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Deal Ticker: Massive Hyatt Resort Heads to Lake Ray Hubbard Project Plus: Leading cabinet supplier expands North Texas manufacturing facility, Arlington Police Department purchases dormant property, and more. The $1 billion master-planned Sapphire Bay development will welcome Hyatt to operate its resort and conference center. Set to be located on the Sapphire Bay Peninsula and expected to open in fall 2023, the resort will join Hyatt’s Destination Hotels brand and showcase more than 500 guestrooms, suites, and villas, each with waterfront views overlooking Lake Ray Hubbard and the seven-acre man-made Sapphire Bay Lagoon. The lead architect for the resort is 5G Studio Collaborative. Brian Bridgewater, P.E. with Manhard Consulting is the project’s civil engineer, and Lifescapes International will design the landscaping and tropical garden environments. DuWest Realty will handle project leasing. Cleartide Management Group is an operational design and programming ....
Industrial builder snaps up Mesquite development sites Steve Brown, The Dallas Morning News An industrial building developer has purchased almost 40 acres in Mesquite for future construciton. Dalfen Industrial has bought two properties at 1262 and 4180 East Scyene Road. Younger Partners’ John St. Clair and Jack Gail brokered the sale. “These parcels were attractive to the buyer, whom already has a presence in Mesquite and is an experienced industrial developer, because of their location within the quickly emerging Mesquite market,” St. Clair said in a statement. “This part of Mesquite, along with nearby Sunnyvale, has emerged as a solid industrial submarket. This area was previously overlooked but has turned into a solid in-fill industrial location.” ....