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    Real Estate Rumblings

    Demolition of century-old building in downtown Dallas causes upset

    Teresa Gubbins
    Sep 24, 2014 | 8:29 am

    A building demolished over the weekend by developer Tim Headington upset a number of citizens who wished after the fact that they could have done something about the destruction.

    Located at 1611 Main St. across from The Joule, the building was a modest three-story structure built in 1885. Fashion boutique Forty Five Ten will move into a new building going in its place in fall 2015.

    Plans for the demolition were publicized in May, but the fact that the demolition took place on a Sunday, during a Cowboys game, took some by surprise.

    "Headington has destroyed a part of the commercial history of Dallas without regard to the damage it will inflict on the rest of downtown," said Preservation Dallas.

    Preservation Dallas, which bestowed an achievement award on Headington last May for his work on The Joule, issued an appalled response summing up what happened, as follows:

    "What began as the demolition of a single historic building on Sunday has spread like a cancer to neighboring buildings between Main and Elm streets. Preservation Dallas finds the wanton destruction by the Headington Companies of these historic buildings in the heart of downtown appalling to say the least.

    "The pulling of a demolition permit on Friday for a Sunday demolition was an underhanded tactic calculated to avoid a public outcry. These demolitions were planned and completed without conversation with Preservation Dallas. Following the May 2014 article in the Dallas Morning News regarding the demolition of 1611 Main St., Preservation Dallas made numerous attempts to contact Michael Tregoning, the CFO for Headington, through U.S. mail, email and several voicemails — all of which went unanswered.

    "We expressed our concerns for the buildings and requested an opportunity to meet with them to discuss plans for the buildings and potential ways they could be incorporated into new development. We know that there could have been a successful path to meet both preservation needs and new development goals.

    "The demolition of the buildings is also more shocking given the article in the August 2014 issue of FD Luxe, which announced the relocation of Forty Five Ten to downtown Dallas in a 'grand, multi-story historic building on Main Street.' This article successfully misled us and the public about Headington's true plans and enabled the buildings' demolition without any public discourse on the importance of the buildings to Dallas, alternatives to demolition or why the buildings could not be reused.

    "Headington has destroyed a part of the commercial history of Dallas without regard to the damage it will inflict on the rest of downtown. All the demolished buildings were listed as Contributing Structures in the Downtown Dallas National Register Historic District, meaning they had a great deal of integrity and contributed to the overall importance of the National Register District.

    "While important, this designation is not enough to provide legal protection to threatened buildings facing the wrecking ball. Ultimately, the demolition of too many Contributing Structures in the National Register District could lead to the loss of the entire District's National Register status, which in turn would cost developers millions of dollars in available tax credits used to rehabilitate historic buildings.

    "The only legal way to stop future demolitions of important historic buildings is to designate those structures as City of Dallas Landmarks, or to establish additional City of Dallas Landmark Districts to cover historically important areas of downtown. Preservation Dallas has advocated for Landmark Districts downtown for years and regularly supports property owners in applications to designate specific structures as City of Dallas Landmarks.

    "We need the support of everyone to send the message to City Council that our historic buildings downtown are important to all of Dallas, critical to the sustainable redevelopment of downtown and worthy of protection from developers who seek to erase our city's history!

    "Steps that can be taken immediately by the City of Dallas to address future demolitions could include placing a moratorium on demolition of National Register listed historic buildings downtown to allow time for public discussion on the future of historic buildings in downtown Dallas, investigating the creation of a City of Dallas Landmark District based on the Dallas Downtown National Register Historic District, and encouraging redevelopment of historic properties through additional economic development incentives.

    "It is truly heartbreaking when Dallas deliberately loses pieces of its history, especially given the historic integrity and importance of these buildings as representative examples of historic commercial architecture in the heart of downtown. These buildings stood for over one hundred years seeing the growth, decline and resurgence of downtown Dallas; however, it only took a couple of days for a wrecking ball to turn the venerable structures into debris to be carted off to a landfill."

    unspecified
    news/real-estate

    millennial magnet

    Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 11:16 am
    Millennial movers, moving
    Photo by Vitaly Gariev on Unsplash
    Dallas is one of the 15 hottest destinations for millennials.

    Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

    The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

    "The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

    Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialsdallas
    news/real-estate
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