Grapevine - Colleyville - Southlake | July 2024

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Grapevine Colleyville

Southlake Edition VOLUME 14, ISSUE 5 JULY 6AUG. 6, 2024

2024 Home Edition

96% The city of Grapevine is nearly built out and only has 4% of its remaining land left to develop.

The Nash & Berry Townhomes are planned for Grapevine’s transit district overlay, which allows for some higher-density housing in and around downtown.

RENDERING COURTESY NICK DEAN ARCHITECT

Build-out increases demand for Grapevine housing

augment the historical value of the downtown area with small businesses and restaurants, which provide sales tax revenue and allow the city to maintain one of the lowest city property tax rates in the area, he said.

to construct new multifamily options in this area. “We created the railroad district so we can try to get some higher uses and better uses,” Mayor William D. Tate said. The goal of the transit district overlay—a spe- cic area that allows unique development—is to

BY MIRANDA JAIMES & CONNOR PITTMAN

As Grapevine nears full build-out, ocials are taking advantage of redevelopment opportunities, namely in the downtown area’s railroad district, which is where the city has a transit district overlay. This spring, a handful of projects moved forward

CONTINUED ON 20

Also in this issue

Impacts: Painted Tree Boutiques opens (Page 6)

Transportation: SH 114 project moves forward (Page 10)

Development: New oces to come to Southlake (Page 11)

Business: Hop & Sting Brewery oers hands-on approach (Page 25)

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Impacts

• Opened May 30 • 1009 Cheek-Sparger Road, Ste. 122B, Colleyville • www.cheekymonkeys.us 7 Rock & Brews American fare is served in a rock ‘n’ roll atmosphere. • Opened July 2 • 520 W. SH 114, Grapevine • www.rockandbrews.com/grapevine 8 Volstead: Prohibition Era Bar + Kitchen The restaurant and bar serves lunch, happy hour, dinner and late night cocktails. • Opened June 20 • 2750 E. Southlake Blvd., Southlake • www.volsteadsouthlake.com

PARK BLVD.

114

E.DOVERD.

19 2 5

121

LAKE GRAPEVINE

17B

NORTHWEST HWY.

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114

BETHEL RD.

BETHELRD.

Southlake

STATE ST.

PARK BLVD.

NORTHWEST HWY.

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LANCASTER DR.

121

S OUTHLAKE BLVD.

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E. WALNUT ST.

114

E. DALLAS RD.

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9 Principle VinFast The dealer sells Vietnamese electric cars. • Opened spring 2024 • 2351 William D. Tate Ave., Ste. A, Grapevine • www.principlevinfastgrapevine.com

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360

121

Coming soon

• 4260 Colleyville Blvd., Ste. 108, Colleyville • Facebook: Daily Bep

10 Tommy Bahama The retailer is known for its island-inspired designs.

Now open

GLADERD.

1 Painted Tree Boutiques This is a one-stop shop for gifts, decor, fashion and more. • Opened June 22 • 1217 W. SH 114, Ste. 104, Grapevine • www.paintedtree.com 2 Angel’s Fabrics & Upholstery The business offers fabric and furniture. • Opened April 15 • 2100 W. Northwest Highway, Ste. 219, Grapevine • www.angelsupholsteryfortworth.com 3 Daily Bep Vietnamese Kitchen and Boba The restaurant serves egg rolls, dumplings and more. • Opened June 4 CUMMINGS DR. C P A R G E R R D .

4 Sandalwood Lane The business offers wood tables. • Opened June 15 • 3809 Colleyville Blvd., Ste. C, Colleyville • www.sandalwoodlane.com 5 SalonCentric The store is a wholesale salon and beauty supply distributor. • Opened May 12 • 2150 W. Northwest Highway, Ste. 126, Grapevine • www.saloncentric.com 6 Cheeky Monkeys The edutainment-based play areas cater to children age 8 and under and also offers snack and drink options. ASHLN.

• Opening in September • 160 State St., Southlake • www.tommybahama.com

121

11 OG Cellars The tasting room will sell wine and could also offer light food. • Opening Aug. 1 • 909 S. Main St., Ste. 104, Grapevine • www.ogcellars.com

Relocations

12 Lambert Home The interior design firm and construction company will

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move from Southlake Boulevard to SH 114. • Relocating TBD • 1700 N. White Chapel Road, Southlake • www.lamberthome.com

• 837 E. Walnut St., Grapevine • www.gracegrapevine.org

In the news

16 Breeze Airways This is the latest airline to offer flights from Dallas-Fort Worth International Airport, starting on June 7. • 2610 International Parkway, Terminal E, DFW Airport • www.flybreeze.com 17 Raines Hospitality As of June 5, the corporation now owns A Hampton Inn & Suites Dallas-DFW Airport North and B Comfort Suites DFW North/Grapevine. • A 1750 SH 121; • B 1805 Enchanted Way, Grapevine • www.rainesco.com

13 Sounds Starts Music The business offers music therapy practice and adaptive music lessons for children. Formerly at 1340 S. Main St., Ste. 303 in Grapevine. • Relocated April 16 • 2311 Mustang Drive, Ste. 100, Grapevine • www.soundstartsmusic.com 14 Texas Lung Care Associates The practice moved from one suite to another and treats lung conditions. Previous location was in same

19 Perry’s Steakhouse The restaurant celebrates its 45th anniversary with a special menu available to diners throughout July. According to a June 20 news release, all Perry’s Steakhouse locations will be offering its 4 for $44 menu throughout July, which will allow patrons to enjoy a four-course meal for $44. The Perry’s Steakhouse in Grapevine opened in 2018, and the Perry family opened the first restaurant—Perry’s Butcher Shop and Deli—in Houston in 1979.

building, in Ste. 205. • Relocated May 13 • 1643 Lancaster Drive, Ste. 310, Grapevine • www.texaslungcare.com

Closings

18 Rockfish Seafood Grill Rockfish served shrimp, crab cakes, New England clam chowder, oysters, tacos and more. • Closed June 19 • 228 State St., Southlake • https://rockfish.com

In the news

15 Grapevine Relief and Community Exchange The nonprofit added three offices for caseworkers in May.

• 2400 W. SH 114, Grapevine • www.perryssteakhouse.com

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION

Government

BY CONNOR PITTMAN & CODY THORN

Grapevine issues $37M in bonds for key projects Grapevine city staff, working with financial advisors and the city’s bond counsel, sold close to $37 million in certificates of obligation to pay for three projects. The sale of the 20-year bonds worth $36.7 million, which carry a 3.75% interest rate, was approved by Grapevine City Council during a joint meeting with the planning and zoning commission June 18. Two-minute impact Of the $15 million in bonds to pay for the service center, about $10 million are secured by property taxes. When bonds are secured by property taxes, the city uses revenues from the interest and sinking component of a tax rate to pay for the debt. City officials do not expect to increase the city's interest and sinking component of the rate because of the

Colleyville residents to receive $35 gift cards this summer Colleyville council approved $35 gift cards to distribute to residents May 21, which can be used at participating restaurants or commercial stores this summer. The details Each household started getting the patri- otic-themed gift card starting on June 21, according to the city. Gift cards will be used at local businesses, and then the city will reimburse the businesses at the end of the program, according to a city news release. The city did a similar program last summer. • Gift cards are valid through Aug. 31. • More information can be found at www.colleyville.com/supportbusiness.

Bonds sold for city projects

Water and wastewater treatment plants: $20M

Municipal Service Center: $15M* Storm drainage culverts: $1.7M

$36.7M total

*$10 MILLION OF THE $15 MILLION IN BONDS FOR THE MUNICIPAL SERVICE CENTER ARE SECURED BY PROPERTY TAXES.

SOURCE: CITY OF GRAPEVINE/COMMUNITY IMPACT

sale of the bonds because other debt paid for using property taxes will no longer need to be serviced. The remainder of projects are budgeted in vari- ous city funds or paid for from insurance proceeds. “The successful sale was accomplished due to the city’s strong financial performance,” Chief Financial Officer Jeff Strawn said. Looking ahead The projects paid for by the bonds are expected to be utilized for the next several decades.

Council approves plans for municipal service center, public safety training tower

building, which is 21,000 square feet and located along Brumlow Avenue. There will be a 50-foot training tower for the Department of Public Safe- ty’s use, as well as a 17,000-square-foot building for vehicle and material storage, according to the presentation during the meeting. The site will be accessible 24/7, and large equip- ment and vehicles will be stored at the facility. In addition, there will be a fuel depot.

Southlake City Council green-lit plans to con- struct a municipal service center and public safety training tower at 1630 Brumlow Ave. What’s happening During the June 4 council meeting, a zoning change and site plan were approved that will support the city’s Public Works’ operations. The primary building will be the administrative

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Education

BY MARK FADDEN & JONATHAN PERRIELLO

GCISD ends FY 2023-24 with $4.76M deficit Grapevine-Colleyville ISD board members unanimously approved the fiscal year 2023-24 final amended budget on June 17, which included a $4.76 million deficit. The details Board President Shannon Braun said there were several elements beyond the board’s control that contributed to the deficit, including: • $780,000 for additional school resource officers per a state mandate • A $900,000 error in Career and Technical Educa- tion funding made by a prior school board • Recapture changes • No increase in state funding “We have been working diligently to get us into the black," Braun said. "This year's budget, we expect to begin putting money back into our

CISD avoids budget shortfall with sale David Johnson, assistant superintendent for financial services at Carroll ISD, updated the school board on the fiscal year 2024-25 budget, which was approved on June 24. In a nutshell The district was set to operate with an $8.5 million budget shortfall going into next fiscal year, Johnson said. However, the district made $8.5 million selling various properties. A balanced budget was first presented on June 10. The district’s total projected revenue for FY 2024-25 dropped from $105.7 million to $105.3 million, partly due to a forecasted dip in enrollment next year by nearly 120 stu- dents, according to data provided by CISD. This impacts funding the district receives from the state, Johnson said.

GCISD’s revenue The majority of Grapevine-Colleyville ISD's revenue comes from property taxes.

Property taxes: 84% State revenue: 8%

Federal revenue: 1% Other local revenue: 7%

Revenue: $175.23M

Expenses: $179.99M

SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT

savings—that is our goal." The backstory

School districts depend on property taxes for the majority of their overall revenue for maintenance and operations. Chief Financial Officer Derick Sibley said total revenue for FY 2023-24 was $175.23 million while expenditures totaled $179.99 million. Sibley said some of the “unrealized assump- tions,” included homestead exemption increases, school resource officer changes and actions the state took after the budget was presented.

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION

Transportation

BY MIRANDA JAIMES

North White Chapel widening begins The first phase of the North White Chapel widening project began in Southlake in late May, according to a city news release. The work is expected to conclude this summer, weather-permitting. What’s happening Crews are working to widen the road between the SH 114 frontage road and East Kirkwood Boulevard due to the projected traffic volume from the Carillon Parc development.

Construction reduces frontage road to 1 lane Crews have begun work on the westbound off- ramp of SH 114 to Davis Boulevard in Westlake. This has reduced traffic to one lane so construc- tion can be conducted behind barriers, said Val Lopez III, Texas Department of Transportation public information officer for the Fort Worth District. This work is expected to last several weeks. Additional continuing construction on this proj- ect includes work to the exit and entrance ramps along SH 114, Lopez said. The background Lopez said the $31.5 million, 2-mile project will construct continuous frontage roads in the cities of Southlake, Westlake and Trophy Club from FM 1938/Davis Boulevard to Dove Road. The project will include ramp and intersection improvements as well as the construction of U-turn lanes.

114

STATE HWY. 114 FRONTAGE RD.

1938

R D

During construction drivers can exit Davis and make a U-turn to access Solana and Kirkwood boulevards. Drivers can also exit before Solana onto Dove Road to Solana, or continue on to Davis to rejoin the freeway. What’s next The project is scheduled for completion in spring 2025, if the weather permits, Lopez said. When finished, drivers will have a continuous alternate route from Grapevine to Southlake to Trophy Club.

N. WHITE CHAPEL BLVD.

STATE HWY. 114 FRONTAGE RD.

K I R

114

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Development

BY CODY THORN

Southlake to see addition of 6 new medical oce buildings

There will be six new oce buildings coming to Southlake this year, with four of them under construction. Eric Goodwin, vice president of oce and industrial services for Champions DFW Commercial Realty, said there are four 8,000-square-foot build- ings under construction that should be completed in mid-July. He said companies could start moving into the buildings in the fourth quarter of 2024. Construction on two 9,000-square-foot buildings are also expected to start sometime in October, said Jim Kelley, president of Champions DFW Commer- cial Realty. “This area has super freeway visibility and those are very limited, especially on the [SH] 114 corridor between Roanoke and Southlake,” Kelley said. Goodwin said more than 200,000 cars pass that area daily. Kelley said the goal of the oce buildings will be medical-type facilities, but general oce use could be considered.

AUSTIN OAKS DR.

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There are four oce buildings under construction in Southlake, with companies or businesses moving in late 2024.

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GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION

Real estate

BY MIRANDA JAIMES

Home Edition

2024

The Home Edition provides insights into local real estate trends and developments. There’s so much to explore in this year’s Home Edition. Every month we always provide a snapshot of the market for a given month, providing data for year-over-year trends such as median sales prices, average days on the market and the number of new listings. But in the Home Edition we love to dive into these trends and datasets even further. For instance, our cover story focuses on the topic of Grapevine turning to unique residential developments for its downtown area to help ll out its small parcels of remaining space. As the city becomes more built out, residents are more likely to see home prices increase, experts say. Other content in this special section include insight into the local property tax exemptions oered in our cities and county, as well as a closer look at solar panels and what homeowners need to consider before making a purchase like this. We don’t want to just stop here, though. If you have ideas for topics we need to cover in next year’s Home Edition, or ideas for any future stories, please send them to gcsnews@communityimpact.com.

What's inside

Realtors to undergo changes for selling homes (Page 14)

Miranda Jaimes Managing Editor mjaimes@ communityimpact.com

Explore a new Colleyville development (Page 15)

Nonprot repairs Grapevine homes (Pages 1617)

Sponsor: Unique Landscaping

County maximizes property tax exemption for homeowners

Local exemptions The following general exemptions exist for eligible homeowners in Grapevine, Colleyville and Southlake. Appraisal districts can provide a comprehensive list.

The amount homeowners in Tarrant County can exempt from the value of their homes before pay- ing property taxes was increased to the maximum legal limit. What happened Tarrant County commissioners voted unani- mously June 18 to increase the county’s homestead exemption from 10% of a property’s value to 20%. General homestead exemptions are available in Tarrant County to taxpayers who own and reside at a property as of Jan. 1 of the year. Exemptions are also granted to people age 65 or older and home- owners with disabilities. A full list of the types of exemptions available can be found at the Tarrant Appraisal District website. About 406,000 accounts in Tarrant County qualify for homestead exemptions, according to meeting documents. What else? Commissioners also voted to approve a 20% homestead exemption for the Tarrant County Hospital District, which also increased from the 10% exemption commissioners adopted in 2023. Commissioners said ocials with JPS Health Network are in support of this exemption, and they

City exemptions:

7% o home’s value

Colleyville

20% o home’s value

Grapevine

20% o home’s value

Southlake

County exemptions:

The Tarrant County Commissioners Court voted unanimously at the June 18 meeting to increase homestead exemptions for taxpayers.

20% o home’s value

Tarrant County

STEVEN RYZEWSKICOMMUNITY IMPACT NEWSPAPER

SOURCE: TARRANT APPRAISAL DISTRICTCOMMUNITY IMPACT

across the state approved during the Nov. 7 election and created a new property tax exemption for child care facilities. To qualify for this exemption, child care facilities must participate in the Texas Work- force Commission’s Texas Rising Star Program and have at least 20% of children enrolled in the facility receive subsidized care provided by the commis- sion, according to meeting documents. With this exemption, it’s estimated that up to $200,000 in savings will be granted to child care providers, according to meeting documents.

expressed condence in absorbing the additional 10% exemption. The owner of a $350,000 home with both home- stead exemptions would see a reduction of $136.15 in their tax bill, according to a county news release. Also on the agenda Commissioners also approved adopting for the rst time a 50% exemption to property taxes for child care facilities in the county. This comes from Proposition 2, which voters

COMMUNITYIMPACT.COM

BY CODY THORN

Colleyville passes 7% homestead exemption for FY 2024-25

right time to bring tax relief. He also said the goal was to get the city to 20% in the coming years. Zooming in General homestead exemptions are available to taxpayers who own and reside at a property as of Jan. 1 of the year. Exemptions are also granted to people age 65 or older and homeowners with disabilities. A full list of the types of exemptions available can be found at the Tarrant Appraisal District website. Quote of note Former council member George Dodson spoke against the homestead exemption. “The cities near [that have 20% exemptions] have three, or five or 10 more commercial properties,” he said. “Easily Grapevine and Southlake have significantly more commercial. We are putting more load on nonhomestead and commercial owners, and I don’t like to see that happen.”

The city of Colleyville passed its first-ever homestead exemption during the June 18 council meeting. Council voted unanimously, 7-0, to approve a 7% homestead exemption for fiscal year 2024-25. “The reason we are doing it now is to provide a little bit of tax relief,” Mayor Bobby Lindamood said. “We are just tip-toeing into it and we are trying it.” Finance Director Matt Poston said the city looked at adding the homestead exemption to mitigate the impact of necessary tax increases for critical public safety equipment, which includes a new fire truck. “We are shifting the burden ... to nonhomestead and commercial property,” he said. The details The 7% homestead exemption is lower than several neighboring cities, Deputy Mayor Pro Tem Scotty Richardson said. Lindamood, in a video posted on social media after the first reading of the ordinance on June 4, said the city felt like it was the

Translating the new rate Council adopted Colleyville’s first ever homestead exemption. This provides a property tax break to homeowners. Here is an example.

Residential (current)

$804,772 average taxable value for a single-family home in Colleyville*

0% homestead exemption

$2,028: Projected total city tax bill

Residential (new)

$804,772 average taxable value for a single-family home in Colleyville*

7% homestead exemption

$2,012: Projected total city tax bill OR

a difference of $16 less on average in the 2024-25 tax year with the homestead exemption.

SOURCE: CITY OF COLLEYVILLE/COMMUNITY IMPACT

*BASED ON 2024 APPRAISALS

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION

Real estate

BY COLBY FARR CONTRIBUTIONS BY BRITTANY ANDERSON

Multiple Listing Service changes could affect how real estate brokers are paid

Updated MLS policies The changes outlined by the NAR settlement in March that go into effect in August include:

Compensation disclosures to sellers, and prospective sellers and buyers, are required. MLS participants can’t filter or restrict listings to clients based on the level of compensation offered to the agent. Listing agents can no longer make compensation offers to buyer agents on the MLS.

After announcing a $418 million settlement in March, the National Association of Realtors is implementing policy changes for Multiple Listing Service platforms across the country later this year. The changes are expected to take effect Aug. 17 and could change how real estate brokers are paid. Officials from the Collin County Area Realtors association, which is affiliated with the NAR and tracks data across the region, explained how the settlement and policy changes can affect licensed brokers, buyers and sellers in the Dallas-Fort Worth area. The background The MLS is an online platform where licensed real estate professionals can list homes for sale or view homes that are already listed. Shana Acquisto, real estate broker and former president of the CCAR, compared the platform to Carfax, an online database that compiles vehicle information for buyers and sellers of used cars. Listing a property on the MLS platform gives it the best exposure, which typically leads to homes selling at higher prices, she said. Individuals have to hold a real estate license to access the applica- tion, MLS Director Terry Smith said. More than 800 MLS platforms are managed by realtor associations across the country, including the CCAR. For realtor associations affiliated with the NAR, the MLS policy changes must be implemented in August, according to a May 3 news release by the NAR.

What’s changing? Real estate brokers will still be paid for their services, but the way they’re paid could change in August. Compensation agreements will be reached through negotiation and consultation off of the MLS. “It’s just a change in our process,” Acquisto said. “Really nothing has changed because the fact is commissions have never been fixed.” Instead of a compensation offer being listed in the MLS, buyers’ agents now have to reach out to the seller’s agent through the MLS to inquire about compensation, she said. Buyers will have to sign a compensation agreement before touring any homes identified through the MLS. Interest rates and supply and demand will con- tinue to drive home prices in the post-settlement real estate market after the policy changes take effect, she said. “Nothing in NAR’s policies has increased costs for buyers or sellers, and this settlement preserves consumers’ choices regarding real estate services and compensation,” Acquisto said in an email. What’s next? After the policy changes take effect, a final approval hearing for the settlement is scheduled later in November. More information about the settlement’s impact on real estate professionals can be found at www.nar.realtor/the-facts. For potential clients looking to buy or sell a home, Acquisto recommended they connect with

MLS users must enter an agreement with buyers before home tours.

SOURCE: NATIONAL ASSOCIATION OF REALTORS/COMMUNITY IMPACT

2024

March 15: Settlement agreement signed April 24: Preliminary approval of settlement review granted by the court Aug 17: Practice changes take effect, earliest day for class action lawsuit notifications to be issued to those impacted Nov. 26: Final approval hearing for the settlement

SOURCE: NATIONAL ASSOCIATION OF REALTORS/COMMUNITY IMPACT

a licensed real estate professional. “Maybe some of the conversations are different, but since the beginning of time we’ve changed our processes and they’ve improved,” she said. “Change is a constant. What hasn’t changed is the law of agency and how we represent our clients on both sides.”

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BY CODY THORN

Eastpointe Terrace Eastpointe Terrace is a Colleyville housing development by Jon Atwood of Atwood Custom Homes in Southlake. The 8.3-acre tract has 12 lots—each one-half acre. One of the first houses completed was a four-bed, 4 1/2-bath house that is 4,381 square feet at 2528 Pointe Court that finished in March. Atwood and Monuments Custom Builders are the two local builders for the development. Atwood said only one of the 12 lots remain and the neighborhood should be completely built out by the spring of 2025. Houses will range from the $2 to $2.5 million, Atwood said. • Square footage: starting at 3,000 square feet • Homes on market: 1 • School district: Grapevine-Colleyville ISD • Amenities: Proximity to Glenhope Elementary, half- acre size lots

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION

Real estate

BY KAREN CHANEY

6 Stones helps repair Grapevine homes What began with a church paying o a debt has turned into a nonprot organization helping Grapevine residents repair their homes. “We were started by what was then First Baptist Euless,” Teresa Grady, 6 Stones Mission Network chief operating ocer said, explaining the meaning behind the nonprot’s name. “The church was $6 million dollars in debt. Every time they paid o a million dollars they put a big stone in the courtyard.” The set up 6 Stones became a nonprot in 2009. Among other services, the organization oers a home repair program called Community Powered Revitalization. Grady said Grapevine mayor pro tem Darlene Freed took note of what 6 Stones oered and was particularly interested in bringing the home repair component to Grapevine, which happened in 2019.

“6 Stones has been a great asset to our city by helping identify those in need of help with their homes, many of which have lived in their homes for 50+ years,” Freed said in an email. Who it’s for To qualify for a 6 Stones home repair project, a person must be a homeowner and earn no more than 80% of the area median income. They must also meet one of the following requirements as well: 62 years old or older, hand- icapped, disabled, veteran, spouse of a veteran or single parent with a child living at home. The city of Grapevine receives the applications and vets the applicants. Once approved by the city, 6 Stones receives the application and if the project is accepted, a 6 Stones representative will visit with the applicant and create a list of projects. “We will do everything we can do on a house if the homeowner is willing,” Grady said. The specics Grady said home repair projects include any upkeep needed on the exterior of a house such as replacing rotted wood and siding, painting, roof and

tree work, building ramps and more. Throughout the year, volunteers are paired with skilled industry volunteers to work on homes. There are also bi-annual blitz events where hundreds of volunteers are deployed to multiple homes in Grapevine to tackle tasks on the homeowners’ lists. Get involved Thus far, 6 Stones has completed projects in 36 homes in Grapevine. Grady said the nonprot would like to raise awareness in Grapevine and increase the number of residents served. They also need volunteers - those with industry skills and those who are willing to learn. Financial and in-kind donations are always welcome. Quote of note “The CPR program benets those in our commu- nity who are unable to maintain their properties due to health issues, being alone and/or any other obstacles they may be facing,” Freed said. “Over the years, we’ve had folks from the neighborhood of the house[s] we’re working on who see us there, come out and volunteer to help someone who lives in their neighborhood.”

Teresa Grady is the 6 Stones Mission Network chief operating ocer.

KAREN CHANEYCOMMUNITY IMPACT

S. PIPELINE RD.

3232 West Euless Parkway, Euless www.6stones.org

Throughout the year, various organizations such as Grapevine’s First Baptist Church pictured here, volunteer to help with home repair projects at 6 Stones.

COURTESY 6 STONES MISSION NETWORK

EULESS 900 E Harwood Rd (817) 545-2184 KELLER 101 Keller Smithfield Rd S (817) 482-8295

BEDFORD 1520 Airport Fwy (817) 508-4490 WESTLAKE 2341 Highway 377 (817) 490-9072

Real estate

BY PRESTON RAVIN

What North Texas homeowners should know about solar panels In an effort to explore the growing impact of solar energy within the community, Lori Clark, senior program manager at North Central Texas Council of Governments’ Transportation Department, broke down how solar panels can be useful for homeowners. She also advises how homeowners can find more information about solar panels. How do solar panels work? Solar panels are made out of primarily silicon sheets, but the sunlight energizes electrons in the solar panels themselves, which start moving around and create current, which creates electric- ity. As long as you’ve got sunlight, and it doesn’t have to be full sun—cloudy days, work too—those solar panels are able to create energy on site.

What are the benefits of having solar panels? The benefit of higher electricity cost is that it makes solar more beneficial economically, because you’re generating your own power, so that’s power that you don’t have to pay the utility for. You still have to pay every month to be connected to the electric grid, and you do have to pay the capital cost of installing that solar array, but the cost of installing solar has come down like 90% over the past decade, so it’s much less expensive now than it used to be. There’s also a resilience benefit. During the winter storm, there were several people who had solar and battery storage in their homes, and they didn’t lose power—it’s able to run off of solar. What are some drawbacks of solar panels? The number one drawback is that they can be expensive, depending on how much you install at a home. You’re not necessarily going to see the payback in a single year. It may take a few years for you to see the cost savings, so you have to be able to handle that upfront capital cost.

COURTESY LORI CLARK

COMMUNITYIMPACT.COM

More than 130 homes in the area were sold during May while nearly 200 new listings were added to the market. The highest median home sales price was reported in the 76092 ZIP code area. Residential market data

Average days on the market

May 2023

May 2024

-12%

-14.29%

-39.39%

-26.47%

76051

76034

76092

76262

377

2499

114

121

76262

76092

76051

170

Median home sales price

May

2023

2024

76034

114

121

$580,000 $922,500 $1,355,000 $594,000

$595,500 $1,130,000 $1,325,000 $702,500

76051

Homes sold by price point

76034

May 2024

76092

$1 million+

76262

$700,000-$999,999

$400,000-$699,999

Number of new listings

$100,000-$399,999

+13.8%

+24.49%

-23.6%

+24.18%

<$99,999

MARKET DATA COMPILED BY COLLIN COUNTY AREA REALTORS • WWW.CCAR.NET

76051

76034

76092

76262

Visit Maykus.com City of Grapevine, Carroll ISD

Call or text to learn more 817-308-1155

GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION

Build-out increases demand for Grapevine housing From the cover

What you need to know

Several higher density residential projects have been approved in the Grapevine transit district.

1 251 units

4 250 units

E. COLLEGE ST.

City officials created the transit district overlay in the downtown area over five years ago to enhance existing development. Director of Planning Services Erica Marohnic said the city used development standards more focused on creating a walkable area with its own character as opposed to standard zoning regulations, which stipulate land use. To date, most of the development has been residential, she added, for multiple reasons, including the real estate market and the need to add residents before commercial development. “You’ve got to have a certain amount of density or foot traffic to support those nonresidential uses,” Marohnic said. “Otherwise, it’s not going to be able to support itself.” According to city data, four multifamily projects currently provide the necessary density within the transit overlay district, including the Grapevine Brownstones. The condominiums within the transit

E. HUDGINS ST.

Grapevine transit district

1 Resort at 925 925 S. Main St. 2 Grapevine Brownstones 235 E. Nash St. 3 Nash and Berry Townhomes 943 E. Jean St.

N A S H S T .

3 17 units

VINE ST.

2 10 units in Phase 1; 18 units in Phase 2

4 AMLI Grapevine 444 E. Dallas Road

SOURCE: CITY OF GRAPEVINE/COMMUNITY IMPACT

from prospective buyers. Richard Giberson, the developer of the Nash and Berry Townhomes, said he believes the zoning regulations make sense for adding a type of development not typically seen outside major metropolitan areas, such as Chicago or Dallas.

district were approved in 2022. In 2024, Grapevine City Council has approved two projects within the overlay: a second phase of the Grapevine Brownstones in January, and the Nash and Berry Townhomes in April, which will add 35 new homes. The latter has already received interest

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COMMUNITYIMPACT.COM

BY MIRANDA JAIMES & CONNOR PITTMAN

Grapevine’s average home sales prices

Digging deeper

What to expect

$800K

$648K

$597K

$558K

Kim Assaad, Realtor and team lead with The Assaad Group at Compass, said as Grapevine approaches build-out, home values in the area are significantly increasing as demand for the remain- ing space builds. “Grapevine is a great place to live, located right in between Dallas and Fort Worth, and so close to DFW International Airport—that … makes it really desirable and keeps our sales prices up,” she said. Assaad commended Grapevine’s work on the build-out of the area. She said she believes approaching build-out makes the existing real estate even more attractive and valuable because of the fewer empty lots available. It also provides a boon to business owners. “Business owners are just more confident about opening businesses in Grapevine, because it provides established residences who are the con- sumers in the area,” she said. “Plus a large amount of tourism helps all the businesses flourish.”

By using the transit district overlay, city officials said they hope to enhance existing property since there are fewer options to build on open land. “You want to enhance or add on rather than tear down and rebuild,” Marohnic said. She added that remaining land is more conducive to reuse, such as the Nash and Berry Townhomes, not large multifamily complexes that typically require large, open parcels. “In some instances, there might be other impediments on the property,” Marohnic said, describing some properties in flood plains that are harder to develop. Assaad also pointed out that buyers are willing to purchase existing homes, and remodel and update, just to be in the desirable area Grapevine is located in. Tate said officials will have to continue fighting to preserve the character of Grapevine because of increasing demand to build apartments as home values increase and more people are forced to consider moving into apartments.

$600K

$493K

$416K

$400K

+55.77% percent change

$200K

2020 2021

2022 2023

*2024

SOURCE: KIM ASSAAD WITH THE ASSAAD GROUP AT COMPASS/COMMUNITY IMPACT *AS OF JUNE 12

Some homes in the city also have a lower price point that makes it easier for younger families to move into the area, Assaad said. Some of the con- dominiums in the city can start in the $200,000 range, she said. Affordability is also helped by the lower tax rate the city maintains, Tate said. “It’s still important to me [and] to the city to use what land we have left for a way that will produce as much sales tax as possible,” Tate said.

Residential snapshot

Why it matters

Single-family residences make up more than half of the residential units in Grapevine.

"It’s going to take a lot of cooperation and understanding with our property owners and our citizens to maintain

Marohnic said part of the challenge with devel- oping the remainder of Grapevine is most of the land is in smaller parcels. Giberson said focusing on smaller development allows the city to grow in a more manageable way rather than face pressures to extend roads or utility connections. “It’s more about a focus on quality and less on quantity,” Giberson said. “I think that’s actually a much healthier place to be as a city.”

Key:

Single-family homes: 12,552

what we have." WILLIAM D. TATE, GRAPEVINE MAYOR

Apartments: 10,845 Townhomes and condominiums: 487

Assisted living: 9

SOURCE: CITY OF GRAPEVINE/COMMUNITY IMPACT

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