Jefferson Center In Richardson

Irving-based apartment developer JPI has completed its new 360-home apartment community in Richardson.

The new 30-acre apartment community, named Jefferson Center, gives residents a resort-style pool, two clubrooms, a coffee bar, grilling and cabana areas, beach volleyball courts, a dog park, playgrounds, and event lawn with an outdoor movie theater.

The one-, two- and three-bedroom homes range from 650 square feet to 1,500 square feet of space.

Heritage Creekside In Plano

A conceptual drawing of Heritage Creekside, which will be a massive mixed-use development built by Rosewood Property Co.

A Dallas-based development firm Rosewood Property Co. is moving forward with construction a massive 156-acre mixed-use development near North Central Expressway and the President George Bush Turnpike in Plano, which will include a corporate campus.

The project, called Heritage Creekside, will include up to 1,300 apartment homes, several hundred townhomes and single-family homes, as well as retail space and a corporate campus totaling up to 2.5 million square feet of space. Construction is ready to get underway after the group received approval from the city's planning and zoning commission on Monday.

The president of the firm, Bill, Flaherty, believes that the market demand and the market forces will allow this to go forward immediately and to succeed.

One Haggard Place In Plano

The developer behind One Haggard Place has the go-ahead to move forward on the luxury residential tower, which is part of a larger mixed-use development.

Plano’s planning and zoning commission unanimously approved an 8-acre special-use permit that includes the 20-story, 484,000-square-foot high-rise. The project at W. Spring Creek Parkway at Parkwood Boulevard is estimated to bring $140 million to the tax rolls of the city of Plano, Plano Independent School District and Collin County.

Condos ranging from 1,420 square feet to 4,800 square feet with one to three bedrooms. Penthouses are planned that can be configured from 8,000 square feet to 16,000 square feet of living space.

The CEO, John Richardson, expects that there is high demand for high-rise living outside of downtown Dallas from residents looking to downsize their suburban homes.

Virginia investor buys 10 DFW apartment properties; plans millions in upgrades

In total, the real estate investment firm purchased 12 properties totaling 3,100 apartments in Dallas and Houston. The deal is the largest in its company's history. Terms were undisclosed.

Harbor Group plans to invest another $10 million upgrading the interior apartments, enhance amenities for tenants and improve curb appeal.

The deal was part of Harbor Group's strategic plan to expand its investment and operational presence in major Texas markets, President T. Richard Litton Jr. said.

Wade Park project in Frisco

The developer behind Wade Park — a massive mixed-use development in Frisco — has expanded the project's plans by 65 acres, bringing more office space to the growing city.

Georgia-based developer Thomas Land & Development LLC started on Wade Park in a groundbreaking ceremony Wednesday morning on the 175-acre mixed-used development at the Dallas North Tollway and Lebanon Road. The project seemingly ballooned overnight from its original 110-acre design.

With the acquisition of the additional land beyond the original acreage, the development will be able to eventually expand to 175 acres to increase the office space planned for the site, said Stan Thomas, president and CEO of Thomas Land & Development.

Thomas also plans to develop 1,300 apartments, 50 condominiums and 127 single-family homes with luxury amenities and concierge services.

To date, Frisco doesn't have a live-work-play center like this one in the city, and Wade Park will help launch the next phase of Frisco, said Tony Felker, president and CEO of the Frisco Chamber of Commerce. The initial phase of Wade Park is scheduled to open in spring 2016.

Indoor Ski Slope In Dallas

Dallas

Investors in The Grand Alps Resort DFW plan to build a $398 million, 1,900-foot-long indoor ski slope on 58 acres in the Dallas suburb of Grand Prairie by 2018. The investment group has raised $100 million through the State Department’s EB-5 program, through which qualified investors can receive visas for investing in projects that create jobs in the U.S. The project received $68 million from private-equity investors and another $35 million from Grand Alps itself, which is also building indoor ski resorts in Brazil, Malaysia, and China.                                                   

This is an amazing idea for me and whoever loves skiing or snowboarding around DFW area. Every winter I have to drive all the way up to New Mexico or Colorado. After the construction finished in 2018, I can enjoy snowboarding all the seasons and do not have to make 12 hours long drive to get ski slopes. The city of Grand Prairie made a good decision, and I believe it will bring good revenue to the city and the community.

BLOG ASSIGNMENT #2 Task #3:

Public Restrictions on Real Estate

Public restrictions on real estate arise from governments’ powers. Public restrictions include taxation, eminent domain, police power, and escheat. Taxations is the government levies both property and income taxes. Eminent domain is a government can acquire property for a public use, even if the owner does not want to sell, as long as the owner receives just compensation. Police power is governments’ power of regulation, which gives them the ability to protect the public health, safety morals, and general welfare.

Provide one real life example from an article or video of a dispute or news event related to a “Public Restriction on Real Estate”

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