Development Activity: 4th Quarter 2016*

Similar documents
Development Activity: 3rd Quarter 2016

Development Activity: 4th Quarter 2017

Development Activity: 2nd Quarter 2018

OFFICE REPORT WINTER 2017

Scott Baumgarten Senior Associate

guadalupe 1300 guadalupe street austin, tx guadalupe.com

8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Gaining Traction Gradually in 2018

72 student housing units on ac. Campus

SUMMARY OF DEVELOPMENT ACTIVITY As of August 1, 2017

North Central Texas. Development News. 4th Quarter 2007 Volume 4 Number 4

Shopping Center Occupancy Study of the Greater Hagerstown Area

PLACE STONERIDGE 7901 STONERIDGE DRIVE / PLEASANTON, CALIFORNIA. IAN THOMAS

Prime Oakland County Site For Sale Approximately /- Acres

Pittsburgh Renovations Report

The Boulevard WPW REALTY ADVISORS F O R L E A S E West Bay Area Boulevard Webster, Texas ,660 SF Available

Quarterly Economic & Project Update 2018, Quarter 2 [April 1 June 30]

2018: The Year of Office Sales

2018: A Ground Breaking Year

Metro Phoenix Retail, Office & Industrial Recovery

Vacancy Inches Higher, Despite Continued Absorption

TERRACE HACIENDA. IAN THOMAS BRIAN LAGOMARSINO

NEW LOOK SAME GREAT EXPERIENCE

Development Update. UPDATED: September 14, Projects in Italics Denote Newly Added Projects INDUSTRIAL. Recently Finished/Nearly Complete

City of Lakewood Economic Development Update January 12, BLDG 27 Available Feb 2015

Construction Investment Cools In Lead Up To General Election

SCOTTSDALE OFFICE BUILDINGS FOR SALE AND REDEVELOPMENT FOR SALE

Homestretch: Office Market Set to Finish Strong

Major tenant contractions and impending corporate development set the stage for 2014 and beyond

SCOTTSDALE OFFICE BUILDINGS AND REDEVELOPMENT FOR SALE

FOR LEASE MISSION VALLEY OFFICE CAMINO DEL RIO N SAN DIEGO, CA FOR MORE INFORMATION:

AGENDA EXECUTIVE SESSION (CLOSED MEETING)

PLACE STONERIDGE 7901 STONERIDGE DRIVE / PLEASANTON, CALIFORNIA. IAN THOMAS

KEY TOWER SALE highlights start of 2017

COMMUNITY DEVELOPMENT REPORT

Industrial Market Report

TERRACE HACIENDA. IAN THOMAS BRIAN LAGOMARSINO

INVESTMENT SUMMARY. Holliday Fenoglio Fowler, L.P. ( HFF ) a Texas licensed real estate broker.

PLANNING AND ZONING COMMISSION MEETING CITY COUNCIL CHAMBERS 757 North Galloway Avenue January 14, :00 P.M.

Minneapolis Trends. Permitted residential conversions, remodels and additions. Permitted non-residential conversions, remodels and additions

Residential Permits Issued (listed by subdivision)

First Quarter Industrial Market Report 2017

Chapter BAC (BURLINGAME AVENUE COMMERCIAL) DISTRICT REGULATIONS

RAM. full service car lot for sale. Real Estate Asset Management S. Decatur BLVD. las vegas, nevada 89102

Manhattan New Dev. Market Report th Quarter mns.com

Linear baguettes of. terra cotta and. floor-to-ceiling glass, bridge Courthouse s. historic brick. neighborhood with. modern architectural.

Community Development

Premier, High Image, Creative Office & Medical Space

Orange Avenue Corridor Study


CITY COUNCIL STUDY SESSION MEMORANDUM

4926 Dressler Road NW in Canton, Ohio. For more information on the city of Canton, please see the expanded Location section on the following pages.

PLANNING AND ZONING COMMISSION MEETING CITY COUNCIL CHAMBERS 757 North Galloway Avenue May 29, :00 P.M.

Second Quarter Industrial Market Report 2017

CONNECTED DEVELOPMENT SERVICES

Office Market Heats Up as Temperatures Cool

Metropolitan Milwaukee Office Market Report Third Quarter 2015

Grand Pacific Center 400 E Broadway Ave. - 6th Floor - Bismarck, ND 14,700 $16.75 psf

Camino Del Rio North FOR LEASE. DEREK APPLBAUM First Vice President Lic. No

2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS

UP TO 72,250 SF OF CREATIVE OFFICE SPACE

METRO BOARD OF DIRECTORS REAL ESTATE WORKING COMMITTEE MEETING AUGUST 20, :30 PM

the metro retailwest 701 L STREET BY GOLDEN 1 ARENA SACRAMENTO, CA ARIELFOX DRE

SUNSET SHOPPING CENTER

Owned by: Tim Greiner David Stifelman

Innovative features such as bridges (3 total on this site), leak detection for the gas main crossing, acoustic berm/barrier adjacent to the railway,

25700 i-45 North, Spring, Texas 77386

53,500 RSF CLASS A INNOVATIVE WORKSPACE INNOVATION PARK OAKPOINT REAL ESTATE 1

VILLAGE PLAZA OFFERING SUMMARY LAKELAND, FL. Diverse Anchor Line-up. 89% of GLA occupied by national/regional tenants

PennTower 3100 Broadway Boulevard / Kansas City, MO

Riverstone Marketplace II

Strong Absorption Drives Down Vacancy to Start 2017

NAI REOC San Antonio San Antonio Retail Market I Third Quarter 2011

Value-Add. Contessa Townhomes INVESTMENT MULTIFAMILY OPPORTUNITY Contessa Drive, San Antonio, TX 78216

32,610 RSF CLASS A INNOVATIVE WORKSPACE

Market Dominant Grocery Anchored Community Center Serving an Expansive and Rapidly Growing Trade Area within the Tampa MSA

Nine Story, LEED Certified Class A Office Building. One Summerlin Festival Plaza Drive, Las Vegas, Nevada 89135

Impact Analysis: The Atlanta Braves new Stadium Project. March A Cushman & Wakefield Research Publication

Office Market Continues to Improve

2004 Survey of Downtown Evanston. Summary of Findings. Housing Trends Office Uses Retail, Restaurants, and Services Entertainment Uses

Introduction: Downtown Orlando Market Report Summary for Fourth Quarter 2017

The of Crystal City. MATT BUNDY (703) TOM WALSH (703)

Tulsa Development Authority Board of Commissioners Meeting Executive Director s Report. July 2017

Land Development Update

SITE PLAN LAVACA ST 12TH ST GUADALUPE ST. Garage Entrance. Restaurant Rooftop Terrace Entrance / Courtyard. Surface Parking Entrance

FOR LEASE 2,466 sf Office or Retail, next to Torchy s Tacos & Amazon Heart of Overton! ton ver th O velopmen N De

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST

LEASE SPACES AVAILABLE OFFICE/RETAIL

>> Greater Los Angeles Retail Continues to Witness Declining Vacancy

CONNECTED LIKE NO OTHER 1600 INTERNATIONAL DRIVE & 8300 GREENSBORO DRIVE TYSONS, VIRGINIA 22102

Introduction: Downtown Orlando Market Report Summary for First Quarter 2018

>> Greater Los Angeles Retail Starts 2016 On a Positive Note

STERLING PLAZA I OFFICE SPACE AVAILABLE PROPERTY FEATURES th Avenue SE Bellevue, Washington

Features. Demographics 1 mile 3 miles 5 miles. Population 9,658 31, ,048. Median Hh Income $73,972 $81,024 $75,420

EVERGREEN PLAZA FOR SALE SALE PRICE: $3,300,000 SPECTACULAR, RARE OWNER / USER OPPORTUNITY PRIME FACTORIA / I-90 LOCATION DESIRABLE ZONING

Representative Photo. offering memorandum CVS 106 VIRGIL LANE LAFOLLETTE, TN

Building Report - Detail July, 2018

MARKET INSIGHT LOUISVILLE, KENTUCKY MULTIFAMILY REPORT THIRD QUARTER 2017

STAR RANCH STATION CALL TODAY FOR MORE INFORMATION. Call for Pricing. 100% Leased! Shadow Anchored! PROPERTY HIGHLIGHTS

Evergreen PlazA CONTACT FOR SALE ODDIE BOULEVARD EL RANCHO DRIVE. Aiman Noursoultanova, CCIM Senior Vice President P

Transcription:

City of Mesquite Development Activity: 4th Quarter 2016* October 1, 2016 December 31, 2016 *Includes year-end data for 2016 compared to 2015 Office of Economic Development 1-24-2017

Development activity in the fourth quarter of 2016 has continued at a steady pace comparable to 2015, with total year to date activity remaining ahead of last year. This report summarizes the activity from October through December 2016. Projects are typically conceived and prospective ideas discussed with staff. These projects can range from informal project planning to client conversations to a formal appointment within the PAM (pre-application meeting) process. The PAM is a weekly event in which staff from all applicable development departments review the potential project. At that time, the prospect is advised how the project would move through the formal development process and informed of any other expectations, parameters and information necessary to help the process go smoothly if they choose to proceed with the project. Once the project makes application for the formal development process, it is included in the quarterly report. The project begins the formal process by applying for the appropriate permits. These projects are classified as In the Development Review Process. Plans typically require a range of reviews and permits. New development and redevelopment begin with a Site Plan Review, approving the basic concept, site layout, building footprint and elevations, and utility service connections. The site will then enter the Engineering Plan Review phase for approving the technical plans related to site and building development. Some existing buildings and developments will begin with this phase if they undergo significant changes. Finally, a Building Plan Review for approving the vertical construction or remodel is submitted for approval of a new structure or remodel of an existing building. After the appropriate permits have been issued a project may begin construction. This is referred to as the Building Permit Issued phase of the process and can range from dirt moving on a site, a building go up, or a remodel. Once construction is completed, a Certificate of Occupancy is applied for and the project undergoes any applicable final inspections. Once all inspections have passed, a Certificate of Occupancy (CO) is issued and the business may open its doors. Staff refers to this phase as Certificate of Occupancy Issued. The Business Retention category contains the visits and assistance efforts that are part of an ongoing effort to strengthen business relations in Mesquite to foster growth and expansion. The Economic Updates section presents relevant data on sales tax received and other development tracking. All information is compiled by the City of Mesquite Economic Development Division, including reports and documents provided by the City of Mesquite Planning and Development Services Department. Page 1 of 5

1. IN THE DEVELOPMENT REVIEW PROCESS a. Airport Hangar, 1370 Airport Blvd. new hangar at Mesquite Metro Airport. b. Medical Office Building, 3400 IH-30 building plans submitted for specialty medical office building at the former MOB site that was razed under the T25 program. c. Market East Phase I, 1519 Town East Blvd. new building for retail lease space. d. Market East Phase 2, Emporium Circle new building for retail lease space. e. Murphy Oil, 1807 Range Dr. demolition and rebuild new structure. f. North Beltline Plaza Phase 2, 4361 N. Belt Line Rd. new retail building. g. Living Waters Ministries, 1275 E. Kearney new 19,482 square foot church facility. h. Former Child Time Building, 1460 East Glen Blvd. plans submitted for review. i. La Michoacana, 1927 N. Galloway the store has submitted plans to build a new facility across the street from its current location which will include 10,000 square feet additional space plus offer two lease spaces of 1,000 square feet each. j. Saifee Medical Park Phase 2, 1230 N. Galloway Ave. plans submitted for a renovation of the former house into an office building and new parking lot. k. Smithfield Foods (Eckrich), 130 S. Town East Blvd. plans submitted for expansion of the parking lot and interior remodel to accommodate additional delivery vehicles. l. Town East Ford, 18301 IH-635 redevelopment of the car dealership with new showroom and car parking areas. m. Town East Mall, 2063 Town East Mall proposed plans for a 50,000 square foot anchor to be added to the north entrance of the Mall in 2017. n. UPS, 4200 Samuell Blvd. new expansion site plan under review. 2. BUILDING PERMIT ISSUED a. Towne Crossing Shopping Center, 2021 N. Town East Blvd. over 16,000 square feet of façade remodel, redesigned and upgraded, permit valuation $248,000. b. Fitness Connection,, 2021 N. Town East Blvd. Suite 700, Towne Crossing Shopping Center approximately 63,000 square foot fitness concept including smoothie bar, permit valuation $2.3 million. c. Fuel City Car Wash, 2181 S. Town East Blvd. 4,080 square foot addition to Fuel City, permit valuation $750,000. d. AMC Mesquite 30, 19919 IH-635 approximately 8,000 square foot remodel, permit valuation $400,000. e. Gatti s Pizza, 2021 N. Town East Blvd, Suite 900, Towne Crossing Shopping Center approximately 12,000 square foot pizza and family entertainment venue, permit valuation $650,000. f. Code 3 Emergency Room, 1080 E. Cartwright Rd. under construction, permit valuation $2.3 million. g. Eastfield College, 3737 Motley Dr. Bldg. C remodel, permit valuation $440,000. h. El Rio Grande Latin Market, 2106 N. Galloway Ave. remodel of existing building and expansion of deli area, permit valuation $1.3 million. Page 2 of 5

i. FedEx, 5005 Samuell Blvd. (former Big Town Mall site) 375,000 square foot logistics facility set to open summer 2017, permit valuation $27.5 million. j. FedEx, 5005 Samuell Blvd. mezzanine conveyor system, permit valuation $18 million. k. Future Dentist Office, 2110 N. Galloway Ave, Suite 104 permit valuation $275,000. l. Gateway Medical Plaza, 920 State Hwy. 352 new 6,500 square foot medical office building, permit valuation $975,000. m. Hagan Hill, IH-20 and Lawson Rd. residential subdivision, first model homes under construction and 22 lots sold to date/phase 1 is 57 lots and Phase 2 is 68 lots with pricing from the $280 s - $400 s by Bloomfield Homes. Twelve permits issued. n. H.H. Mercier, Inc., 3238 Executive Blvd. re-roof remodel, permit valuation $187,000. o. Pepsi, 4532 IH-30 - cooler and canopy additions, permit valuation $3.5 million. p. Pecan Ridge Apartments, 3236 N. Galloway Ave., Building 3200 rebuild 20 units, fire replacement, permit valuation $965,000. q. QuikTrip, 5500 S. Buckner Blvd. under construction, permit valuation $540,000. r. TownePlace by Marriott, 500 Rodeo Center Blvd. 80-suite extended stay Marriott, permit valuation $4.6 million. s. Walmart Neighborhood Market, 1951 Military Pkwy. under construction. The store is anticipated to open summer of 2017, permit valuation $2.8 million. 3. CERTIFICATE OF OCCUPANCY ISSUED (a sampling of new business activity and expansions from the total of 93 Certificates of Occupancy issued in the 4 th Quarter 2016) a. Arby s, 1821 Range Dr. b. Art of Touch Massage Therapy, 909 E. Davis, St., Suite D c. Bubba s 33, 19089 IH-635, Market Place at Towne Center d. Fuzzy s Taco Shop, 3501 Towne Crossing Blvd., Suite 200 e. Haute Heels, 1830 Range Dr., Suite 115 f. HRMD Management, 910 N. Galloway Ave., Suite 301 g. Lone Star Forklift Sales Office, 1228 W. Scyene Rd., Suite 118 h. Palomino Place, 3160 Gus Thomasson Rd. i. Villas at Vanston Park, 4520 Gus Thomasson Rd. j. Wendy s, 1800 N. Belt Line Rd. 4. BUSINESS RETENTION VISITS a. Abatix, 2400 Skyline Dr., Suite 400 b. Arby s, 1821 Range Dr. c. Blue Bell Creameries, 1123 Military Pkwy. d. Burlington Coat Factory, 1330 N. Town East Blvd. e. Eastfield College, 3737 Motley Dr. f. Hannah s Gluten Free Bakery, 1830 Range Dr., Suite 102 Page 3 of 5

g. IntegraColor, 3210 Innovative Way h. Iris USA, 3401 Innovative Way i. Mesquite Independent School District, 405 E. Davis St. j. Mesquite Symphony, 1527 N. Galloway Ave. k. Norkol, 3402 Innovative Way l. Strukmyer Medical, 1801 Big Town, Suite 100 m. The Gathering at Corner Theater, 214 W. Davis St. n. Williams Paint and Body, 924 Military Pkwy. o. Workforce Solutions Greater Dallas, 2110 N. Galloway Ave. 5. ECONOMIC UPDATE: Highlights for year end 2016 include: New commercial permits remained the same in quantity, however, increased in value by 200% from $21 million to $44 million. Commercial remodel permits were close to the same in quantity, however, increased in value by 250% from $17 million to $41 million. Residential permits increased by 30%, however, increased in value by more than 50% from an average permit value per residence of $127,304 in 2015 to $199,135 in 2016. Total permits in all categories increased 10%, however the value of the permits increased more than 200% from $79 million in 2015 to $190 million in 2016. Total new jobs created by 2016 projects is estimated at 1,212. See next page for data table. Page 4 of 5

4TH QUARTER YEAR END SALES TAX DATA 2015 2016 2015 2016 LOCAL SALES TAX COLLECTED $7,657,868 $7,980,055 $30,926,384 $32,351,981 4TH QUARTER YEAR END PERMIT DATA 2015 2016 2015 2016 New permits 3 1 15 15 New permit valuation $5,125,000 $540,000 $21,497,810 $44,123,500 Remodel/Addition permits 47 43 165 162 Remodel/Addition permits valuation $5,101,908 $26,512,866 $17,182,801 $41,270,502 RESIDENTIAL: New permits 6 18 27 35 RESIDENTIAL: New permit valuation $702,108 $4,796,437 $3,437,217 $6,969,737 MISD/SCHOOL: New and Remodel/ Addition permits 3 15 42 47 MISD/SCHOOL: New and Remodel/ Addition permit valuation $29,405 $405,800 $26,076,445 $82,805,154 4TH QUARTER YEAR END PERMIT TOTALS 2015 2016 2015 2016 BUILDING PERMITS: All types issued 419 611 2369 2694 BUILDING PERMITS: All types valuation $11,864,678 $36,120,802 $79,373,239 $190,774,606 CERTIFICATES OF OCCUPANCY: Issued 121 93 310 290 SQUARE FOOTAGE: New (estimate) 0 10,000 139,000 545,938 JOBS: New (estimate) 70 235 320 1212 Page 5 of 5