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The High Five
Thu January 31, 2013
Developer Plays Some Serious Monopoly With Deep Ellum Building Buys
Five stories that have North Texas talking: 32 buildings bought in Dallas' live music neighborhood, firms sweep in with $410 million Twinkie offer and more.
Deep Ellum can be a frustrating place in the daytime. Not because of a lack of treasures to enjoy, mind you. Just a lack of access to them. For instance, Murray Street Coffee does a proper cappuccino with biscotti on the side better than most spots in Dallas. It just closes at 7 p.m. and doesn't open its doors on Sundays. Even though Deep Ellum's population has increased from 300 to 2,000 in 15 years, that's still too scant to sustain a vibrant 24-hour 'hood life in the eccentric area.
Dallas developer Scott Rohrman has seen the lack of livability that keeps Deep Ellum on the empty side, when it isn't rock-show o'clock at night. He loves the buildings and the potential. So what has he done? He's bought 32 vacant properties with designs on bringing restaurants, art galleries, a bike shop -- and people -- to Deep Ellum. WFAA has the story.
- See whose influence will bear on major issues this Legislative session with an interactive map of Senate committees by member district fashioned by our friends at the Texas Tribune. Six members of the Jurisprudence Committee (state judicial system) are from the DFW area, as D's Bradford Pearson points out.
- Whole Foods has recalled Whole Catch Wild Alaskan Sockeye Salmon for possible Listeria contamination. Young children are especially vulnerable to infection. (Young children who will try this delicacy in any other case are to be commended.) [KUT]
- A lead offer has emerged in the bidding for Hostess' snack cake brands five bakeries. The company picked a $410 million pitch from investment firms C. Dean Metropoulos & Co. and Apollo Global Management LLC. Irving-based Hostess will still see an auction that could allow a bidder to top that number. [CBSDFW]
- Dallas-area beauty supply stores have this to say to thieves who won't leave them alone: Get your own weave. USA Beauty, Super Beauty Supply and KK Designer Nails & Beauty on Jefferson Boulevard have all been targeted for their stocks of synthetic hair. One such heist saw $40,000 of weave leave the shelves. [Unfair Park]