Terrell 1132 LLC
1,100
ACRES
I-20 Corridor
Terrell - Texas
Terrell 1132 LLC
1,100 ACRES
I-20 Corridor
Terrell - Texas
1,100 ACRES - TERRELL, TEXAS
Proposed Outer Loop Alignment
This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy.
1,100 ACRES - TERRELL, TEXAS
DALLAS/FT. WORTH MARKET
The Dallas Fort Worth metropolitan area is generally known as DFW. In 2012, the region reported 6.5 million resi-dents, making it the largest metropolitan area in Texas, fourth largest in the U.S. and larger than 33 states. From 2000-2009 the DFW region experienced a population increase of 24.1% compared to the United States growth rate of 7%. DFW outpaced the nations fourth largest metropolitan areas in both absolute growth and percentage change. Of the five largest metros, DFW is the only region to consistently experience double digit growth.
The City of Dallas covers approximately 343 square miles and with a population of 1,299,542 it is the ninth largest city in the United States.
What originally began as problems in the housing, credit, and financial markets turned into a national recession in which the U.S. is currently recovering from. With the sluggish economic outlook, companies are expected to be cautious in their spending and hiring. Although the Dallas-Fort Worth economy is not as robust as in previous years, it contin-ues to outperform the nation. According to the Texas Workforce Commission, non-farm job creation in the Dallas/Fort Worth Metroplex has grown by more than 52,600 over the past twelve months. Unlike DFW,
many parts of the nation are currently experiencing a significant decline in jobs. The total civilian labor force esti-mates for the Dallas/Fort Worth Metroplex is approximately 3,318,800 persons.
The growth in corporations is the main cause of optimism in the Metroplex. According to Forbes Magazine, recent business growth in Texas is due to cheap land, weaker unions, no state income tax, and the ease of receiving tax breaks. However, the state’s cost of doing business is just below the national average, due to higher local electric bills. The area benefits from its centralized location and with rising energy costs, the transportation of goods and products will come from primarily the heartland (center) of the nation. Also, growth in the healthcare and energy sec-tors should continue.
The true source of business growth lies within the sustained population growth, which has averaged 180,000 resi-dents each year since the year 2000 due to migration and higher birth rates. Local businesses are finding that they can cut costs significantly due to the state’s central location as well. Newer companies lead to tech startups, service companies, and medical centers. More college graduates are moving to North Texas due to the stronger local econo-my and additional opportunities for employment.
In 2012, Fortune magazine named 20 companies from the DFW metro area and these included Exxon-Mobil,
JCPenney, Texas Instruments, and TXU Energy as Fortune 500 companies. The Metroplex is ranked fifth among metropolitan areas for Fortune 500 companies. Texas recently passed New York’s 55 Fortune 500 companies with 58, having the most in the nation. Texas remains number one on the Fortune 1,000 list with 113 companies, with 103 in California, and 93 in New York. Forbes predicts that the state of Texas will add approximately two million more res-idents over the next five years.
This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy.
1,100 ACRES - TERRELL, TEXAS
Region
2012
Population
Forecast
2035
Change
2012-2035
% Change
2012-2035
DFW
6,651,887
9,833,378
3,181,489
48%
Dallas
County
2,444,148
3,125,282
681,134
28%
Kaufman
County
111,267
193,509
82,242
74%
City of Terrell
15,160
N/A
N/A
N/A
Population Forecasts for 2012
Population Forecasts for 2012
-
-
2035
2035
Source: North Central Texas Council of Governments
Population, Employment, Household
Population, Employment, Household
Forecast, 2012
Forecast, 2012
-
-
2035
2035
Recent projections from the North Central Texas Council of Governments (COG) confirm
this optimistic scenario. Between now and 2035, the Metroplex population is projected
to expand by 48%. Dallas County will grow at a slower pace while Kaufman County
grow almost twice the regional rate. The continued growth in households will continue
to fuel the demand for new single and multi-family housing across the region.
Employ-ment growth is also projected to remain strong, though the suburban counties will likely
capture much of the increase. Looking out even further, the COG expects the DFW
re-gion to boast 9.8 million residents and 6.2 million jobs by the year 2035.
1,100 ACRES - TERRELL, TEXAS
Property Features:
Property Features:
Size: 1,098.531 City: Terrell, Texas
Zoning: Mix Use and Single Family Residential. MUD: Property is located within a legislatively
approved Municipal Utility District (MUD) which allows for infrastructure reimburse- ments through the sale of bonds in excess of $86,300,000.
Water: Property within Rose Hill SSD. Sewer: Handled by M.U.D.’s.
For more information please contact
For more information please contact:
Craig Curry
Managing Partner
L. Clint Richardson
VP of Development
Greater Texas Land Resources
10950 Research Road
Frisco, Texas 75033
Office: 214-387-3993
www.txlandresources.com
This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy.
Project Location FUTURE FUTURE MALL Gateway Bridge (HUNT)
