Office Space Taking off Around Dallas' Love Field

Office facilities, car dealers, other business grow as Love Field area gets redeveloped

Instead, the closest station will be near the northwest corner of the airport at Burbank Drive and Denton.

That's just fine with Steve Rogers, whose Viceroy Investments recently purchased a sprawling office building on Burbank west of the airport.

"I'm negotiating to lease the building to a government agency," Mr. Rogers said.

Viceroy also owns the Holiday Inn Select south of the airport and other property nearby.

"The area is really hot," he said. "The Love Field market was one of the worst in Dallas for years, but people want to own property there now."

Viceroy is remodeling the Holiday Inn, which it purchased in the late 1990s.

"Our hotel numbers are almost the highest ever -- since I redeveloped it in 1997," with average occupancy running about 80 percent, Mr. Rogers said.

"The hotel market is significantly better, and I don't know what to attribute it to."

With growth of the nearby University of Texas Southwestern Medical Center, demand for housing in the area is also rising.

Several townhouse projects are in the works southwest of Love Field.

And Colorado-based developer Archstone-Smith plans to rebuild the Plaza at Bachman Creek shopping center at Lemmon and Northwest Highway into a combination of apartments and retail.

The developer plans to build about 181 residential units and a parking garage.

One of the biggest residential projects in the Love Field neighborhood will open late this year.

Provident Realty Advisors is converting the former Radisson Hotel on Mockingbird at Harry Hines Boulevard into a seniors housing facility. The redevelopment includes the 8-story, 305-room hotel plus construction of additional buildings.

Mr. Todd predicts more residential projects in the area.

"Developers are continuing to look at this area, with Uptown prices the way they are," he said.

(Dallas Morning News, The (KRT) -- 06/12/06)