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
Friday, September 26, 2014
Construction begins on much-debated, design intensive 12-story Uptown tower
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 developers behind the latest office tower planned for Uptown — the 12-story, 150,000-square-foot office building at 1920 McKinney — started construction on the project Tuesday morning, breaking ground on the site.
Invesco Real Estate and KDC officially kicked off the office tower, which will sit kitty-corner to Crescent's new $225 million high-rise. The new tower was the subject of much debate between residents at the neighboring 1900 McKinney, who had placed zoning restrictions on the adjacent property.
Phillip Kingston, the Dallas city councilman for District 14, led a mediation between the two parties that led to a settlement of more than a half-million dollars.
"I'm proud of how this turned out," he told the Dallas Business Journal."I will use this case as an example of how to conduct formal mediation for zoning issues in the future."
Invesco and KDC reportedly have signed an undisclosed anchor office tenant, which signed a lease for a full floor, or 22,350 square feet of office 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.
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.
The architecture firm had to design the building to scale away from the sidewalk on the six-story parking garage, with an office building atop the smaller parking structure to accommodate the zoning restrictions, said Andrew Bennett, a principal with Dallas-based BOKA Powell.
" 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," Bennett said.