˙ˆˇ˘ ˝ ˆ ˜˚˛˝ urban cores · dallas convention center, omni dallas hotel, and sheraton...

1
DALLAS ECONOMIC DEVELOPMENT GUIDE 2019 188 URBAN CORES Downtown Dallas is home to many of the city’s most prestigious companies and a center for commerce in North Texas. Bounded along and near Interstates 35E and 30, North Central Expressway, and Woodall Rodgers Freeway, it offers easy transportation access to the rest of the region. Downtown Dallas is home to the headquarters for Comerica, AT&T, ACTIVE Network, and Energy Future Holdings. It also is home to the city’s largest law firms and major offices for Ernst & Young, KPMG, and PricewaterhouseCoopers. Dallas City Hall and the Dallas County Court buildings are downtown, as is the Dallas Area Rapid Transit headquarters building. Downtown Dallas boasts several large hotels and meeting facilities including the Dallas Convention Center, Omni Dallas Hotel, and Sheraton Dallas Hotel. The area also is home to the Dallas Arts District—a 19-block zone that includes the city’s most prestigious arts venues, among them the AT&T Performing Arts Center. Urban centers have become destinations for residential neighborhoods, and Dallas is no different. Dallas’ downtown districts offer something for everyone, from Deep Ellum’s historic buildings and eclectic entertainment to The Cedars’ creative office and living spaces to the West End’s burgeoning innovation district. And with new and redeveloped condominium and apartment buildings, the Uptown neighborhood in the urban core is a vibrant area during daylight hours and after dark, attracting a diverse group of new residents. The location teems with restaurants, fashionable retail stores, and bars linked by the McKinney Avenue Trolley. Uptown’s Victory Park development is home to the American Airlines Center (AAC). The AAC hosts Dallas Mavericks basketball, Dallas Stars hockey, and plenty of high-level concerts and performances. Also in Victory Park are high- rise office and luxury residential towers. Dallas also is the home to major educational institutions such as UT Southwestern Medical Center, Southern Methodist University, and the Dallas campus of the University of North Texas. Downtown Fort Worth is bordered by Interstate 30 and Interstate 35W, offering easy north-south and east-west access to the region. The urban core is home to several of the city’s largest firms, including Americredit, Texas Pacific Group, and XTO Energy. Fort Worth’s Sundance Square offers retail, restaurants, and nightlife. Fort Worth’s premier performing arts venue, the Nancy Lee and Perry R. Bass Performance Hall, hosts the Fort Worth Symphony Orchestra, the Texas Ballet Theater, Fort Worth Opera, and the Van Cliburn International Piano Competition. SAMPLE OF HEADQUARTERS IN THE FORT WORTH URBAN CORE Basic Energy Services LP Bass Enterprises Production Co Ben E Keith Co Cantey Hanger LLP Cash America International Inc First American Payment Systems LP Fort Worth Star-Telegram Inc Frost Bank FTS International Inc Fuzzy’s Taco Holdings LLC GM Financial Hallmark Financial Services Inc Kelly Hart & Hallman LLP Pier 1 Imports Inc PlainsCapital Bank Range Resources Corp 1/2 mile N 35W 35W 30 30 287 199 121 West Fork Trinity River West Fork Trinity River Clear Fork Trinity River Main Houston Throckmorton Commerce Calhoun Jones Lancaster 5th 7th 10th Texas Vickery 9th 6th 1st 2nd 3rd 4th Belknap Weatherford Fort Worth City Hall Fort Worth Convention Center Fort Worth Water Gardens FORT WORTH CENTRAL BUSINESS DISTRICT FORT WORTH 2018 2023 Population 39,735 49,716 Households 26,000 32,219 Average Household Size 1.49 1.51 Median Age 33.9 34.4 Median Household Income $84,920 $98,516 Average Household Income $120,328 $133,407 Per Capita Income $79,836 $87,378 2018 2023 Population 6,400 8,073 Households 2,630 3,571 Average Household Size 1.64 1.68 Median Age 36.6 35.5 Median Household Income $55,650 $64,315 Average Household Income $91,444 $102,640 Per Capita Income $46,069 $52,090 HOUSEHOLD EXPENDITURES (Average annual amount spent) 2018 TOTAL EXPENDITURES $102,861 Food $12,839 Housing $32,780 Apparel and Services $3,384 Transportation $11,534 Travel $2,965 Healthcare $7,026 Entertainment and Recreation $4,471 Personal Care Products/Services $1,214 Education $2,223 HOUSEHOLD EXPENDITURES (Average annual amount spent) 2018 TOTAL EXPENDITURES $78,806 Food $9,879 Housing $25,178 Apparel and Services $2,573 Transportation $8,928 Travel $2,228 Healthcare $5,487 Entertainment and Recreation $3,431 Personal Care Products/Services $927 Education $1,681 DALLAS CBD BY THE NUMBERS FORT WORTH CBD BY THE NUMBERS SOURCE: ESRI forecasts based on 2015 and 2016 Consumer Expenditure Surveys, BLS 2019 DALLAS ECONOMIC DEVELOPMENT GUIDE AROUND THE REGION | URBAN CORES SAMPLE OF HEADQUARTERS IN THE DALLAS URBAN CORE ACTIVE Network LLC AH Belo Corp AT&T Inc Baylor Scott & White Health Builders FirstSource Inc Comerica Bank Comparex USA Inc Corgan Associates Inc Federal Reserve Bank of Dallas Harwood International Inc HKS Inc HollyFrontier Corp Hunt Oil Co Jacobs Engineering MoneyGram International Inc Neiman Marcus Inc Omnitracs LLC Oncor Electric Delivery Co ORIX USA Corp Santander Consumer USA Inc Stream Realty Partners LP Team Envy Tenet Healthcare Corp The Beck Group Thompson & Knight LLP 1/2 mile N 35E 35E 30 45 30 75 Trinity River Riverfront Riverfront Dallas City Hall Dallas Convention Center Houston Market Record Griffin Lamar Pacific Main Elm Bryan Ross Flora Cesar Chavez San Jacinto Commerce Commerce Jackson Wood Young Marilla Woodall Rodgers McKinney Cedar Springs Continental Pearl Harwood St. Paul Ervay Akard Good-Latimer DALLAS CENTRAL BUSINESS DISTRICT UPTOWN DISTRICT DALLAS EDUCATIONAL ATTAINMENT (Population 25+) 2018 TOTAL 34,343 Less Than 9th Grade 0.8% 9th-12th Grade, No Diploma 1.0% High School Graduate 5.5% GED/Alternative Credential 1.1% Some College, No Degree 9.8% Associate Degree 3.9% Bachelor’s Degree 46.3% Graduate/Professional Degree 31.6% EDUCATIONAL ATTAINMENT (Population 25+) 2018 TOTAL 5,112 Less Than 9th Grade 3.8% 9th-12th Grade, No Diploma 8.3% High School Graduate 10.6% GED/Alternative Credential 7.6% Some College, No Degree 15.0% Associate Degree 7.1% Bachelor’s Degree 26.2% Graduate/Professional Degree 21.4% RACE AND ETHNICITY 2018 PERCENT 2023 PERCENT White Alone 29,714 74.8% 35,149 70.7% Black Alone 4,989 12.6% 7,062 14.2% American Indian Alone 207 0.5% 270 0.5% Asian Alone 2,519 6.3% 3,859 7.8% Pacific Islander Alone 36 0.1% 55 0.1% Some Other Race Alone 1,165 2.9% 1,685 3.4% Two or More Races 1,105 2.8% 1,635 3.3% Hispanic Origin (Any Race) 5,064 12.7% 7,441 15.0% RACE AND ETHNICITY 2018 PERCENT 2023 PERCENT White Alone 4,181 65.3% 5,057 62.6% Black Alone 1,523 23.8% 1,971 24.4% American Indian Alone 23 0.4% 29 0.4% Asian Alone 116 1.8% 171 2.1% Pacific Islander Alone 5 0.1% 8 0.1% Some Other Race Alone 429 6.7% 671 8.3% Two or More Races 122 1.9% 166 2.1% Hispanic Origin (Any Race) 1,370 21.4% 2,054 25.4% 189

Upload: others

Post on 03-Sep-2019

1 views

Category:

Documents


0 download

TRANSCRIPT

D A L L A S ECONOMIC DEVELOPMENT G U I D E 2 0 1 91 8 8

Denton

McKinney

Anna

Ennis

Midlothian

Waxahachie

Cleburne

Prosper

Burleson

Celina

Corsicana

MineralWells

Granbury

Red Oak

Melissa

Cresson

Sanger

Joshua

Ovilla

Mildred

Alma

Stephenville

Decatur

Mabank

Weston

Ferris

Eureka

Princeton

Commerce

Bridgeport

Retreat

AlvaradoKeene

Rice

Dublin

Cross Roads

Angus

Italy

Krum

Kemp

Milford

Cool

Palmer

Pilot Point

Kerens

Venus

Rosser

PecanPlantation CDP

Scurry

Aubrey

Oak Leaf

Glen Rose

Powell

Godley

Frost

Tolar

Alvord

Chico

Pecan Hill

Millsap

Lipan

Oak Valley

Oak Grove

Cottonwood

Grandview

Wolfe City

Celeste

New Hope

Blue Ridge

Gordon

Goodlow

Oak TrailShores CDP

Krugerville

Rio Vista

Briaroaks

Cross TimberGrays Prairie

Garrett

Graford

Maypearl

Navarro

Barry

De Cordova Bend

Blooming Grove

Bardwell

Emhouse

LakeBridgeport

Neylandville

Mustang

Sherman

Gainesville

URBAN CORESDowntown Dallas is home to many of the city’s most prestigious companies and a center for commerce in North Texas. Bounded along and near Interstates 35E and 30, North Central Expressway, and Woodall Rodgers Freeway, it off ers easy transportation access to the rest of the region. Downtown Dallas is home to the headquarters for Comerica, AT&T, ACTIVE Network, and Energy Future Holdings. It also is home to the city’s largest law fi rms and major offi ces for Ernst & Young, KPMG, and PricewaterhouseCoopers.

Dallas City Hall and the Dallas County Court buildings are downtown, as is the Dallas Area Rapid Transit headquarters building.

Downtown Dallas boasts several large hotels and meeting facilities including the Dallas Convention Center, Omni Dallas Hotel, and Sheraton Dallas Hotel. The area also is home to the Dallas Arts District—a 19-block zone that includes the city’s most prestigious arts venues, among them the AT&T Performing Arts Center.

Urban centers have become destinations for residential neighborhoods, and Dallas is no diff erent. Dallas’ downtown districts off er something for everyone, from Deep Ellum’s historic buildings and eclectic entertainment to The Cedars’ creative offi ce and living spaces to the West End’s burgeoning innovation district. And with new and redeveloped condominium and apartment buildings, the Uptown neighborhood in the urban core is a vibrant area during daylight hours and after dark, attracting a diverse group of new residents. The location teems with restaurants, fashionable retail stores, and bars linked by the McKinney Avenue Trolley.

Uptown’s Victory Park development is home to the American Airlines Center (AAC). The AAC hosts Dallas Mavericks basketball, Dallas Stars hockey, and plenty of high-level concerts and performances. Also in Victory Park are high-rise offi ce and luxury residential towers.

Dallas also is the home to major educational institutions such as UT Southwestern Medical Center, Southern Methodist University, and the Dallas campus of the University of North Texas.

Downtown Fort Worth is bordered by Interstate 30 and Interstate 35W, off ering easy north-south and east-west access to the region. The urban core is home to several of the city’s largest fi rms, including Americredit, Texas Pacifi c Group, and XTO Energy.

Fort Worth’s Sundance Square off ers retail, restaurants, and nightlife. Fort Worth’s premier performing arts venue, the Nancy Lee and Perry R. Bass Performance Hall, hosts the Fort Worth Symphony Orchestra, the Texas Ballet Theater, Fort Worth Opera, and the Van Cliburn International Piano Competition.

SAMPLE OF HE ADQUART ERS IN T HE FORT WORT H URBAN CORE

Basic Energy Services LPBass Enterprises Production CoBen E Keith CoCantey Hanger LLPCash America International Inc

First American Payment Systems LPFort Worth Star-Telegram IncFrost BankFTS International IncFuzzy’s Taco Holdings LLC

GM FinancialHallmark Financial Services IncKelly Hart & Hallman LLPPier 1 Imports IncPlainsCapital BankRange Resources Corp

1/2 mile

N

35E

35E

30

45

30

75

Trinity River

Riverfront

Riverfront

DallasCity Hall

DallasConventionCenter

HoustonM

arket

Record

Griffin

Lamar

Pacific

Main

Elm

Bryan

RossFlora

Cesar ChavezSan Jacinto

Commerce

Commerce

Jackson Wood

Young Marilla

Woodall Rodgers

McK

inne

y

Cedar Springs

Continental

PearlHarwood

St. PaulErvayAkard

Good-Latimer

DALLASCENTRAL BUSINESS

DISTRICT

1/2 mile

N

35W

35W

30

30

287

199

121

West Fork Trinity River

West Fork Trinity River

Clea

r For

k Trin

ity R

iver

Main

HoustonThrockm

orton

Comm

erceCalhoun

Jones

Lancaster

5th7th

10thTexas

Vickery

9th

6th

1st 2nd3rd

4th

Belknap

Weatherford

Fort WorthCity Hall

Fort WorthConventionCenter

Fort WorthWaterGardens

FORT WORTHCENTRAL BUSINESSDISTRICT

UPTOWNDISTRICT

FORT WORTH

2018 2023

Population 39,735 49,716

Households 26,000 32,219

Average Household Size 1.49 1.51

Median Age 33.9 34.4

Median Household Income $84,920 $98,516

Average Household Income $120,328 $133,407

Per Capita Income $79,836 $87,378

2018 2023

Population 6,400 8,073

Households 2,630 3,571

Average Household Size 1.64 1.68

Median Age 36.6 35.5

Median Household Income $55,650 $64,315

Average Household Income $91,444 $102,640

Per Capita Income $46,069 $52,090

HOUSEHOLD EXPENDITURES(Average annual amount spent) 2018

TOTAL EXPENDITURES $102,861

Food $12,839

Housing $32,780

Apparel and Services $3,384

Transportation $11,534

Travel $2,965

Healthcare $7,026

Entertainment and Recreation $4,471

Personal Care Products/Services $1,214

Education $2,223

HOUSEHOLD EXPENDITURES(Average annual amount spent) 2018

TOTAL EXPENDITURES $78,806

Food $9,879

Housing $25,178

Apparel and Services $2,573

Transportation $8,928

Travel $2,228

Healthcare $5,487

Entertainment and Recreation $3,431

Personal Care Products/Services $927

Education $1,681

DALLAS CBD BY THE NUMBERS

FORT WORTH CBD BY THE NUMBERS

SOURCE: ESRI forecasts based on 2015 and 2016 Consumer Expenditure Surveys, BLS 2 0 1 9 D A L L A S ECONOMIC DEVELOPMENT G U I D E 1 8 9

Denton

McKinney

Anna

Ennis

Midlothian

Waxahachie

Cleburne

Prosper

Burleson

Celina

Corsicana

MineralWells

Granbury

Red Oak

Melissa

Cresson

Sanger

Joshua

Ovilla

Mildred

Alma

Stephenville

Decatur

Mabank

Weston

Ferris

Eureka

Princeton

Commerce

Bridgeport

Retreat

AlvaradoKeene

Rice

Dublin

Cross Roads

Angus

Italy

Krum

Kemp

Milford

Cool

Palmer

Pilot Point

Kerens

Venus

Rosser

PecanPlantation CDP

Scurry

Aubrey

Oak Leaf

Glen Rose

Powell

Godley

Frost

Tolar

Alvord

Chico

Pecan Hill

Millsap

Lipan

Oak Valley

Oak Grove

Cottonwood

Grandview

Wolfe City

Celeste

New Hope

Blue Ridge

Gordon

Goodlow

Oak TrailShores CDP

Krugerville

Rio Vista

Briaroaks

Cross TimberGrays Prairie

Garrett

Graford

Maypearl

Navarro

Barry

De Cordova Bend

Blooming Grove

Bardwell

Emhouse

LakeBridgeport

Neylandville

Mustang

Sherman

Gainesville

AROUND THE REGION | 

URBAN CORES

SAMPLE OF HE ADQUART ERS IN T HE DALL AS URBAN CORE

ACTIVE Network LLCAH Belo CorpAT&T IncBaylor Scott & White HealthBuilders FirstSource Inc

Comerica BankComparex USA IncCorgan Associates IncFederal Reserve Bank of DallasHarwood International Inc

HKS IncHollyFrontier CorpHunt Oil CoJacobs Engineering MoneyGram International Inc

Neiman Marcus IncOmnitracs LLCOncor Electric Delivery CoORIX USA CorpSantander Consumer USA Inc

Stream Realty Partners LPTeam EnvyTenet Healthcare CorpThe Beck GroupThompson & Knight LLP

1/2 mile

N

35E

35E

30

45

30

75

Trinity River

Riverfront

Riverfront

DallasCity Hall

DallasConventionCenter

HoustonM

arket

Record

Griffin

Lamar

Pacific

Main

Elm

Bryan

RossFlora

Cesar Chavez

San Jacinto

Commerce

Commerce

Jackson Wood

Young Marilla

Woodall Rodgers

McK

inne

y

Cedar Springs

Continental

PearlHarwood

St. PaulErvayAkard

Good-Latimer

DALLASCENTRAL BUSINESS

DISTRICT

1/2 mile

N

35W

35W

30

30

287

199

121

West Fork Trinity River

West Fork Trinity River

Clea

r For

k Trin

ity R

iver

Main

HoustonThrockm

orton

Comm

erceCalhoun

Jones

Lancaster

5th7th

10thTexas

Vickery

9th

6th

1st 2nd3rd

4th

Belknap

Weatherford

Fort WorthCity Hall

Fort WorthConventionCenter

Fort WorthWaterGardens

FORT WORTHCENTRAL BUSINESSDISTRICT

UPTOWNDISTRICT

DALLAS

EDUCATIONAL ATTAINMENT(Population 25+)

2018

TOTAL 34,343

Less Than 9th Grade 0.8%

9th-12th Grade, No Diploma 1.0%

High School Graduate 5.5%

GED/Alternative Credential 1.1%

Some College, No Degree 9.8%

Associate Degree 3.9%

Bachelor’s Degree 46.3%

Graduate/Professional Degree 31.6%

EDUCATIONAL ATTAINMENT(Population 25+)

2018

TOTAL 5,112

Less Than 9th Grade 3.8%

9th-12th Grade, No Diploma 8.3%

High School Graduate 10.6%

GED/Alternative Credential 7.6%

Some College, No Degree 15.0%

Associate Degree 7.1%

Bachelor’s Degree 26.2%

Graduate/Professional Degree 21.4%

RACE ANDETHNICITY 2018 PERCENT 2023 PERCENT

White Alone 29,714 74.8% 35,149 70.7%

Black Alone 4,989 12.6% 7,062 14.2%

American Indian Alone 207 0.5% 270 0.5%

Asian Alone 2,519 6.3% 3,859 7.8%

Pacifi c Islander Alone 36 0.1% 55 0.1%

Some Other Race Alone 1,165 2.9% 1,685 3.4%

Two or More Races 1,105 2.8% 1,635 3.3%

Hispanic Origin (Any Race) 5,064 12.7% 7,441 15.0%

RACE ANDETHNICITY 2018 PERCENT 2023 PERCENT

White Alone 4,181 65.3% 5,057 62.6%

Black Alone 1,523 23.8% 1,971 24.4%

American Indian Alone 23 0.4% 29 0.4%

Asian Alone 116 1.8% 171 2.1%

Pacifi c Islander Alone 5 0.1% 8 0.1%

Some Other Race Alone 429 6.7% 671 8.3%

Two or More Races 122 1.9% 166 2.1%

Hispanic Origin (Any Race) 1,370 21.4% 2,054 25.4%

1 8 9