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Texas Real Estate News 9/3/2010
Mixed-Use, Dallas-Fort Worth-Arlington Mid-America Acquires Craig Ranch Property McKINNEY (GlobeSt.com) – Mid-America Apartment Communities Inc. has purchased Times Square at Craig Ranch out of foreclosure for $31.25 million. | Multifamily, San Antonio Bascom Retreats to Canyon Springs SAN ANTONIO (GlobeSt.com) – The Bascom Group LLC has purchased the 360-unit Retreat at Canyon Springs through a receivership sale. | Housing, U.S. FHA Insurance Premium Changing ANN ARBOR, Mich. (CMPS Institute) – The Federal Housing Administration (FHA) is giving homeowners and buyers until Oct. 4 to lock in a low monthly insurance premium on FHA loans, according to Gibran Nicholas of the CMPS Institute, which trains and certifies mortgage bankers and brokers. | Economy, U.S. Consumer Confidence Up NEW YORK (Associated Press) – Americans’ confidence in the economy has improved slightly in August according to a monthly Consumer Confidence Index compiled by the Conference Board. | Mixed-Use, Houston-Sugar Land-Baytown Washington Heights Project Planned HOUSTON (Culture Map) – Airbinder Company’s Walmart-anchored retail development, dubbed Washington Heights, is planned for 23 acres in the Houston's inner loop. | Economy, San Antonio St. Mary's Reaches Out SAN ANTONIO (San Antonio Express-News) – St. Mary’s University has granted Northwest Automotive Warehouse Inc. $12,500 to upgrade its property as part of the University Neighborhood Revitalization Project. | Economy, College Station-Bryan College Station Family-Friendly, Kiplinger Says COLLEGE STATION (Kiplinger) – College Station was the only city in Texas to make Kiplinger’s list of top ten great cities for raising families. |
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Hood Realty Inc. and our agents are
here to assist you in finding your new home in University Park. We believe it’s all
about you, and that is the way it should be. Yes, we really do treat you
like family. So when you, a family member or a friend are looking to move
to the University Park area, or perhaps you are relocating within the University Park area, give
Hood Realty a call so we can help you with your dream of owning a University Park home.
If you need to sell your house before buying your new University Park home, give us
a call and we will list your University Park house for sale.
University Park is on Interstate Highway 35E, U.S. Highway 75, and Loop 12 five miles north of downtown Dallas in central Dallas County, bordered by the city of Dallas on the north and east and Highland Park to the south.
University Park name originated because of its location adjacent to Southern Methodist University. SMU officially opened in 1915, and homes were built around the campus to house teachers and staff of the university.
Water for the campus came from artesian wells and an overhead storage tank, and sewage lines were connected to Dallas's lines in Oak Lawn. Homes in the area were joined to the university water and sewer lines, and homeowners paid the university for these services. By 1924, with more than 380 homes in the area, the university could no longer afford to supply water and sewer lines to residential areas.
The cities of Dallas and Highland Park refused to annex the University Park area because of the financial burden of laying new sewer lines and supplying garbage removal and police and fire protection. Therefore, in 1924 the city of University Park was incorporated with a population of 1,200. The first city government consisted of a mayor and five aldermen, but on April 6, 1926, residents voted to adopt a commission form of city government, which the city still retained in 1992.
On August 16, 1924, a $150,000 bond election was held to set up fire protection and to finance water and street improvements. The town organized its own garbage-disposal system in 1925. Snider Plaza, a popular shopping center, opened in 1927, although it remained largely undeveloped throughout the Great Depression.
The population of University Park grew rapidly, mirroring the growth of Southern Methodist University and the nearby cities of Dallas and Highland Park. By 1945 University Park had an estimated population of 18,000 and 120 businesses. In that year the city of Dallas attempted to annex the cities of Highland Park and University Park, commonly referred to as the Park Cities, but was turned down by a narrow margin. After their refusal of a merger, Dallas used its home rule powers to annex territory adjacent to University Park, cutting off all land for expansion.
University Park still relied on the city of Dallas for such services as water and sewage treatment, but in 1947 the Park Cities set up their own Water Control and Improvement District to take over these functions. A water-purification plant, reservoir, and pressure tank were completed in 1950.
Because it was surrounded by Dallas, University Park was prevented from annexing land for growth as most communities in Dallas County did, and its area remained 3.7 square miles. Few lots were left vacant on which to build new homes.
The population rose from 4,200 in 1930 to 14,458 in 1940 and 23,823 in 1950. Between 1950 and 1990 it fluctuated moderately, reaching an estimated 28,500 in 1956. In that year University Park had eleven churches and seven parks. Its schools formed part of the Highland Park school system, an arrangement still in effect in 1992. The 1990 population of 22,259 was primarily white, 3 percent Hispanic, and 1 percent black. The university remained the largest employer, and businesses continued to be primarily university or student related.
Houses for sale in University Park TX or Houses for lease in University Park TX
Looking for a house for sale in University Park Texas or looking for a house to lease in University Park Texas
Give Hood Realty a call at (972) 596-9112
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