4 Of The Most Massive Mixed-Use Projects In Dallas’ Pipeline
Want to get a jump-start on upcoming deals? Meet the major Dallas-Fort Worth players at one of our upcoming events!
Construction cranes are building every asset class from White Settlement to Mesquite and from Denton to Waxahachie. A handful of projects within Dallas blur the lines of asset classes with massive mixed-use developments. Here is a look at four of the largest under construction.
The former Valley View Center mall met a wrecking ball in June when demolition began to make way for Beck Ventures’ $4B master planned development. The project, at the corner of Preston Road and Interstate 635, will have 1,000 multifamily units, a 440-room hotel, 500K SF of offices, 400K SF of retail anchored by a Life Time Fitness and a Cinépolis movie theater, and walking trails connecting to White Rock Lake. Its first phase delivers in 2019.
Trammell Crow’s dual-tower, mixed-use development, named for its proximity to Klyde Warren Park, will bring 900K SF of office, retail and multifamily online. PwC Tower, the 20-story office project named for its 200K SF anchor tenant, topped out in April and will deliver in January. The 33-story, 228-unit residential tower by HighStreet Residential will begin pre-leasing this fall. Leases on the 20K SF of retail have yet to be publicized. The Office of James Burnett, the architect of famed Klyde Warren Park, designed the plaza connecting the office and residential towers.
Westdale and KDC’s eight-acre, transit-oriented development at Good Latimer Expressway and Pacific Street in Deep Ellum will combine office, multifamily and a boutique hotel when it is completed in late 2019. An adaptive reuse will turn the Union Bakers Building into a new, 164-room Pittman Hotel, developed by Vine Street Ventures. KDC’s 250K SF office tower will have 10 floors, along with a rooftop café, an amenity deck, a fitness center and ground-floor retail. Perkins+Will is the architect for the office tower, and Balfour Beatty is the general contractor. StreetLights will develop 300 units of multifamily in a 20-story tower. Craig Henry from Looney Ricks Kiss is designing the multifamily tower.
The Union Dallas
Centered around a 60K SF Tom Thumb grocery store, this office, retail and residential development will deliver at the seam between Uptown and Victory Park on Cedar Spring Road in 2018. The Red Development project is being constructed by DPR. Primoris Services Corp., Weaver and Akin Gump have inked leases in the 22-story office tower. In December, law firm Vinson & Elkins agreed to lease three floors at the Union, effectively allowing the development to break ground. But in April, Vinson & Elkins backed out and announced it would stay at its Downtown office in Trammell Crow Center. StreetLights is building a 23-story apartment tower with 309 units called The Christopher.