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Dallas, TX
Can North Texas solve our housing price crisis?
It seems like a match made in urban planning heaven. Most metro areas have an abundance of underperforming retail property, such as half-vacant shopping centers, and a shortage of housing that average Texans can afford. Turn that retail into housing, and voila, two problems solved at once.
But no complicated problem has such an easy fix. The North Texas growth juggernaut means that burgeoning exurbs need additional retail space even as dilapidated strip centers plague core cities and older suburbs. Some homeowners may fear and fight plans for new, higher-density housing near them, even when it replaces obsolete shopping centers.
Yet reinvigorating or repurposing underused commercial property can improve a neighborhood’s quality of life while also adding value to a city’s property tax base. That new revenue is especially important because state lawmakers have been keen to limit homeowners’ property taxes. Responsible city leaders need to grow other parts of the tax base just to keep up with the increasing cost of providing public services and maintaining aging infrastructure.
What North Texas needs is a variety of tactics to address these related issues: streamlined rezoning, public incentives to redevelop infrastructure, increased public education about budget issues, and a greater tolerance for change. Fading retail centers can be revitalized in ways that preserve their original use or transform them into something totally different, such as housing. It just takes determination, money and imagination.
Retail abundance
Dallas-Fort Worth has about 200 million square feet of retail space, and it’s about 95% to 97% occupied, said Steve Zimmerman, managing director of the brokerage group at The Retail Connection. Colliers, a real estate services and investment management firm, reported in August that retail rents here have been rising about 4% annually. Those statistics suggest that retail space isn’t severely overbuilt.
But not all retail centers are full of high-performing, high-value businesses. Aging strip centers tend to attract vape shops, nail salons, pay-day lenders, check-cashers, doughnut shops and vacancies; their capacious parking lots remain mostly empty. Those underutilized properties don’t enhance nearby neighborhoods or the tax base as much as busy, attractive retail centers would.
Last year, the Texas Legislature created a new tool to help redevelop commercial properties. Known as Senate Bill 840, the law forces large cities in urban counties to allow multifamily and mixed-use residential development on commercial, office, warehouse or retail property without a zoning change.
SB 840 is meant to encourage developers to transform bleak, underperforming retail spaces into badly needed housing. For example, it might have prevented the fight over Pepper Square in Far North Dallas.
That shopping center languished while the developer and nearby residents sparred in a bitter and protracted rezoning dispute. It is a prime example of how local government processes and NIMBYism make it hard to redevelop in Dallas.
But implementing the new law has been more complicated than we’d hoped. For starters, some North Texas suburbs reworked their zoning code to try to sidestep the new rules.
Irving, for example, set an eight-story minimum height requirement for new multifamily or mixed-use residential development — much taller than what’s typical in the area. Frisco pulled a different trick. Senate Bill 840 exempts industrial areas, so Frisco changed its zoning code to permit heavy industry in commercial zones.
Market conditions also may be slowing commercial-to-residential redevelopment. Our newsroom colleague, Nick Wooten, reported in November that there is a temporary over-supply of apartments in Dallas, fueled by a construction boom and a stream of remote workers in the post-COVID years.
(Unfortunately, that oversupply hasn’t made rent much cheaper. Even if a lease is relatively inexpensive, there are plenty of added costs, like electricity and Wi-Fi. Plus, building managers often nickel-and-dime residents with mandatory fees for trash collection, parking lot security gates, parcel lockers, pets and on and on.)
The temporary situation doesn’t erase the region’s long-term shortage of lower-cost homes. We need SB 840 to work because we need a larger, more diverse stock of housing, including multifamily and townhomes, across the entire region. With a more generous supply of all types of homes, both rental and owned, housing costs should eventually decline.
More options for faded retail
Senate Bill 840 is only one strategy for remaking forlorn retail properties into something more useful and valuable. Some creative owners, managers and public officials have found ways to maintain a property’s retail orientation while adding unique experiences and features.
Carrollton updated design standards and established a “Retail Rehabilitation Performance Grant Program” to encourage property owners to reinvest in underutilized retail centers. One notable success: Carrollton Town Center, where occupancy had dipped to 20% more than a decade ago, according to a story in PM Magazine. Now it is a bustling, walkable, Asian-focused retail and restaurant destination.
Hillcrest Village in Far North Dallas is part of an entire block of aging retail along Arapaho Road. A public-private partnership transformed a parking lot into the “Hillcrest Village Green,” a 1.5-acre expanse of turf with a playground at one end. Restaurants with oversize patios overlook the city-owned greenspace.
Local developer Monte Anderson, a champion of “incremental redevelopment,” is remaking the Wheatland Plaza shopping center in Duncanville. He’s reworking interior spaces and reclaiming some of the parking lot for food trucks, new landscaping, and eventually, a dozen for-sale townhomes built with Dallas Area Habitat for Humanity.
Cities can speed retail redevelopment with small and large incentive programs. Retail properties typically don’t have the utility infrastructure needed for housing; grants and revolving, low-interest loan funds can help residential developers keep costs down so their end product is more affordable. Elected officials need to help constituents understand why most cities need denser, higher-value redevelopment to keep tax rates lower.
D-FW has matured into a metropolis with a vibrant, diversified economy. To accommodate population growth, cities can’t ignore languishing commercial property, or allow only one type of new housing, or permit property tax bases to stagnate. By tackling all three issues at once, they can lay the foundation for a more prosperous future.
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Dallas, TX
Dallas City Council approves resolution to explore leaving Dallas City Hall
DALLAS – Dallas City Council members approved a measure to explore options for leaving Dallas City Hall while, but left the door open to staying in the iconic building.
Resolution to explore leaving City Hall passes
What we know:
The resolution approved will explore options to buy or lease a new City Hall building. It was amended to include a plan to pay for repairs to the current building that would be compared side by side to the options to leave.
Dallas City Council approved the resolution by a 9-6 vote. The vote came around 1 a.m. Thursday morning after 14 hours of debate.
Councilman Chad West told FOX 4’s Lori Brown that if the city decides to stay or leave City Hall, the resolution includes proposals to redevelop the land around the building.
“We still should be looking at redevelopment options to tie it into the convention center later on, because otherwise it just equals ghost town, which is what we have now,” West said. “And of course, if we decide to move and City Hall itself gets repurposed or demolished and something gets built there, we need to have a projected plan for what that could look like as well.”
Debate on City Hall’s future
Local perspective:
Around 100 residents spoke about their desire to keep the current Dallas City Hall, the historic structure designed by architect I.M. Pei.
“The thought of losing this land to private hands is disheartening. A paid-off asset, unfair to taxpayers, built on what is here,” Meredith Jones, a Dallas resident, said.
“The decision belongs to the people, not the city council,” David Boss, the former manager of Dallas City Hall, said.
Several questioned why the price tag for a repair is public knowledge, but the cost for a move isn’t.
“The public deserves to know the value of the land we are giving up. Dallas deserves a careful decision, not a rushed one,” resident Azael Alvarez said.
Future Mavs arena looms large
Dallas City Council went back and forth on the resolution, amending it before it finally passed. Much of the conversation revolved around the Dallas Mavericks’ potential interest in the site for a new arena.
Mayor Eric Johnson lamented that conversation revolved around the Mavs’ future and not City Hall itself.
“A conversation about a particular sports team and where you want them should never have been part of the conversation because that was not what was infront of us,” Johnson said. “I’ve never seen such vehement opposition to gathering more information.”
Councilwoman Cara Mendelsohn wore a Mavericks T-shirt to a recent hearing due to the continued conversation around them.
“We’re talking a lot about the Mavs. They’re the elephant in the room, but they’re actually not here, so let’s at least let them have a seat at the horseshoe,” Mendelsohn said on Monday.
Residents were also upset at the idea of City Hall being bulldozed to make way for a new Mavs arena.
“The Mavericks were ridiculed nationally, and still are. Worst trade in the history of the NBA,” one resident said Monday. “The decision to knock this building down without all the facts and allowing the people to make the decision is your Luka Dončić trade.”
A potential 10-digit repair cost
The backstory:
Experts who assessed Dallas City Hall said the 47-year-old building’s mechanical, plumbing, heating, air conditioning, and electrical systems don’t meet modern standards.
It put a $906 million to $1.4 billion price tag on keeping the iconic building, which was designed by the famous Chinese architect I.M. Pei, for another 20 years.
Downtown Dallas Inc., an advocacy group for Downtown Dallas, said last week they support leaving the current City Hall site.
“We believe Dallas City Hall is no longer serving its intended purpose. The important functions that happen and must continue to be evolved and innovated within our city government are inefficient and truly stymied in that space,” said Jennifer Scripps, President and CEO of Downtown Dallas Inc. told the crowd. “Our board called a special called meeting and voted unanimously in support of pursuing options to relocate City Hall and redevelop the site. We were we feel that the opportunity is huge.”
The Source: Information in this story came from FOX 4 reporting.
Dallas, TX
Study says the real value of a $100K salary in Dallas is…less than that
How much do you earn? And how far does that paycheck really go?
In Dallas, a $100,000 salary is a figure that’s more than double the area’s individual median income, but nevertheless a useful benchmark for the region’s burgeoning business community. However — once taxes and the local cost of living is factored in — it has the effective purchasing power of around $80,000 according to a new financial report.
Consumer-focused fintech site SmartAsset worked the numbers on the country’s 69 largest cities, determining the “estimated true value of $100,000 in annual income” in each location by measuring federal, state and local taxes as well as local cost of living data, including on housing, groceries and utilities.
It used its own proprietary figures, as well as information from the Council for Community and Economic Research.
Despite recent research suggesting North Texas has lately been losing some of its famous economic advantage — a major factor behind the region’s explosive growth — Dallas actually fared relatively well in SmartAsset’s analysis. Of the 69 cities, Dallas’ effective purchasing power, of $80,103 on the $100,000 salary, tied with Nashville to rank 22nd highest.
Like many cities in the report, Dallas also actually saw a year-over-year effective salary bump, likely because of slightly lower effective tax rates and living costs that have hewed closer to the national average. In 2024, the value of a $100,000 salary in Dallas came out to $77,197.
Other large Texas cities fared even better than Dallas. El Paso, where SmartAsset calculated the effective value of the $100,000 salary at nearly $90,300, ranked third highest overall.
San Antonio, where the effective value was around $86,400, ranked eighth. Houston, where the figure was around $84,800, ranked 10th, and Austin, where the figure was $82,400, ranked 17th.
Oklahoma City topped SmartAsset’s value ranking, with an effective salary of around $91,900, and Manhattan, which the website considered as its own city, came in with the lowest value, at around $29,400.
Dallas’ relatively strong effective value score won’t necessarily translate to the good life: Another financial report, published in November by the website Upgraded Points, determined that even a single adult with no kids needs a pre-tax salary of at least $107,000 to live “comfortably” in the Metroplex.
Dallas, TX
Public frustration grows as Dallas leaders debate billion‑dollar City Hall fix or relocation
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