Deal Ticker: Yokohama Tire Corporation Expands Distribution Network in DFW
Plus: Richardson s Office of Strategic Initiatives is moving into the city s innovative quarter; Gulf Relay leases massive South Dallas industrial space, and more.
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Yokohama Tire Corporation will expand its distribution network in the U.S. at Intermodal III Industrial Park. Duke Realty Corporation’s Dallas office secured a long-term lease for the company for the 431,630-square-foot facility in Wilmer, about 15 miles southeast of Dallas. This will be Yokohama’s fourth location centrally located to meet its customers’ needs in the Southwest.
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 consultant and