Dallas Stars’ owner Tom Gaglardi plans new real estate projects in Dallas, Austin

The Canadian hotel developer and sports team owner plans high-rise residential and mixed-use projects.

Dallas Stars owner Tom Gaglardi hopes to score in the Texas high-stakes property market.

The Canadian businessman’s Northland Properties Corp. is starting a new firm to develop residential towers and mixed-use projects in markets including Dallas.

The new Northland Living company has bought its first development site in downtown Austin, where it plans a condominium tower. The property firm also has tied up a 40-acre site in suburban Austin where it plans a mixed-use development.

Gaglardi’s Vancouver-based real estate company also has two of the last development blocks in Dallas’ Victory Park — about 2.5 acres on the north and west sides of American Airlines Center. Gaglardi bought the properties northwest of downtown Dallas in 2020. The land is being used for arena parking.

Northland Properties has hired Tony Kaleel, who most recently was with an Austin building operation, as president and chief operating officer of the newly formed Northland Living.

Read the full story at The Dallas Morning News »

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