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The Village Dallas Announces 47-Room Terraces at The Drey Boutique Hotel Project

The Village Dallas expands its hospitality portfolio with the 47-room Terraces at The Drey hotel, while DataBank secures $2 billion in construction financing for a major data center campus.

By Colin Percy · Apr 23, 2026

The Dallas-Fort Worth region continues to see robust commercial development across hospitality, industrial, and multifamily sectors. Notable progress includes the upcoming summer opening of Terraces at The Drey, a 47-room boutique hotel expansion at The Village in East Dallas, and the completion of a $77.8 million apartment community, Jefferson Grandscape II, which broke ground in The Colony with 277 units.

Industrial activity remains a primary driver, highlighted by DataBank securing $2 billion in construction financing for an 180-megawatt, 600,000-square-foot data center campus in Red Oak. Additionally, CapRock Partners has broken ground on the 483,128-square-foot Clay Road Business Park in Sunnyvale, while LGE Design Build has delivered the 161,408-square-foot A20 Logistics Center in Arlington.

Companies mentioned

broker

Newmark

other

MUFG Bank

owner

Brookfield Asset Management

property manager

Phoenix Property

other

QuadReal Property

owner

Clarion

owner

Nebraska Furniture Mart

general contractor

LGE Design Build

other

Alpaca Real Estate

owner

Westcore

owner

Cantex

general contractor

Hillwood Construction Services

broker

Partners Real Estate

developer

DataBank

broker

Kobalt Investment

developer

The Village

developer

JPI

developer

Southern Impression Homes

developer

Wilks Development

owner

RRR Cooper Street Property

developer

Weitzman

broker

JLL Capital Markets

developer

Provident Industrial

other

LyvWell Communities

developer

CapRock

Automotive & serviceHotel

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