Monday, August 11, 2008

Twin towers on tap for Uptown

Developers plan to start construction early next year on a $400 million mixed-use project combining office, hotel, apartment, condominium and retail space in a two-tower development in Uptown.

The 1 million-square-foot project, called Akard Place, will be built southeast of American Airlines Center, in the block bounded by Cedar Springs Road and Akard, Ashland and Field streets. The site is also within walking distance of Victory Park, the Ritz-Carlton, the Crescent and the planned Woodall Rodgers Park.

Plans call for two 28-story towers with a mix of hotel, residential and office space built on a retail base.

Construction on the first phase will start in the spring and take about two years to complete, said Bart Lowen, vice president of development for Kansas City, Mo.-based RED Development, which is developing the project. RED Development specializes in projects that combine retail with residential, office and hotels.

by Bill Hethcock