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Living well

Dallas suburb with lovely lakefront drifts onto Money's Best Places to Live 2020

Tommy Cummings
Sep 28, 2020 | 10:30 am
Rockwall lake harbor
Rockwall was the only DFW city to earn a spot this year.
Facebook/Rockwall Texas Homes

Editor's note: A version of this story originally appeared on CandysDirt.com.

According to Money magazine, if you want to live the good life in North Texas, you should head to Rockwall. The northeast Dallas suburb made it into the top five in Money's list of Best Places to Live in America 2020.

In rankings released September 22, Rockwall was No. 4, making its Money list debut based on its “status as one of the fastest-growing cities in one of the nation’s fastest-growing states.”

Last year, no DFW city made Money's top 10; Wylie got the closest at No. 26.

This year, the Hill Country town of New Braunfels was the only other Texas city to appear on the list, at No. 25.

Money ranked communities based on factors such as safety, cost of living, and diversity. The publication analyzed a list of 1,890 communities with a population of at least 25,000. It also considered 115 separate data points on each community’s economy, housing market, education system, employment, weather, and more. The methodology accounted for countywide unemployment and housing distress as a result of COVID-19, factors and demographics to ensure this year’s list was racially diverse.

According to Money, Rockwall has experienced 19 percent job growth over the past five years and is projected to grow another 17 percent in the next five. The city's recovery from pandemic-related job losses contributed to its ranking. The local unemployment rate was 7.2 percent compared to a national average of 11.1 percent, the magazine says.

"It’s not all work," Money says. "Rockwall’s super-walkable downtown district has a small-town vibe, with historic false-front buildings and a broad variety of locally owned shops and restaurants. In the summer and fall, live music events liven up San Jacinto Plaza, while the Rockwall Farmers’ Market attracts visitors from all over the Dallas metro area."

There’s also that cool Harbor District that fronts Lake Ray Hubbard.

“You can drive your boat right up and enjoy the amenities,” says Jason Castro, a Dallas-based real-estate agent who grew up in the Rockwall area. “It’s got a lot to offer and still has a much slower pace.”

Castro (whose name you might remember as a fourth-place finalist on Fox’s American Idol in 2008), touts Rockwall's proximity to Dallas — just a 20- to 30-minute commute. "Rockwall has been one of D-FW’s best-kept secrets," he says.

Rockwall Economic Development Corporation president Phil Wagner says the recognition underscores what Rockwall residents think already — that it's a special place.

The Money accolade comes on the heels of a recent report by financial website SmartAsset that ranked Rockwall among the top Texas places with the highest median income relative to the cost of living. A $93,269 median income easily finances a $44,539 cost of living there, the SmartAsset report says.

So, which U.S. cities landed ahead of Rockwall on Money's list? Evans, Georgia came in at No. 1, ahead of Parker, Colorado (2), and Meridian, Idaho (3). Columbia, Maryland rounds out the top five.

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news/real-estate

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Big deal

Houston investor acquires Bishop Arts mixed-use portfolio in $170M deal

John Egan
Oct 9, 2026 | 10:30 am
Bishop Arts Written by the Seasons
Photo courtesy of Hines
Michelin-recognized Written by the Seasons is one of several Bishop Arts businesses acquired by a Houston-based investor.

A Houston investor has snapped up a mixed-use portfolio of nine buildings in the Bishop Arts District, the second Bishop Arts property acquisition since August.

Hines Glob­al Income Trust told CultureMap it paid more than $170 million for a mixed-use complex with 539 apartments and 49,000 square feet of high-end shops. The Bishop Arts Portfolio, as Hines refers to the real estate package on its website, sits on almost seven acres.

“Bishop Arts is a special place, shaped by the care and investment of its prior ownership. We see our role as building on that foundation through thoughtful ownership and Hines’ integrated operating platform,” Corbin Eckel, managing director at Hines, told CultureMap.

Hines identified the seller as Dallas-based Exxir Capital. Exxir developed Oak Cliff's 750,000-square-foot, two-block Bishop Main Street area, which features retail, residences, and offices, and includes the properties acquired by Hines.

Tenants of the newly acquired properties include:

  • Italian restaurant Lucia, a Michelin recommended restaurant.
  • Michelin-praised Written by the Seasons, which serves a New American menu.
  • Paradiso, a Southern European-inspired eatery.
  • Bar Eden Lounge, a swanky cocktail bar.
  • Village Baking Co., an artisan bakery.

Hines is taking over all leases at the residential properties:

  • Bishop North, 200 N. Bishop Ave.
  • Bishop Canopy, 515 W. 10th St.
  • Bishop Flats, 305 and 431 Melba St.
  • Treehaus, 211 W. 10th St.
  • Retail at 308 and 275 N. Bishop Ave.; 404, 332, 336 and 337 Melba St.; and 403 and 321 W. Ninth St. Altogether, the portfolio’s retail component comprises 22 tenants.

The Hines deal comes two months after Dallas-based investor 90Ten purchased 301-321 N. Bishop Ave.301-321 N. Bishop Ave. in Bishop Arts. Tenants include burger diner Hunky’s, Italian pastry and coffee purveyor Palmieri Café, vintage clothing store Dolly on Bishop, gift shop Kawaii Candle Co., and cosmetics retailer Simply Bella.

bishop arts hines glob­al income trust dallas real estate commercial real estate residential oak cliff real estate
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