According to recently reported figures from Dodge Data & Analytics, new construction throughout the DFW region is up 7% from last year with nearly $10.7 billion worth of new development already under construction.
The year-over-year gain in DFW is especially encouraging given new construction across the United States is actually down 7% according to the same report.
Large projects, which are defined as having a construction value of $50 million or more, are prevalent all over North Texas, ranging from sprawling corporate campuses to spectacular mixed-use and apartment complexes that are helping accommodate DFW’s red hot rental market that only seems to get stronger as we push through the summer and into the busier fall season.
Some of DFW’s largest residential projects include the following:
Preston Hollow Village (Phase 2)
Featuring both apartments and plenty of retail space, the second phase of Preston Hollow Village is estimated to cost $101.4 million.
The Union Dallas
While the office portion of Union Dallas is expected to cost over $133 million, the apartment tower also has a pretty substantial price tag of just under $91 million.
Cityplace Co. & Forest City West Village Tower
When finished, the new West Village tower will stand 23 stories high and include 389 luxury apartments, 150 hotel rooms, and 23,000 square feet of retail space. Construction costs are estimated to be around $73.5 million and offer residents new urban Cityplace Homes.