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New Trophy Tower?

wxman

By wxman
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wxman

wxman

Posted
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I saw in the Dallas Biz Journal today that Dallas may get a massive new trophy tower that may exceed 1.5 million sq. ft. with no height restrictions. Hate that...

 

Question becomes: do you think a Dallas developer will go for the gold and erect Texas' newest tallest tower? If so, does Houston then play second fiddle to the snobs of the north?

 

http://www.bizjournals.com/dallas/news/2013/11/06/ross-perot-makes-key-land-buy-in.html

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arche_757

arche_757

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I don't think he will build something that is 1003' tall - at least nothing that tall from ground to roof.

 

The tallest buildings in Texas: are 1.9 (JP/Chase), 1.8 (Wells Fargo), 1.8 (BoA Plaza - Dallas) and 1.4 (Williams) in square footage.  Just going by those examples it would seem that we may expect perhaps a 60 floor building, but nothing much taller?

 

I doubt if something taller does get built that some developer will want to build a super tall here just because.  Maybe in a few years or next decade?

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arche_757

arche_757

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I should add - just because there aren't restrictions of any kind doesn't mean that Ross Perot Jr will build the next Sears Tower there.  Dallas was in a boom period far greater than this and the Bank of America Plaza was the largest building then constructed.

 

What I bet will happen is a multi-purpose building approaching 850 feet will be built.  That would make it Dallas' 2nd tallest (excluding non-ornamental stuff) and taller than anything in Texas except the previously mentioned buildings.

 

It will be nice to see a significant building that is new on Dallas' skyline.  Despite the solid growth years up north they haven't really built anything more than 20 floors in downtown.

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Marcus Allen

Marcus Allen

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Posted

I am a native Houstonian, but am TX proud, unless TX is acting idiotically, lol. So, I don't mind if Big D, SA or Austin get iconic towers, BUT, I do want HTown to lead the way when it comes to supertalls. We are touting ourselves as a world city; the energy capital of the world. It then follows that we should have an iconic, world class 1200 plus footer. Period. DT preferably.

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Houston19514

Houston19514

Posted
Posted (edited)

+/- 21 floors at 1.5 million sq ft? That's a beast.

 

No.  The building pictured is what has been proposed for a site in uptown Dallas.  Construction awaits an anchor tenant.  it will of course be nowhere near 1.5 million square feet (assuming it even gets built).   EDIT:  FWIW, the building pictured was "announced" a little more than 1 year ago.  20 stories, 470,000 square feet of office space; 60,000 square feet of retail.  At the time of the announcement, construction was slated to start in 2013.

 

On the subject of the "new trophy tower", there is very little to it.  All that has happened is that Ross Perot Jr. bought a parcel of land on the edge of downtown Dallas that is zoned to "allow" more than 1.5 million square feet.  No plans have been announced and it is likely that Perot has no specific plans for the plot at this time.  Given the office market in Dallas, it is highly unlikely that anything even approaching supertall status will be going up and it is also highly unlikely they will build anything approaching 1.5 million square feet.

 

The smart money is on this scenario:  The site became available for what Perot saw as a good price, especially given that the site produces income (it is leased to Bank of America).  Perot buys the site and makes a fluff PR statement about it being a prime gateway site for an iconic statement, yadda yadda yadda.  I think we can expect to see the BofA drive-through in operation for quite some time.

Edited by Houston19514
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Montrose1100

Montrose1100

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Posted (edited)

Double FWIW Marcus Allen, we have the only two super talls in the state (Super tall is defined as a tower over 300m).

I guess we will wait and see what Mr. Perot has in mind. I don't see our neighbors to the north building anything that tall in a long time... Unless it is a total signature that breaks 300m. Otherwise there is too much available space to compete with. But I guess that didn't stop the Museum Tower from being built did it?

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  • 2 weeks later...
strickn

strickn

Posted
Posted

Central Expressway is already getting a 1.5Msf lease up at Cityline (a new CityCentre-style mixed-use lifestyle TOD) from State Farm, which is moving jobs from Illinois.  

 

Houston will probably always "lead the way", and I guess you can call it that, with giant filing cabinets for people in business suits, because the pump it and sell it mentality leads to more hierarchical organizational structure, and built environment to match, than the networked models where Dallas makes its new money now.  All of DFW's skyrises date from the epoch when it was the FIRE capital of the Southwest, which was then a "developing country" to the rest of the U.S.' First World -- days we will not see again.

 

The only possibility I can see for this particular investment is if first-tier markets have become so overpriced again already that some of their investors look to Dallas and to Houston for better development deals and timelines.

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HoustonIsHome

HoustonIsHome

Posted
Posted

I don't know about Downtown Dallas getting any really tall building anytime soon.

The office vacancy rate its ridiculously high at 30%, and the residential market didn't have that much of a demand to warrant a really tall building.

If anything I would expect a tall tower to go up in nearby uptown Dallas, if its mixed use, before one goes up in downtown

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  • 4 months later...
Sellanious Caesar

Sellanious Caesar

Posted
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Two of them

Along with Todd's plan, Sarimsakci, a Turkish developer working on redoing 211 N. Ervay St. near Pacific Plaza, has put together some plans with architectural firm HOK to bring the site to its "highest and best use."

Sarimsakci's plans include two residential towers -- one 70 stories and the other 60 stories -- totaling 1,300 condo homes with a deep below-ground parking garage totaling enough spaces for 1,855 cars. The towers would include ground floor retail for a grocery store or other retail space.

Those parking spaces could mean a lot to Sarimsakci, who has no devoted parking for his 18-story aquamarine building.

Along with bringing more parking to the city's center, the towers would help downtown Dallas fulfill its desire for more homes in downtown, as well as create a green space and amphitheater for people to gather and enjoy the park, said Sarimsakci, who leads Alterra International, which is undergoing a rebrand to Alto.

"We want to create density on this park," he told me. "This would be the tallest concrete structure west of the Mississippi River; we want to push the envelope with this project."

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HoustonIsHome

HoustonIsHome

Posted
Posted

That's irritating! It should be Houston!

Don't be upset at pie in the sky announcements. Houston is getting actual towers not speculating and pitching unrealistic plans.

Fact of the matter is Museum tower has sold what 14 out of 119 units.

Other buildings like the Beat lofts remain really empty.

I doubt two giant towers with a zillion units will plop in dallas anytime soon

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Dallaz

Dallaz

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Posted (edited)

Looks pretty serious.. Lol

I wish the renderings were better but the article did say that the developer is working with HOK. Hopefully, better renderings will be released very soon.

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monarch

monarch

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thank you kindly, as per sharing dallaz.  no matter the "silly season" rhetoric, regarding dallas not being able to fill up certain edifices that are now upon lease measures.  who really cares, about this rhetoric?  i am a houstonian, that absolutely loves our fair city upon the bayou.  however, imo, it is a well known fact, that whenever dallas decides to go full measures ahead, as per any related project..  not only shall they succeed at it, but they always become a bit more "world class" than before.

 

"hat's off" to you, as per sharing with us these wonderful prospective illustrations.  "hat's off" to dallas, as per constantly striving to remain the glamour capital of texas.  (there is simply nothing wrong with this achievement).

 

nonetheless, please bare in mind that "houston" is called the "fourth largest city upon the nation" for a reason.  we are BIG and constantly growing.  the momentum, has boomeranged right back down south, upon the ever sparkling bayou city.  we are now taking off, full speed ahead..  just like a rocket!  and whenever we land..  we will land upright, the same way we take off!
 

 

Pictures of the proposed residential towers

pacific-plaza4-copy*600.jpg
pacific-plaza5-copy*600.jpg

 

 


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Dallaz

Dallaz

Posted
Posted

For $600 million, developer proposes garage, ‘fancy’ grocery and two 70-story residential towers for Pacific Plaza

http://cityhallblog.dallasnews.com/2014/05/for-600-million-developer-proposes-garage-fancy-grocery-and-two-70-story-residential-towers-for-pacific-plaza.html/

Back to Sarimsakci’s proposal, which he says will cost $600 million and involve a public-private partnership that involves the city becoming a “20 percent partner in the deal.” That right there might be a sticking point: City officials killed an earlier proposal involving an underground parking structure when they told Tower Petroleum and, for now, Corrigan Tower owner John Kirtland they didn’t want to be in the parking-lot business.

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arche_757

arche_757

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^Cool.  Not sure if I agree that CoDallas needs to be a 20% partner on this (if I'm reading right?).

What do you think Dallaz, as a resident of the Big D?

 

Also, I agree these are trophy towers but I don't think they're any where near 300meters in height.  If this does come to fruition I'll be glad since it makes sense either Dallas or Houston would have the tallest residential towers in the state and not Austin.

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Houston19514

Houston19514

Posted
Posted

For $600 million, developer proposes garage, ‘fancy’ grocery and two 70-story residential towers for Pacific Plaza

http://cityhallblog.dallasnews.com/2014/05/for-600-million-developer-proposes-garage-fancy-grocery-and-two-70-story-residential-towers-for-pacific-plaza.html/

Back to Sarimsakci’s proposal, which he says will cost $600 million and involve a public-private partnership that involves the city becoming a “20 percent partner in the deal.” That right there might be a sticking point: City officials killed an earlier proposal involving an underground parking structure when they told Tower Petroleum and, for now, Corrigan Tower owner John Kirtland they didn’t want to be in the parking-lot business.

 

ROFL   LOVE the renderings.  

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