Downtown CBD / Areas Outside Of Uptown

[The Great Hizzy!]

Congratulations. It's been a while since a highrise has gone up in Dallas. Although, I'm not quite clear; is this inside the loop formed by Woodall Rogers, North Central, Stemmons and RL Thornton?

[tamtagon]

Congratulations. It's been a while since a highrise has gone up in Dallas. Although, I'm not quite clear; is this inside the loop formed by Woodall Rogers, North Central, Stemmons and RL Thornton?

<{POST_SNAPBACK}>

Inside the loop. They're planning four or five 20-something towers for the whole development - 300,000 - 400,000 sq for 7-11 offices, condos, retail. I'm sure every detail will be attended, but it sure would be nice to get another building in Dallas over 500'.

[rantanamo]

If you mean within the loop, 1407 main is already underway, and is in the heart of downtown.

[slfunk]

Victory is taking shape. Hillwood just gave a big press release with all the projections under construction. Currently phase II with the W Hotel and Mayfields developments are under construcion. Completion of phase II and phase III is set for 2006. W will open next year. Here is a link to the fly threw:

http://www.wfaa.com/perl/common/video/wmPl...toryanim_am.wmv

Here is a link to channel 8's video clip

http://www.wfaa.com/perl/common/video/wmPl...0victory_am.wmv

and here is a link to the development website

www.victorypark.com

[slfunk]

"Victory Park's $450M Second Phase Rapidly Filling Up

By Connie Gore

Last updated: May 11, 2005 08:17am

For more retail coverage, click GlobeSt.com/RETAIL.

DALLAS-With the vision for "Victory" on a fast-track to reality, Hillwood yesterday debuted the retail dance card for its $450-million second phase and teased to another round of headline news in 90 days for a $450-million third phase........

......The six-building second phase, which delivers in May 2006, consists of 600 residential units, 175,000 sf of retail, 120,000 sf of office space, a one-acre park and the W. The three-building third phase will have another 280 apartments and condos, 135,000 sf of retail and 600,000 sf of office space. Hillwood has amassed a powerful roster of partners, including Gatehouse Capital and Hicks Holdings LLC, the teammates for the W, the catalyst for getting the seven-year plan off the drawing board."

Link to story

http://globest.com/news/282_282/dallas/134098-1.html

[slfunk]

Well any of you that may be watching some of the events unfold in Dallas may have just heard about the Mercantile Building redo negotiations come to end with a negative result. Huge disappointment. HOWEVER, the day after that announcement we got another announcement of a new project near city hall. Essentially, a condo conversion with 30,000 sq ft of retail just a couple of blocks from the Merc. It can be very exciting and very fustrating hearing of development news in Dallas. Sad about the Merc (4th try to redevelop it so far), but exciting to hear of the new project.

link to the story in the Dallas Business Journal

http://www.bizjournals.com/dallas/stories/...23/daily44.html

Downtown building in line for makeover

Sandra Zaragoza

" A developer who is planning a $150 million makeover for a vacant building across from Dallas City Hall is preparing to apply for $27 million in city funding, according to a source close to deal.....

....request city tax incentives comes on the heels of the Mercantile deal that fell apart on Wednesday. Cleveland-based Forest City Enterprises called off negotiations with city officials in a dispute over city funding. The company was seeking upwards of $60 million in tax incentives for a project that would have converted the Mercantile National Bank on Main Street into a retail and residential complex.....

Now, a Canada-based developer has plans to transform a vacant building, 500 S. Ervay St., into a 350-unit condominium project with 30,000 square feet of ground-floor retail. A hotel component could also be part of the complex....."

[slfunk]

Here is some "eye candy" for what is currently being built at Victory Dallas. The W is already substantially on its way, while a huge pit for the foundations for the lower buildings has already been excavted with the bases of the sky cranes but in place. This film clip shows the "phase II" of the construction of Victory. Just click on the link below. Click on projects. Then click on Victory Development on the left-hand menu. Then click on video in the lower right hand screen and sit back/watch. Its about a 3 min clip showing all the building being built. They include the W, the terrace apts (7 stories), the icon diagonally across from the W, the new building flanking the American Airlines center, and a new 45 story office/residential tower next to the W.

Enjoy:

http://www.beckbluemedia.com/

[slfunk]

Downtown Connection TIF and Downtown Dallas Development Authority

UNANIMOUSLY approved by Dallas City Council

http://www.downtowndallas.com/current.htm#tif

It

[slfunk]

Dallas Power & Light Grand Opening Sizzles

http://www.downtowndallas.com/current.htm#tif

"Over 1,000 people came out to celebrate the explosive grand opening of the Dallas Power and Light Building on Thursday, June 9, including DP&L Flats, 158 luxury residential rental units, and Fuse, a texasian restaurant, bar and lounge. The evening included a sampling of the FUSE menu, cocktails on the 12,000 square foot roof deck and tours of the DP&L luxury flats. Then, right at dusk, fireworks exploded over the crowd, adding to the awe of the evening.....

The entire DP&L complex is made up of three buildings at 1512 and 1506 Commerce. 1512 Commerce was originally constructed in 1903 as a five-story warehouse, and has since undergone periodic remodels and an addition of 9 stories. The 2-story art deco building adjacent to the high-rises will house additional restaurant and/or retail space. 1506 Commerce has stood 19 stories high in downtown Dallas since 1931, originally constructed for the Dallas Power & Light Company.....

Coming soon to the Dallas Power & Light Building will be Crimson in the City, a women's boutique, and additional restaurants, retail and a fitness center...."

[rantanamo]

apparently ZOM and other residential developers are looking serious at downtown. They site the shrinking uptown land and soaring prices. Great job with zoning and attracting so much to Uptown is leading to a downtown boom. I think most thought East Dallas would boom more first before downtown really kicked it up. Looks like downtown will be the next Uptown.

[slfunk]

7-Eleven project has an artistic inspiration

Architects planning modern look for new headquarters building

Link to story with rendering:

http://www.dallasnews.com/sharedcontent/dw...n.2ce369cf.html

10:45 PM CDT on Monday, June 20, 2005

By STEVE BROWN / The Dallas Morning News

"Developer Billingsley Co. is giving a first look at 7-Eleven Inc.'s new headquarters in downtown Dallas......The One Arts Plaza tower will be built of unembellished concrete, steel and glass. Its 'front door' will be Flora Street. "We are working on construction details right now and plan to break ground in July," said Lucy Billingsley, whose firm is building the $100 million project at Flora and Routh streets...."

"...Along with the convenience store chain's offices, the 24-story One Arts Plaza tower will contain an additional 180,000 square feet of multitenant office space, plus 71 luxury condominiums on top...."

"....."We are surrounded by these buildings done by world-class architects on essentially unlimited budgets," he said.....Instead of expensive stone or elaborate metal panels, the One Arts Plaza exteriors will be constructed of unembellished concrete, steel and glass......The building's upper levels are accented by a large section of glass wall and balconies for the condominiums.....On the ground floor, two glass and steel wings facing a plaza will have retail space and help mask the parking garage......"

[slfunk]

Merc developer is enthusiastic

Dallas: Council to vote on brokering deal worth millions in subsidies

Link:

http://www.dallasnews.com/sharedcontent/dw...y.3181553b.html

08:44 PM CDT on Tuesday, June 21, 2005

By DAVE LEVINTHAL / The Dallas Morning News

"...It's a project as complicated as it is expensive.

But the man responsible for the redevelopment of Dallas' Mercantile Bank complex and several other vacant downtown office towers gushed with confidence that they'll soon be filled with apartments, condominiums and retail space.

"We're going to do a hell of a good job in Dallas," David Levey, Forest City's executive vice president, said Tuesday. "And our deeds will be as strong as our words.".... The total project may cost upward of a quarter-billion dollars.

Mr. Levey said that despite the project's complexity and a near breakdown in negotiations with city officials last month, "we're confident, and we're moving forward."...."

[slfunk]

2 office towers set for Victory

Galleria builder joins Hillwood to construct first work spaces

10:28 PM CDT on Tuesday, June 21, 2005

By STEVE BROWN / The Dallas Morning News

Link: http://www.dallasnews.com/sharedcontent/dw...y.31b9b7bb.html

"Houston developer Hines is teaming up with Ross Perot Jr.'s Hillwood development firm to build two office towers at Uptown's Victory project.

UNDER CONSTRUCTION

The 33-story W Dallas Victory Hotel & Residences with 144 condominiums, 251 hotel rooms and 42,500 square feet of retail space. To open in May....The Terrace, a seven-story, 95-unit condominium building with 24,000 square feet of retail space. To open in May. ...The Vista, a 125-unit apartment building with 25,000 square feet of retail space. To open in May....The buildings will be constructed near Continental Avenue and Stemmons Freeway, at the south end of the 75-acre Victory complex between the West End entertainment district and American Airlines Center....."

"....Hines built the Galleria Dallas mall and office high-rises all over the globe...."We hope it's no more than six months away from a groundbreaking," said Mr. Woods. "The first building will be 18 stories with retail on the ground floor."....."It is seeing firsthand the new development going on down there," Mr. Elliott said. "There are eight additional buildings coming on line in the next few years."..... Dallas architect BOKA Powell is designing the two-phase project. BOKA Powell has worked on other buildings proposed for Victory, including a 45-story office and condo tower to be built across the street from American Airlines Center....Almost $450 million in development is under way at Victory.........Next week, Victory's developers are scheduled to announce plans for yet another residential tower

[slfunk]

Designer Starck plans Victory condos

Frenchman says he'll bring 'global view' to 150-unit high-rise

12:19 AM CDT on Tuesday, June 28, 2005

http://www.dallasnews.com/sharedcontent/dw...y.5121dd9e.html

By STEVE BROWN / The Dallas Morning News

"The last time Philippe Starck made a splash in Dallas, he opened a nightclub during the go-go 1980s real estate boom....."

"RICHARD MICHAEL PRUITT/DMN

London developer John Hitchcox (left) and Philippe Starck plan to collaborate with a Boston architecture firm on a 26-story residential building at Victory called the House. So it's only fitting that the French designer is back to play a part in Dallas' current craze

[RedScare]

Ah, the Starck Club. Brings back old memories...what few I can remember.

Funny, how Starck's new tower is walking distance to his old club. He didn't stray far.

[The Great Hizzy!]

"More charming and polite."

Man, to hear people talk about it here in Texas, you'd think that prior to 1990, Dallas was the most snobbish, ostentatious burg ever. I wish I was living here in Texas back then to see for myself. As for these days, Big D seems about normal for large cities in terms of how they treat each other. Most of it fine, some of it bad, some of it exceptional.

Anyway, back to the real topic:

Unfortunately, there seems to be an odd disconnect between DT Dallas and the surrounding neighborhoods. It's very weird, in fact. Even with the growth of Uptown and the opening stages of Victory, there seems to be a pretty noticeable disconnect. And let's not talk about east of DT (Deep Ellum and her sisters) or the areas to the south and west. The wide Trinity Greenbelt is a major contributor, I think, to this overall feeling of disconnect from the core, and I think it's a very good thing that the Trinity River Project is being pushed. Helps give the core more of a relationship to other parts of the city. The one thing about Midtown in Houston, even with its not-quite-ready-for-primetime status, it feels like a quick offshoot of DT, especially along the western portions. I think much of it is because there is not the large geographic and psychological barrier of a Trinity River Greenbelt. If Buffalo Bayou flowed south of downtown and north of Midtown, that disconnect would more or less be there as well. Though, I could be wrong.

Nevertheless, this current disconnect in DT Dalls is only how it appears to me at present. I'm sure that as Victory expands and the 7-11 project gets moving, that disconnect, at least to the north of DT Dallas, will dissipate.

[slfunk]

Steve Brown:

High-rise plans generate high tension

10:01 PM CDT on Thursday, July 28, 2005

http://www.dallasnews.com/sharedcontent/dw...l.1c8019ca.html

"......That roar of the crowd you hear coming from around White Rock Lake isn't for another marathon or softball game......It's the sound of homeowners hollering about plans for a high-rise condo overlooking Dallas' favorite park....But a proposal by developers to erect a 25-story tower on a hill near Garland Road overlooking White Rock Lake is stirring up a hornet's nest...."

"Developers Mark Miller and Leon Backes want to build the high-rise in what has to be one of the best locations outside downtown. The tower would be on a high point on the east side of the lake and would overlook the park, the Dallas Arboretum and the nearby Little Forest Hills and Forest Hills neighborhoods.....and would be about five stories taller than the Crescent complex in Uptown...."

[slfunk]

An article about the office leasing in the Arts District, but contains a blip about a new office building in Victory.

Steve Brown:

A 'turnaround' in the Arts District

http://www.dallasnews.com/sharedcontent/dw...2.18f69be7.html

The Hines Real Estate Investment Trust Inc. ....is also a partner with Victory's developers to build an 800,000-square-foot office tower complex near Stemmons Freeway and Continental Avenue. Hines, one of the country's largest commercial builders and property investors, is best known in Dallas for building the Galleria mall.

E-mail stevebrown@dallasnews.com

http://www.dallasnews.com/sharedcontent/dw...1.1df26242.html

Steve Brown:

Office leasing at Victory

"...............So far the Victory complex near downtown has focused on residential and retail.

But the developers are about to ramp up an office building program for the project.

Hillwood Capital said this week that it has hired Bill Brokaw as vice president in charge of office leasing at Victory.

Mr. Brokaw

Edited September 27, 2005 by slfunk

[slfunk]

A couple more. The Hunt tower near the Arts District is looking like it will be breaking ground real soon. They have marked off a grid around the site and believe they will start demo soon.

If you want to look at Lincoln properties future new tower across from the Ritz go to www.2000mckinney.com

Cirque (formerly the Icon) in Victory has broken ground, they are drilling the piers as we speak. They have just raised the crane on another building infront of the AAC. This is to the pair of building with the enormous LED screens around the plaza.

We do have an announcement on the Madrian Hotel. Unofficial, but think this will become official. Victory is not taking announcements lightly with their project. Also you may be interested that Madrian is entering into Texas in both the Houston market and Dallas market.

Starck is about to break ground. If you want to see more on Victory(majority of activity in downtown right now) go to www.victorypark.com. Here you will find links to the W, Terrace, The House (Starck's). The thing with Victory is they are having a delivery time schedule for each one of its developments. Starck I believe is to be the transition between this current phase and the next phase in Victory.

Downtown-

- Old Red should begin replinshing its clock tower with the interior refurbish coming to an end.

- We have a new underground parking garages shaping up (a 6 story pit has been dug). This garage will be a new connection to the West End from JFK Memorial. The garage will be underneath with an ornate plaza/waterfountains on top.

On Main, we are waiting to see them start going vertical on a new residential tower that will attach to a building currently under renovation. Two different architects - so scheduling is an issue

Forest City and City of Dallas have come to a resolution on the Mercantile building and that will begin demolition either December or early next year.

First Calatrava Bridge Ground breaking is around December 15. I'll follow up as that draws closer.

Edited September 27, 2005 by slfunk

[slfunk]

Lofty plan for West End site

Taking cues from downtown successes, developer plans apartments, shops

http://www.dallasnews.com/sharedcontent/dw...2.22183bec.html

12:00 AM CDT on Saturday, October 1, 2005

By SUZANNE MARTA / The Dallas Morning News

"Spurred by growing demand for urban living and the buzz surrounding the ritzy Victory development, developers plan to convert a long-vacant West End building into loft apartments....."

DARNELL RENEE/Special Contributor

"The Purse Building was constructed in 1905 as a regional warehouse for farm equipment. The historic six-story Purse Building, at 601 Elm St., is slated to house up to 70 residential units, plus some ground-level retail space, said Le Sare Carter, a partner with developer Barker-Nichols LLC.

Ms. Carter said the firm was encouraged by its early success with the Interurban Building at 1500 Jackson St., a downtown high-rise with 134 apartments, and the upscale Urban Market grocery store and eatery."

"...."Residential leasing is very strong downtown, and Victory will bring in a lot more people," she said.

The project reflects renewed interest in the West End, just as Hillwood's nearby $3 billion Victory development becomes more of a reality...."

"...Already, the shell of the W hotel and condominium complex towers over the project, and luxury retailers and high-end restaurants are on the way...."

"....Demand has been strong throughout downtown Dallas, where the center city's 2,200 for-lease units are more than 90 percent leased, said Kourtny Garrett, director of marketing for the Central Dallas Association...."

[RedScare]

Is Victory and AA Center included in downtown's numbers? It sure sounds like it from that article.

[slfunk]

Is Victory and AA Center included in downtown's numbers? It sure sounds like it from that article.

Formerly it does not, and the count is only of whats open. The Dallas Comprehensive plan and Urban Land Institute talk about 10,000 residents in the CBD not including Victory. The number of 2,200 residents currently downtown represents CBD only. Last fall at a lecture series (sponsored by City of Dallas) with the planner who helped plan Portland, announced a goal of 10,000 residents for what Dallas should be concentrating on for a critical mass. I don't think the lecturer was Peter Calthorpe, but some connection to him. TThey are hoping to achive this by 2015, if I remember correclty. The media fuzzes things up. But the article is addresses what they are hoping will happen to the West End as an effect of what is being built adjacent to it in Victory.

Edited October 3, 2005 by slfunk

[slfunk]

From late August...

WHATS NEW DOWNTOWN

Alice Murray

President

Central Dallas Association and Downtown Improvement District

" Everywhere you turn, Downtown Dallas is making news with announcements like its first grocery store to open in July, the donation of a full city block of buildings by Atmos Energy, the planning of the Woodall Rodgers deck-over project, 7-Eleven

[tamtagon]

It's going to be really interesting to follow what happens to downtown Dallas during the next couple of years. A lot of things are coming together to invigorate a new and thoroughly urban environment in the North Texas suburban population center.

As Houston and Dallas both grow deeper urban roots, I think a lot of the energy spent on the rivalry between the cities will be transfered to exploration. While I think it will be years before either metro has enough "city" to keep the attention of a serious urban dweller, proximity to each other will help satisfy the itch.

[slfunk]

Tower on way up at Victory

Residential high-rise is planned for '07, will have 252 apartments

12:00 AM CDT on Tuesday, October 25, 2005

By STEVE BROWN / The Dallas Morning News

http://www.dallasnews.com/sharedcontent/dw...n2.20b9f05.html

"..Work is under way on the next tower at Victory, and developers hope to have the residential high-rise ready by the spring of 2007."

"Called Cirque, the 28-story tower is being developed by Houston-based Hanover Co. Hanover also built the Ashford apartment tower across the street from the Crescent."

"... The building was designed by architects Gromatzky Dupree & Associates...."

"..The building is located just east of American Airlines Center at 2500 N. Houston St."

"...Cirque will have 252 apartments averaging 1,200 square feet. Rents in the building will average about $2,500 a month...."

"..On the seventh floor, the building will have an "aqua lounge," and a fitness center, tennis court and resort-style pool..."

"...There will be 10,000 square feet of retail space on the ground floor."

"..Cirque is the fifth residential building under construction at Victory..."

Edited October 25, 2005 by slfunk

[slfunk]

Fellowship Church buys building in Arts District

Christine Perez

Staff Writer

http://www.bizjournals.com/dallas/stories/...ewscolumn4.html

"Condo developers are doing their part to find new uses for vacant office space in downtown Dallas. Now a booming Grapevine mega-church is doing the same. "

"Fellowship Church has snapped up a 44,300-square-foot office building on 2.1 acres in the Arts District for its new urban campus. The church paid Levco Enterprises $4.3 million for the property at 2809 Ross Ave., near Boll Street on the eastern edge of downtown Dallas. "

"The new satellite location will seat 1,300 and include 20,000 square feet of children's programming space, a bookstore and coffee shop with street access.... "

"With attendance topping 20,000 in Grapevine, the church made a decision last year to expand into other parts of the Metroplex. It opened a 110,000-square-foot campus in Plano in January, as well as a temporary location at North Dallas High School in Uptown. In March, it opened a third satellite at Alliance in Fort Worth...."

Cotton Bowl proposal unveiled

12:22 PM CST on Monday, December 5, 2005

By DAVE LEVINTHAL / The Dallas Morning News

http://www.dallasnews.com/sharedcontent/dw...onbowl.4358e286.

"....The nearly $50 million project would increase the 75-year-old facility's capacity to 92,107 seats and call for the construction of new premium seating areas, restrooms, concession stands, a scoreboard and video board and sound system, according to the 34-page proposal document."

"..The second phase would be funded through a city bond program and include the creation of new media and VIP facilities. The city would also replace Cotton Bowl's current seats, add new lighting and upgrade utilities. "

"An expanded upper deck wrapping around the Cotton Bowl's end zones would constitute the additional seating, the proposal indicates. "

Edited December 5, 2005 by slfunk

[slfunk]

2 downtown towers bought

Dallas redeveloper leads partnership in purchase of historic buildings

08:24 PM CST on Tuesday, December 20, 2005

By STEVE BROWN / The Dallas Morning News

"An investor with a redevelopment track record has purchased two downtown Dallas historic buildings.

The art deco Tower Petroleum Building and the mid-century modern Corrigan Tower have previously been considered for residential conversion.

A partnership headed by Dallas investor Rita Scarfo bought the two buildings, according to Dallas County deed records. .."

"..Downtown real estate brokers say the new owners are studying development plans for the properties."

"..Built in 1931, the Tower Petroleum Building has been hailed as an architectural gem because of its stone and terra cotta exterior and stepped-back roofline.

The 22-story Elm Street high-rise was designed by noted Dallas architect Mark Lemmon, whose credits include the Highland Park United Methodist Church and Woodrow Wilson High School...."

"..Constructed to house the city's oil and gas firms, the Tower Petroleum Building also was the first home for Dallas' Petroleum Club. During the 1950s, the building was remodeled to include the lobby for the Tower Theater on the ground floor..."

"Adjoining the petroleum building is the 17-story Corrigan Tower on Pacific Avenue. Built in 1951 by Dallas real estate tycoon Leo F. Corrigan, the building originally cost $5 million."

"Terms of the transaction were not disclosed. "

[Dallasboi]

Great!!!!

[slfunk]

Ross Avenue may get tower

Developers buy most of downtown block for mixed-use project

12:00 AM CST on Thursday, December 29, 2005

By STEVE BROWN / The Dallas Morning News

http://www.dallasnews.com/sharedcontent/dw...2.188a4803.html

"Developers have purchased most of a downtown block on Ross Avenue and are studying plans for a high-rise..."

"..."We bought everything on the block but the fire station," United Commercial president David Dunning said Wednesday. "We are going to do mixed-use with high-rise residential."...."

"Dallas architect Phillip Shepherd

[tamtagon]

Big D is really getting some traction.

Slfunk, I dont remember, had you already shared about 3J Development LLC rennovations:

DALLAS (DallasNews.com)

Edited December 30, 2005 by tamtagon