DALLAS FORT WORTH | Urban + Suburban P & C

[JoninATX]

Designs complete for Dallas’ new $750 million Four Seasons hotel

The developers of a $750 million Four Seasons hotel and condominium tower on Dallas’ Turtle Creek have finished their plans for the luxury project and are working on financing.

Boston-based Carpenter & Co. and Dallas’ Perot family last summer got city approvals for the high-rise development. Since then, the team has been working with architect Pelli Clarke Pelli to design the tower while hunting for construction funding.

“We will have three restaurants and six or seven bars in the project,” Carpenter said. He’s signed the first dining venue: Zuma, an award-winning contemporary Japanese cuisine restaurant that opened its first location in London in 2002. Zuma now has almost two dozen locations in Europe, the United States, Asia and the Middle East.

Carpenter said there’s strong demand for another luxury hotel in Dallas.
“Dallas is just on fire,” he said. “Everybody loves Dallas.”

$ https://www.dallasnews.com/business/...seasons-hotel/

[Altoic]

Never saw this proposal! I don't know if there's a dedicated thread for it...

“Field Street District” Office High-Rise/Residential Tower to Ascend in March
https://www.connectcre.com/stories/f...cend-in-march/

Pacific Elm Properties, an affiliate of Wood Partners, expects to deliver an 18-story office tower and a 25-story multifamily high-rise as part of the first phase of a mixed-use development. The project, slated for the Field Street District in Dallas, is anticipated to cost $350 million. Construction on the 915,200-square-foot office space is expected to start in March and is projected to be completed in 2027. The apartment complex is slated to house 300 units.

The Beck Group is listed as the design firm on the filing. The Dallas Morning News reports Woods Capital and Kaizen Development Partners partnered with Dundon Capital Partners to purchase the parcels at 1012 and 1100 McKinney Ave in 2019.

http://www.fieldstreetdistrict.com/

[Dale]

^ How many proposals have there been for that site ?

[R1070]

Originally Posted by Dale

^ How many proposals have there been for that site ?

I think this is the first update from the original from this developer. This site was where a planned South Asian museum was to be built at one point, but that fell through.

I like that the residential portion is taller, but I'd like to see the office tower gain some height to be closer in size to the original design.

[eburress]

Originally Posted by Dale

^ How many proposals have there been for that site ?

This rendering and what's shown on the http://www.fieldstreetdistrict.com/ and http://www.fieldstreetdistrict.com/ sites are both old. And yes, they've gone through several iterations of this project's design, each one getting smaller and worse.

This is the project's latest version. You'll notice the single story structures in the foreground.

[R1070]

Originally Posted by eburress

This rendering and what's shown on the http://www.fieldstreetdistrict.com/ and http://www.fieldstreetdistrict.com/ sites are both old. And yes, they've gone through several iterations of this project's design, each one getting smaller and worse.

This is the project's latest version. You'll notice the single story structures in the foreground.

What's pictured there was always the smaller of the two lots. The lot to the West is where the proposed taller tower is, so hopefully we something more significant go to that space. As for the low rise buildings in the foreground. Those appear to just be placeholders as we've seen done in the Harwood District and West Village. Anything is better than a surface parking lot. I imagine as the market continues to change, these renderings will change again as well.

[Dale]

It does look pretty slick. Odds on this going ahead ?

[kenc]

Although this is a big win for Downtown Dallas ( 5000 workers in the central core ) the complex itself is a disappointment to many here. Basically an eleven story suburban office complex more at home in Plano or Frisco. Those 80 story towers originally part of the plan were more click-bait that reality.

[Zapatan]

Originally Posted by kenc

Although this is a big win for Downtown Dallas ( 5000 workers in the central core ) the complex itself is a disappointment to many here. Basically an eleven story suburban office complex more at home in Plano or Frisco. Those 80 story towers originally part of the plan were more click-bait that reality.

I think there was one 80 story tower, but then a concept of two 50 story towers plus a bunch of other high-rises was floated around.

I don't know how serious of a prospect that is but I don't think that the first building of Goldman Sachs headquarters is part of that, so maybe there's still a shot at a few decently tall buildings?

Someone who knows more / lives in Dallas please enlighten me.

[DCReid]

Originally Posted by kenc

Although this is a big win for Downtown Dallas ( 5000 workers in the central core ) the complex itself is a disappointment to many here. Basically an eleven story suburban office complex more at home in Plano or Frisco. Those 80 story towers originally part of the plan were more click-bait that reality.

The article says :"Goldman Sachs will move workers from downtown Dallas..." I don't think this complex is right downtown but on the edge of it. From articles I have read, companies have been moving offices out of downtown Dallas to areas like uptown...but maybe some of those workers relocating from the suburbs of Richardson and Plano will chose to live downtown if they are forced to come into the office...

[Green Country]

Originally Posted by DCReid

The article says :"Goldman Sachs will move workers from downtown Dallas..." I don't think this complex is right downtown but on the edge of it. From articles I have read, companies have been moving offices out of downtown Dallas to areas like uptown...but maybe some of those workers relocating from the suburbs of Richardson and Plano will chose to live downtown if they are forced to come into the office...

Correct. The Goldman Sachs building is being built in Uptown, not Downtown, and half (or more) of the expected employees will be moving in from Downtown.

[DCReid]

Originally Posted by Green Country

Correct. The Goldman Sachs building is being built in Uptown, not Downtown, and half (or more) of the expected employees will be moving in from Downtown.

Downtown Dallas Has Lost Its Competitive Edge, But A Dedicated EDC Could Lift It Back Up.

September 29, 2023, Olivia Lueckemeyer, Dallas-Fort Worth BisNow

Downtown Dallas continues to lose office business to its neighbor to the north, and at least one developer believes the antidote is to add new buildings.

Last week, Bank of America announced it would ditch its downtown digs for a new building facing Klyde Warren Park. Chase Bank is also leaving downtown in favor of Uptown, as is Goldman Sachs.

https://www.bisnow.com/dallas-ft-wor...back-up-120902

[Zapatan]

Will the GS complex cover the whole site owned?

I know the other projects were just conceptual but I wonder if it could lure developers to build if there's more lots to develop.

Not sure if it's a realistic place for 50+ story apartment towers but it's cool thought.

[R1070]

Originally Posted by Zapatan

Will the GS complex cover the whole site owned?

I know the other projects were just conceptual but I wonder if it could lure developers to build if there's more lots to develop.

Not sure if it's a realistic place for 50+ story apartment towers but it's cool thought.

It will not cover the whole space. there will be other lots created when the street grid is restored.

[DFW]

30-story 445-ft uptown tower to break ground this week.

https://kdc.com/our-work/parkside-uptown

https://www.dallasnews.com/business/...wer-in-dallas/

[Zapatan]

Originally Posted by DFW

30-story 445-ft uptown tower to break ground this week.

Wow, big news, that's almost a skyscraper.

It will not cover the whole space. there will be other lots created when the street grid is restored.

That's good, I'm assuming high-rises will likely go there?

[Wattleigh]

https://www.dallasnews.com/business/...wntown-dallas/

First look: New high-rises on the way north of downtown Dallas

Uptown area office and residential towers are planned in KERA’s Chalk Hill development on Harry Hines Boulevard.

By Steve Brown

5:00 AM on Nov 8, 2023

Developers are giving a first look at two new high-rises planned in the Uptown area north of downtown Dallas.

Kaizen Development Partners and public broadcasting station KERA in September disclosed they formed a partnership to build the mixed-use project called Chalk Hill on the broadcaster’s property along Harry Hines Boulevard at Wolf Street.

KERA is selling 2.4 acres of its campus to Kaizen, which has a track record of building offices in Uptown, Allen and McKinney. KERA will also build its new headquarters and studios on part of the site, with construction planned to start late next year.

Detailed plans for the development were presented Tuesday evening to the Oak Lawn Committee.

The project is planned to include a 21-story, 396,000-square-foot office tower, a 27-story 287-unit residential building and 19,725 square feet of retail space.

Kaizen already has the zoning to build the office high-rise and is seeking a specific use permit for the residential tower, which would have ground level retail space. The buildings would be supported with a combination of underground and garage parking.

Kaizen is teaming up with Crescent Communities on the apartment tower. Architects BOKA Powell, WDG and SWA Group are working on the project.

[Dale]

^ It’s like the CBD is poison to developers.

[R1070]

Originally Posted by Dale

^ It’s like the CBD is poison to developers.

There's still some stuff going on there, but not as hot as other areas of Central Dallas. There's just so much available land around Dallas, that the need to build in one area isn't a necessity. I think we'll start to see more momentum downtown as the area continues to be invested in (new parks, new modern streetcar lines, new convention center, etc.).

[llamaorama]

Originally Posted by R1070

There's still some stuff going on there, but not as hot as other areas of Central Dallas. There's just so much available land around Dallas, that the need to build in one area isn't a necessity. I think we'll start to see more momentum downtown as the area continues to be invested in (new parks, new modern streetcar lines, new convention center, etc.).

I dunno, there's a lot of clustered development in one tight spot in uptown now. Uptown is becoming the new downtown, in terms of offices. But offices are boring and not what they used to be because of work from home, so whatever. Uptown is pretty blah IMO, it's just luxury offices and towers with underground parking garages full of Audi's. That said Downtown is too much on the other side of the spectrum with bums and meth heads everywhere and it's not a good place to be.

It's disappointing that these things are migrating further from DART, though I wonder how many office workers at Bank of America or Goldman Sachs would ever use transit. And look on the bright side, at least Uptown is directly across the highway from Downtown and still effectively in the city center, rather than a Houston type situation where the CBD, although slightly healthier, is very far from the new regional core which around the Galleria and out I-10. It would be like if Uptown Dallas didn't exist and instead the same amount of development was strewn along 635 instead (along with what's already there).

I think Dallas should prioritize entertainment, tourism, higher education, and governmental office space in the original CBD and let the cards fall. I don't think the macro trend of declining office demand is something that the city of Dallas could ever stop.

Also the homeless services and congregation points need to be relocated out of the CBD. I'm not saying that an individual who may or may not be homeless can't exist in a public space if they are doing nothing illegal, this is a free country after all. But like, shelters and groups that do feeding services, etc, need to be given space somewhere else preferrably on the other side of I-30/345 and there needs to be zero tolerance for laying around on the sidewalk.

Not sure if it's possible but I wonder how hard it would be to get rid of Star Liquor by West End Station.

I know real life isn't SimCity but whole area needs to be redone. Re-align streets, etc to make it possible to redevelop those lots. How much parking does that part of Downtown still need if many of the office workers have left and the homeless turned West End into a ghost town 30 years ago?

Despite all the articles saying its impossible to convert midcentury high rise office towers to residential because their floors are too big or whatever, hasn't Downtown Dallas been almost a leader in that?