In the city of Fort Worth it seems that the demolition of the Green Oak Hotel, has sealed the day for a new commercial real estate project. The demolition will be finished within the next thirty days, as plans are made for the creation of a new office project. This will increase the amount of Fort Worth office space that is available.

The Hotel

Since North Texas does not contain many geographical features, such as an ocean or a natural lake, many residents consider shopping to be the number one recreational activity. This is a terrific philosophy that provides many opportunities for developers to create Dallas retail space.

In fact, it seems as if there is anything, but a shortage of prime retail space in the Dallas/Fort Worth Metroplex. Developers have announced that there is plenty more construction on the way. This means lots of more shopping opportunities for residents and investing opportunities for investors.

Dallas commercial real estate grew by four hundred thousand square feet of retail space last year alone. This figure nearly doubled in the year 2007. Retail space has been constructed in the downtown Dallas area and in Fort Worth. A large number of the ongoing projects are scheduled for completion in 2008. There are three major players that are causing such a rise in the amount of retail space.

Richard Ellis Inc., the Weitzman Group and the Retail Connection are the three key companies that are responsible for constructing millions of square feet of retail space in the area of the Metroplex. These construction companies are dedicated to meeting the high-demand for premier retail space in both Dallas and Fort Worth. The figures are expected to continue to rise well into the new year.

This is terrific news for the residents of North Texas who love to shop. It looks as if North Texas