Dallas Regional Chamber - OFFICE UNDER …...2016 DALLAS ECONOMIC DEVELOPMENT GUIDE 189 CITYLINE The...
1
2016 DALLAS ECONOMIC DEVELOPMENT GUIDE 189 CITYLINE The $600 million, 2.3 million- square-foot initial phase opened in 2015. At full build- out, the project will contain approximately 6 million square feet of office space; two hotels; 3,200 multifamily residential units; 300,000-square- feet of grocery, restaurant, entertainment and retail space; and three parks. State Farm Insurance will be the anchor of the transit-oriented development adjacent to the DART Bush Turnpike Station on its Red Line. AROUND THE REGION | SIGNIFICANT PROJECTS DATA SOURCE: Xceligent Inc., a commercial real estate research firm in partnership with NTCAR PARK DISTRICT Situated along Klyde Warren Park in Uptown, the 19-story office tower and adjacent 34-story, 257-unit residential tower will both feature ground-floor retail space. MCKINNEY & OLIVE TOWER The $225 million tower will include 530,000 square feet of office space and 50,000 square feet of retail. 1 3 2 5 8 8 6 7 7 UPTOWN OFFICE TOWERS ● OFFICE UNDER CONSTRUCTION ● ANNOUNCED OFFICE PROJECTS ● INDUSTRIAL UNDER CONSTRUCTION ● ANNOUNCED INDUSTRIAL PROJECTS 4 Legacy West, located at the corner of the Dallas North Tollway and the Sam Rayburn Tollway (SH121), is a new $2B, 250-acre mixed-use development with 280,000 square feet of retail and restaurant space, a 300-room Renaissance hotel, and hundreds of apartments and offices . It is already home to the JC Penney headquarters and the 265,000 square foot headquarters for FedEx Office. It will be home to the $350 million headquarters for Toyota North America, the 1 million square foot regional campus for JPMorgan Chase, and the 900,000 square foot regional office for Liberty Mutual Insurance. Nearby, Grandscape, a $1.5B, 400+ acre project will include 3.9 million square feet of mixed-use development and is anchored by Nebraska Furniture Mart. 6 121 CORRIDOR DALLAS ECONOMIC DEVELOPMENT GUIDE 2016 188 DART BLUELINE EXTENSION Extension of the Blue Line to the University of North Texas at Dallas, with two stations, is projected to open in 2016 35EXPRESS The 35Express project extends approximately 30 miles, through eight cities and two counties, from US 380 in Denton County to I-635 in Dallas County. The project is expected to relieve traffic congestion in one of the most heavily traveled corridors in the North Texas region. Completion is scheduled for summer 2017. CYPRESS WATERS A 1,000-acre master-planned development, five minutes from DFW Airport. Centered around a 362-acre lake, full build-out will feature 4 million square feet of office, over 10,000 multifamily and up to 400,000 square feet of retail. SIGNIFICANT PROJECTS The Dallas–Fort Worth region is well-known for taking on very large construction projects. They range from civic projects such as the expansion of Interstate 35 and construction of a new Parkland hospital to office buildings and mixed-use developments to parks and recreation development. No matter where you travel in North Texas, large-scale construction projects are underway to improve the area’s quality of life. > FRISCO STATION 242-acre mixed-use project, plans call for 4 million square feet of office space, 2,400 multifamily residences, restaurant and entertainment venues, medical and wellness facilities and open spaces. > WADE PARK 175-acre mixed-use project will have 600,000 square feet of retail space, up to 6 million square feet of office space, more than 500 hotel rooms, 1,300 residential units. > THE GATE The project could ultimately include 4 million square feet of office space, a hotel, multifamily units, single-family homes, nearly 200,000 square feet of retail and restaurant space and medical offices. > THE STAR Dallas Cowboys world headquarters, 12,000- seat events center and training facility. Size: 1.7 million square feet, plus two hotels totaling 480 rooms. THE HORSESHOE PROJECT & MARGARET McDERMOTT BRIDGE A $798 million design-build roadway construction project to improve traffic flow through the heart of downtown Dallas. Dubbed the “Horseshoe Project” due to its U shape, construction improvements include the expansion, repaving and addition of several new bridges and roadways along Interstates 30 and 35E; and the construction of a new signature bridge, the Margaret McDermott Bridge, over I-30. Completion is scheduled for summer 2017. 1 3 2 4 5 FRISCO
Transcript of Dallas Regional Chamber - OFFICE UNDER …...2016 DALLAS ECONOMIC DEVELOPMENT GUIDE 189 CITYLINE The...
2 0 1 6 D A L L A S ECONOMIC DEVELOPMENT G U I D E 1 8 9
CITYLINEThe $600 million, 2.3 million-square-foot initial phase opened in 2015. At full build-out, the project will contain approximately 6 million square feet of office space; two hotels; 3,200 multifamily residential units; 300,000-square-feet of grocery, restaurant, entertainment and retail space; and three parks. State Farm Insurance will be the anchor of the transit-oriented development adjacent to the DART Bush Turnpike Station on its Red Line.
AROUND THE REGION |
SIGNIFICANT PROJECTS
DATA SOURCE: Xceligent Inc., a commercial real estate research fi rm in partnership with NTCAR
PARK DISTRICTSituated along Klyde Warren Park in Uptown, the 19-story offi ce tower and adjacent 34-story, 257-unit residential tower will both feature ground-fl oor retail space.
MCKINNEY & OLIVE TOWERThe $225 million tower will include 530,000 square feet of offi ce space and 50,000 square feet of retail.
1
3
2
5
8
8
6
7
7
UPTOWN OFFICE TOWERS
● OFFICE UNDER CONSTRUCTION
● ANNOUNCED OFFICE PROJECTS
● INDUSTRIAL UNDER CONSTRUCTION
● ANNOUNCED INDUSTRIAL PROJECTS
4
Legacy West, located at the corner of the Dallas North Tollway and the Sam Rayburn Tollway (SH121), is a new $2B, 250-acre mixed-use development with 280,000 square feet of retail and restaurant space, a 300-room Renaissance hotel, and hundreds of apartments and offi ces .
It is already home to the JC Penney headquarters and the 265,000 square foot headquarters for FedEx Offi ce. It will be home to the $350 million headquarters for Toyota North America, the 1 million square foot regional campus for JPMorgan Chase, and the 900,000 square foot regional offi ce for Liberty Mutual Insurance.
Nearby, Grandscape, a $1.5B, 400+ acre project will include 3.9 million square feet of mixed-use development and is anchored by Nebraska Furniture Mart.
6 121 CORRIDOR
D A L L A S ECONOMIC DEVELOPMENT G U I D E 2 0 1 61 8 8
DART BLUELINE EXTENSION
Extension of the Blue Line to the University of North Texas at Dallas, with two stations, is projected to open in 2016
35EXPRESSThe 35Express project extends approximately 30 miles, through eight cities and two counties, from US 380 in Denton County to I-635 in Dallas County. The project is expected to relieve traffi c congestion in one of the most heavily traveled corridors in the North Texas region. Completion is scheduled for summer 2017.
CYPRESS WATERSA 1,000-acre master-planned development, fi ve minutes from DFW Airport. Centered around a 362-acre lake, full build-out will feature 4 million square feet of offi ce, over 10,000 multifamily and up to 400,000 square feet of retail.
SIGNIFICANT PROJECTSThe Dallas–Fort Worth region is well-known for taking on very large construction projects. They range from civic projects such as the expansion of Interstate 35 and construction of a new Parkland hospital to offi ce buildings and mixed-use developments to parks and recreation development. No matter where you travel in North Texas, large-scale construction projects are underway to improve the area’s quality of life.
> FRISCO STATION 242-acre mixed-use project, plans call for 4 million square feet of offi ce space, 2,400 multifamily residences, restaurant and entertainment venues, medical and wellness facilities and open spaces.
> WADE PARK 175-acre mixed-use project will have 600,000 square feet of retail space, up to 6 million square feet of offi ce space, more than 500 hotel rooms, 1,300 residential units.
> THE GATEThe project could ultimately include 4 million square feet of offi ce space, a hotel, multifamily units, single-family homes, nearly 200,000 square feet of retail and restaurant space and medical offi ces.
> THE STAR Dallas Cowboys world headquarters, 12,000-seat events center and training facility. Size: 1.7 million square feet, plus two hotels totaling 480 rooms.
THE HORSESHOE PROJECT & MARGARET McDERMOTT BRIDGE
A $798 million design-build roadway construction project to improve traffi c fl ow through the heart of downtown Dallas. Dubbed the “Horseshoe Project” due to its U shape, construction improvements include the expansion, repaving and addition of several new bridges and roadways along Interstates 30 and 35E; and the construction of a new signature bridge, the Margaret McDermott Bridge, over I-30. Completion is scheduled for summer 2017.
1
3
2
4 5
FRISCO
