DALLAS — Workbox, a provider of flexible workspaces and coworking solutions, has opened a 50,000-square-foot facility in the Victory Park area of Dallas. Members will have access to two floors of workspace, lounges, conference rooms, open kitchens and offices for teams ranging from one to 130 individuals. A new tenant-only fitness center and daytime lounge are also expected to be completed later this month. The location is the first in Dallas and ninth nationally for Workbox.
AUSTIN, TEXAS — National general contractor JT Magen has completed the renovation of the 8,000-square-foot office space of JBGoodwin Realtors in Austin. The space is located at 1613 S. Capital of Texas Highway in the city’s Westlake neighborhood. The project increased the flow of natural light via floor-to-ceiling windows and added a variety of functional spaces for staff training and client hosting, as well as additional desking areas. Seventh Spectrum Studios handled the interior design.
FLOWER MOUND, TEXAS — Dallas-based Realty Capital will develop a 181-room hotel in Flower Mound, located in the northern-central part of the metroplex. The 12-story hotel will be located within the 160-acre Lakeside Village mixed-use development and will be operated under the Autograph by Marriott family of brands. The property will also include 21 for-sale residences across the top three floors. Amenities will include a pool, spa, ballrooms, fitness center, a lakefront wedding chapel, an outdoor music amphitheater and several lakefront restaurants.
HOUSTON — Locally based developer Griffin Partners has broken ground on Carter Crossing, a 137,171-square-foot speculative industrial project in North Houston. Carter Crossing will be situated on a nine-acre site near Beltway 8 and I-45 and feature 3,707 square feet of prefinished office space, 32-foot clear heights and 28 dock-high loading doors. Transwestern is the leasing agent for the project, which is expected to be complete before the end of the year.
HOUSTON — Clay Development has completed Kennedy Greens Distribution Center III, a 110,250-square-foot industrial project in Houston. The 7.7-acre site is located at 13520 JFK Boulevard on the city’s north side and is part of a larger, 145-acre development. Building features include 32-foot clear heights, 2,600 square feet of office space and parking for 186 cars. The site can also support parking for up to 32 trailers.
HOUSTON — Elite Pickleball Club will open a 40,000-square-foot indoor facility at Bay Pointe Shopping Center in southeast Houston. According to LoopNet Inc., the property was built on nine acres in 1993 and totals 103,385 square feet. Lesley Rice, Andy Parrish and Audrey Schulz of Partners Real Estate represented the landlord in the lease negotiations on an internal basis. Huntley Grichor of Red Key Houston represented the tenant, which is backfilling part of a former grocery store space.
GEORGETOWN, TEXAS — Clopay has signed a 23,140-square-foot industrial lease in the northern Austin suburb of Georgetown. The manufacturer of overhead and garage doors will occupy space within Building 3 at CrossPoint Business District, the first phase of which will feature 488,758 square feet of space across three buildings and 61.7 acres. The company expects to take occupancy this summer. Darryl Dadon and Olivia Reed of CBRE represented the landlord, a partnership between Jackson-Shaw and Diamond Realty Investments, in the lease negotiations.
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How Developers Use Mix of Technology, Amenities to Attract Residents
The multifamily industry faces a major challenge. Final construction costs have grown 33 percent since 2019 interest rates and operational expenses are sky high; and rents may need to increase, where possible, to make deals feasible — an off-putting reality for residents. One developer solution is smaller apartments, which make units cheaper. There is also a push to add more common-space amenities that are both valuable and less costly to include. These features include rooftop spaces, green areas and decks. However, to make these spaces truly usable for today’s multifamily residents, it is important to make them technologically flexible and to offer easy internet connection. “The floor plans of most new-construction multi-dwelling units (MDUs) today are shrinking, and their amenities are expanding,” says Bryan Rader, president of MDU at networking and internet service company Pavlov Media. According to RentCafe, the average size of newly constructed apartment units fell by almost 6 percent in a decade, with half of that change occurring in the last year. Rader likens it to the “resort-style community” approach, where hotel rooms are small, and guests are encouraged to spend time everywhere else on the property. Similarly, multifamily developers create shared amenities such as comprehensive fitness …
SAN ANTONIO — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on a 751-unit self-storage facility at the corner of SW Loop 410 and Palo Alto Road in San Antonio. The facility will span 86,475 net rentable square feet of space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Security State Bank. Completion is slated for the second quarter of 2025. The project marks the seventh self-storage collaboration between Bakke and BCDC, with construction on the most recent project, a 773-unit facility in Weslaco, beginning earlier in March.
GEORGETOWN, TEXAS — Control Panels USA has preleased a 145,950-square-foot industrial project in the northern Austin suburb of Georgetown. The manufacturer will occupy the entirety of Building 2 at CrossPoint Business District, the first phase of which will feature 488,758 square feet across three buildings and 61.7 acres. The company expects to take occupancy in January 2025. Darryl Dadon and Olivia Reed of CBRE represented the landlord, a partnership between Jackson-Shaw and Diamond Realty Investments, in the lease negotiations.