2
Cover Story
Matthews Southwest Puts The Needs Of Dallas First JBJ Management client Matthews Southwest is at it again finding ways to benefit the citizens of Dallas. In partnership with the City of Dallas and Volunteers of America, the developers have just completed The Galbraith, a Bryan Street high-rise apartment building in downtown Dallas that offers market-rate housing and different income levels.
Over half of the 217 units are reserved for residents earning below the average area median income. The property contains 51% affordable housing units and 49% market rate units and features 12,000 square feet of retail space. The property is located next to Matthews Southwest’s redevelopment of the historic Dallas High School building and DART’s Pearl/ Arts District rail station. Developer Jack Matthews said, “a lot of things we do are about just making money but a lot of things are about trying to help out socially.” In Dallas, like other urban centers, housing costs for renters are increasing due to population increases, strict zoning regulations, and rising home sales. “Over the first seven months of 2022, rents increased by a total of 6.7 percent, compared to an increase of 12.0 percent over the same months of 2021,”
according to the Apartment List National Rent Report, and “year-over-year rent growth currently stands at 12.3 percent.” JBJ Management has worked with Matthews Southwest on projects since 2006. With an MWBE projection goal of 25% and actual MWBE attainment of 38%, JBJ Management was instrumental in providing MWBE compliance and tracking for the duration of the Galbraith project. Working with over 40 subcontractors, JBJ Management ensured the project met compliance requirements for the City of Dallas by collecting and tracking the necessary documentation.
Message from the President
is 35 feet in diameter. When completed it will provide 100- year flood protection for nearly 2,200 commercial and residential properties in the east Dallas area including Baylor Medical Center. This tunnel will also replace the current drainage system which was constructed nearly 70 years ago and only provided two to five- year flood protection. The new tunnel will improve stormwater management and provide protection for schools, medical facilities, residents, and streets. The tunnel concrete lining will be completed in 2023.
The City of Dallas’ Mill Creek Drainage Relief Tunnel is near completion. Last month, J&L Imperium began pouring concrete 120 feet below the surface in the five- mile underground tunnel which Rudy Renda, Southland Holdings LLC BJ Johnson, JBJ Management
Made with FlippingBook - professional solution for displaying marketing and sales documents online