Kourtny Garrett: Great Strides in Downtown Dallas

streamrealtyDALLAS, IN THE NEWS, Uncategorized

On Monday, March 6, we will once again bring well over 1,000 business leaders, residents, organizations, and the public sector together at the Downtown Dallas Inc. (DDI) Annual Meeting with one common interest: Downtown Dallas. This year’s theme may seem simple, “Great Strides,” but those two words encompass a remarkable amount of progress in the heart of our city, along with what we know is coming soon. It’s a play on words describing progress. Great strides are being made with transformative plans like high-speed rail, CityMAP, and 360; infrastructure projects like streetcar and a subway; and more than 100 developments (meaning countless cranes) under way. The theme also is a quip referring to street-level improvements like parks, bike lanes, and walkability improvements that give us even more reason to stride.

Since 2000, we’ve experienced $5 billion of investment in the city center through a variety of residential, hotel, commercial office, and public projects. Nearly 11,000 residents live in the center of downtown, where in 1996 only the 200 living in Manor House apartments called this area home. Within a two and a half mile radius, 50,000 now live, and over 7,000 units are under construction with another 6,400 impending.

Downtown’s employment base and office market remains strong with over 135,000 employees and positive net absorption in 2016. AT&T was a significant retention (and expansion) headline toward the end of last year, and work to advance the AT&T Discovery District will continue into this spring.

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By: Kourtny Garrett
SOURCE: D Magazine