Galleria neighbor

Developers have gotten the go-ahead to build the $1 billion Icon Midtown complex next to the Dallas Galleria.

The project on LBJ Freeway just east of the Dallas North Tollway is to include high-rise office space, a hotel and residences sitting on top of a regional shopping center.

It's to be built on the site of the former Showcase Chevrolet dealership.

"The Dallas City Council just approved our zoning by a vote of 15 to 0," said developer Daniel Robinowitz of Icon Partners. "We are excited about that and ready to move forward."

UT team wins

Dallas Named a Top City for Real Estate Investing

According to D'Ann Petersen, a business economist with the Dallas Fed, Dallas-Fort Worth is leading the country in population growth. "While this sounds pretty negative – the decline in sales and decline in building – if you look at national totals, Texas is still the No. 1 homebuilding state in the country despite all the pullback. And Dallas-Fort Worth is right up there.”

Petersen continues, “Our closings compared to other metropolitan areas are still quite high. That's our demographics and employment base that is keeping that base of home sales still at a pretty high level compared to other areas."

Dallas real estate agents are sure to take the opportunity of a glowing local review to heart by welcoming home buyers to peruse available listings.