DALLAS FORT WORTH | Urban + Suburban P & C - Page 52

CTroyMathis · #**1021** Posted **Dec 29, 2005, 4:06 PM**

Ross Avenue may get tower
Developers buy most of downtown block for mixed-use project
12:00 AM CST on Thursday, December 29, 2005
By STEVE BROWN / The Dallas Morning News
Visit: http://www.dallasnews.com/sharedcontent/...s_29bus.ART.State.Edition2.188a4803.html

Developers have purchased most of a downtown block on Ross Avenue and are studying plans for a high-rise.

United Commercial Development bought the site at Ross Avenue and Field Street that contains a commercial strip and motor bank.

"We bought everything on the block but the fire station," United Commercial president David Dunning said Wednesday. "We are going to do mixed-use with high-rise residential."

Dallas architect Phillip Shepherd – who was the architect for the Mansion on Turtle Creek hotel and collaborated on the Crescent complex near downtown – has been hired to design the project.

Real estate investors James "Boots" Reeder and J.C. Sterquell also helped with the transaction.

The property was acquired from an out-of-state investor. Terms of the sale were not disclosed, but the block is valued for taxes at almost $3 million.

The commercial strip facing Ross was built in the 1950s, and the bank drive-in, which is leased to Wells Fargo, dates from 1982.

With the construction of the nearby Victory project and ambitious plans for the Trinity River corridor, the property near Woodall Rodgers Freeway is a prime development site, Mr. Dunning said.

"It's exciting what is going on in that area," he said. "Ten years ago, I wouldn't have even thought about doing it."

CTroyMathis · #**1022** Posted **Dec 29, 2005, 4:06 PM**

Ross Avenue may get tower
Developers buy most of downtown block for mixed-use project
12:00 AM CST on Thursday, December 29, 2005
By STEVE BROWN / The Dallas Morning News
Visit: http://www.dallasnews.com/sharedcontent/...s_29bus.ART.State.Edition2.188a4803.html

Developers have purchased most of a downtown block on Ross Avenue and are studying plans for a high-rise.

United Commercial Development bought the site at Ross Avenue and Field Street that contains a commercial strip and motor bank.

"We bought everything on the block but the fire station," United Commercial president David Dunning said Wednesday. "We are going to do mixed-use with high-rise residential."

Dallas architect Phillip Shepherd – who was the architect for the Mansion on Turtle Creek hotel and collaborated on the Crescent complex near downtown – has been hired to design the project.

Real estate investors James "Boots" Reeder and J.C. Sterquell also helped with the transaction.

The property was acquired from an out-of-state investor. Terms of the sale were not disclosed, but the block is valued for taxes at almost $3 million.

The commercial strip facing Ross was built in the 1950s, and the bank drive-in, which is leased to Wells Fargo, dates from 1982.

With the construction of the nearby Victory project and ambitious plans for the Trinity River corridor, the property near Woodall Rodgers Freeway is a prime development site, Mr. Dunning said.

"It's exciting what is going on in that area," he said. "Ten years ago, I wouldn't have even thought about doing it."

TTU Arch · #**1023** Posted **Jan 3, 2006, 2:49 PM**

Strong Demand Fuels Dallas Commercial Market in 2005
By Beverly Ford
Last updated: January 3, 2006 08:24am

http://www.globest.com/news/445_445/dallas/141605-1.html

DALLAS-Strong demand fueled by low interest rates created a boom in Dallas’ real estate market in 2005 with investors shelling out billions for commercial properties at pace that hasn’t been seen since the 1980s.

The city’s biggest sale came late in the year when the New York-based Teachers Insurance and Annuity Association-College Retirement Equities Fund bought the three-building Lincoln Centre project from Metropolitan Life Insurance Co. for more than $250 million. That same week in mid-December, TIAA-CREF sold the two-building Millennium Center in Irving to an unnamed investment partnership along with the additional 600 acres in Las Colinas, which went to Houston developer Hines for $100 million.

Construction also kicked up at Uptown's Victory Park project where a $450-million second phase got under way with the groundbreaking of six new buildings that will bring 600 residential units, 175,000 sf of retail, 120,000 sf of office space, a one-acre park and the W Dallas Victory Hotel and residences to the 75-acre site. A three-building third phase will add another 280 apartments and condos, 135,000 sf of retail and 600,000 sf of office space.

In Downtown, Main Street’s landmark Mercantile National Bank building underwent a facelift when Cleveland-based Forest City Enterprises began a $250-million, mixed-use project to convert the vacant 31-story skyscraper into 225 rental units, 30,000 sf of street retail and 400 parking spaces. The plan also calls for the 14-story Securities Building, 22-story Mercantile Dallas Building and the five-story Securities Annex to be razed and the site rebuilt with a 15-story, 150-apartment structure.

The investment scene also heated up in the city when Morgan Stanley put its four building Texas office portfolio on the market in October. The three class A buildings and one class B, totaling 511,444 sf, which haven’t yet closed, are expected to sell for around $60 million.

TTU Arch · #**1024** Posted **Jan 3, 2006, 2:49 PM**

Strong Demand Fuels Dallas Commercial Market in 2005
By Beverly Ford
Last updated: January 3, 2006 08:24am

http://www.globest.com/news/445_445/dallas/141605-1.html

DALLAS-Strong demand fueled by low interest rates created a boom in Dallas’ real estate market in 2005 with investors shelling out billions for commercial properties at pace that hasn’t been seen since the 1980s.

The city’s biggest sale came late in the year when the New York-based Teachers Insurance and Annuity Association-College Retirement Equities Fund bought the three-building Lincoln Centre project from Metropolitan Life Insurance Co. for more than $250 million. That same week in mid-December, TIAA-CREF sold the two-building Millennium Center in Irving to an unnamed investment partnership along with the additional 600 acres in Las Colinas, which went to Houston developer Hines for $100 million.

Construction also kicked up at Uptown's Victory Park project where a $450-million second phase got under way with the groundbreaking of six new buildings that will bring 600 residential units, 175,000 sf of retail, 120,000 sf of office space, a one-acre park and the W Dallas Victory Hotel and residences to the 75-acre site. A three-building third phase will add another 280 apartments and condos, 135,000 sf of retail and 600,000 sf of office space.

In Downtown, Main Street’s landmark Mercantile National Bank building underwent a facelift when Cleveland-based Forest City Enterprises began a $250-million, mixed-use project to convert the vacant 31-story skyscraper into 225 rental units, 30,000 sf of street retail and 400 parking spaces. The plan also calls for the 14-story Securities Building, 22-story Mercantile Dallas Building and the five-story Securities Annex to be razed and the site rebuilt with a 15-story, 150-apartment structure.

The investment scene also heated up in the city when Morgan Stanley put its four building Texas office portfolio on the market in October. The three class A buildings and one class B, totaling 511,444 sf, which haven’t yet closed, are expected to sell for around $60 million.

CTroyMathis · #**1025** Posted **Jan 3, 2006, 7:25 PM**

DBJ Confidential
Frances Gordon
http://www.bizjournals.com/dallas/stories/2006/01/02/tidbits1.html

Dallas may be set for yet another condo hotel development. Hard Rock Cafe International Inc., which is building its first condo hotel in San Diego, is planning similar ventures in Dallas and Los Angeles, according to a recent report in the New York Times. Hard Rock's chief hotels officer, Trevor Horwell, couldn't be reached for comment. Hard Rock Cafe International is a wholly owned subsidiary of London-based The Rank Group P.L.C.

CTroyMathis · #**1026** Posted **Jan 3, 2006, 7:25 PM**

DBJ Confidential
Frances Gordon
http://www.bizjournals.com/dallas/stories/2006/01/02/tidbits1.html

Dallas may be set for yet another condo hotel development. Hard Rock Cafe International Inc., which is building its first condo hotel in San Diego, is planning similar ventures in Dallas and Los Angeles, according to a recent report in the New York Times. Hard Rock's chief hotels officer, Trevor Horwell, couldn't be reached for comment. Hard Rock Cafe International is a wholly owned subsidiary of London-based The Rank Group P.L.C.

CTroyMathis · #**1027** Posted **Jan 3, 2006, 7:28 PM**

The NY Times article referenced: http://travel2.nytimes.com/2005/12/18/tr...x=1136437200&en=9a9bb572389f70b5&ei=5070
(Reg. required.)

CTroyMathis · #**1028** Posted **Jan 3, 2006, 7:28 PM**

The NY Times article referenced: http://travel2.nytimes.com/2005/12/18/tr...x=1136437200&en=9a9bb572389f70b5&ei=5070
(Reg. required.)

eburress · #**1029** Posted **Jan 3, 2006, 8:16 PM**

Quote:

Originally Posted by CTroyMathis

DBJ Confidential
Frances Gordon
http://www.bizjournals.com/dallas/stories/2006/01/02/tidbits1.html

Dallas may be set for yet another condo hotel development. Hard Rock Cafe International Inc., which is building its first condo hotel in San Diego, is planning similar ventures in Dallas and Los Angeles, according to a recent report in the New York Times. Hard Rock's chief hotels officer, Trevor Horwell, couldn't be reached for comment. Hard Rock Cafe International is a wholly owned subsidiary of London-based The Rank Group P.L.C.

Oooh...that's interesting! I wonder if or how that might impact the old restaurant on McKinney Ave.

In case folks aren't also following the SD thread, here are some renderings of the San Diego Hard Rock (originally posted by sandiego_urban).

eburress · #**1030** Posted **Jan 3, 2006, 8:16 PM**

Quote:

Originally Posted by CTroyMathis

DBJ Confidential
Frances Gordon
http://www.bizjournals.com/dallas/stories/2006/01/02/tidbits1.html

Dallas may be set for yet another condo hotel development. Hard Rock Cafe International Inc., which is building its first condo hotel in San Diego, is planning similar ventures in Dallas and Los Angeles, according to a recent report in the New York Times. Hard Rock's chief hotels officer, Trevor Horwell, couldn't be reached for comment. Hard Rock Cafe International is a wholly owned subsidiary of London-based The Rank Group P.L.C.

Oooh...that's interesting! I wonder if or how that might impact the old restaurant on McKinney Ave.

In case folks aren't also following the SD thread, here are some renderings of the San Diego Hard Rock (originally posted by sandiego_urban).

CTroyMathis · #**1031** Posted **Jan 7, 2006, 12:10 AM**

Yeah, it'll be interesting to see where a Hard Rock condotel will be put in.

CTroyMathis · #**1032** Posted **Jan 7, 2006, 12:10 AM**

Yeah, it'll be interesting to see where a Hard Rock condotel will be put in.

Mopacs · #**1033** Posted **Jan 7, 2006, 12:13 AM**

Quote:

Originally Posted by CTroyMathis

Yeah, it'll be interesting to see where a Hard Rock condotel will be put in.

Hard Rock Cafe recently closed here in downtown Austin, and there is talk of a Hard Rock condotel and restaurant 'relocation' in the works. Anyone up there in Big D hear anything to that effect? Jus wonderin...

Mopacs · #**1034** Posted **Jan 7, 2006, 12:13 AM**

Quote:

Originally Posted by CTroyMathis

Yeah, it'll be interesting to see where a Hard Rock condotel will be put in.

Hard Rock Cafe recently closed here in downtown Austin, and there is talk of a Hard Rock condotel and restaurant 'relocation' in the works. Anyone up there in Big D hear anything to that effect? Jus wonderin...

CTroyMathis · #**1035** Posted **Jan 7, 2006, 12:17 AM**

Recent photos by jsoto3 of the W Dallas Victory Hotel & Residences towers.

Linked thumbnails:

_________________________________________________________________

Progress photos shot recently by jsoto3 of the Victory Plaza buildings:

Linked thumbnails:

_________________________________________________________________

Two recent progress photos by jsoto3 of The Azure:

Linked thumbnails:

_________________________________________________________________

Two recent progress photos by jsoto3 of The Cirque:

Linked thumbnails:

_________________________________________________________________

Recent progress photos by jsoto3 of some low-rise infill stuff in Uptown - ZOM Trianon.

Linked thumbnails:

CTroyMathis · #**1036** Posted **Jan 7, 2006, 12:17 AM**

Recent photos by jsoto3 of the W Dallas Victory Hotel & Residences towers.

Linked thumbnails:

_________________________________________________________________

Progress photos shot recently by jsoto3 of the Victory Plaza buildings:

Linked thumbnails:

_________________________________________________________________

Two recent progress photos by jsoto3 of The Azure:

Linked thumbnails:

_________________________________________________________________

Two recent progress photos by jsoto3 of The Cirque:

Linked thumbnails:

_________________________________________________________________

Recent progress photos by jsoto3 of some low-rise infill stuff in Uptown - ZOM Trianon.

Linked thumbnails:

CTroyMathis · #**1037** Posted **Jan 7, 2006, 12:20 AM**

A couple other visuals of the Galleria North Tower (condo) not posted here yet:

_________________________________________________________________

One Arts Plaza rendering (another one.)
One, Two, Three, and Four Arts Plaza layout (much clearer than the one posted way back.)

CTroyMathis · #**1038** Posted **Jan 7, 2006, 12:20 AM**

A couple other visuals of the Galleria North Tower (condo) not posted here yet:

_________________________________________________________________

One Arts Plaza rendering (another one.)
One, Two, Three, and Four Arts Plaza layout (much clearer than the one posted way back.)

CTroyMathis · #**1039** Posted **Jan 7, 2006, 12:23 AM**

Here's a scanned visual (thanks to tnekster) of the Trammel Crow res. tower to go up at Cityplace West. This is right next to another res. tower to go up that will be approx. the same height - the one by Fairfield and posted earlier in the thread.

CTroyMathis · #**1040** Posted **Jan 7, 2006, 12:23 AM**

Here's a scanned visual (thanks to tnekster) of the Trammel Crow res. tower to go up at Cityplace West. This is right next to another res. tower to go up that will be approx. the same height - the one by Fairfield and posted earlier in the thread.