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    Ranking It

    Where is it great to be a first-time homebuyer? All over North Texas.

    Alex Bentley
    Jul 21, 2015 | 9:02 am

    As anyone looking for a house in Dallas-Fort Worth right now can tell you, the real estate market here is red hot. And according to a new study by WalletHub, the suburbs surrounding Dallas are some of the best cities in the country for first-time buyers.

     

    In fact, North Texas nabbed five of the top 10 slots and nine of the top 20: Allen ranks No. 2, followed by Frisco (5), Plano (6), Carrollton (7), McKinney (8), Grand Prairie (11), Richardson (12), Garland (17) and Arlington (20).

     

    Denton and Irving landed at Nos. 23 and 24, respectively, while Fort Worth came in at No. 42. Dallas brought up the rear at No. 93. The No. 1 city for first-time homebuyers is Overland Park, Kansas.

     

    The WalletHub study looked at 300 American cities and determined the rankings using three general categories: housing affordability, real estate market and living environment. If the rankings had been based solely on the market, Dallas would have come in at No. 2. But an abysmal ranking of 282 in housing affordability and a 76 in living environment sent the city plummeting.

     

    Three Dallas suburbs rank in the top five for highest median annual income (adjusted for cost of inflation): Frisco (No. 1), Allen (No. 3) and McKinney (No. 5). Frisco also scored well (No. 2) for highest median home-price appreciation. Dallas was not too far behind, at No. 5.

     

    With multiple big companies moving into the northern 'burbs and property values heading northward, first-time home buyers might need to act fast to take advantage of the current market friendliness.

     

    unspecified
    news/real-estate

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    Renovation news

    Dallas Arts Tower downtown to get a re-do and new all-day cafe

    Teresa Gubbins
    Jul 10, 2025 | 5:25 pm
    Dallas Arts Tower
    Williams New York
    Dallas Arts Tower

    A downtown Dallas building is receiving a big-dollar renovation: Fortis Property Group has broken ground on a re-do at Dallas Arts Tower, a 55-story office building at 2200 Ross Ave. in the Dallas Arts District that will include updates, valet service, and a new cafe.

    According to a release, the multi-million-dollar capital improvement project broke ground in late June, and consists of modernizing building components. Renovations include:

    • transformation of the main lobby, with new flooring, lighting, furniture, upgraded elevator lobbies, and interiors
    • new all-day café in the northwest corner of the lobby, offering breakfast, lunch, craft coffee, and bar service during happy hour, with indoor and outdoor seating
    • new elevator interiors throughout the tower
    • enhancement of a second-floor mezzanine lounge area with updated flooring, lighting, and furnishings

    On the exterior, a new LED lighting package will be installed to enhance the building’s nighttime presence.

    Valet parking service will also be introduced in the building’s motor court, as part of the project.

    Fortis Property Group Chief Investment Officer Terrence Storey says that the renovations "reflect our vision to offer an elevated, amenity-rich environment in one of Dallas’ most vibrant and walkable neighborhoods."

    Stream has served as the exclusive leasing agent for Dallas Arts Tower since 2016, and Executive VP & Partner J.J. Leonard says that the renovation plans have already "sparked tremendous interest" resulting in new leases signed or in progress.

    The current renovation follows a 2019 capital improvement plan that introduced a redesigned front plaza, an 8,000-square-foot fitness center, a 150-seat conference facility, and a reimagined Sky Lobby on the 40th floor with conference rooms, executive boardroom, and lounge areas.

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    news/real-estate
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