Friday, February 17, 2012

400,000 SF Tower Coming to Victory Park in Downtown Dallas

Commercial real estate development and investment firm KDC plans to develop a400,000-square-foot, Class A office tower at Victory Park in downtown Dallas.

Commercial real estate development and investment firm KDC plans to develop a 400,000-square-foot, Class A office tower at Victory Park in downtown Dallas.
The office tower is the first venture for KDC and Orlando, Fla.-based Estein & Associates USA, Ltd., through its affiliates.
The 23-story building, consisting of 15-plus floors of office space above an eight story parking structure, will be located across from the park at Victory between Museum Way and High Market Street. The entrance will face Victory Park Lane. Building amenities will include an upscale restaurant, delicatessen and a fitness center.
KDC has targeted this fall to begin construction with completion slated for late 2014. KDC will pursue LEED certification from the U.S. Green Building Council for the project. BOKA Powell will serve as the project architect.
Victory Park is a 75-acre mixed-use development surrounding American Airlines Center, home of the Dallas Mavericks and Dallas Stars. It is located in downtown Dallas at the intersection of Interstate 35, the Dallas North Tollway and Woodall Rodgers Freeway.
Victory Station provides access to DART Light Rail and the Trinity Railway Express. The 3.5-mile jogging and bicycle path, The Katy Trail, is also directly accessible.
Victory Park is a property of UST XVI Victory Park, a German real estate investment fund based in Orlando, Florida. UST XVI became an equity owner of Victory Park in 2005 and the sole owner of the Victory Park buildings of the project in 2009.
Victory office buildings include One Victory Park and Victory Plaza, which are 95 percent leased.
One Victory Park is a Class A, 20-story, 436,000-square-foot tower occupied by Ernst & Young, Haynes & Boone and Plains Capital Bank. Victory Plaza includes two Class A, five-story office buildings totaling 185,000 square overlooking the AT&T Plaza at the steps of American Airlines Center. Tenants include Carson Private Capital, Cumulus Media, Inc., Hillwood Development, Metro Tickets, Neal Richards Group, TM Advertising and the Victory Park Studios of ABC affiliate WFAA-Channel 8.