Tom Gaglardi Plans Mixed-Use, Condo Projects In Austin

Dallas Stars owner Tom Gaglardi has launched a new firm that will focus on developments in a new sector for the Canadian hotel developer.

Northland Living, a subsidiary of Gaglardi’s Northland Properties, is planning a condo project in downtown Austin and a mixed-use project in the suburbs, marking a shift from Gaglardi’s primary focus on hotel and resort developments, the Dallas Morning News reported.

Northland Living’s planned condominium tower in downtown Austin is expected to rise at the northwest corner of 14th and Guadalupe Streets, west of the Texas State Capitol. In addition, the company has secured a 40-acre site in suburban Austin for a mixed-use project, situated between an H-E-B grocery store and a future Nebraska Furniture Mart. While the Dallas Morning News didn’t disclose the exact location of the suburban development, Nebraska Furniture recently announced plans to open a store in Cedar Park, north of Austin.

Gaglardi’s real estate holdings also include two development blocks in Dallas’ Victory Park, totaling about 2.5 acres on the north and west sides of the American Airlines Center. These sites, purchased in 2020, are currently used for arena parking and could potentially accommodate major high-rise developments.

Tony Kaleel, formerly with an Austin building operation, has been appointed as president and COO of Northland Living.

“We plan to delve deeply into local economic and demographic trends, then make a positive impact on the communities where we invest and develop,” Kaleel told the outlet. “Texas has always had an entrepreneurial mindset and grown in consistent ways.”

Furthermore, Gaglardi is building one of his firm’s Sandman Signature Hotels in Irving, a suburb northwest of Dallas. Northland Properties, founded in 1963, owns and operates 63 hotels and resorts. Gaglardi bought the Dallas Stars in 2011.

The launching of the new subsidiary comes at a time when high-rise residential projects are gaining popularity in Texas, with Northland Living positioned to play a role in this evolving landscape.

—Quinn Donoghue