Developers to Start ‘Cosmopolitan’ Apartments at One Dallas Center
A $100 million transformation of One Dallas Center is the latest in a string of downtown redevelopments. The office tower, located at the St. Paul DART station, will soon have 276 “ultra-cosmopolitan” apartments on the top 15 floors.
Resort-style amenities include a pool and cabanas wrapping the apex of the building, a 5,000 sq ft fitness center three times the typical size, a bar and lounge, and an adjacent one-acre community park designed by famed architect Chuck McDaniel.
The I.M. Pei-designed building gives the developers the geomotric shapes to showcase the architectural artwork of the city, while the interior lobby showcases paintings from the Dallas Contemporary. The cosmopolitan feel is meant to appeal to residents moving to Dallas from New York, Chicago, Paris, London and Hong Kong. Apartments will average 856 square feet with high-end finishes, and will be priced at roughly a 30 percent discount for similar apartments in Uptown. Downtown’s occupancy rate is more than 95 percent and downtown Dallas boosters are trying to create more vibrancy in the area with more residential options.
The lower floors of the building will remain office space, home to Dallas-based HKS Inc. and Greyhound’s headquarters, among others. The office and residential portions of the tower will each have an elevator bank for workers and residents.
The apartments are expected to be complete in summer 2014.
Source: Dallas Business Journal, Nov. 8, 2013.
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