More than $1.5 billion in projects in the pipeline in Dallas’ Uptown district
In Uptown, between Victory Park and CityPlace, there are a number of large projects under construction or in the works, including five apartment towers.
Phoenix-based RED Development is constructing Akard Place, a $200 million 16-story office tower and 20-story apartment building at Field Street and Cedar Springs Road. SteetLights Residential will be leading development.
Construction crews recently broke ground on a 23-story apartment project on Maple Ave near McKinney Avenue, directly adjacent to the Federal Reserve Bank of Dallas. The 212-unit building, developer StreetLights Residential’s second high-rise apartment development in Uptown, will open late next year.
At 1900 Cedar Springs Road at Harwood Street, a nine-story apartment building is being constructed atop a parking structure.
On the vacant block beside it, between Olive and Harwood streets, Crescent Real Estate just broke ground on their 2-story, 530,000-square-foot office complex called McKinney and Olive.
When the $225 million building opens in 2016, law firm Gardere Wynne Sewell LLP, which will move from downtown to be one of the first tenants.
Another office project is planned for the corner opposite the Crescent’s new building, with survey crews preparing the site.
In Victory Park, a 23-story office tower has been announced by Hines, a Houston-based developer.
later this year, developer Harwood International plans to start its Blue Ciel 33-story condo tower. Just south of the Blue Ciel site near the entrance to Dallas North Tollway, Harwood is constructing the 22-story Frost Bank Tower on McKinnon Street.
Together, the projects total more than $1.5 billion in projects under construction, planned or proposed in the Uptown area.
Source: Dallas Morning News, June 5, 2014.
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