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2019 Uptown Demographic Study
Uptown Dallas Prepared for Uptown Dallas, Inc. Market Study December 2019 Metrostudy-Dallas/Ft. Worth 1255 West 15th Street, Suite 240 Plano, TX 75075 Phone: 214.869.4916 Email: [email protected] Web: www.metrostudy.com Table of Contents Profile 3 – 8 Economic/Demographic 7 – 11 Employment 12 – 14 Real Estate 15 – 21 Transportation 22 – 24 Uptown Data 25 – 28 Uptown Residents 29 – 37 UPTOWN DALLAS, INC. CUSTOM STUDY Page 2 Profile Uptown Dallas 1993 Development in Uptown began in the 1980s with residential and commercial growth. As the neighborhood began to take shape, developers and residents alike saw an opportunity to enhance the area. Through consensus with the City of Dallas, Uptown Dallas, Inc. was formed in 1993 to scale, maintain and further improve the neighborhood. Uptown Dallas, Inc. celebrated 25 years in 2018. 591.8 Acres Stretching just under one square mile, or 591.8 acres, Uptown is a diverse and dense neighborhood. The community includes numerous residential options, reputable companies, schools and a variety of retail and dining options. 58.1 Acres Uptown has 19 square feet of greenspace per person totaling 58.1 acres. Open space includes Griggs Park which is 8 acres and Greenwood Cemetery, Calvary, Temple Emanuel, Anita Phelps Park and Freedman’s Memorial comprise 44 acres. Katy Trail, a 3.5-mile, privately funded trail system built on an old railroad line defines Uptown’s western border. Additionally, there are 53.5 acres of greenspace bordering Uptown including the award-winning Klyde Warren Park. 4.6 Miles Founded in 1983 with the intent of returning heritage streetcars to the streets of Uptown, the McKinney Avenue Transit Authority successfully accomplished that goal in July of 1989. -
City Response to DART Downtown Transit Study
Oak Cliff Gateway Community Meeting TIGER Streetcar Project Update Bicycle and Pedestrian Projects TIGER Streetcar Project Initial Dallas streetcar planning efforts grew out of CBD Comprehensive Transportation Plan and D2 light rail analysis Focused within downtown loop NCTCOG received a grant on behalf of the City of Dallas from the Federal Transit Administration for the streetcar starter line to serve the CBD and North Oak Cliff workforce The 1.6 mile base project runs from Union Station to Methodist Hospital at a cost of approximately $48.6M including vehicles $26M in federal funding $12.8M in local funding (Regional Toll-road Revenue) $9M from DART for vehicles 2 TIGER Streetcar Project 3 TIGER Streetcar Project Stacey and Witbeck/Carcon were given notice to proceed with final design and construction in September 2012 and bridge demolition is currently underway Base project has been enhanced to provide double track operation along Zang and Colorado Completion of base project is scheduled for October 2014 Brookville Equipment Corporation was given notice to proceed with production of two vehicles in March 2013 First American made off-wire modern streetcar vehicle The Dallas streetcar will be 8’ wide, 66.5’ long with capacity to carry 41 passenger seated and maximum 170 standees Anticipated vehicle delivery is late summer 2014 4 TIGER Streetcar Project Extension The Regional Transportation Council (RTC) recently reprogrammed $30.87M in Texas Mobility Funds to the Dallas Streetcar Project The funds are proposed to extend the base project an additional 1.25 miles and provide two additional vehicles .75 miles south from Methodist Hospital to the Bishop Arts District ($15M) .5 miles north to the Dallas Convention Center/Omni Hotel ($7.87M) Streetcar Vehicles ($8M) 5 TIGER Streetcar Project Extension 6 TIGER Streetcar Project Extension Operation and Maintenance Cost Operation for base Streetcar Project funded by Dallas Area Rapid Transit Base project assumes weekday service only 5:00 a.m. -
Fy 2018 Business Plan
Dallas Area Rapid Transit FY 2018 BUSINESS PLAN Including FY 2018 Annual Budget and Twenty-Year Financial Plan FY 2018 Business Plan L4.indd 1 7/31/17 9:40 AM DART BOARD MEMBERS Sue Bauman Dallas Catherine Cuellar Dallas and Cockrell Hill Mark C. Enoch Garland, Rowlett and Glenn Heights Tim A. Hayden Carrollton and Irving Ray Jackson Dallas Jonathan R. Kelly Garland Patrick Kennedy Dallas Jon-Bertrell Killen Dallas Michele Wong Krause Dallas Amanda Moreno Dallas Gary Slagel Richardson, University Park, Addison and Highland Park Rick Stopfer Irving Dominique Torres Dallas Paul N. Wageman Plano Faye Moses Wilkins Plano and Farmers Branch FY 2018 Business Plan L4.indd 2 7/31/17 9:40 AM FY 2018 Business Plan (09/26/17) How to Use This Book What’s in this Book This book contains the Business Plan for Fiscal Year 2018 (FY 2018 – which ends September 30, 2018) for Dallas Area Rapid Transit (DART or the Agency). The Business Plan provides the DART Board of Directors, customers, taxpayers, elected officials, and other stakeholder groups of our region with a comprehensive summary of the Agency's plans and commitments to improve regional mobility, enhance the quality of life, and stimulate economic development. This document consolidates the key elements of the FY 2018 Annual Budget, the FY 2018 Twenty-Year Financial Plan, the Transit System Plan, and the Agency's Strategic Plan. A summary of the information contained in the various sections follows. The formal Letter of Transmittal summarizes priorities and issues for the upcoming year. The section titled Who We Are should help those not familiar with DART to understand the basis from which the Agency operates. -
Victory Park
SOUTH VICTORY DISTRICT Victory Park DALLAS, TEXAS Victory Park, a walkable, urban development in the Uptown neighborhood of Dallas, is home to some of the cities best restaurants, entertainment, and retail. • Victory Park is a 75 acre masterplanned, mixed-use development in Downtown Dallas anchored by the American Airlines Center (home of the Dallas Mavericks & Stars), The House of Blues, HERO, Tom Thumb, W Dallas Hotel and the new 44,000 SF Cinepolis Luxury Cinemas. • The bar and restaurant scene at Victory Park is about to experience a dramatic change as we welcome new concepts, opening later this year, from some of Dallas' top food and beverage operators. • WeWork opened in early 2019 on the 2nd & 3rd floors of the Victory Plaza Office building. The space features their signature mid-century modern decor, open floor plan, floor to ceiling glass and steel framing, private office suites and communal working space. 2 Demographics DALLAS LOVE NORTHEAST FIELD AIRPORT PARK DALLAS CITIES 1 MI RADIUS GREENWAY Population (2018) – 29,603 PARKS 75 Households – 13,124 Avg. HH Income – $117,552 3 MILES Median Age – 33 Daytime Demo – 141,525 Education (Bach+) – 57% 3 MI RADIUS 35E Population (2018) – 187,692 Households – 87,023 1 MILE Avg. HH Income – $91,322 Trinity UPTOWN OLD EAST Median Age – 34 River DALLAS Daytime Demo – 393,259 30 Education (Bach+) – 48% Victory Park 5 MI RADIUS Deep DOWNTOWN Ellum Population (2018) – 398,518 DALLAS Households – 163,296 Avg. HH Income – $94,878 CEDARS Median Age – 34 Daytime Demo – 642,221 30 Education (Bach+) -
Living in Dallas, Texas Demographics Dallas Is the Third-Largest City in Texas and the Ninth-Largest in the United States
Living in Dallas, Texas Demographics Dallas is the third-largest city in Texas and the ninth-largest in the United States. Dallas forms the heart of the large metropolitan area in north central Texas, commonly referred to as the “metroplex”. The metroplex, a 12-county area encompassing more than 120 cities, is anchored by the City of Dallas in the east and the City of Fort Worth in the west. The population of Dallas is around 1.3 million according to the US Census Bureau. This ultra- modern and sophisticated city is the largest economic center of the 12-county Dallas-Fort Worth metropolitan area, which is the fourth-largest metropolitan area in the United States. The Dallas community is world-class with a diverse population located on a total land area of 384 square miles. Dallas is centrally located within the US and serves as a commercial and cultural hub of the Southwest region. Within a four-hour flight from most North American destinations, the travel possibilities are endless. Dallas is also a leading business and meeting city. Dallas-Fort Worth is home to 24 Fortune 500 companies and has become a hotspot in recent years for corporate relocations. Notable Fortune 500 companies include: Exxon Mobil, AT&T, Energy Transfer Equity, American Airlines Group, Southwest Airlines, Texas Instruments, GameStop, D.R. Horton, and Dr. Pepper Snapple Group. Entertainment/Culture With many entertainment districts within a short distance of downtown, Dallas is a unique melting pot which mixes local history with arts, culture, dining, and more. Dallas is stylish and cosmopolitan, a city with a well-earned reputation for fashion, shopping, and prosperity. -
Member FDIC Bishop Arts Downtown Dallas Cedars Deep Ellum Garland
Uptown Garland Deep Ellum Bishop Arts Cedars Downtown Dallas 2020 Member FDIC “What a long, strange trip it’s been.” GROWTH - Year-end assets increased DEAR SHAREHOLDERS, 2020 was best described by the 34.37% to $307,327,273. Deposits famous song line by the Grateful Dead – were up 37.8% to $274,208,306, while “What a long, strange trip it’s been.” our loan portfolio increased 23.5% to We went from a booming economy $235,296,015. We anticipate continued early in the year, to a massive drop strong growth in 2021, although we in the stock market and an almost expect that growth to be at slower total lockdown of the country due to levels than the record increases that the worst pandemic in over 100 years we saw in 2020. in the spring, to civil unrest in the CAPITAL - Our capital to assets ratio, summer and finally to the anticipation considered by many the primary of a new administration and a stock indicator of bank strength and market boom in the fall. solvency, was 9.97% at year end, Last year was truly a year like no significantly above “well capitalized” other in recent memory. regulatory requirements. Despite our Despite all of these headwinds, strong capital ratio, our after-tax Texas Brand Bancshares, Inc., return on equity from continuing and Texas Brand Bank are pleased operations was 9.66%. Return on to announce a record year. average assets was 0.99%. Borrower dissatisfaction with large, money center banks, EARNINGS – Earnings were up sharply particularly with respect to the in 2020, rising 41.42% over 2019. -
Dallas • Texas
DALLAS • TEXAS OFFERING SUMMARY INVESTMENT OVERVIEW UPTOWN Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in IMT Seville Uptown (the “Property”) in Dallas, Texas. The 363-unit apartment community is located in one of the most accessible sites in the city, positioned just two blocks from the Dallas North Tollway just north of Maple Avenue. This location is minutes from several of Dallas’ top economic drivers, including Uptown, Dallas Medical District, and the Dallas CBD. The Property benefits from upscale nearby amenities, attracting a highly-educated, young workforce to the area. New ownership is afforded the opportunity to capitalize on the tremendous momentum in the area and initiate a value enhancement program to push rental rates. INVESTMENT HIGHLIGHTS VALUE-ADD ASSET BELOW REPLACEMENT COST & DISCOUNT TO UPTOWN The Property is being offered at a discount to replacement cost with the potential to implement a value-add program to close the gap on properties located in Uptown. New ownership has the ability to upgrade new plumbing & lighting fixtures, stainless steel appliances in all units, backsplash, granite countertops in bathrooms, ceiling fans, washer/dryer sets, two-inch blinds, and add enclosed yards to select units. According to MPF Research, 2000+ built properties located in the Intown (Uptown) submarket are averaging rents of $1,834 per month, which is approximately 36% above in-place rents at IMT Seville Uptown, exhibiting an exceptional opportunity to push rental rates. -
Free to Ride!
FREE TO RIDE! NO SUNDAY SERVICE UPTOWN PEARL ST OLIVE & E McKINNEY 722 OLIVE ST 21 K WOODALL D-LINK RODGERS FWY PEARL/ARTS B 20 D 21 FLORA ST DISTRICT STATION CEDAR RD SPRINGS 19 MAP NOT TO SCALE DALLAS ARTS 20 Pearl/Arts District DISTRICT 18 17 LEGEND 19 East Transfer D-Link Route & Stop Center MCKINNEY AVE Dallas Streetcar & Stop FIELD ST Victory DART Light Rail and Station FEDERAL ST. BROOM ST PEARL ST M-Line Trolley West Transfer St.HARWOOD Paul Trinity Railway Express Center CESAR CHAVEZ BLVD MAIN & Commuter Rail and Station ST. PAUL ST Akard ST. PAUL C 12 LAMAR ST 11 15 13 ELM ST 14 WEST END MAIN ST HISTORIC MAIN STREET YOUNG ST DISTRICTRECORD DISTRICT 16 West End LAMAR ST G ROSS AVE FIELD ST TRINITY RIVER DALLAS FARMERS G ST 10 MARKET ST MARKET DISTRICT PACIFIC AVE ELM ST 4 BC HOUSTON & HOUSTON ST MAIN ST 3 MARILLA ELM 9 2 COMMERCE ST 5 1 CONVENTION CENTER E A WOOD ST B STATION 8 Union Convention Center Station 6 YOUNG ST LAMAR ST 7 Cedars 2 MIN-WALK REUNION DALLAS STREETCAR 5 MIN-WALK DISTRICT TO BISHOP ARTS DISTRICT Route 722 Serves All Local Bus Stops POWHATTAN STBELLEVIEW ST Stop Numbers and Places of Interest 620 NO SUNDAY SERVICE 1. Convention Center Station 8. Dealey Plaza 15. Main Street Garden No Holiday Service on days observed for Memorial Day, 2. Kay Bailey Hutchison 9. Sixth Floor Museum at 16. Dallas Farmers Market July 4, Labor Day, Thanksgiving DALLAS TRINITY RIVER HOUSTON ST Convention Center Dealey Plaza Day, Christmas Day and New Year’s Day. -
REFERENCE BOOK March 2019
DALLAS AREA RAPID TRANSIT REFERENCE BOOK March 2019 Version 10.0 WHAT The Dallas Area Rapid Transit (DART) Reference Book is a convenient and easy to use compilation of information on the DART system. It provides staff with key data, maps and contacts. The objective is to allow staff to respond to inquiries, with consistent, accurate information in a timely manner. WHO The DART Reference Book was compiled by the Capital Planning Division of the Growth/Regional Development Department. Numerous DART departments provide input and assist Capital Planning with annual updates. WHEN DART Capital Planning coordinates an update after each fiscal year ending September 30. Because some financial information does not become immediately available, the Reference Book update is completed by the second quarter (March) of the following fiscal year. AVAILABILITY A limited number of printed copies are made for senior management. A PDF version of the Reference Book is available for DART staff on DART InfoStation, and also on www.DART.org under About DART. VERSION CONTROL VERSION NUMBER VERSION DATE DESCRIPTION OF CHANGES 1 8.2010 DRAFT 2 3.2011 FY10 Actual/FY11 Budget Update 3 4.2012 FY11 Actual/FY12 Budget Update 4 4.2013 FY12 Actual/FY13 Budget Update 5 3.2014 FY13 Actual/FY14 Budget Update New Board Member committee 5.1 5.2014 assignments/minor edits 6 3.2015 FY14 Actual/FY15 Budget Update Corrected LRT on-time performance for 6.1 7.2015 PDF version only. 7 3.2016 FY15 Actual/FY16 Budget Update 8 3.2017 FY16 Actual/FY17 Budget Update 9 3.2018 FY17 Actual/FY18 Budget Update 10 3.2019 FY18 Actual/FY19 Budget Update II DART REFERENCE BOOK – MARCH 2019 DART POINTS-OF-CONTACT ADMINISTRATIVE OFFICES DART MAILING/PHYSICAL ADDRESS 214-749-3278 DALLAS AREA RAPID TRANSIT P.O. -
Click Here for Current Directions and Parking Information for Buses
Dallas Heritage Village is located at Old City Park, 1515 South Harwood, Dallas, Texas 75215-1273. Bus parking is free with paid admission. Parking is only available in designated areas. FROM THE NORTH US 75 [Central Expressway] (McKinney, Plano, Richardson, etc.) Go south on 75 and take the I-30 West exit. Stay in the right lane on the service road and take the first CENTRAL EXP. exit, Ervay St. Turn left at St. Paul (the first traffic light), cross over the freeway and go past the old PEARL DOWNTOWN DALLAS HARWOOD Ambassador Hotel. At the stop sign, make a slight left, putting you on Ervay St. Take the first left onto N S. ERVAY Gano. The entrance to the Village is on the left, across from City Park Elementary. After unloading I35 E ST. PAUL all passengers, turn right onto St. Paul and then right into the bus parking area behind City Park Farmers Elementary. YOUNG Market North Dallas Tollway (Plano, Addison, North Dallas, etc.) I30 Go south on the Tollway through the main toll plaza. Take the I-35E South exit and follow the signs I30 I30 to I-30 East. Immediately after I-35E and I-30 East split, take the Lamar/Griffin exit and remain on I45 ST. PAUL the feeder road until Harwood St. (DO NOT MAKE ANY TURNS OR EXITS UNTIL HARWOOD.) DALLAS S.HARWOOD I35 E Turn right on Harwood and right through the gates. The drop off area is on the right. After unloading all S. ERVAY HERITAGE passengers, follow the drive around to the left and turn right into the bus parking area. -
Future Projects
9 AROUND THE REGION FUTURE PROJECTS For the Dallas-Fort Worth region, there is no time like the present to ensure that the bustling metro area remains an innovative, forward-thinking place for generations 2 to come. Future developments spanning more than 10 years in planning and construction are helping to ensure that | FUTURE PROJECTS 1 NEAR SOUTHSIDE MEDICAL 2 COLLIN CREEK MALL 8 Dallas-Fort Worth is at the forefront INNOVATION DISTRICT REDEVELOPMENT 6 of industry and livability. The future of As part of its new economic development Centurion American Development Group plans the metro area is rife with innovative strategy, the City of Fort Worth identifi ed the a $1 billion dollar mixed-use redevelopment of developments, impactful architectural Near Southside Medical Innovation District 37-year-old shopping center off of U.S. Highway feats, and continually improved design to as a critical element to the city’s long-term 75 in Plano. Plans call for more than 500 vitality. The district is home to a number of 4 strengthen the region’s appeal. townhomes and houses, 3,000 apartments, major hospitals and independent medical 450,000 square feet of restaurants and clinics. The area off ers an array of industrial shops, and more than 1 million square feet of and creative companies, historic buildings offi ce space. The redevelopment is expected adapted as lofts and offi ces, and numerous to include almost 10 acres of park space and restaurants and amenities. The city is amenities. 3 7 positioning the district as the “most livable 10 medical district in the U.S.” 1 5 TRINITY RIVER CORRIDOR DALLAS FORT WORTH 3 PROJECT DALLAS 4 INTERNATIONAL AIRPORT The Trinity River Project, covering 20 miles With more than 5,200 acres available for or approximately 10,000 acres, is an eff ort commercial use, the Dallas Fort Worth 7 NEWPARK DALLAS, A SMART DISTRICT, 8 RICHARDSON to redevelop the Trinity River as it runs near International Airport Land Use Plan is a & SOGOOD @ CEDARS INNOVATION downtown and into Southern Dallas. -
Victory Park
OCTOBER 2008 Development PUBLICATION 1877 A Reprint from Tierra Grande o piece of Texas real estate had been more abused. Asbestos, Nlead, arsenic and benzene polluted the ground and water only blocks from downtown Dallas. The 75- acre site was home to a 100-year-old city dump, a railroad maintenance yard, an aging power plant, cow pastures and abandoned grain silos. Few believed anything worthwhile could be built on the buried layers of incinerated junk, which included the charred remains of everything from hospital bedpans to whiskey bottles. But the doubters never counted on Ross Perot Jr., CEO of Wrangling the American Airlines Center Hillwood Development Company. In ten years, Perot has erot and his Hillwood team had a vision — an urban dis- spearheaded the nation’s largest brownfield cleanup to date trict built from the ground up with a 20,000-seat indoor while creating an upscale, high-tech urban environment in the sports arena as its focal point. Because they did not own a process. P local pro sports franchise, such as the Dallas Mavericks of the Perot had many reasons to christen his new development NBA or the NHL’s Dallas Stars, they lacked leverage to move “Victory.” those teams from their home at the time, Reunion Arena. From Wasteland to Winner Perot solved that problem by buying the Dallas Mavericks in 1996. A year later the location for the new sports arena was n the late 1990s, Perot was looking for his next big project unveiled. when the site came to his attention. The location was what “Originally, several sites for the arena were considered,” said every real estate developer dreams about — 1.5 miles of I Perot.