Downtown Monthly: Powered By 360 Plan ?

DDI Delivers?360 Plan?Progress Report – May 2023

Downtown Dallas, Inc., was invited recently to brief a City Council committee on the progress of our strategic?360 Plan?implementation for Downtown Dallas.

DDI's President & CEO Jennifer Scripps and Vice President of Planning & Policy Evan Sheets covered a wide range of topics in the organization's first briefing since the City Council approved the updated plan in 2017:

• Overview of how the original 2011 plan and 2017 update, both endorsed by the City Council, came to be
• The vision for a Complete & Connected City Center and progress updates on our three transformative strategies
• Advance urban mobility
• Build complete neighborhoods
• Promote great placemaking
• A look ahead to potential 2024 bond priorities for Downtown

The council members had overwhelmingly positive feedback for the DDI team, including praise for the 360 Plan process and implementation as a model that should be replicated throughout the City.

You can?review the complete briefing to the Transportation & Infrastructure Committee here ?and watch the briefing and discussion by clicking the image above.

NBC 5?also reported on our?360 Plan?progress ?and some of the big projects on the horizon, including the Field Street District and convention center redevelopment.

DDI thanks committee Chair Omar Narvaez, as well as Vice Chair Tennell Atkins, and Council members Adam Bazaldua, Cara Mendelsohn, Jesse Moreno, Paul Ridley, Jaynie Schultz, Gay Donnell Willis, and Chad West for attending the briefing.

DDI's State of the Downtown Market

DDI's recent State of the Market presentation,?linked here , was led by DDI's Evan Sheets and Doug Prude. They highlighted several aspects of Downtown’s growth over the past couple of years. Key data points include:

• In 2022, Downtown averaged?50,000 more employees per week?between the hours of 7 a.m. and 7 p.m. on weekdays over the same period in 2021.
• Of the nearly 10,000 apartment units in Downtown,?90% were occupied at the end of 2022.
• Downtown hotel occupancy averaged 59.6% in 2022, and continues to trend upward through the first quarter of 2023.

Dallas is seeing a stabilized market across sectors after more than two years of uncertainty.?New office trends and consumer habits have settled into a steady pattern. Downtown has proven itself to be a draw for workers and companies seeking a vibrant, amenity-rich experience seldom replicated in the region.?

? For these and all of our updated economic data, please take a few minutes to read our freshly?updated?State of the Market report .

In Other Downtown News ...

Investor, developer, and DDI member Jonas Woods?tells D CEO why he is betting big on Downtown Dallas. The founder and CEO of Woods Capital, a DDI Board of Governors member company, is bringing luxury residential, hotels, and a renewed sense of vibrancy to Dallas' urban core through his work at Santander Tower, Bryan Tower, Comerica Bank Tower, and the planned Field Street District.?

Dallas City Council members listed public safety and economic growth as top priorities during a retreat and "vision alignment" meeting held at Thanks-Giving Square in Downtown recently,?KERA?reports .

The Purse Building, located in West End, is available for purchase,?says Steve Brown of?The Dallas Morning New s.

DDI Members In The News

--?Tangram Interiors?is taking 12,000 square feet in a new East Quarter high-rise that will serve as its regional headquarters,?The Dallas Morning News reports . The 20-story 300 S. Pearl tower was built by?Todd Interests.

-- The?Dallas Museum of Art?has named six finalists in its international design competition,?Architect Magazine?reports .

--?Hillwood Urban?will be the developer for the regional campus of?Goldman Sachs?on land owned by?Hunt Realty Investments, which is spearheading the campus project just north of Downtown,?according to the?Dallas Business Journal.

--?Dallas Symphony Orchestra?President and CEO Kim Noltemy is aiming to build a "21st-century orchestra" that is as much a part of the community as the Dallas Cowboys or other sports teams,?D CEO?writes .

-- Visionary developer Lucy Billingsley, leader of?Billingsley Company, shares kernels of wisdom in?an interview commemorating her receipt of the Lifetime Achievement Award ?for the?Dallas Business Journal's?Best Real Estate Deals program.

*Bold = DDI member organizations

May 1967: Plans For Downtown Dallas

This May 1967?WFAA?report details big plans for Downtown Dallas. Some ideas, like a new City Hall, came to fruition. Others, like former Dallas Cowboys owner Clint Murchison's call for a Downtown football stadium, never materialized.

? Want to be featured??Share your memories of Downtown and DDI on social media with #DDI65 .