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John M. Stemmons | |
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Born | |
Died | July 20, 2001 92) | (aged
Occupation(s) | Real estate developer and civic leader |
John Millard Stemmons (July 10, 1909 - July 20, 2001) was a real estate developer and civic leader in Dallas, Texas. He is best known for his efforts to develop the former flood plain of the Trinity River and his lucrative donation of land for the Stemmons Freeway that was named for his father, Leslie Stemmons.
Stemmons attended public schools in Illinois and Dallas, Texas. He graduated from Sunset High School in Dallas in 1927 and attended Washington and Lee University, where he received a football injury that prevented his service in World War II. He is a Member of the Sunset High School Hall of Fame.
He joined his father's company, Industrial Properties Corporation, in 1931. The company's business was the development of the land recovered by the erection of a flood-controlling levee system. He continued with the company after his father's death in 1939, rising to become president of Industrial Properties Corporation in 1954 and Chairman/CEO in 1971. He retired in 1994 and was elected Chairman Emeritus.
Initial development of the recovered land was slowed by the onset of the Great Depression. Stemmons partnered with Trammell Crow in the years following World War II as the growing economy improved the value of the property. Their partnership ended when Crow's proposed Dallas Market Center project would involve considerable borrowing at the rate of 6% interest. Stemmons could not imagine carrying such expensive debt, and so sold his interest to Crow.
Stemmons's donation of 100 acres (0.40 km2) of the recovered flood plain to the Texas Highway Department was beneficial in saving the state the cost of acquisition but was even more beneficial to Stemmons and IPC. In the terms of the gift, Stemmons stipulated that frontage roads be added to the project to provide freeway access that vastly increased the value of his property.
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Sunset High School is a public secondary school located in the North Oak Cliff area of Dallas, Texas, United States. The school enrolls students in grades 9-12 and is a part of the Dallas Independent School District (DISD). The school serves a portion of the Dallas and Cockrell Hill catchments. In 2015, the school was rated "Met Standard" by the Texas Education Agency.
The Stemmons Corridor or Lower Stemmons is a stretch of industrial and commercial property in northwest Dallas, Texas (USA). From downtown north, Interstate 35E (I-35E) is known as the Stemmons Freeway, named so for Leslie Stemmons by his son, John M. Stemmons. It lies north of downtown, west of Oak Lawn, east of the Trinity River and Irving, and south of the Elm Fork of the Trinity River. The area has a considerable amount of hotels and office towers. Property in the district accounts for 20% of Dallas' tax base. I-35E in Dallas Texas is currently the widest freeway in the DFW area with 16 total lanes, 10 lanes of high speed freeway with 6 lanes of access roads, stretching from the Woodall Rodgers Expressway in Downtown Dallas to the State Highway 183 split. I-35E is one of the most congested freeways in the country.
Dallas Market Center is a 5 million square foot wholesale trade center in Dallas, Texas, the United States, located at 2200 Stemmons Freeway, housing showrooms which sells consumer products including gifts, lighting, home décor, apparel, fashion accessories, shoes, tabletop/housewares, gourmet, floral, and holiday products. The marketplace is closed to the public but open to certified retail buyers and interior designers, manufacturers, and industry professionals. Large-scale market events are held at the center throughout the year. Dallas Market Center is owned by Dallas-based Crow Holdings and managed by Market Center Management Company (MCMC), a Crow Holdings subsidiary.
The Crow Museum of Asian Art is a museum in downtown Dallas, Texas, dedicated to celebrating the arts and cultures of Asia including China, Japan, India, Korea, Nepal, Vietnam, Cambodia, Thailand, Indonesia, Myanmar and the Philippines, from ancient to the contemporary. The Crow Museum opened to the public on December 5, 1998, as a gift to the people and visitors of Dallas from Mr. and Mrs. Trammell Crow. The museum is a member of the Dallas Arts District. The interior was designed by Booziotis and Company Architects of Dallas.
The Infomart is one of the largest buildings in Dallas, Texas (USA). It houses mainly enterprise companies and data center providers. The building is supplied by five independent electric feeds to three separate electrical substations. It is also one of the most digitally connected buildings in the world, with over 8,700 strands of fiber optic cabling.
TDIndustries, founded in 1946, is an American construction and technology corporation that provides commercial and industrial services such as air conditioning, electrical, and plumbing systems primarily through general contractors. They also provide process equipment installation for customers, operations, maintenance and repair of mechanical and electrical systems, and provide emergency service. The company is based in Dallas, Texas with offices in Fort Worth, Austin, Houston, San Antonio, Phoenix and Denver.
Jack Lowe Jr. was born May 20, 1939, in Bloomfield, New Jersey, the son of Jack Lowe Sr. and his wife Harriet. Lowe Jr. grew up in Dallas and attended Highland Park High School. He graduated magna cum laude from Rice University in Electrical Engineering and served two years in the U.S. Navy before joining TDIndustries in 1964. TDIndustries has been recognized by Fortune Magazine as one of the Best Places to Work repeatedly because of the company's use of the servant-leadership model. Lowe Jr. furthered his father's legacy at TDIndustries and in the broader business community as a whole.
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Leslie Allison Stemmons was an influential businessman in Dallas, Texas. Stemmons was born in Dallas on November 8, 1876, the son of John Martin and Rebecca Stemmons. He attended Southwestern University in Georgetown, Texas and graduated from the University of Chicago. Before returning to Dallas in 1900 to work selling fire insurance and real estate, Stemmons worked briefly in Chicago real estate. On July 16, 1902, he married Elizabeth Story. They had three children. Elizabeth died on January 3, 1910. On October 4, 1915, Stemmons married Proctor Howell. They had one son. As a real estate agent, Stemmons developed the Miller-Stemmons addition, Winnetka Heights, Rosemont Crest, Sunset Hill, Sunset Annex, Sunset Summit, Sunset Heights, and Sunset Crest in Oak Cliff. He was a leader in the annexation of Oak Cliff and the building of the Houston Street Viaduct between Dallas and Oak Cliff. Stemmons was also a president and director of Atlas Metal Works, a director of Southwestern Land and Loan Company, and a director of Evergreen Hills, Incorporated. He was a member of the Dallas Historical Society, the Methodist Church, and the Dallas Real Estate Board.
The Hilton Anatole is a Dallas hotel at 2201 Stemmons Freeway in the Market Center district just north of downtown Dallas, Texas. Featuring 1,606 guest rooms, it is one of the largest hotels in the South and is a major convention and meeting facility. Over 1,000 art objects, including a casting of Riding Into the Sunset and two sections of the Berlin Wall, are located throughout the resort setting. The hotel previously featured the five-star Nana Restaurant, but it closed in May 2012 due to decreased demand for fine dining restaurants and was replaced with a high-energy steak house, SĒR.
Crow Holdings is a privately owned real estate investment and development firm based in Dallas, Texas, US, which has been operating since 1948. Originally founded by Trammell Crow, the firm was expanded under the direction of his son, Harlan Crow, chairman and former CEO. As of 2018, the company employed 450 people through its operating businesses in locations throughout the US. As of 2020, Crow Holdings managed $19.6 billion.
Downtown Dallas is the central business district (CBD) of Dallas, Texas, United States, located in the geographic center of the city. It is the second-largest business district in the state of Texas. The area termed "Downtown" has traditionally been defined as bounded by the downtown freeway loop, bounded on the east by I-345 (although known and signed as the northern terminus of I-45 and the southern terminus of US 75, on the west by I-35E, on the south by I-30, and on the north by Woodall Rodgers Freeway.
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