Marquee 2012 Developments Have Downtown Dallas Poised For Growth

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Downtown Dallas experienced unprecedented progress in 2012 with the completion of several marquee  projects, as well as important under-the-radar residential developments that have the city poised for more growth, business and city leaders agreed on the Sunday, March 10, broadcast of the KRLD “Pulse of the City” radio roundtable, sponsored by Munck Wilson Mandala and Downtown Dallas Inc.

In addition to 2012 completions of a signature Calatrava-designed bridge, the opening of the Perot Museum of Science & Nature, the City Performance Hall, and the Klyde Warren Park spanning the Woodall Rogers Freeway, millions of square feet of aging office buildings are being quietly transformed into hotel and residential space.

The steady progress can be seen in the numbers: less than 200 people lived in the Dallas Central Business District in 1996 compared to more than 5,000 today. Meanwhile, more than 40,000 live in the districts immediately surrounding downtown.

The most recent “Pulse of the City” radio roundtable included highlights of a panel discussion from Downtown Dallas Inc.’s 2013 annual meeting that included AT&T Senior Vice President Ronald Spears, Baylor Health Systems Joel Allison, and Dallas Assistant City Manager Ryan Evans, in a wide-ranging conversation about the area’s 2012 successes and immediate future plans.

Mr. Evans noted that successful public-private partnerships like the recently completed Klyde Warren Park have created a willingness to embrace more ambitious projects. Projects already in the works include a public-private project to redevelop the Dallas Farmers Market, Main Street improvements and several new retail stores.

“Success breeds success, and it makes it easier for everybody to say `yes’ when we’re all excited and we believe in what’s happening,” Mr. Evans said.

Mr. Spears noted that AT&T now has more than 5,000 employees working downtown, 40 percent more than when the corporation relocated to Dallas from San Antonio five years ago. AT&T is now the largest employer in the Central Business District and has plans for another 400 to 600 to relocate to the Dallas headquarters soon.

Baylor Health Systems, which has been a downtown presence for 110 years, is in the middle of a major expansion of its campus. Baylor has invested more than $600 million since 2000, and its Dallas Health Science Center campus now has six hospitals and is considered a major medical destination.

Pulse of the City is a weekly roundtable radio program devoted to current events with a special focus on issues and opportunities associated with North Texas and Downtown Dallas.

Munck Wilson Mandala is a technology-focused law firm with offices in Dallas and Marshall, Texas, with an emphasis on patent, trade secret and other intellectual property disputes. The firm offers full-service counsel in the areas of intellectual property litigation, complex commercial litigation, intellectual property portfolio development, corporate transactions and securities, and employment law. Munck Wilson Mandala represents clients from start-ups to Fortune 50 companies. Learn more about the firm at munckwilson.com.

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