Mar. 27, 2018 by TREC Staff

Arlington: Swinging For the Fences

Arlington

The following article originally appeared in the Winter 2018 edition of the DFW Real Estate Review. An excerpt has been reprinted below.

A home run. A touchdown. You can pick your sports metaphor when it comes to the city of Arlington becoming a dynamic part of the North Texas economy. The city’s hard work and foresight has made it much more than just the midway point between Dallas and Fort Worth.

The impending construction of the new $1.1 billion Globe Life Field and the adjacent $250 million Texas Live! entertainment district show that the city is committed to staking its claim as a major player in DFW.

The city’s rise from being a mere road stop on what once was called the Dallas-Fort Worth Turnpike began in the middle of the last century, led by visionaries who saw its potential.

Today, Arlington sits off Interstate 30, the Tom Landry Highway, and it is arguably the entertainment and sports capital of North Texas — home to AT&T Stadium where the Dallas Cowboys play, the Texas Rangers’ Globe Life Park, and Six Flags Over Texas.

The city is a center for education, research, manufacturing, and logistics.

Already a major tourism destination, Arlington rapidly is becoming a jobs magnet, too.

Texas Live! alone is expected to bring an estimated 1,025 permanent jobs to Arlington. It will have a new $150 million Live! by Loews hotel, the first of its kind in the nation. Developers hope Texas Live!, which could attract more than 3 million new visitors to the city, will be open in time for the 2018 baseball season.

Not far from the Texas Live! entertainment district, the return of homebuilding giant D.R. Horton’s headquarters campus from Fort Worth to Arlington is another win the city can claim. Horton’s relocation in June shows the city’s draw for corporate residents.

The headquarters building sits on the north side of I-30 at 1341 Horton Circle, not far from Globe Life Park and AT&T Stadium.

It’s the second time the nation’s largest homebuilder has moved from Fort Worth to Arlington, the first time in 1993. Horton moved back to the Sundance Square area of Fort Worth in 2004, where it remained for 13 years.

The four-story headquarters building provides great exposure for the company — its brand faces the access road east of Collins Street in full view of the thousands of people who go to events at Globe Life Park and AT&T Stadium.

The stadium, entertainment district, and D.R. Horton are the latest in Arlington’s drive for success.

Here’s how it all started.

You may continue reading this article here or check out the print edition below.

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