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Originally Posted by dch526
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The good news for Dallas continues! Construction on the new J.P.Morgan Chase tower located next to Trammell Crow Center is to start before year's end.
The new high-profile tower could easily reach a significant height (40-60 stories) given the number of parking spaces, retail, apartments and hotel rooms it will have. With groundbreaking before year's end renderings should be forthcoming soon. Another parking lot bites the dust!
J.P. Morgan's mixed-use development adjacent to Trammell Crow Center 'critical' to skyscraper
Candace Carlisle, Dallas Business Journal, Aug 12, 2015, 4:09pm CDT
J.P. Morgan Chase & Co.'s decision to add a high-profile, mixed-use development near Trammell Crow Center in downtown Dallas is a 'critical' move for the future success of the skyscraper.
"The addition of the parking spaces is absolutely critical," Phil Puckett, an executive vice president for CBRE, told the Dallas Business Journal. "Parking has become a very in-demand requirement by tenants in that sector of town right now."
With KPMG fully moved into KPMG Plaza, Puckett said executives and employees that had previously parked in the building's 2,000-space parking garage have become displaced and available parking has become scarce.
That doesn't include the company expansions and relocations to the city's central business district that are further exacerbating the problem of skyscrapers in downtown Dallas being under-parked.
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Construction is slated to get underway by the end of the year. The upscale hotel is expected to attract a nationally-branded flag.
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Full article:
http://www.bizjournals.com/dallas/news/2015/08/12/jp-morgans-mixed-use-development-adjacent-to.html