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DFW Suburbs Top List of Country’s Fastest-Growing Cities

DFW: Several North Texas suburbs are in the national spotlight, again. The Collin County city of Princeton was named the country’s fastest-growing city with over 20,000 in a new report from the U.S. Census Bureau. It added 8,683 people between July 2023 and July 2024, a 30.6% spike. Four other DFW suburbs made the Top 20 list of the fastest-growing cities: Celina, with an 18.2% increase, came in fourth. Anna, up 14.6%, was fifth. Melissa, up 10%, was 15th. Fate in Rockwall County, was the country’s eighth-fastest growing city with an 11.4% increase. And North Texas cities were not alone in the top rankings. Fulshear, near Houston, was second in the overall list, up 26.9% with a total population of 54,629, and Hutto, east of Austin, locked in the 15th spot with a 9.4% increase at 42,661. Other take-aways from the U.S. Census report: McKinney added more than 11,000 residents; followed by Dallas with more than 8,900 and Frisco, up 8,203. And Fort Worth topped more than 1 million in total population.

DFW: A major mixed-use development has turned ground and is turning heads in southern Dallas. Hoque Global has broken ground on a 270-acre commercial and residential project close to the University of North Texas at Dallas campus off Interstate 20 and Lancaster Road. When fully completed, the University Hills development will have a town center that will include a grocery store, a hotel, a stadium and multipurpose sports facility, upwards of 1.5 million square feet of commercial space, 1,500 apartment units, several hundred single-family homes and more than 50 acres of green space. The company has been working on the development for the past three years and has received more than $30 million in incentives from the city of Dallas.

DFW: Legacy West, the huge mixed-use development in Plano, has changed hands for $785 million in one of the biggest transactions of the year in North Texas.  The new owners are Kite Realty Group of Indianapolis, and GIC, an investment firm based in Singapore. The 35-acre site off the Dallas North Tollway has more than 700,000 square feet of office, retail and restaurant space, including luxury retailers Chanel, Louis Vuitton and Gucci, plus Toyota and Boeing. It also has nearly 800 apartment units. The groundbreaking Legacy West project began in 2014 and has been rated among the area’s most-successful mixed-use developments in North Texas. Kite Realty Group, which will be the majority owner in the joint venture with GIC, already owns more than 20 other retail developments in the North, namely Southlake Town Center. 

DFW: Dallas developer Trammel Crow is betting on industrial space in North Texas, even though the sector currently appears to be overbuilt. The company has started work on what eventually will be 2.7 million square feet of industrial space south of Dallas Fort Worth International Airport. The space will be at Passport Park West, a nearly 200-acre industrial park near Passport Park, another industrial park started in 2018. Passport Park West’s first phase will be a three-building project of 1.75 million square feet, including one building that will encompass more than 1 million square feet. The second phase, whose start date has yet to be determined, will include 950,000 square feet across four buildings. Cushman & Wakefield, the commercial real estate firm, reported earlier this year that DFW had 120 million square feet of vacant industrial & warehouse space and ended 2024 with a 14% vacancy rate, the highest in more than 10 years. 

DFW: The Grand Hyatt, located at Terminal D at Dallas Fort Worth International Airport, is getting a $34 million makeover. The renovations at the hotel, which officials say they hope to complete by the end of the year, fall in line with the airport’s multibillion-dollar overall improvement projects that include work to Terminals A and C and the addition of Terminal F, which is expected to add 31 gates when fully completed in 2030. The number of rooms will jump from 298 to 315 and will include enhanced technological features, including new high-definition televisions, plus upgrades to the vanities, tubs and showers, as well as design and functional upgrades to the rooms and beds. A rooftop event space overlooking the runways also is planned. Also getting upgrades and improvements will be the hotel’s lobby and pool, its meeting spaces and the Grand Met restaurant. 

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