“I can’t remember a time since the early 1980s that we had a bigger year for downtown Dallas,” said John Crawford, president and chief executive of DowntownDallas, the central business district economic development organization. “And back then, it was purely a commercial district – very one-dimensional.
“Today, we have new commercial, residential, retail, entertainment and big cultural components.”
Indeed, it is that diversity that is driving downtown’s renewal.
“Downtown is the one part of town everyone can get to on public transit,” said Jon Altschuler, Stream Realty Partners president and partner. “It’s amazing to look at the momentum that’s being created downtown and the relocations.”
During the last year, relocating companies have added almost 6,000 workers downtown and gobbled up more than 1 million square feet of empty office space.