April, 2019 RSS Icon
Found 2 entries for April, 2019.

New Construction Allen TXA major new mixed-use project appears to be in the works for downtown Allen. According to a new report from the Dallas News, developers are looking to build a 12-acre, four-block project on the east side of Highway 75 at Main Street. 

If approved, the development, now being called Allen City Center, would include an office building, 850 urban-style apartment residences, a small park, and even some retail space as well.

The tallest sections of the project are planned to rise 5 stories high, which would include the office building that will face Highway 75.

Allen City Center is being designed by Dallas-based JHP and will be built in several phases, if approved. 

Right now, the building site is mostly vacant land or occupied by older homes. 

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DFW New Home Construction StartsNew home construction slowed during the first quarter of 2019 as North Texas home builders started just 8,439 new homes. According to data from Residential Strategies Inc, that represents a 4.4 percent decline compared to a year ago, and also the second quarter in a row in which homes starts in the DFW area have dropped. 

Despite low mortgage rates and strong demand and buyer traffic, sales definitely tailed off towards the end of last year, which could be a product of economic uncertainty, the government shutdown, and the 2018 stock market ups and downs late last year. 

As noted by the research and consulting firm, builders are now more focused on unloading existing inventory rather than starting new homes, and in some cases have offered some

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