Real Points

Daily Reports on Commercial Real Estate


A Look at Crescent’s New Uptown Showstopper

Category:
Author:
By
Post date:
October 12th, 2012 2:26pm

John Zogg

Perhaps nowhere will the impact of Klyde Warren Park be felt more than in the Uptown and downtown Dallas real estate markets. Surrounding properties that once had to contend with a busy, noisy freeway will now overlook a lush, 5.2-acre greenscape.

Some developers didn’t wait for the park to open; the city’s $20 million bond approval for the project in 2006 was the only green light they needed. Others are now poised to move forward.

Among them is Crescent’s Cesar Pelli-designed project at McKinney Avenue and Olive Street, a block from the park. The 20-story, 450,000-square-foot tower will feature three restaurants, a gourmet grocer, valet parking, a fitness center, and a roof garden. A 1-acre piazza will act as a “park on the way to the park,” says John Zogg, Crescent’s managing director of leasing.

“From the beginning, we wanted to do something with an elevated quality and design,” he said.

Zogg has played a pivotal role in the park project for more than a decade.

“Property values have gone up, and people who used to have the worst view now have the best view,” he says.

Here are several renderings of the newly redesigned Crescent project:



4 comments

  1. [...] real estate firm started by talking to almost a dozen architectural firms to take their …A Look at Crescent's New Uptown ShowstopperD [...]

    Crescent Real Estate’s short list of Uptown architects included four stars – Dallas Morning News (blog) | Rent to Own Lease with Option @ 5:39 pm on October 12, 2012
  2. We are thrilled! Congratulations to The Crescent folks and the buildings that all voted the variance to make this happen. This entire new “city within the city “has exploded with activity and a new world for its residents.

    We have: The Park, whose idea actually began in the 1960′s with our Mayor Eric Johnson and other forward thinking city leaders, The Fine Arts Avenue, the extension of the Katy Trail; and now this Piece de Resistance!! THE ICONIC building of Dallas if not the State and beyond..

    It is an exciting vibrant beautiful City we live in!!

    Thank you Crescent for the excellent job and the gift !!

    Sincerely,
    Nancy
    The building 2011 Cedar Springs! RIGHT NEXT DOOR!
    http://www.Guerriero-Law.com

    nancy boucher guerriero @ 12:42 pm on October 13, 2012
  3. [...] different. Crescent's Uptown development is an urban mixed-use project that will be …A Look at Crescent's New Uptown ShowstopperD [...]

    Week in review: Real estate news was focused on new office projects – Dallas Morning News (blog) | Rent to Own Lease with Option @ 6:28 pm on October 13, 2012
  4. What is the timing on this?

    Brandon @ 7:52 pm on October 14, 2012

Leave a Comment

* required fields

Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners



Sectors


Submarkets



  • Echo Global Logistics has leased 8,069 square feet of office space in Advancial Tower at 1845 Woodall Rogers Fwy. in Dallas. More »
  • Trace Resources has leased 9,680 square feet of office space at 1300 S University Dr. in Fort Worth. More »
  • ALM Media has leased 4,961 square feet of office space in Harwood Center at 1999 Bryan St. in Dallas. More »
  • Malouf Lynch Jackson & Swinson has leased 6,446 square feet of office space in Four Forest Plaza at 12222 Merit Dr. in Dallas. More »
  • Tenaska Inc. has leased 32,102 square feet of office space in the Offices at Brookhollow at 1701 E. Lamar Blvd. in Arlington. More »
  • G Wear LLC has leased 11,407 square feet of retail space in the Cascades at The Colony at 5909 Stone Creek Drive in The Colony. More »


Supporting Partners