Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Tuesday, June 24, 2014
Uptown Dallas property owners pitching modern Flatiron Building for key tract
Owners of the retail and office building at Cedar Springs Road and Olive Street are looking at highrise plans. (Steve Brown)
It’s a property with one of the most strategic locations in
The more than half acre site is at the crossroads of Cedar
Springs Road, Olive Street and McKinnon Street – just a block from the
Across the street, construction is about to begin on
Crescent Real Estate’s 20-story McKinney & Olive tower.
The triangular tract is now occupied by a strip shopping
center and a small office building.
“With land trading at above $300 per square foot in the
Uptown area, we’ve decided to explore all vertical options,” said David
Pemberton, who represents the partnership that has owned the property for more
than 20 years. “We’re in discussions with office tenants, boutique hotels and
residential and restaurant uses.
“We feel that a high-end Flatiron-designed building would be
a iconic addition to the Uptown area,” he said.
Pemberton said the 95,000-square-foot tower could cater to
small companies that want a more exclusive office address.
An architect’s drawing displayed on the development site
shows a modern version of New York’s landmark Flatiron Building, which also is
perched on a triangle of land.