Dallas is experiencing a wave of major real estate developments, with several high-value projects breaking ground or moving forward across the city. The new construction includes a multi-million dollar Porsche dealership near Love Field, a massive industrial facility in North Fort Worth, and a luxury hotel and residential tower planned for Uptown.
These projects represent hundreds of millions of dollars in new investment, signaling continued confidence in the Dallas-Fort Worth area's economic growth and its appeal for both commercial and luxury development.
Key Takeaways
- Park Place Dealerships has started construction on a new $26.7 million Porsche facility on Lemmon Avenue.
- In North Fort Worth, Hillwood is building a 1.2-million-square-foot industrial building with a private bridge to a BNSF rail hub.
- A proposed $200 million luxury hotel and residential tower in Uptown is awaiting a key city council decision.
- The 23Springs office tower in Uptown has reached 74% occupancy with the addition of several new tenants.
Luxury Automotive Hub Takes Shape Near Love Field
Construction has officially begun on a state-of-the-art Porsche dealership on Lemmon Avenue. The project is being managed by Park Place Dealerships, part of the Georgia-based Asbury Automotive Group, which acquired approximately 15 acres for the development.
The site, located at 6000 Lemmon Ave., was previously owned by aerospace company RTX. Real estate professionals estimate the land's value is between $55 million and $70 million.
According to state filings, the estimated construction cost for the Porsche dealership alone is $26.7 million. Alongside the new dealership, an expanded service facility for Volvo is also under construction. The company's existing Volvo dealership has been undergoing renovations for the past eight months.
A Strategic Investment
The development aims to create a premier destination for luxury car buyers and owners in Dallas. Both the Porsche dealership and the Volvo service center are scheduled for completion in 2027.
David Hult, president and CEO of Asbury, stated that the goal is to enhance the customer experience for both brands. "We believe that these projects allow us to elevate the experience for both Porsche and Volvo clients in a meaningful way," Hult said. He added that the new facility is expected to be "one of the premier Porsche dealerships in the country."
Massive Industrial Complex Rises in North Fort Worth
In the industrial sector, developer Hillwood has announced the construction of Alliance Westport 12, a sprawling 1.2-million-square-foot industrial building within its AllianceTexas development. The project underscores the region's status as a critical logistics hub.
Construction is set to begin this month, with an estimated cost of nearly $47.7 million. The building is expected to be completed in the first quarter of 2027.
Connecting to a National Rail Network
A key feature of the project is its integration into the newly established Alliance Logistics District. The building will be directly connected to BNSF’s Alliance Intermodal Facility via a private bridge, also slated for completion in 2027. This direct link is designed to streamline the movement of goods from rail to warehouse.
Data shows that Far North Fort Worth currently has the largest industrial construction pipeline of any submarket in the United States, highlighting the immense demand for logistics and distribution space in the area.
The project is a collaborative effort, with GSR Andrade Architects handling the design and Hillwood Construction Services serving as the general contractor. Financing is being provided by Bank of America.
Uptown Poised for New Luxury High-Rise
A proposal for a new luxury tower in Uptown is set to go before the Dallas City Council. Developer and restaurateur Robert Colombo is seeking a rezoning approval for the Monclaire Hotel and Residences, a planned 23-story tower at 2516 Maple Ave.
The project, with an estimated total investment of $200 million to $250 million, requires a height variance from current zoning regulations. The city's planning commission has already recommended approval for the project.
The proposed tower will feature a mix of exclusive offerings:
- Approximately 12 to 15 private residences
- 65 luxury hotel rooms and suites
- A full-service spa
- On-site restaurants
- A small banquet facility
If the council approves the rezoning, Colombo anticipates that construction could begin as early as May 2027, with a target opening date in the spring of 2030.
Uptown's Tallest Tower Nears Full Occupancy
Meanwhile, Uptown's tallest office building, 23Springs, continues to attract high-profile tenants, bringing its leasing level to 74%. The 26-story, 642,000-square-foot tower has recently secured three new leases.
Financial services firm UBS will occupy more than 26,000 square feet. Joining them is Stonelake Capital Partners, which signed a lease for roughly 16,000 square feet on the ninth floor. An unnamed real estate firm has also leased over 22,000 square feet and is expected to move in during the third quarter of 2026.
Developed by Granite Properties and Highwoods Properties, 23Springs is a Class AA office project that also includes two freestanding restaurant buildings and a half-acre public park, contributing to the walkability and amenities of the Uptown district.
