Home Depot Breaks Ground on Distribution Center; Hall Arts Center’s Future Still Unclear
- Nov 13, 2011
Three years after it was first slated for construction, Home Depot has broken ground on a 1.2 million-square-foot distribution center in South Dallas, expanding on an existing 531,000-square-foot facility.
The $20 million distribution facility, which is expected to be completed in 2012, will be developed by Trammell Crow Co., according to the Dallas Business Journal. The expansion is expected to bring 250 distribution jobs to South Dallas.
Home Depot’s presence in Dallas, since 2007 when the company leased the space from the facility developer, is important for the city, and Home Depot will receive a large series of incentives from local institutions, including the city, which granted approximately $4 million in property tax abatements for 10 years. Additionally, incentives worth $2 million were offered by Dallas County and the DeSoto Economic Development Corp. A Trammell Crow affiliate also received $2.5 million in incentives to improve the site infrastructure and the road.
Meanwhile, things are still unclear regarding the Hall Arts Center, a 500,000-square-foot office tower worth $160 million in the Arts District. The Dallas City Council is expected to vote on the developer’s request to create a subdistrict within the Arts District. This is the only way building signage would be allowed, considered crucial for attracting major tenants to the 17-story office tower.
If the city council votes in favor of Hall’s request, the project could begin at the beginning of the next year. Developer Craig Hall considers that Dallas is competing on a world stage and needs more office developments like this one, according to the Dallas Business Journal.
Photo credits: http://hksinc.com