Showcasing DFW’s Top Development Projects

New projects in DFW 2023

Dallas-Fort Worth, with one of the fastest-growing populations in the U.S., is experiencing a boom in the demand for housing properties. 

With new development projects going down the pipeline, the bustling metropolitan area remains an innovative and forward-thinking place for generations to come. 

These future developments, spanning several years in planning and construction, will improve the industry and livability in DFW.  So, let’s take a look at some of the projects that can strengthen the region’s appeal.

 

New Projects in DFW 2023

 

1. Larks Entertainment Venue, Fairview

With a unqiue approach to entertainment, Larks Entertainment– a Southlake-based company, is making its debut in Fairview- DFW at the end of 2023. It’s coming with a new concept combining food, beverage, and sports activities in one place, 531 Town Pl. 

Within Fairview Town Center, about 35 miles north of Dallas, Lark Entertainment will be constructed at about 23,000 square feet. The entertainment center will be enormous, including a restaurant, shuffleboard, yard games, and the old nostalgic and the latest multiplayer arcade games. 

Curt Skallerup, the founder of Lark Entertainment, says that he wants to create a place that’s inclusive and affordable for families, with shuffleboard for seniors, games that anybody can play, and at a reasonable cost, there would be everything for everyone. 

2. Newpark–A Smart District

Hoque Global and KDC have partnered in developing Newpark–A Smart District on a 20-acre site south of Dallas City Hall. The $3.5 billion multi-phase project is going to become a major tech and educational hub. It will be supported by smart, innovative, and sustainable technologies.

In addition to millions of square feet of office, residential, and retail space, the project also features a unique educational campus spanning over a million square feet. It will focus on pre-kindergarten through post-secondary education. 

Phase 1 will include the core of the project– One Newpark, a 38-story mixed-use tower with a 245-room hotel, 225,000 square feet of office space, 268 mixed-income residential units, and street-level retail.

You May Also Like: SIEMENS & DRINKPAK INVESTMENT: A HUGE IMPACT ON THE DFW REAL ESTATE MARKET

3. Dallas Convention Center

In November 2022, The Dallas City Council approved plans for a $3 billion realigned convention center, from which voters agreed on a $1.2 billion bond proposition. In the project, the current facility will be torn down and replaced with a 2.5 million-square-foot convention center. 

The project includes developing a deck park spanning over Interstate 30, which will connect Downtown Dallas to surrounding neighbors. The convention center will feature 800,000 and 400,000 square feet of exhibit and additional space. This will include a 105,000-square-foot ballroom. 

Also, the new facility will have around 30 acres of land for private sector developments to support the convention center as a destination location. All in all, it’s a massive project that’ll begin in 2024.

4. Mixed-Use Projects

The City of Lewisville gave approval to Bright Realty to begin construction on the mixed-use 140-acre Crown Centre at Castle Hills. It is located across the Sam Rayburn Tollway from another Bright Realty mixed-use project, The Realm at Castle Hills.

The project includes constructing up to 2,000 multifamily units, 500 hotel rooms, and 3 million square feet of office space in this massive $1.5 billion budget. The project is in progress, and so far, Phase 1 has been delivered.

Another Mixed-use is a $3 billion progressive “mixed-experience” community built around a vibrant central park in the North Platinum Corridor of Frisco. It will include a 9-acre park, including an event lawn, a performance pavilion, playgrounds, promenades, and a pond. 

It will feature 2 million square feet of office space and a 400-room business hotel. There will also be a 200-room boutique hotel, 375,000 square feet of retail, and 3 million square feet of residential space. 

 

Book a FREE Consultation Today!

With all the projects down the pipeline, DFW still faces a limited inventory problem in the home market due to remarkable population growth. The council is issuing 5,156 home permits every month in 2023. 

So, if you’re looking to buy a house or property for investment purposes, now might be the best time. Our experts will assist you in making the best investment decision ever. Contact us for a free consultation!

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Scroll to Top