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For Sale ±91 Acres Master Planned Development Camp Wisdom Road at University Hills Dallas, TX
For additional information:
Michael Swaldi, AIA, SIOR Managing Director
214.438.6219 [email protected]
Larry McCorkle Managing Director
214.438.6216 [email protected]
Nick Hayden Associate
214.438.6488 [email protected]
+/-91 acre subject property
The opportunity
JLL is pleased to present a 91 acre, already zoned, development opportunity. The site is located in the heart of Dallas’ “Dallas Plan”. The strategies needed to grow the area per the “Dallas Plan” that have been completed are the UNT-Dallas Campus and the DART station. This is a great area to create a mixed use development that can support the UNT-Dallas Campus. The property is already zoned for a mixture of uses and has all utilities to the site. Given the commitment from the City of Dallas to this area there is the potential for further assistance from the city to kick start a development.
Major area employers
American Wallcovering Inc
Furniture Solutions Now
Johnstone Supply Warehouse
L’oreal Warehouse
Mars Petcare Warehouse
NFI Warehouse
Pettigrew Associates
Pinnacle Auto Group
Quaker Oats Warehouse
Reel FX
Trinity Industries, Inc.
+/-91 acre subject property
Southern Dallas: Is 196.7 total sq. miles—169.4 sq. miles of developable land
Is larger in land area than Boston, Mi-ami, and San Francisco combined Is mostly residential, with density similar to surrounding suburbs Since 2000, real property values in Southern Dallas have in-creased by 54%
South Oak Cliff DART project
The South Oak Cliff Blue Line Extension (SOC-3) extends the Blue Line south approximately 2.6 miles from Ledbetter Station toward the University of North Texas (UNT) Dallas Campus located at the southeast corner of Camp Wisdom Road and University Hills Blvd. (formerly Houston School Road) and added two new stations. The extension provides potential development opportunities in the area south of Ledbetter Station to the UNT-Dallas Campus.
The line runs along the east side of Runyon Creek, crosses over Crouch Road west of the Magnolia Trace Senior Housing, crosses over a knoll north of the South Central police station and follow Patrol Way east, then turn southwest toward the UNT-Dallas campus.
The Camp Wisdom Station is located north of the police station on the west side of Patrol Way with bus access off Patrol Way. The UNT Dallas Station is located at-grade on the southern boundary of the campus near University Hills Boulevard. Bus access, kiss & ride access, general parking, and handicap parking will be provided at both stations.
GrowSouth
The Dallas Area Plan is an important commitment by the City of Dallas to create development in this region. This plan establishes a future development vision and strategies for implementation.
When the plan was first implemented the key opportunities where the UNT-Dallas Campus and the DART Light Rail Service to the area. The plan has accomplished much of its purpose as both of these objectives have been accomplished.
There are now two DART stations in the area. This is huge as public transportation and walkability allows access to higher education and downtown Dallas. The addition of the UNT-Dallas Campus makes this area ripe for development.
The commitment of the City to support and spur development creates a unique opportunity to work together toward implementation of a successful development for the community, the city, and the developer.
The UNT—Dallas Area Plan
The City of Dallas and UNT have teamed up to form The UNT-Dallas Area Plan. The Plan will create a vibrant university town with a balance of jobs, housing, and recreation that serves Southeast Oak Cliff and the region and preserves the residential neighborhoods. The forwardDallas! comprehensive plan identifies the UNT-Dallas area as critically important to shape development in Dallas’ southern sector. The UNT-Dallas Area Plan establishes a future development vision and strategies for implementation.
+/-91 ac
cre subject property
Dallas overview
The D/FW Metroplex’ ideal business climate is due in part to the region’s quality of life, strong economy, low cost of living, skilled labor force, pro-business mind-set and absence of corporate and personal income taxes. The Region has added 1,600,00 residents in the last decade and is projected to grow to 10,500,000 by the year 2040. D/FW excels in passenger air travel and air cargo operations with the nation’s third busiest airport, D/FW International Airport; Dallas Love Field Airport, home to the largest domestic airline in the country; and the world’s first fully industrial airport, Fort Worth Alliance Airport.
As reported by the Dallas Economic Development department, the region ranks among the top three U.S. metropolitan areas for business expansions, relocations and employment growth. D/FW’s highly educated workforce of almost three million people is growing quickly, providing companies with an over abundance of talent. The population growth has fueled real estate development, as retailers and service providers expand to meet increasing demand.
Accessibility Every major city in the continental US can be accessed within 4 hours
Exxon Mobil
AT&T
American Airlines
Fluor
Kimberly-Clark
HollyFrontier
Energy Transfer Equity
Southwest Airlines
Tenet Healthcare
Texas Instruments
JC Penney
Dean Foods
DFW Fortune 500 Headquarters
Low housing costs On average, housing costs are 50% less than in other major met-ropolitan areas
Logistics By truck, distributors can effi-ciently reach 93 % of the pop-ulation within 48 hours
Transportation Dallas Area Rapid Transit (DART) and Trinity Railway Express (TRE) move more than 220,000 people across 700 square mile area each day
Higher education The Metroplex is home to 25 college and universities with more than 300,000 students
Sports
Home to more than 12 professional & amateur sports leagues
Entertainment
14 night life corridors with more than 2,500 restaurants
Many companies have discovered their future in DFW
#1 Best State for Future Job Growth and Economic Climate
Governor’s Cup for the state with the most new and expanded corporate facilities
CEOs Name Texas Best State for Business for 10th year in a row
Excellence in State Job Creation and Economic Development efforts
Top State for Infrastructure, Exports, Natural Gas Production and Renewable Energy
America’s Top State for Economy & Infrastructure
Whether you live in a major metro area or in a small town, Texas is a great place to do business and build a home. The state is one of the most business-friendly in the United States, with low taxes, a low cost of housing and a high quality of education. Texas is home to the largest medical center in the nation and the #2 cancer center; 3 of the most affordable cities are in Texas. Four cities rank in the top 10 big cities for home ownership; Texas’ six largest cities have a cost of living below the national average. There are few states that can match the State’s current job opportunities, growth and residential quality of life. Texas continues to reign as the nation's top ‘domestic migration destination’.
Why Texas for business?
No personal income tax
#1 Exporting US state
Home of 52 Fortune 500 companies
13M person labor force, 2nd highest in the country
Third largest share of domestic tourism
Led nation with 457,900 jobs created in 2014
Texas ranks 15th for lowest cost of living
148 colleges awarded 63,300 degrees in 2013
Top rated air, land, sea, logistics infrastructure
For additional information: For Sale ±91 Acres Master Planned Development Camp Wisdom Road at University Hills Dallas, TX
Michael Swaldi, AIA, SIOR Managing Director
214.438.6219 [email protected]
Larry McCorkle Managing Director
214.438.6216 [email protected]
Nick Hayden Associate
214.438.6488 [email protected]
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
