Monday, September 15, 2014

An inside look at latest tower planned for Uptown

The first floor of 1920 McKinney will feature a restaurant, which has yet to be selected. The ground floor has about 8,000 square feet of retail space.
The first floor of 1920 McKinney will feature a restaurant, which has yet to be selected. The ground floor has about 8,000 square feet of retail space

Construction is about to get underway on the latest office tower planned for Uptown: A 12-story, 150,000-square-foot office building kitty-corner to Crescent's new $225 million high-rise.

Invesco Real Estate and KDC have started work on the site at 1920 McKinney Ave., which has already signed an undisclosed anchor office tenant. That tenant has signed a lease for a full floor, or 22,350 square feet of office space.

"The project is in a really strong location, close to Klyde Warren Park," Andrew Bennett, a principal with Dallas-based BOKA Powell, told the Dallas Business Journal. " We had to work hard on the entitlements to maximize the square footage of the building, but we were able to do it with the architecture and have some fun."

BOKA Powell is designing 1920 McKinney, which will include a six-story Class A office building atop a six-story parking garage with ground floor retail space for an 8,000-square-foot restaurant. The building has a parking ratio of three parking spaces for every 1,000 square feet of space.

JLL's Daryl Mullin and James Esquivel are leasing the office building, which is expected to be completed by spring 2016. The office floors are smaller than in typical office buildings, Bennett told me.

"There's a market in Uptown that supports boutique office tenants and this building will be attractive to a lot of different users," he told me. "We expect this to lease up pretty quickly."

The developers plan to start construction Sept. 16.

By: Candace Evans