by Brianna Crandall — January 16, 2015—Nationwide commercial real estate developer and investor Trammell Crow Company and its joint venture partner, global insurance provider MetLife, announced last week the new Park District development in Dallas, Texas, a 916,000 square foot mixed-use project designed by Dallas-based HKS Architects.
Park District will include a Class A office tower, a luxury residential tower, ground-floor retail, extensive below-grade parking, and a plaza designed by The Office of James Burnett, the landscape architecture firm that designed the award-winning Klyde Warren Park. The project will sit on the three-acre parcel between Pearl Street, Olive Street and Klyde Warren Park. Construction is expected to commence in 2015.
“We are excited about working with MetLife and the City of Dallas to develop this site at the doorstep of our city’s signature park,” said Scott Krikorian, senior managing director with Trammell Crow Company’s Dallas-Fort Worth Business Unit. “Park District will be a one-of-a kind project that will further connect the Arts District, Downtown, and Uptown, providing tenants, residents and the public a unique way to experience Klyde Warren Park and the City. Trammell Crow Company has delivered over 4.7 million square feet of Class A office towers in the Central Business District and we look forward to adding another marquee project to Dallas’ skyline.”
The 19-story Park District Tower, which sits on Pearl Street, will feature approximately 502,000 square feet of Class A office space with 9,000 square feet of retail at the base of the tower. Park District Tower will provide tenants with efficient floor plates, multiple outdoor terraces, a state-of-the art fitness facility, a full conference facility with meeting rooms, and a grand lobby with luxury hotel-like space for informal meetings.
Trammell Crow Company’s residential subsidiary, High Street Residential, will develop the 32-story Residences at Park District, which will feature approximately 255 residential units and 13,000 square feet of retail space fronting Klyde Warren Park. Residents will have access to an amenity deck with a pool overlooking Klyde Warren Park and the downtown Dallas skyline, a state-of-the art fitness center, and valet and concierge services. The retail space will provide 20′ floor-to-floor glass on each level, with the second level retail taking cues from the architecture of the office building with a signature cantilever, providing ground-level shade and “amazing” views of Klyde Warren Park.
In an effort to integrate Park District into the existing fabric of the neighborhood, the vast majority of office, residential and visitor parking will be located in a below-grade garage to allow relief along Klyde Warren Park. The design of Park District emphasizes strong connections to Klyde Warren Park with wide, inviting sidewalks, park-like landscaping, and the project’s main entry from Woodall Ragers, a large, walkable plaza with valet pick-up and drop-off.
The development team will seek LEED Gold and Silver certification for the office and residential buildings, respectively. CBRE Dallas has been appointed the leasing agent for the office and retail space.
