Browse Category

Uncategorized

Mishandled housing program could cost Dallas $1.3M

The U.S. Department of Housing and Urban Development’s Office of Inspector General released a report this week examining more than a dozen homes remodeled by Dry Quick Restoration, The Dallas Morning News reported . The report found the homes had defective workmanship and long construction delays.

"The delays caused a hardship for the homeowners that the program was designed to help," the report said. The homes were meant to help families making $25,000 or less annually.

The report criticized the city for general mismanagement and not properly vetting the company’s experience and financial situation when issuing contracts in 2015.

A March newspaper investigation found the company’s owner, Kenneth Williams, has ties with local housing official Carl Wagner, who helped manage the mishandled program. Wagner is now suspended pending an internal probe.

The city said it’s working with federal officials to address the issues.

"We recognize the issues with our prior administration of the program and have already begun to address many of these findings and have developed more rigorous internal controls to ensure a higher level of accountability," the city said in a statement.

Dallas shouldn’t have to repay the funds because the money went into the homes, said T.C. Broadnax, the city manager.

"While mistakes were made, construction was delayed, and documentation was deficient, the $1,322,617 expended on the homes were invested in the labor and materials used to construct the homes where the homeowners reside today," Broadnax said in a letter to federal officials.

The city plans to hire an engineer to examine the homes, as well as a contractor to make repairs, Broadnax said.

Dry Quick declined to comment. Wagner couldn’t be reached for comment.

———

Information from: The Dallas Morning News, http://www.dallasnews.com

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source Article

Drake & Migos To Embark On The “Aubrey & The Three Amigos” North American Tour

(AllHipHop News) "Walk It Talk It" collaborators Drake and Migos will continue to showcase their musical chemistry with a trek this summer and fall. The "Aubrey and the Three Amigos Tour" is scheduled to kick off July 26 in Salt Lake City.

The 41-date outing will also visit cities such as Toronto, New York, Los Angeles, Detroit, Boston, Miami, and Atlanta. Drake is expected to drop his fifth studio album Scorpion prior to the start of the tour.

Drizzy, Offset, Quavo, and Takeoff join other Hip Hop stars set to criss-cross the country this year. J. Cole recruited Young Thug for the "KOD Tour." Plus, Childish Gambino will have Rae Sremmurd and Vince Staples opening for him on certain dates.

General public tickets for the "Aubrey and the Three Amigos" tour go on sale on Friday, May 18 at Ticketmaster.com. Check out the dates for the journey below.

Source Article

Dallas-Plano-Irving tops Forbes’ best cities for jobs – Dallas Business Journal

With 25.6-percent job growth since 2006, the Dallas-Plano-Irving area ranked No. 1 on Forbes’ 2018 list of the best cities for jobs.

It marks the North Texas region’s second year in the top spot after it dethroned San Francisco in 2016. Its two-year reign stems from consistent job growth over the past several years, Forbes reported. Last year, Dallas-Plano-Irving posted 2.8-percent growth, and has seen 19.6-percent growth since 2012.

“Simply put, this Energizer bunny just doesn’t stop,” Forbes wrote.

The region is poised to keep hold of its job consistency for a few reasons. It’s home to a range of industries, with the Big D posting double-digit percentage growth in almost every sector that Forbes measures, from energy to business services and construction to finance.

It also offers financial factors attractive to both companies and workers, including affordable housing and low taxes, Forbes added.

The proof of “the Big D’s domination” can be seen in the growth of its resident and business populations. Last year, the region saw a 2.02-percent increase in residents.

And over the past few years, Dallas-Plano-Irving has attracted a number of headquarters relocations, including Toyota North America, Jamba Juice, Pei Wei and Jet Suite.

Last month, Smoothie King also announced it’s moving to the Irving area.

If they’re not moving here, many companies are opening major hubs in the region. Last week, Payless announced a new office in Dallas. It joins others like JP Morgan Chase, Liberty Mutual and Boeing in dotting North Texas with a diverse range of corporate campuses.

Dallas is leading what Forbes dubbed the “surging south,” as many of the list’s top spots went to southern cities. Austin ranked second, logging 39-percent job growth since 2006.

Nashville-Davidson-Murfreesboro-Franklin, Tennessee; Charlotte-Concord-Gastonia, North Carolina-South Carolina; Orlando-Kissimmee-Sanford, Florida; and Raleigh, North Carolina, took third, fifth, sixth and seventh on the list, respectively.

While Dallas beat out Silicon Valley and other California cities that traditionally top Forbes’ list, a few still made the top 10. San Jose-Sunnyvale-Santa Clara took fourth, with 3-percent job growth last year. That was propelled by information companies like Google, Facebook and Netflix, as growth in sectors like finance, business and professional services is slowing, Forbes said.

Similarly, San Francisco-Redwood City-South San Francisco held onto the top 10, at eighth, with 8.7 percent information job growth, down from 12 percent it’s logged since 2006. Business and professional services jobs grew 4 percent, compared to 5.6 percent over the past 10 years.

Riverside-San Bernardino-Ontario, California, took ninth with 3.78-percent job growth last year.

Other major markets, including New York (No. 24), Los Angeles (No. 48) and Chicago (No. 55) logged slower job growth as they see more outward migration as they grapple with trying to create higher-paying jobs over those with smaller paychecks, like in the leisure and hospitality industry.

To compile its list, Forbes looked at short-, medium- and long-term job growth, and whether job creation is accelerating in a region. See the publication’s full methodology here.

Fastest-Growing North Texas Cities

Ranked by Population Growth Rate 2010-2016

Rank City Population Growth Rate 2010-2016 1 Prosper 93.1% 2 Little Elm 64.3% 3 Frisco 39.8% View This List

Source Article

Uranium Energy Corp Completes the Acquisition of the North Reno Creek ISR Project – Dallas Business Journal

NYSE American Symbol – UEC

CORPUS CHRISTI, TX, May 3, 2018 /PRNewswire/ – Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to announce that the Company has recently completed its previously announced Purchase Agreement (the "Agreement") with Uranerz Energy Corporation, a wholly owned subsidiary of Energy Fuels Inc. (collectively, "Energy Fuels"), and now holds 100% of its advanced stage North Reno Creek ISR project ("North Reno Creek" or the "Project") located immediately adjacent to and within UEC’s existing Reno Creek Project permitting boundary in the Powder River Basin, Wyoming (see Figure 1 below; the "Acquisition"). The North Reno Creek leases and claims acquired through this Acquisition consolidate UEC’s land and resource* position in the region.

Transaction Highlights

North Reno Creek adds further scale to an already large, fully permitted and construction-ready in-situ recovery ("ISR") project located in the United States. North Reno Creek is situated within UEC’s existing permitting boundary at Reno Creek, allowing for integrated development. Increases Reno Creek’s combined Measured and Indicated resource by 20%, based upon Uranerz’s previously reported NI 43-101 Measured and Indicated resource of 3.8 million tons grading 0.056% U3O8 yielding 4.3 million lbs at North Reno Creek. UEC plans to engage a qualified person to compete the necessary work to incorporate the North Reno Creek resource estimate into the Company’s Reno Creek Project and complete an updated technical report under NI 43-101.* ** Opportunities to enhance UEC’s development of Reno Creek by optimizing the mine plan to remove the effects of property boundaries that had previously separated mineralized roll-fronts on both properties. In particular, significant synergies exist in co-development at both the North Reno Creek Resource Unit and the Southwest Reno Creek Resource Unit, which are expected to be the first units developed within the project area. Further augments UEC’s footprint in the strategic Powder River Basin in Wyoming, a uranium mining-friendly state with excellent infrastructure and an experienced labor force.

Amir Adnani, President & CEO, stated: "We are very pleased to complete this highly synergistic acquisition integrating North Reno into our broader Reno Creek project area. This further cements our position in controlling one of the largest, fully permitted and 100% un-hedged low-cost ISR portfolios in the United States. This acquisition also comes at a time when international trade and geopolitical developments underscore the importance of domestic uranium supplies in support of American energy security."

Transaction Details

UEC has now provided to Energy Fuels the following material purchase price consideration at the closing of the Agreement:

(a)

$2,940,000 in cash; and

(b)

1,625,531 common shares of UEC (each, a "Share"), at a deemed issuance price of $1.5072 per Share, representing the volume weighted average price of UEC’s common shares on the NYSE American for the five trading days immediately prior to (but not including) closing.

North Reno Creek ISR Project Overview

The North Reno Creek ISR Project is located in the Powder River Basin, Campbell County, Wyoming, approximately 80 miles northeast of Casper.

Substantial historical exploration, development and project permitting have been performed on the North Reno Creek property. Beginning in the late 1960s and continuing into the mid-1980s, Rocky Mountain Energy ("RME"), a wholly owned subsidiary of the Union Pacific Railroad, drilled more than 800 exploration drill holes on the North Reno Creek property. In the late 1970s and early 1980s, RME successfully operated and restored and reclaimed a uranium ISR pilot plant. Subsequently, RME nearly completed permitting and licensing for a commercial scale ISR facility.

In 1992, the Reno Creek Project was acquired by Energy Fuels Nuclear, Inc. ("EFN") from RME. Over the next decade EFN and its successor, International Uranium Corporation (now Denison Mines), continued to advance the project toward full permitting and licensing. Subsequently, Rio Algom and Power Resources held the project until dropping all of their interests in 2003. Between 2006 and 2008, Uranerz acquired mineral and surface land interests covering approximately 1,280 acres of fee mineral leases and federal mining claims comprising the North Reno Creek Project. In June 2015, Energy Fuels Inc. acquired Uranerz, whose development assets included the North Reno Creek property.

In October 2010, Uranerz issued an NI 43-101 technical report titled "Technical Report, Reno Creek Property, Campbell County, Wyoming, U.S.A", dated October 13, 2010 (the "Technical Report"). The Technical Report, prepared by Douglass Graves, P.E. of Trec, Inc., in accordance with NI 43-101, outlined a Measured and Indicated resource of 3.8 million tons containing 4.3 million pounds of U3O8 at a grade of 0.056 percent. In addition, they reported an Inferred resource of 190,000 tons containing 142,200 pounds of U3O8 at a grade of 0.039 percent. The Technical Report is available on SEDAR at www.sedar.com.* **

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Clyde L. Yancey, P.G., Vice President-Exploration for the Company, a Qualified Person under NI 43-101.

Advisors and Counsel

Haywood Securities Inc. is acting as financial advisor to the Company and McMillan LLP and Holland & Hart LLP are acting as legal advisors to the Company.

About Uranium Energy Corp.

Uranium Energy Corp. is a U.S.-based uranium mining and exploration company. The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado and Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

*Notice to U.S. Investors

The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the "SEC") Industry Guide 7 guidelines. In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Accordingly, we have not reported them in the United States. Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves. These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. In particular, it should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability. It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

**Resource estimate

Upon the closing of the transaction the Company plans to engage a qualified person to complete the necessary work in order to update and incorporate the Uranerz North Reno Creek resource estimate into the Company’s Reno Creek Project and complete an updated technical report under NI 43-101 (the "Updated Report"). Until such work is completed and the Updated Report completed and filed Uranerz’s prior Technical Report resource must be considered historical in nature and cannot be relied upon and should not be construed to reflect a current resource estimate in accordance with NI 43-101.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

View original content with multimedia:http://www.prnewswire.com/news-releases/uranium-energy-corp-completes-the-acquisition-of-the-north-reno-creek-isr-project-300641739.html

SOURCE Uranium Energy Corp

The information on this page is provided by PR Newswire. All rights reserved. Reproduction or redistribution of this content without prior written consent from PR Newswire is strictly prohibited. Dallas Business Journal is not responsible for this content. Learn more about this service.

Source Article

Construction ready to start on Bishop Arts Village in Dallas’ North Oak Cliff

Exxir Capital

Developers are ramping up construction on one of North Oak Cliff’s most anticipated new real estate projects.

The 11-acre Bishop Arts Village at Bishop Avenue and Ninth Street has been in the works for years and is just south of the historic Bishop Arts commercial district.

Now long-time property owner Exxir Capital is pushing ahead with new residential, retail and public spaces in the second phase of the project.

"Everything is in place and it breaks ground next week," said developer Michael Nazerian. "It’s been over a decade in the making and we are very proud of it."

The construction will include 246 apartments on a public plaza with 12,000 square feet of retail.

It will join the 42,000-square-feet of retail and office space Exxir Capital is already building across the street.

Most of the new buildings will be between two and four floors. Two-story arched entryways to the development will face the street.

The project will have more than 500 spaces of public parking.

Nazerian said the development uses only 60 percent of the entitled density.

"We hope the overall project will serve as a place for all the people of Dallas to be able to enjoy and connect in a beautiful, charming outdoor environment, populated by graceful housing and creative entrepreneurs," he said. "We have put design and human scale experience first, working with artists and craftsman."

Exxir Capital’s Bishop Arts Village replaces small homes and older apartment buildings that once occupied the site located between Davis Street and Jefferson Boulevard.

The project is in an area seeing huge redevelopment with several new apartment communities and additional retail.

Nazerian said his firm plans to be a long-term player in Bishop Arts.

"This is a family legacy project, funded without outside equity so we are able to make decisions for the coming decades, not a three to four-year time horizon," he said. "I think this, coupled with the fact we have spent 10-plus years in the Bishop Arts neighborhood to gain a true understanding of it, will result in a special project that can help serve as the core of a great urban neighborhood."

The next phase of Bishop Arts Village will include apartments, retail and public space.

Source Article

Dallas Man Shoots and Kills Man Who Tried to Enter His Apartment

A Dallas man has been released by police after he shot and killed a man who assaulted him and then tried to enter his apartment.

Dallas Police say the shooting happened at 2:30 p.m. Tuesday in the 2600 block of Highland Road.

Investigators say a 28-year-old man assaulted a 54-year-old man who lived in the apartments, and then tried to enter the 54-year old’s apartment.

Officers say several witnesses called 911 to report the incident. Investigators did file murder charges, but the 54-year-old was released. The case will now be referred to a grand jury.

Sacramento police released new footage from the night Stephon Clark, 22, was shot and killed on March 19. Videos released Monday shows footage from 23 dashcams, 28 body cameras, two 911 calls and additional footage from the Sacramento County Sheriff’s Department helicopter.

(Published 2 hours ago)

The victim’s next of kin have not been notified, so a name or photo have not been released.

Source Article

Former Dallas City Secretary Deborah Watkins, who ‘epitomized professionalism,’ dies

The Dallas Morning News

Former Dallas City Secretary Deborah Watkins, who was known for her professionalism and fairness, died early Tuesday after a year-and-a-half-long fight with uterine cancer. She was 66.

Watkins worked for the city for 37 years. The City Council hired her as its top record-keeper and election-runner in 2006. Her son Kurt Watkins, 36, said city secretary was the top City Hall job his mother wanted early in her career — likely because "it was an attainable job for a black female in the 1970s."

"That was what she wanted to get and she got there, and she served admirably," Kurt Watkins said.

Deborah Watkins retired in the summer of 2011. Afterward, she worked as the interim city secretary in Ferris, served as vice chair of the city’s Ethics Advisory Commission and earned her Ph.D. in education from Texas A&M-Commerce. Kurt Watkins said his mother had hoped to start a second career as a Dallas County Community College professor.

Former and current city officials remembered Watkins fondly. Former Mayor Laura Miller said the former city secretary was "a one-in-a-million person" who people didn’t want to cross simply because she was too nice.

"Deborah was the most gentle, patient, calming city employee, which is pretty hard to pull off at Dallas City Hall," Miller said. "She was loved by everyone and did her job beautifully."

Former Mayor Tom Leppert said Watkins "was terrific" and "epitomized professionalism."

"You always enjoyed being around her," she said. "She always had a very good disposition. Never got down. Even in difficult times, she always had a smile on her face."

Mayor Mike Rawlings called for a moment of silence Wednesday for Watkins, who he said was "a real dedicated public servant of this city." Mayor Pro Tem Dwaine Caraway said in an interview that Watkins "had the ability to get along with any and everyone, even if she disagreed."

"She was firm. She was factual. She left a heck of a mark in the city secretary’s office," Caraway said.

Watkins was born Deborah Phillips and grew up in Dallas. She graduated in 1969 from Roosevelt High School, which she attended with Caraway. She then attended the University of North Texas, where she met her future husband Thomas on her first day there.

The couple had two children, Ryan and Kurt. Thomas Watkins, who died in 2008, was a long-serving president of the Dallas chapter of the NAACP. Deborah Watkins, who also earned a master’s degree from UNT, was the president of the Dallas chapter of Delta Sigma Theta from 1993 to 1995. The couple’s nephew was Craig Watkins, the former Dallas County district attorney.

Deborah Watkins worked in the city secretary’s office early in her career and climbed her way through the ranks at City Hall to become manager of accounting and collections for the court services department. In that position, she hired a young Zale Corporation credit analyst named Bilierae Johnson, who is now the interim city secretary.

When Johnson’s mother died about three months after she started working for the city, Watkins kept her from quitting.

"I was young and wasn’t thinking straight," Johnson said. Watkins, Johnson said, told her she would give her whatever leeway she needed, even if she needed to cry at her desk.

Johnson and Watkins both went on to different departments in City Hall afterward, but remained in touch. Johnson considered Watkins a mentor. And in recent years, Johnson called Watkins to pick her brain and ask questions about issues facing the city secretary’s office.

Watkins was "an amazing lady, very kind and strong," Johnson said. Johnson — whose official appointment to the city secretary position is on Wednesday’s council agenda — said she’s struggling with Watkins’ death because she believed her friend had more to accomplish.

"She was full of life until the end," Johnson said. "She really wanted to keep going. She didn’t stop. Her situation stopped her."

Watkins’ funeral is at 11 a.m. Saturday at Greater Golden Gate Missionary Baptist Church at 9333 Ferguson Rd, Dallas, TX 75228.

Source Article

North Texas Property Management Announces McKinney Informational Page on Property Management – San Antonio Business Journal

MCKINNEY, Texas, April 2, 2018 /PRNewswire-PRWeb/ — North Texas Property Management, a leading property management company in Plano, Texas, at http://www.ntxpm.com/, is proud to announce a new informational page on McKinney property management services. McKinney is a prosperous North Dallas suburb with 168,000 people.

"While folks in Plano know us as their best choice in a property management company, we wanted to alert McKinney residents and investors of our property services in that nearby community," explained Jason Marascio, CEO of North Texas Property Management. "Accordingly, we’ve produced an informational page on McKinney property management services for a quick Web introduction."

To learn more and to view the new page on McKinney property management, visit http://www.ntxpm.com/mckinney/. Those who are seeking a consultation on property management are urged to call the firm at 214-227-7669.

PROPERTY MANAGEMENT SERVICES FOR MCKINNEY, TEXAS, INVESTORS

McKinney is one of the booming, prosperous suburbs north of Dallas, Texas. With a population of nearly 200,000 people, it still retains a small town atmosphere, and many residents or investors have residential homes that they "hang onto" in anticipation of appreciation. Many need property management services and do not want to go to one of the large, impersonal Dallas property management firms. They want a local business, but they may not be able to find one directly in McKinney. For this reason, North Texas Property Management has launched an information page explaining that their company has deep roots in McKinney and really knows the area. Services that are available are detailed on the page such as "make ready" services to get a property ready to rent, the handling of all homeowner association issues, and – of course – the management of renters and rental issues. In this way, McKinney property owners can rest assured that they will get "big city" know-how with "small town" service, and their first stop is to learn about McKinney property management on the new informational page.

ABOUT NORTH TEXAS PROPERTY MANAGEMENT

North Texas Property Management Company is a top-rated property management company servicing the needs of rental property owners in the North Dallas area of North Texas. The company’s property managers manage residential rental properties in Plano & McKinney and Richardson & Allen, as well as other communities in the North Dallas area, for real estate investors and rental property owners who want a property management company that will take the burden off of them of physically and financially caring for, maintaining, and managing their rental homes.

Web. http://www.ntxpm.com/
Tel. 214-227-7669

SOURCE North Texas Property Management Company

The information on this page is provided by PR Newswire. All rights reserved. Reproduction or redistribution of this content without prior written consent from PR Newswire is strictly prohibited. San Antonio Business Journal is not responsible for this content. Learn more about this service.

Source Article

Plano’s Legacy area is on track to match downtown Dallas in office employment

Staff Photographer

Plano’s booming Legacy business park during the next few years will grow to have almost as many workers as downtown Dallas.

That’s what a new forecast by commercial real estate firm JLL predicts for the business district that is now home to huge employers including Toyota, JPMorgan Chase, FedEx Office and Liberty Mutual Insurance.

"Overall, we estimate that greater Legacy’s job base has increased by 15,000 since 2015," JLL managing director Jack Crews says in a new report about the Legacy area. "This includes real move-ins to Toyota and JPMorgan, as well as companies taking smaller footprints like Fannie Mae, FedEx, Capital One and NTT Data.

"We estimate that the daytime workforce is up to around 100,000 today," he said. "Looking out over the next few years, Legacy will continue to intensify as a business hub."

JLL predicts that the Legacy area employment base will grow to nearly 135,000 by the end of 2019. Along with newcomers to the area, the job totals include workers for longtime West Plano employers including Frito-Lay, Bank of America, USAA and others.

While the largest office campuses in the $3 billion Legacy West development are finished, other speculative buildings are underway.

"As the big corporate move-ins finish and office projects now underway get leased, we will likely add another 31,000 jobs," Crews said. "That is transformative growth – bringing greater Legacy’s workforce up to nearly 135,000 – that’s a 50 percent increase in its job base from just a couple of years ago."

At the end of 2017, there was more than 23 million square feet of office space in the Legacy and Frisco markets – about a half million square feet less offices than in downtown Dallas.

Net office leasing in the area was almost 1.2 million square feet – the most of any North Texas business area.

About 720,000 square feet of office space was under construction in Legacy and Frisco at the start of 2018, according to data from Cushman & Wakefield Inc.

New office campuses by Toyota, shown above, FedEx Office, JPMorgan Chase, Liberty Mutual Insurance and others have brought thousands of jobs to the Legacy business park and surrounding areas.

Source Article

  • 1
  • 2