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wxman

New Trophy Tower?

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The key phrase was " we are pleased with the sales." That's not what she asked. If sales were up he would have spoke to those numbers. Other than that, this webisode gives me hope to win the lottery, so I can move in to one of those someday.

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Look at this

What a stupid video that had literally 0 value to me or probably anyone

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What's the status on the two-tower proposal for Pacific Plaza?  Was the official height ever announced for the taller of the two?

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New DBJ article about the Hillwood project (subject of the original post).  

 

"HOK was selected among several finalists for a high-rise, mixed-use development in Dallas... HOK is adding an experienced architect to its Dallas office to help work on the project. HOK's Ben Crawford will relocate from the company's Houston office to Dallas, with the title of senior principal of design."

Edited by strickn

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It is a just a dream.  I will correct myself when they pour the foundation.  First it was two 70 floors buildings, now it is one 76 floor building.  With Downtown Dallas with 30% occupancy.  Cannot wait to see the renderings.  

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I know you meant DtD has 70% occupancy, 30% vacancy.  You are correct.  What you miss, though, is that Uptown carries average rents ten dollars per square foot above DtD's with scarcely 10% vacancy:  This building is not a northern outpost of downtown, but a southward extension of uptown.  I don't really care about the rendering - trophy towers are all decorated filing cabinets anyway - but its mixed-use complex, that's different.  It more than any other project has the opportunity to start to curate better social relations in both neighborhoods, beginning to make them more than just a forest of filing cabinets.


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I know you meant DtD has 70% occupancy, 30% vacancy.  You are correct.  What you miss, though, is that Uptown carries average rents ten dollars per square foot above DtD's with scarcely 10% vacancy:  This building is not a northern outpost of downtown, but a southward extension of uptown.  I don't really care about the rendering - trophy towers are all decorated filing cabinets anyway - but its mixed-use complex, that's different.  It more than any other project has the opportunity to start to curate better social relations in both neighborhoods, beginning to make them more than just a forest of filing cabinets.

 

 

You are correct about the relative Class A vacancy rates, but do you have a source for the claim about Uptown Dallas rental rates compared to Downtown Dallas?

 

According to Transwestern, the Class A Asking Rate for Uptown in 1st quarter 2014 was $26.60.  Downtown Dallas:  $25.61 (Uptown Dallas is only the 6th most expensive office submarket in the DFW region.)

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Cassidy Turley is the only one I checked.  I haven't compared how many square feet they're counting compared to Transwestern in each of the respective submarkets.

 

Interesting that the 2 services show such different results for Uptown Dallas.  I wonder what's up with that?

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It is a just a dream.  I will correct myself when they pour the foundation.  First it was two 70 floors buildings, now it is one 76 floor building.  With Downtown Dallas with 30% occupancy.  Cannot wait to see the renderings.  

Where are you getting 76 floors? The article was talking about a project HOK did in Saudi Arabia.

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Your right Emporis had two 70 floor buildings but removed them.  I thought they want to redo Pacific Plaza as a park.  Dallas Metropolis needs to update their website.  Sorry about that.   

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I got to look at Transwestern's numbers (DFW link, Houston link).  They count 2300 office buildings in Greater Dallas, 700 in Greater Ft. Worth, and 2500 in Greater Houston.  Given that Dallas' Metropolitan Division had (April 1, 2012) 4.41 million people to Houston MSA's 6.22 million, that supply is a significant structural difference between the two markets. 

 

Q1 2014 Office Markets Pie chart fodder (Fort Worth/Mid-Cities excluded)

 
259.5 Msf with 25.3 available and 16.8 u/c (Greater Houston)
245.8 Msf with 32.0 available and 5.4 u/c (Greater Dallas)
 
$29.34 and $20.17  Houston's A and B Q1 2014 average office asking rates psf
$25.06 and $17.79  Dallas' A and B Q1 2014 average office asking rates psf
 
so if Houston's population is 100, office space is 100, and class A asking rate is 100...
then DAL's M.D.population is 71, but its office space is 95, and class A asking rate is 85.4
 
(95/ 71)* 85.4 = 114.3 is a measure of relative office market spending size per capita
 
 

It surprises me that the Dallas vacancy rates are considered surprising.

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Well, Ben Crawford has been taken from Houston to head the Dallas HOK team and build the new Perot Tower or whatever it will be called.

 

http://www.bizjournals.com/dallas/news/2014/08/26/new-hok-leader-helps-win-hillwoods-new-dallas-high.html

 

http://www.hok.com/design/type/commercial/capital-market-authority-tower/

 

His Capital Market Authority tower in Saudi Arabia is breathtaking.

76 Stories. 1,260 feet. Mmmm.

Dallas would have the tallest bldg west of the Mississippi. Something that hasnt happened since 1954 if he built something like that here.

 

The zoning on the property allows for a development in excess of 1.5 million square feet of density with no height limit.

 

I'd be fine if he would just copy the CMA and build it downtown. The Perot spot is zoned for no height limit afterall. So all that talk about Dallas having FAA height limits is now officially doodoo. Bury it.

 

Would it make Houstonians mad if we got a 1,200 footer? Maybe upset some LA skyscraper fans too (US bank Tower 1,018ft)

 

Realistically I dont think it will be that tall maybe more like 950ft to 1,100ft finally making the BOA 2nd tallest. It definitely needs to be taller than the 787ft Comerica (I dont count the 886ft Renaissance because of the crown it wears)

 

We dont know all the facts yet but if Perot was just making a 30 story 400 ft Mickey Mouse box he would'nt of enlisted the heavyweights. Something big is brewing.

 

exterior-night.jpg

Edited by JasnoDTX

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Actually, there's a shortage of luxury condo towers in the core. That's why Harwood is starting the Bleu Ciel

 

Exactly,

In recent months Downtown has been leasing up units very well.

 

Also

The Bleu Ciel, Mckinney & Olive and the Dallas One Tower............in addtion to whats going up around the Cityplace area are just going to make the city's core area pretty impressive. 

 

And it's all been approved. Not pipe dreams.

 

Also I think some here on this thread are confusing the Pacific Plaza Park project with the Hillwood HOK Ross Perot Jr project. These are separate.

 

I personally find the Perot project more exciting. But if they BOTH go up?....Wholly Sh!! :o:D

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Thanks great detail they always need Fort Worth all the time.  Very interesting.

 

Actually no Kitten. Many of us Dallasites are sick and tired of being grouped with Fawrt Warth. I dont even like saying the name. Sounds like there's a steak in your mouth when you say it.

 

Okay I sound kindav harsh. I dont hate Ft Worthians but many of us Dallas natives are tired of hearing "Dallas-Fort Worth" or "DFW" on everything from the News,TV,radio, commericials....

 

 

That one thing Im jealous of other major cities.

"Atlanta's favorite news channel!"

"Chicago's number one furniture outlet"

"Keep it locked it here on Houston's best smooth jazz K^$?"

 

Its the reason I make my name JasnoDTX and not JasnoDFW

 

Ugh. We want to be our own city. Yes I know we have the 4th largest Metro status in the nation but I personally dont care. I dont see that as status because its shared with THEM.  Im actually proud of Dallas County which destroys Bexar County(San Antonio) by over half a million! ..Without using metro. Anyways just ranting. I like this forum.

Edited by JasnoDTX

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That's very funny at the Houston-The Woodlands-Sugar Land MSA does not include Beaumont! :lol:

 

Exactly. I saw another thread saying Dallas and FW would split in the 2020 census. I'd be fine with that. I dont care too much about metro pop. status. Make us more individual. But our cities are so damn close we have to share TV and radio station's <_<

 

We dont mind being grouped in with Plano,Frisco, and our immediate neighbors but Fawrt Wawrth and its children need to stick to their own side.

Edited by JasnoDTX

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hmmmmmm... I know that those of us in Houston aren't supposed to bash our fine neighbors to the north on this forum, prolly to avoid a snarkfest breaking out - but I guess there aren't many people with FtW connections on here that are going to give two hoots in Hades what Dallasites think.  

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Exclusive: Turkish developer to buy land near Dallas City Hall for $1.2B multitower project

http://www.bizjournals.com/dallas/news/2014/10/24/exclusive-turkish-developer-to-buy-land-near.html?full=true

"These towers would be the tallest west of the Mississippi," Sarimsakci told the Dallas Business Journal in an exclusive interview. "We are going to do it. We have the land under contract and Dallas needs to shine.

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Thanks for the posts Dallaz. I love these types of proposals. But I've become cautious because its seems they never happen. Of course I hope they do.

 

Between the Perot/HOK, Pacific Plaza and these Turkish guys....SOMEBODY needs to give us a SUPERTALL. hahaha! Quit promising a bunch and just build ONE haha. :D

 

Sarimsakci is my new hero. I love his enthusiasm!

Edited by JasnoDTX
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Wow, hope this happens! I like seeing any Texas city doing something big.

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With the price of curtain wall glass soaring as it is, hopefully HOK builds a shell that frames the views and isn't just another 1980s shiny prism.

 

Thats a great design though I've seen a pic one similar to that in China that I like better. Can't find the pic though, So many cool designs to choose from these days. I'd like it to stand out but not be too goofy either. :)

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Thanks for the posts Dallaz. I love these types of proposals. But I've become cautious because its seems they never happen. Of course I hope they do.

 

Between the Perot/HOK, Pacific Plaza and these Turkish guys....SOMEBODY needs to give us a SUPERTALL. hahaha! Quit promising a bunch and just build ONE haha. :D

 

Sarimsakci is my new hero. I love his enthusiasm!

 

 

 

 

This is the same guy who proposed the two 60 story towers at Pacific Plaza. Those two towers are included in this project...... 

Edited by Dallaz

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Yea thats why I crossed out Pacific Plaza on my reply after reading the article. It's seems Sarimsakci wants towers and not to get caught up in all the pacific plaza park and automatic garage complications.

 

"I just wanna build some towers dammit Forget all that other stuff!":) I like how he thinks! :P

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This developer does dream big and aim high! 

 

Seems pretty unlikely that will happen as described - but if he can achieve even 10% of that, would be a good win for that side of downtown

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This developer does dream big and aim high! 

 

Seems pretty unlikely that will happen as described - but if he can achieve even 10% of that, would be a good win for that side of downtown

 

Agreed! 4 big towers seems crazy but you have to respect his determination. Heck give us just one.

But could you imagine if the 4 towers actually did get made? It would change the whole scene of the city. Wow.

 

Here's to hoping he has great success. I'll even congratulate him on a 10 story building. lol :P

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I believe it when I see the cranes.  I just got back from Dallas and all the development is outside Dallas.  I cannot believe Toyota America is moving to Plano!  It is so ugly there.  We have all our cranes up with more to come. 

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No Texan city tells people to dream big.  H-town says, "Dream practically" - Dallas says, "Dream fashionably" - Austin says, "Dream weirdly."  I'm not sure where one can go in this country to dream big.

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We can barely get a 40 story office building downtown what the hell is Dallas going to do with 2 80 story and 2 60 story buildings containing 3 million sqft of office space. . .

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We can barely get a 40 story office building downtown what the hell is Dallas going to do with 2 80 story and 2 60 story buildings containing 3 million sqft of office space. . .

The two 60 story buildings will have 1,200 condo units. Edited by Dallaz

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I'm so envy of Dallas right now.

 

Don't be so envy just yet. Be envy if and when it actually happen.

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I love this guy's ambition. I wish Houston had someone with this type of vision for downtown.

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As much as Im a Dallas booster...and want this to happen I'll try not to get too excited until it happens. :)

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This project is 100% assured! Nothing can stop it! It' s practically built already! Everyone in Houston is jealous because these super tall towers are absolutely, 100% certain to be built! There is no chance this will not happen! I'm going to get a condo there and send Houston a post card saying "KISS MY A...." Dallas is unstoppable! Houston sits stagnant.

In all my years of observing major projects being proposed, NEVER have I seen a project so well thought out, so well funded and such well established, seasoned developers make such a convincing statement to the media which leaves no doubt as to what the future holds for land they don't yet own.

Edited by SMF

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As much as Im a Dallas booster...and want this to happen I'll try not to get too excited until it happens. :)

Yes, I'm the same way but at least we're getting not one site but two sites downtown for possible supertalls.....if only one gets built thats good enough for me. Go Dallas!!!

Edited by D F W
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As much as Im a Dallas booster...and want this to happen I'll try not to get too excited until it happens. :)

You live in a dynamically fast growing city with a rapidly expanding HNWI population and interest from foreign investors.

You are cutting DAL short. Hope all 4 happen. TX with 4 supertalls total 2 supertalls in DAL and 2 in HOU (Chase and Wells Fargo). 300M+ club.

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This project is 100% assured! Nothing can stop it! It' s practically built already! Everyone in Houston is jealous because these super tall towers are absolutely, 100% certain to be built! There is no chance this will not happen! I'm going to get a condo there and send Houston a post card saying "KISS MY A...." Dallas is unstoppable! Houston sits stagnant.

In all my years of observing major projects being proposed, NEVER have I seen a project so well thought out, so well funded and such well established, seasoned developers make such a convincing statement to the media which leaves no doubt as to what the future holds for land they don't yet own.

You're a Dallas booster? It all makes so much sense now..

How is Houston sitting stagnant? We have over 100 high rises proposed or under construction..

What the hell is Dallas going to do with 1200 condos downtown? Isn't museum tower sitting like half empty? And if any of it is office space, forget about it! There isn't a need for any of this.. I seriously doubt it will happen. Not unless this guy has billions to throw down the drain.

Wait.. 3 million square feet of office space??? Lmfao!!! Oh boy. Thanks for the laugh Dallas.

Edited by cloud713

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