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Land In Dallas For Development
Downtown Dallas Has Most Development Potential In U.S.
DALLAS (Dallas Morning News) – Big D has the greatest development potential in the country, according to a new study by Yardi System Inc.
Downtown has over 86 acres of undeveloped space, the most of the 25 cities Yardi looked at.
Las Vegas ranks second with over 75 undeveloped acres. Austin and San Antonio follow with 71 and 42 acres, respectively. Phoenix rounds out the top five with 31 acres.
Houston ranks 19th on the list with only 8.9 acres.
"In the South, Texas is king—208 acres of undeveloped land are scattered across the central business districts of Dallas, Austin, San Antonio, and Houston," the report concludes.
Of city residents polled, 77 percent picked more housing and parks as their most desired additions to downtowns.