Crescent Breaks Ground On Tallest Uptown Tower
Yesterday, developer Crescent Real Estate Holdings broke ground on Uptown’s newest tower aptly named McKinney & Olive (it's also at that corner). In lieu of the ceremonial shovels, Crescent propped up the javelins to represent the entrance sculptures around Uptown. (Good, because we are running out of jokes about guys in suits with shovels.) Here’s Dallas Mayor Mike Rawlings, Pelli Clarke Pelli Architects’ Cesar Pelli, and Crescent chairman and CEO John Goff, and Crescent Real Estate Equities development SVP Joseph Pritchford.
The starchitect says Dallas is in the process of coalescing and becoming a great city, calling this project’s design “the most vibrant and elegant piece of Dallas,” and one that will contribute to the strength of its character and make Uptown a richer, more interesting place. The 3.1-acre site will include 480k SF of office space and 50k SF of retail space for a coffee shop hub plus three restaurants. Law firm Gardere Wynne Sewell has already signed a 109k SF lease to occupy four floors. Crescent execs say to look for more major leasing announcements within the next several months.
Crescent will begin construction immediately, and completion is estimated for summer 2016. (In time for the Olympics, which is probably a coincidence, but maybe not.) The project team includes Crescent Real Estate Equities Limited Partnership as developer; Pelli Clarke Pelli Architects as design architect; Kendall/Heaton Associates as executive architect; Office of James Burnett as landscape architect; and Beck Group (which, we snapped at the event) as GC.