THE ALLMANAC

Crow Plans Multimillion-Dollar Project in Arlington

DFW: The country’s leading commercial real estate developer has just received a major boost for its planned massive mixed-use development in downtown Arlington. The Arlington City Council has approved Dallas-based Trammell Crow’s incentives request for a $123 million development that will include office and retail spaces plus nearly 400 apartments. The four-year development project that will begin next year will be concentrated around the Arlington Municipal Court. The city approved nearly $40 million in incentives in various forms with a guarantee that the developer will spend the $123 million on the project. The development will include 390 apartment units, 39,000 square feet of office space, about 8,000 square feet of retail space and 600 parking spots. Downtown Arlington is a little over 2 miles from the city’s sports entertainment district that includes AT&T Stadium and Globe Life Field, home of the Dallas Cowboys and Texas Rangers, respectively. 

DFW: And another mixed-use development will add more luxury living to its portfolio in Frisco, one of the fast-growing cities in the country. Frisco Station Partnership has sold more than 20 acres to Toll Brothers for a single-family luxury community. Frisco Station is a 242-acre mixed-use development near The Star, the corporate headquarters and practice campus for the Dallas Cowboys. The project from the Toll Brothers will add 70 single-family one-story or two-story luxury homes ranging from 2,800 to 4,700 square feet. Infrastructure work on the Toll Brothers’ 23-acre parcel is expected to begin early next year. Homes are expected to be available for sale at the end of 2028. Frisco recently made WalletHub’s list as the country’s No. 1 real estate market, beating out 300 other cities because of its overall new construction, affordability and job growth. 

TEXAS: Prices for existing homes aren’t the only ones that continue to rise. Remember those days when rural land prices shot up during the pandemic when everyone wanted to get away? The Texas Real Estate Research Center says that rural land prices continue to climb. The average price now is just over $5,200 per acre, up a little over 6% from 2025. Prices were up across all seven regions, except Far West Texas, which experienced a drop in acres sold and an uptick in sales of smaller tracts. The biggest price increases were on the Gulf Coast, where acres sold averaged nearly $11,700, and the Central Texas/Hill Country region, where an acre averaged a little over $8,000. The center said it expects the number of acres sold to decrease slightly but prices to remain steady or a bit higher in the coming year. 

U.S.:  Cash buyers continue to be part of the real estate market but not like in years past. Realtor.com reports that 31.4% of home sales in the early part of this year were attributed to cash buyers. That’s down from 32.3% last year. But a few items to note. More buyers seeking mortgages are entering the market as inventory increases and prices stabilize across many parts of the country. Cash buyers still account for more than 40% of homes sold over $1 million. Cash sales for homes surged after the pandemic, hitting close to 33% in 2025. The peak for cash sales for homes, however, was actually after the 2008 housing crisis. In 2012, total home sales in cash hit 35.4%.

LALALAND: Actor Chris Evans has found a buyer for his California home. But even Captain America had to drop the price to get the deal done. Evans, one of the stars in various Marvel action movies, bought the Hollywood Hills home in 2013 for $3.5 million. He renovated the 1940s-era home with extensive luxury interior and exterior upgrades, and it now includes a swimming pool, spa and guest house with a gym. The actor had placed the home on the market for just under $7 million in May of 2025 but removed it last fall when it failed to sell. He relisted the property earlier this summer with a $6.39 million price tag and now has a contingent offer. The actor, who ended his Captain America role in 2019, has relocated to his native East Coast along with his wife and young daughter.

COPYRIGHT © 2024. Allie Beth Allman & Associates, a HomeServices of America, Inc. company. All Rights Reserved.

THE ALLMANAC