eastfwther

This presentation looks great. Being relatively new to Fort Worth, I’m not carrying the same level of distrust and skepticism as others throughout the city (not here but Reddit and the like). I’m bullish on this. It’s gonna take a longer time, need interest rates to trend down, need a corporate tenant or two to move down, but overall we are riding some good tailwinds between the regional economy and population growth.

Also, glad to see the power plant incorporated. For those who haven’t been to Austin in the last decade, they revitalized their Seaholm Plant. Amazingly, they built a brand new city library adjacent.

The Seaholm project in Austin is pretty impressive and I would love something similar here.  In regards to Panther Island being Las Colinas Part II...nope.  We know the business/corporate component is unlikely and as much as I would love to see high rises and such on Panther Island, I expect it to be mainly a bunch of apartment complexes. 

The Dallas Morning News reported that this office building will be renovated into apartments. 

 

The new residential is great; still sad to see yet more office space and jobs disappear from DTFW. 

Not surprising the Dallas Morning News describes a relocation to FORT WORTH by starting the sentence "Dallas-Fort Worth's central location."  Whatever that means.

 

 

 

 

Give them a break.  Most computers might not be able to decipher the words headquarters, relocation, and Fort Worth in the same sentence. lol 

Goodguys car show firm relocates HQ from California to Texas Motor Speedway

 

 

https://www.dallasne...motor-speedway/

 

Dallas-Fort Worth’s central location is once again attracting a business relocation from California.

Goodguys Rod & Custom Association, the world’s largest hot-rod association and producer of two dozen car shows and events around the country, has moved its headquarters to the 10-story Lone Star Tower overlooking a turn at Texas Motor Speedway in Fort Worth.

 

It's not really bringing any jobs to the area, but it is an actual RELOCATION.  

 

And side note...can Lonestar Tower go on the list as one of the ugliest buildings in Fort Worth?  I haven't seen it in a long time, but I've always thought  it looked like a prefab concrete warehouse on the bottom with a Motel 6 sitting on top! 

Goodguys car show firm relocates HQ from California to Texas Motor Speedway

 

 

https://www.dallasne...motor-speedway/

 

Dallas-Fort Worth’s central location is once again attracting a business relocation from California.

Goodguys Rod & Custom Association, the world’s largest hot-rod association and producer of two dozen car shows and events around the country, has moved its headquarters to the 10-story Lone Star Tower overlooking a turn at Texas Motor Speedway in Fort Worth.

 

Thanks for posting.  Gives us a renewed sense of building trends in downtown.  Mostly residential and hotel.  No new office towers so far as I can see from the map.

 

No new office towers indeed, with Frost Tower having been the only recent addition. 

 

This is Fort Worth, who was expecting an office tower? 

The sad part is that it could have been done right, the first time.  Then, we would have this wonderful urban development already built and finished out.  It has been a long time since members of the forum posted on the design of the development, but I think several of us preferred an urban solution to the little slice of suburbia that was built.

Agreed. I remember being so excited about the "urban" redevelopment of this site and then so disappointed to see the finished product.  I never had a problem with the cut-out of the building, but the suburban mess aground it is horrible.  It's a shame because Montgomery Plaza could have been the model for W7th development. Now the whole W 7th area is a hodgepodge mess. 

 

Hopefully over time, MP will be redeveloped closer to an urban design, but as someone mentioned and this being Fort Worth,  it'll be YEARS before that would happen. 

The Fort Worth Report on future Panther Island economic development (below) may be more properly posted elsewhere, but I post it here because an official is quoted as stating that the office market may be changing because of the pandemic.  I took that to imply that the vertical dimension of Class A office buildings may be downsized in the future on account of remotely situated employees and executives (in addition to the leveling of the hierarchical structure and decentralization of authority trends). My take on this; someone else may see a different implication.

See...this is the kind of thinking that keeps Fort Worth behind in office space and white collar jobs.  If the pandemic has "changed" things so much, then why is it that I can think of five office buildings going up in/around downtown Dallas?  The Goldman Sachs office consolidation seems to be a done deal, a 15 story office building is going up in Irving, along with credible rumors that Wells Fargo is putting a huge campus there and two new office buildings are going up in Cypress Waters, Right outside of my office window in Plano, ground work is starting on a 24 story office tower, two more towers are going up across the tollway, and to the  north in Frisco,  I can see the cranes for two new office towers around The Star development.  My own company's Dallas office is moving into a brand new 27 story office tower next year that is currently under construction.  These are all breaking ground AFTER the pandemic. But in Fort Worth...the office market is changing??  I guess they can sell that shlock to people that never see the other side of the metroplex.  To us that do, these excuses are practically embarrassing at this point. 

 

Just say that Fort Worth is unable to attract corporate relocations, office construction and white collar jobs and be done with it.  When you try to explain it  away with mess like this, you just look stupid, especially  when office space is  being built everywhere in DFW but here. 

 

And changing??  Fort Worth didn't really build any office space before the pandemic and there's no plans to build much after.  So it hasn't changed at all. 

There were a few pretty major high rise office / mixed-use developments in Dallas that were put on hold and still are on hold or in their 5th iteration meaning it started off as office / retail, now condos.  I did see the PGA headquarters in Frisco wrapping up, also new phases of the Star complex underway, so you're not wrong in that respect.  It doesn't seem like new office space in-general is going at the same pace pre-pandemic for obvious reasons.  

 

I

 

 

But still plenty of office space going up  in Dallas, Plano, Irving, Frisco, Allen, Richardson, Lewisville, The Colony & Mckinney . It's not going at the same pace, but it's going...just not here in FW. It amazes me how long Fortworthians have predicted office building doom for Dallas (and surrounding area), yet offices keep going up there.  . At this point, ANY amount of office space on Panther Island would be a win. 

 

A Toyota Music Factory like entertainment component would be awesome though. 

^^^
New York, Indy, Detroit and Minneapolis are accustomed to & can navigate ice & snowy conditions. The storm that was a disaster for the SB here, would not have shut down these cities at all. Im not even sure that SB storm would have registered as a bad storm in those cities. So those cities will remain viable for the SB.

Dallas (DFW) has the precarious position of being in the sunbelt, yet still susceptible to winter storms that shut down the area. And the most likely month for ice storms unfortunately is the same month as the Super Bowl.

As these February ice storms seem to be becoming a regular occurrence here, I wonder how much this affects the chances of another DFW Super Bowl. Im sure this is something the SB committee looks at and makes Houston a much safer bet than DFW.

This FWBP article by Bob Francis features Mayor Parker's upbeat prognosis on Fort Worth's economic development.  Her good news is that our city will become more competitive in attracting corporations.  What surprised me in the article was the statement that Fort Worth did not get a single one of the 21 corporate relocations to the DFW area in 2021.

 

https://fortworthbus...opment-efforts/

 

"She said Fort Worth’s biggest problem is being in the shadow of Dallas.

“And we get mad about that. We get irritated about it,” she said. “We won’t do anything about it. And you have to market the city differently. And I’ll continue to be irritated about it, but also execute.”

I hate to doubt what the mayor is saying, but I can't think of a single Fort Worth mayor who hasn't said the same thing. 

 

Galderma is moving its offices from Fort Worth (Alliance) to downtown Dallas. 

 

From the article:

• 400 employees will relocate to the Dallas office
• other locations in DFW were considered 
• the Dallas location will "help attract new talent"
• Galderma is the third recent relocation to downtown Dallas 
• the Trammell Crow Center, built in the '80's, recently completed a $135 million renovation

       What lessons can the City of Fort Worth learn from this?  

 

 

Global dermatology and skincare products firm Galderma is moving its U.S. HQ to downtown Dallas

https://www.dallasne...owntown-dallas/

 

I think this was supposed to be in the commercial forums?

 

i moved it...thanks.  I shouldn't post without my contacts in!!! 

 

So when is Fort Worth getting a new 50 story office building ? "Two weeks" (Ongoing Money pit movie line reference) lol Come to think of it ? I wish I chose "Walter Fielding" not GenX as my forum name ? haha 

In regards to development, Fort Worth is very much "don't believe it till you see it".  City government has been talking about soon to be built skyscrapers since the mid to late 90's! We're still waiting on that new highrise condo building the Bass' ARE going to build in Sundance Square, first mentioned around,  what, the mid 90's?  

 

There was a news report this morning about the new highrise apartment building going  up downtown and right in the report it said the building has taken five years to get off the ground.  Five years for a building, the like of which Dallas, Houston & Austin seem to put up daily.  

 

I've mentioned several times that this is the city where a 37 story office  tower (Bank One)  was replaced with a 12 story one (Chase Building) while  at the same time city leaders talked about how strong the demand was for downtown office space.        ( So demand is so strong that no developer would put up a comparable tower?...25 stories shorter?  )

 

So I suggest to put little trust in what these people say in regards to downtown development, especially office space.  All cities have developments that fall through, but so much in DTFW  never gets further than a quote in a news article.