter of 2017, North Texas developers leased nearly 6.5 million square feet of space — ranking the region as the No. 2 industrial market in the United States.  E-commerce accounts for about 12% percent of industrial leasing activity nationwide, and an additional estimated 30% of indirect leasing through closely tied logistics, distribution and support businesses.

Pecan2Pecan Square Development moves forward in Northlake. Hillwood officials announced their purchase of 1,157 acres near the southwest corner of I35W and FM 407 in Northlake, about 6 miles north of Texas Motor Speedway.  This is the beginning of a $1.5 billion development that will be known as Pecan Square.

The residential community will eventually include 3,000 newly built homes, with prices expected to range from $270,000 to $500,000 or more.  A mix of commercial retail, educational and residential uses will be featured in Pecan Square, which gets its name from the 200 pecan trees on the property that will be preserved. The initial phase will include 609 single-family homes, and homes from 8 builders should be on the market by summer 2019.  The developer donated land for an elementary school and sold Northwest ISD the land for a middle school, high school and football stadium so that families will be able to attend K – 12 within Pecan Square.  They estimate that the full buildout of Pecan Square will take 10 to 12 years.

Nissan1Nissan partners with Sundance Square. The one acre Sundance Square Plaza in downtown Fort Worth, which includes a stage and a pavilion, has become a gathering place with regularly scheduled concerts and events.   To help pay for its free programs — and to bring in even more events and more widely recognized acts — Sundance Square has signed a one-year sponsorship deal with Nissan USA that lets the automaker display its vehicles, put up signage and be included in advertising for the plaza.   Nissan states that the sponsorship was an obvious decision for them since Texas is home to 70+ Nissan dealerships and 7,000+ Nissan employees.

Rangers1Arlington Breaks Ground on mega-entertainment complex. Arlington’s new $1.1 billion ballpark is officially under construction! The new home of the Texas Rangers will feature 41,000 seats and a retractable roof. However, to be ready for the 2020 season, an estimated 97,000 truckloads of dirt must first be hauled away!

Additionally, ground has been broken on the new $150 million Live! by Loews-Arlington hotel. It will be built adjacent to the Texas Live! entertainment complex and near the Rangers new ballpark.  The resort hotel, the first Loews Property developed in Texas in 30 years, is scheduled to welcome its first guests in 2019.  The 14-story, 302-room hotel will include an infinity-edge pool, and an event lawn for special events. There will also be a covered outdoor bar called Tower Terrace that will have views of the nearby stadiums and Arlington’s entertainment district.

Arlington Mayor Jeff Williams called Texas Live! the largest entertainment complex outside of Las Vegas.  Alex Tisch, executive vice president of Loews Corporation, said it would be “the biggest destination outside of Orlando.”

Information provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified agents ready to assist you with your real estate needs!

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Thanksgiving made easy!

Thanksgiving 1Thanksgiving is just around the corner! The agents at Keller Williams Dallas Metro North reminisced about favorite Thanksgivings recently. They told stories that made my mouth water: stories about favorite appetizers served with love and football, about sumptuous Thanksgiving dinners with mom’s favorite dressing, and glorious pumpkin pie for dessert … with homemade whipped cream, of course! Yummm!

There’s no doubt about it … Thanksgiving, while special & rewarding & wonderful, can be a lot of work! If you’ve decided to simplify this year, whether by going out, or bringing the big meal in, we’ve compiled a list of local venues who can help you kick back and relax. (Reservations strongly suggested!)

Enjoy!

DINE IN

Thanksgiving8Salerno’s Italian Restaurant – Make your reservations now for the annual, sumptuous, Salerno’s Thanksgiving Buffet! You’ll begin with the customer favorite, Lobster Bisque, a full salad bar, shrimp cocktail and other appetizers; main course features a Traditional Turkey & Dressing, Carved Roasted Sirloin and Ham, Pecan Red Snapper, Lasagna, all the sides, and a cornucopia of desserts. Reservations are required. Thanksgiving buffet offered from 11a – 2p. 3407 Long Prairie Road, Flower Mound 972-539-9534

Carvao Prime Brazilian Steak House – now taking reservations for their Thanksgiving Feast from 11a to 7p. 2401 Lakeside Parkway, Flower Mound 972-539-8555

Gaylord Texas Resort – Two of the Gaylord’s restaurants will be open Thanksgiving Day from 11a to 3p: Riverwalk Cantina and Zeppole Coastal Italian are both offering lavish Thanksgiving buffets, including kids stations (Thanksgiving corn dogs, y’all!). Call 817-778-1000 for reservations

Hannah’s Off the Square “Casual Fine Dining in the Heart of Denton” – Hannah’s is offering a traditional Thanksgiving meal with their special touch of innovation! Cornish Game Hen, Country Ham, multiple sides of favorite Thanksgiving dishes and dessert! Reservations Required. Serving from 11a – 5:30p, 111 West Mulberry Street, Denton, 940-566-1110

Silver Fox Cafe – Make plans to enjoy a four-course Thanksgiving feast featuring slow roasted Turkey, Chateaubriand or Atlantic Salmon. Open Thanksgiving Day 12p – 8p 1235 William D. Tate, Grapevine 817.329.6995

Thanksgiving7CARRY OUT

If you’re looking for something different than standard grocery store Thanksgiving offerings, think about ordering your turkey day feast from any of the following local venues:

Bone Daddy’s – Denton – Bone Daddy’s Smoked Turkeys and side dishes. Special Thanksgiving Day menu – availability limited. 3258 S. Interstate 35E, Denton 940-312-5656

Classic Café – Order your classic Thanksgiving Dinner to go by November 18 and pick up your turkey with all the trimmings on November 22 with complete re-heating instructions. 504 N Oak Street, Roanoke 817-430-8185

HoneyBaked Ham of Lewisville – In addition to their classic spiral sliced ham, HoneyBaked offers whole Turkeys available in smoked, roasted or Cajun flavors. Include a few of their heat & serve sides, and desserts, and you can stop worrying about the cooking! Located at 360 East Round Grove Road in Lewisville, 972-315-0193, you can reserve your turkey or ham online … easy, easy!

Tierney’s Café & Tavern – Offering Holiday Meals … “Heat, Eat and Relax”. Options include turkey, spiral honey glazed hams or Cajun fried turkey plus sides. All orders should be placed by 5pm November 19th for pick-up Wednesday. 208 East Main Street, Lewisville 972-353-2109

Thanksgiving4DESSERTS

Emporium Pies – Seven fall flavors are offered for Thanksgiving, and although the cutoff date for ordering is Sunday, November 19th, it is recommended you order soon as they do sell out! Pick-up is suggested for either Tuesday, November 21 or Wednesday, November 22 to ensure freshness. Both of those days are normal opening hours (10A in McKinney and 11A in Bishop Arts and Deep Ellum) and closing at 6p. 314 N. Bishop Avenue, Dallas – 469-206-6126  OR 107 S Tennessee St, McKinney 214-491-1577

The Flour Shop Scratch Bakery – Taking orders now for a plethora of Thanksgiving baked goods! On their holiday menu are Bread and Rolls, Cookies and Breakfast Items, Pies, Cakes, Cheesecakes and Fruit Pies, Mini Pies, and By-the-Pan desserts. Check their facebook page for a detailed menu. Order deadline is Monday November 20th at 2pm for pickup on Wednesday, November 22nd. 1401 Shoal Creek, Suite D150, Highland Village. 972-966-2253

Thanksgiving5Oak Street Pie Company – Featured in D Magazine, Serious Eats and Indulge Magazine, Oak St Pie Company offers a special Thanksgiving Selection of pies, including pecan, pumpkin, buttermilk, cream pies and a variety of fruit pies. Call to check on availability (especially the cream pie orders, which are cut off when they reach capacity orders). Ordering cut-off is Wednesday, November 15 and pick-up day is November 22. 110 N. Oak Street, Roanoke 817-490-0994

Tierney’s Café & Tavern – a large selection of cream pies [14 of them] (including sugar free [8]); also bread pudding and pecan delight.  All orders should be placed by 5pm November 19th for pick-up Wednesday, November 22nd. 208 East Main Street, Lewisville 972-353-2109

Happy Thanksgiving from all of us to all of you!

Get your Jingle On at these Fun Area Events!

jingle-bell-merry-christmas1000x500It’s ALMOST “The Most Wonderful Time of The Year!” (yikes!). To get you in the spirit, we’ve rounded up a few local must-do/must-see events:

SHOPPING

November 4, 10A – 4PArgyle Holiday Shopping Extravaganza featuring 75+ vendors and shops with specialized items, bake sale, huge raffle, concessions and more. All proceeds to benefit Project Graduation 2020. Argyle High School, 191 US 377.

November 4, 9:30AHoliday Craft Show, 9:30a to 4p featuring arts/crafts, door prizes and more. $2 admission goes toward college scholarships. Ryan High School, 5101 E McKinney Street, Denton.

November 9 – 12, 9A to 5PNeath the Wreath Holiday Gift Market 2017 sponsored by Junior League of Collin County, this 4 day fundraiser event features the best in holiday and home décor. 2000 E Spring Creek Parkway, Plano TX 75074  Psst – Ladies Night Out on November 8th, 7pm, gives you early access to the fabulous ‘Neath the Wreath vendors while enjoying a sumptuous buffet dinner, specialty cocktails and live DJ entertainment.

Shopping1Saturday, November 11Etsy Dallas Jingle Bash – A Premier handmade shopping event and party will showcase the very best in handmade apparel, bags, jewelry, home dec, and more. Hand-picked artists, crafters and designers combine for one-of-a-kind, one stop holiday shopping. Admission is FREE. Eddie Deen’s Ranch, 944 S Lamar, Dallas 75202

Saturday, November 11 9A – 4PGuyer Choir Craft Show – 11th annual craft show benefitting the choir program at John H Guyer High School. FREE admission. Local elementary school choir performs throughout the day. Over 110 vendors. Guyer High School, 7501 Teasley Lane, Denton TX 76210

November 15 – November 18 – Chi Omega Christmas Market “40 Years of Giving” 2017 Centennial Hall at Fair Park. Over 180 merchants showcasing gifts for every age.

Saturday, November 18, 10A – 4PHoliday Vendor Fair – Denton Civic Center, 321 E McKinney Street, Denton. Sponsored by Backing the Blue – Denton. Enjoy Christmas shopping for yourself and others. Shopping, door prizes, food

Saturday, December 2, 11a – 6pHoliday Art & Gift Market 2017 at North Haven Gardens – Love Local? If you’re looking for special gift finds this year, join us to fall in love with handmade jewelry, artwork & treasures by area artists in a relaxed atmosphere! Bring your friends to enjoy how-to demos, music, holiday cocktails and the wonderful fragrance of our fresh cut Christmas Tree forest. FREE Event, but tickets needed. 7700 Northaven Road, Dallas, 75230

FAMILY FUN

October 1 – February 25 – Dallas Museum of Art “All the Eternal Love I have for the Pumpkins” exhibit. One of artist Yayoi Kusama’s signature Infinity Mirror rooms, this is the only Infinity Mirror Room of its kind in a North American collection. Visitors will step inside the mirrored space and fully immerse themselves in Kusama’s creation, becoming part of the art.

FamilyFun2November 10 – January 1 – ICE! Twas the Night Before Christmas – A walk through holiday attraction kept at 9 degrees. This year’s feature will involve 2 million pounds of hand-carved ice sculptures and five ice slides. See the classic poem come to life!

November 10 – January 1Lone Star Christmas at the Gaylord Texan in Grapevine – You and your family will marvel at more than 2 million holiday lights & acres of magnificent decorations, plus spectacular holiday activities and events! More Information

Saturday, November 18Old Town Holiday Stroll in Lewisville. Beginning at noon, spend the afternoon in old town Lewisville while you’re treated to various musical performances throughout the day. The Stroll culminates in a tree lighting ceremony at 6:30p, followed by a showing of The Polar Express movie in the plaza at 6:45p.

Sunday, November 192017 Parade of Lights in Downtown Fort Worth – First staged in 1983, the Parade of Lights is one of the largest illuminated parades in the country! This year’s theme is The Melodies of Christmas, the parade begins at 6 p.m. and features over 100 illuminated entries. More information psst – volunteers needed!

TurkeyTrot2November 23 (Thanksgiving) – Kick-start your Thanksgiving day at the 7th Annual Double Oak Turkey Trot 5K and One Mile Fun Run at the Double Oak Town Hall, 320 Waketon Road. This event has been gaining in popularity … so much that registration has closed early the past 4 years due to sell-out. Register early!! All proceeds from the 2017 Turkey Trot benefits funding for inner-city youth programs run by Dare to Serve.

Saturday, December 2Lewisville Christmas Parade – Wayne Ferguson Plaza in Lewisville. Sponsored by Huffines Auto Dealerships, events begin at 8A with a pancake breakfast served by the Lewisville Morning Rotary Club and the Motorcycle Toy Run, starting at city hall. The parade begins at 12:30P in Old Town Lewisvlle.

Saturday, December 7, 7PParade of Lights in Historic Downtown Grapevine – Bring the entire family to the Parade of Lights, the largest lighted Christmas parade in North Texas. This Grapevine tradition features more than 100 lighted floats and marching bands. Look for Santa Claus on the last float! Come early to claim your spot along Historic Main Street to watch this exciting holiday event.

Saturday, December 9, 6P – 9PFlower Mound Christmas Parade and Tree Lighting Ceremony – Celebrate “Christmas Around the World” at Flower Mound’s nighttime parade and tree lighting ceremony. Pictures with Santa, carriage rides, kids’ activities, local vendors, food trucks and more! FREE family event. The Summit Club will accept canned good donations along the parade route to benefit CCA.

GIRLS NIGHT OUT

Ladies Night 600x400Thursday, November 9, 6:30 – 9pmSip & Stroll at the Shops of Highland Village – Wine & food pairing event involves 7 wine stops with food pairings throughout the Highland Village Shops. Admission $10 donation to benefit Journey to Dream (Kyles Place) which supports at-risk and homeless teens in Denton county. Your donation will give you access to the wine/food tastings, a commemorative wine glass and a goodie bag. The Shops at Highland Village, 1701 Shoal Creek, Highland Village 75077

Tuesday, November 14, 6:30 – 9PCooking Demonstration with Chef Morris Salerno at Bistecca – An Italian Restaurant. Join the Women of Flower Mound and gain some holiday cooking ideas as Chef Morris Salerno demonstrates his tips and tricks for appetizer, main dish and dessert preparation. $25, proceeds benefit the Women of Flower Mound Scholarship Fund. Join Us!

Friday, November 17, 11A – 1P2017 Holiday Extravaganza hosted by Youth and Family Counseling. Lunch and fabulous live and silent auctions of beautiful holiday décor at Bridlewood Golf Club. Wear your best hat for a chance to win a prize in the hat contest! All money raised will provide mental health care to the clients of Youth and Family Counseling. Tickets are $35. See more

RESOURCES

Find even MORE fun things to do!

Cross Timbers Gazette calendar

Facebook has a plethora of community events listed

Family eGuide – events for Flower Mound & surrounding areas

Fort Worth – things to do in Fort Worth

Guide Live – sponsored by DallasNews.com

Area Events provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified realtors to help you with your real estate needs!

 

 

What’s the Good News for October?

1-MercerCrossingMapMercer Crossing Development to open in Farmers Branch. A $1 billion mixed-use development in Farmers Branch is bringing hundreds of homes/apartments and is planned for more than 3,000 residents.  The 370-acre Mercer Crossing development is on the north side of LBJ Freeway near Luna Road.  Mercer Crossing will include 93 acres of urban commerce and 174 acres of residential single-family homes; built by six premier builders, M/I Homes, First Texas Homes, Beazer Homes, Megatel Homes, Oakdale Homes, and Siena Homes.   The first 30 homes should be starting in November 2017, and there are a total of 660 home lots, with larger home lots being around the lake.  Houses in the development will start at price of more than $300,000.  All of the lots have been sold to builders, and the builders have committed over $10 million in earnest money. Centurion American has also sold land to Coppell-based apartment developer Western Rim Properties for 1,250 apartments, of a total 2,500 apartments planned.

2-Amazon.com4North Texas communities partnering to entice Amazon.com to the Metroplex. The Dallas & Fort Worth Chambers are working together to bundle area pitches into a combined, regional pitch which must be turned into Amazon before the October 19th deadline.  The 2 chambers are coordinating the north Texas effort to entice Amazon’s 2nd headquarters location to the DFW area.   HQ2 is expected to create more than 50,000 jobs and represent a direct $5 billion dollar investment into the local economy.  More than 12 North Texas cities, with 30 – 50 specific site proposals, made the internal deadline to be included in the regional pitch.  Lewisville has 2 development sites being proposed:  Castle Hills on the eastern edge of Lewisville is one of the areas to make a pitch and the 2nd location proposed by Lewisville is undisclosed, but thought to be in the southwestern portion of the city (Vista Ridge Mall site which was recently sold at auction?) Allen proposed 2 sites, one being included in a project there called The Strand.  Frisco is submitting at least 6 site proposals along the Tollway.  Dallas is submitting 4 including one put forth by the Texas Bullet Train group which would have them locate in the Cedars area of Dallas and help to create a super economy between Dallas and Houston. Fort Worth suggests 8 sites including on the banks of the Trinity River in Ft Worth.  Plano is pitching 6 possible sites including their historic downtown.  McKinney has a proposal, Arlington and Irving met the deadline as well.  Carrollton sent in 2 sites and Grapevine sent in a site proposal including land owned by DFW Airport.  Denton submitted 3 site proposals – one north, one south and one in downtown Denton.

3-Retire4Texas ranks as one of 2018 Best Places to Retire; Dallas is 11th in Nation! In U.S. News & World Report’s 2018 Best Places to Retire in the United States, released on 10/02/17, the Lone Star state comes out smelling like a yellow rose. Six of the top 12 cities on the new top 100 list are in Texas, with Dallas coming in 11th in the nation.  The ranking measures included housing affordability, the job market, health care, retiree taxes and overall happiness.  Sarasota, FL showed up as the best place to retire in America and San Antonio came in at #1 in Texas, #3 in the nation.

4-Southwest1Southwest adds Boeing 737 to fleet, increasing area coverage and reducing emissions. On Oct. 1, 2017 , Southwest flew its inaugural flight on its new plane – the Boeing 737 Max.   Southwest is now one of the country’s largest domestic airlines, carrying more than 124 million paying passengers in 2016 and adding international flights to Mexico, Central America and the Caribbean.  Looking at Southwest’s new 737 Max, it can be hard to distinguish it from its predecessor, the 737-800.  The Max has updated winglets and larger engines, but its dimensions are nearly the same. Inside, the Max has the same blue-clad interior, approximately 30 additional seats and the galleys have been updated.  Southwest is expected to have 9 of the new aircraft in service by year end 2017 and 36 total by year end 2018. In 10 years, Southwest could have as many as 391 of the aircraft, a figure that represents more than half of the carrier’s current fleet size of about 700 aircraft.  The aircraft’s engines burn an estimated 14% less fuel than the previous generation of 737s, helping Southwest save on its second largest operating expense while cutting down emissions.  Perhaps most important is the 500 nautical miles of additional range Southwest says the jet will provide, which will increase the routes that are possible operationally and profitably.

What’s the Good News for September?

DHL3DHL expands in North Texas.  The shipping company just moved into its new 50,000-square-foot warehouse in Carrollton, adding 70 new jobs to meet demand for international commerce.  Now, the company has two facilities handling incoming and outgoing packages in North Texas. Greg Hewitt, CEO of DHL Express, said the company wants to make DFW Airport an international gateway for packages from as far away as Asia and Europe, and the company is in talks currently with DFW Airport customs officials.  The freight carrier also wants to open a third warehouse in Fort Worth, and they are currently searching for real estate to make that a reality.  DHL’s current facility in north Grand Prairie near DFW Airport was at capacity, prompting them to open the Carrollton facility. The new location off Interstate 35E is centrally located for their delivery routes in the eastern half of the Metroplex, Hewitt said.  DFW Airport is already a cargo hub which handled 829,019 U.S. tons of cargo and mail in 2016, up 12.7% from the previous year, according to the airport.

NICHE4North Texas fared well in Niche.com’s 2018 Best Public High School in Texas list. Niche.com, a website that analyzes neighborhood and schools data, recently released its 2018 Best Public High Schools in Texas list.  Of the top-100 ranked high schools in Texas, 38 are located in North Texas.  Frisco Independent School District had the most high schools on the list, with six.  And the best high school in North Texas? That distinction belongs to Dallas Independent School District’s School for the Talented & Gifted.  Carroll Senior High in Southlake ranked #12 overall, while Coppell came in at #14 and Flower Mound High at #26.   

Pecan Square Master Planned Development to begin construction later this year. The town of Northlake, along the Alliance I-35W corridor, is surrounded on three sides by the regional growth surge: Fort Worth to the south, Denton to the north, and Flower Mound/Argyle to the east.  Northlake is building - 6.jpgapproximately the same total size(32-square-miles) as the Town of Flower Mound to its east. Opportunities for future development are limited, however, because almost 1/3 of its land is in a floodplain, plus the existence of gas wells and distribution lines further limit future development.  Pecan Square is a Hillwood proposed mixed-use, master-planned development– made up of three tracts (Young, Gibbs and Thompson).  The proposed Pecan Square development will include a mix of commercial and residential uses with a mix of lot sizes and densities, located on 1,157-acres west and south of the I-35W and FM 407 intersection, across 407 from Harvest.  The zoning requests were approved in April 2017, and the Pecan Square development is expected to begin construction later this year, with models open by spring 2019.  The number of homes have yet to be finalized but could exceed 3,000.

Nordstrom4A Nordstrom that doesn’t stock clothes?! Innovation continues in all sectors of the economy.  In Q1 2017, Nordstrom experienced a 6.8% decline in retail store sales, and an 11% increase in online sales.  Then in Q2, online sales were up 20% year over year. The department store announced 09/11/17 that its new concept, Nordstrom Local, will be a 3,000-square foot store (their retail stores average 140,000 square feet) where customers can do things like try on clothes with a stylist, get manicures, and order coffee — or even wine or beer. Nordstrom said this location won’t stock accessories or clothing itself, but that people can order items for same-day try-on and pickup at the store.  The store will feature in-store tailoring and alterations. The goal is a personalized, faster, easier shopping experience.  Their advertisements are catchy – a Nordstrom’s that doesn’t stock clothes?  And they don’t mention anything about lower prices.  The first location will open in West Hollywood, CA on October 3rd.

DFW Airport to add Wow Air in May 2018. Wowair.com is an ultra low-cost carrier that has announced it will fly passengers nonstop from DFW to Reykjavik, Iceland, for $99 one way.  The CEO of Wow says he wants many to experience his homeland.  The airline will also offer $149 one way fares to Paris, Frankfurt, London and Barcelona, which will then connect passengers to 22 destinations in Europe on the airline. While the fares are cheap, Wow Air charges fees for additional services – for example, on a flight from New York to Iceland, a carry-on bag costs $40, checked luggage costs $50, a seat assignment in the front of the plane costs $10 and snacks and water cost extra.  DFW will be Wow Air’s 13th destination in the U.S., the latest in the Icelandic carrier’s growing network. Wow Air is the first budget carrier to service DFW. Wow Air said it will use an Airbus A330 aircraft on the route to Iceland that will depart DFW three times a week on Tuesdays, Thursdays and Saturdays.

Good News! provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified agents ready to assist you with your real estate needs!

What’s the GOOD News for July

Good News1July 25, 2017

Uber Freight – Uber’s going big into trucking and nowhere bigger than Texas. This spring, Uber launched Uber Freight, an app that matches truck drivers with loads of goods to pick up and deliver.  Texas, and routes between Dallas, Houston and San Antonio, served as the test ground before the app’s launch.  Texas’ large truckingUber_logo.svg business made it an obvious place to start, since about 14%  of U.S. freight comes in and out of Texas.  About 70% of Uber Freight’s loads and drivers are based in Texas.  Similar to the ride-hailing app, Uber Freight allows truck drivers to pick up extra work when they want to. They also can find a job that fills up their truck on the way home.  Nearly 10% of the nation’s truck transportation workforce lives in Texas. The Dallas-Fort Worth area has the third highest number of tractor-trailer drivers, trailing only New York and Chicago, according a recent study by Dallas consulting firm Site Selection Group, so Uber Freight will continue to be active in the North Texas trucking industry.

Flag_of_Plano,_TexasFrontgate –  On July 21st,  the choices for furniture shopping in North Texas improved with the opening of the flagship store of Frontgate in Plano’s Legacy West.   The luxury lifestyle brand already has more than 20,000 catalog customers in this area.  In total, today Frontgate sends monthly catalogs to 10 million affluent households, and its website has 25 million visitors a year.   The store has 21,337-square-feet with a covered 2,500-square-foot outdoor patio.  Inside, there’s a bistro area where customers can have a complimentary glass of wine, an espresso or a snack.   Frontgate has a another store in Atlanta similar to this north Texas store, and also has a handful of outlet stores.

 3.eia.logoElectricity Prices declining in Texas! – Shopping for electricity is becoming cheaper for most Texans, according to a new study from the Texas Coalition for Affordable Power.  About 85% of Texans can purchase electricity from several providers in a deregulated marketplace, while the remaining 15% must buy power from a single provider in their area.

The report from the Texas Coalition for Affordable Power, which advocates for cities and local governments and negotiates their power contracts, pulls information from the U.S. Energy Information Administration to compare prices for Texans in the two models. 3.electric-632731_960_720Most Texans could begin choosing their electricity provider in 2002.  Between 2006 and 2015, average residential electric prices for Texans in a competitive market decreased by 17.4%, while average prices increased by 5.5% in the regulated areas.  Overall, the average price of electricity in Texas — including the price in the deregulated marketplace, for the third time in four years — was below the national average in 2015.  A separate study from Rice University – one that looked at different and more recent data – found that in 2016, both regulated and deregulated parts of Texas had electricity prices that were decreasing year over year, and cheaper than the national average.

4.homebuildersBuilders answering the demand for lower priced homes – Dallas-Fort Worth builders started 8,812 houses in the second quarter — the greatest quarterly building total since fourth quarter 2006, housing analyst Residential Strategies Inc. reports.   Builders sold 8,244 homes in the second quarter, up almost 13% from a year earlier, scaling a new peak in quarterly sales since the summer of 2007.  Starts during the period were 12% higher from second quarter 2016 — most of the rise in home construction came for houses priced under $300,000.  With the high demand for more lower priced inventory homes, the median price of new homes started in the area fell to $344,094, down from almost $352,000 a year earlier.  Higher land and materials costs, and a shortage of labor have inflated the price tag on new houses, however with brisk demand at prices under $500,000, builders are answering the need.  The biggest increases in starts during the quarter were in Celina, Southwest Fort Worth, Forney, Wyly, the Colony and Princeton.

 5.DFW.airport.parking.termDDFW Airport parking prices not expected to rise – For the first time in five years, there are no new parking rate increases planned at Dallas/Fort Worth Airport.   The airport’s parking revenues are expected to remain flat in its next fiscal year as more customers choose to use services like Uber and Lyft instead of parking their cars at the airport. Currently, terminal parking costs $24 a day while parking at the express and remote lots costs between $10 to $15 a day.

DFW Airport receives fees from the car-for-hire services, which is becoming a larger percentage of the airport’s ground transportation revenues. The fees have grown from 6.5% in 2015 to an estimated 11.5% for 2018.

KW | Dallas Metro North outperforming NTREIS!

Keller Williams Dallas Metro North is outperforming NTREIS!! Look at our figures: We’re selling $25,552 higher per home, taking 3.2% more listings and selling them 20 days faster in June 2017. Call us today for help with your real estate needs!

LORE JULY

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