These three projects will change the Dallas skyline
The COVID-19 pandemic has proven unsuitable for Dallas real estate development ambitions.
New downtown Dallas projects unveiled in the past few months would forever change the city’s skyline with office towers, apartment blocks, hotels, and retail.
Three major developments – two downtown and one north of Uptown – would add billions of dollars in construction costs and millions of square feet of additional space.
“These significant projects, recently announced, are indicators of the next phase of downtown development,” said Kourtny Garrett, CEO of Downtown Dallas Inc. economic development group. “We are still seeing this momentum in the marketplace.”
Garrett said that until recently, the biggest downtown real estate deals were refurbishing existing buildings, including the First National Bank Tower, Statler Hotel, and other prominent buildings.
“For the past 20 years we have focused on adaptive building recycling,” said Garrett. “This is where downtown goes next.”
Unlike many other major cities, Dallas’s central business district has plenty of room for more construction, she said. “We have over 86 acres of development opportunity downtown, unlike any other market in the country.”
The three big developments on the drawing board would consume nearly 40 acres downtown.
Projects include Hunt Realty’s 11-acre North End development, the Newpark district planned south of City Hall, and the Field St. district on the edge of downtown’s west end.
“We’re leveraging all of these projects together to make sure downtown gets stronger,” said Garrett.
Here’s a look at these key developments:
A 1.5 acre city park will be the front door of the new development towards downtown Dallas.(Kohn Pedersen Fox)
Hunt Realty on Field Street north of the Woodall Rodgers Freeway is planning an 11 acre mixed use project. The 3.5 million-square-foot mixed-use North End development would include 83-story towers surrounding a city park.
Nearly 900 high-rise apartments and a 500-room luxury hotel are included in the plans for the project, which was designed by New York architect Kohn Pedersen Fox.
The skyscraper project would replace an aging community on the edge of Victory Park.
The proposed Newpark Tower would be on Canton Street near Dallas City Hall.(Merriman Anderson Architects and Pickard Chilton)
Newpark is a 20 acre mixed-use development planned along Canton Street between Dallas City Hall and the Farmers Market.
Omaha-based developers Hoque Global and Lanoha Real Estate hope to begin the five-block project with the construction of a 38-story office, retail, hotel, and residential tower. The building was designed by Merriman Anderson Architects and Pickard Chilton.
The Newpark “Smart District” would also have a 1 million square meter education campus.
The $ 1 billion Field St. District is planned for up to 5 million square feet of high-rise buildings on the northwest corner of downtown.(HKS)
Field St. District
The Field St. District is a $ 6 billion mixed-use project on the northwest corner of downtown.
The proposed development is located on Field Street and Woodall Rodgers Freeway and is a project of Kaizen Development Partners, Woods Capital and Dundon Capital Partners.
The preliminary construction plans for the site, which is up to 5 million square feet, include a combination of office space, retail space and residential units.
A new DART S-Bahn station is located near the development designed by Dallas architect HKS.
The Field St. District is on the corner of Woodall Rodgers Freeway and Field Street.(HKS)