Wednesday, October 29, 2014

Tower complex planned near Klyde Warren Park

Metropolitan Life Insurance and developer Trammell Crow Co. have disclosed details for a planned tower complex overlooking Klyde Warren Park.
MetLife and Crow intend to build an almost-30-story residential tower and a 20-story office building at the northwest corner of Pearl Street and Woodall Rodgers Freeway at the entrance to Uptown, according to plans filed with the city of Dallas.
The development will occupy the site of the Chase motor bank across the street from the Federal Reserve Bank of Dallas.
Crow bought the bank property in June from JP Morgan Chase Bank.
Architect HKS Inc. is designing the project, which will have 513,000 square feet of office space, 275 luxury residential units and 20,900 square feet of restaurant space, Crow and MetLife said in the filings with the city.
The developers describe the project as a “high-quality, well-designed vertical mixed-use development.”
“The office tower will be sited closer to Woodall Rodgers, with the taller residential tower set further back,” the filings say. “The heights will be comparable to others in the area and will be in context with the surrounding development and will be designed so as to preserve views from outside of the site.”
Three restaurants and a bank will be on the ground floor of the project facing Klyde Warren Park, the plans show.
The office tower will be on the corner of Pearl and Woodall Rodgers, and the residential high-rise will be on Olive Street at the back of the property.
Crow and MetLife have been working on the project since early this year. They are seeking a planned development district designation from the city for the complex.
Early designs for the development that were leaked to architectural blogs show sleek glass towers with low glass restaurant and retail buildings in front. A spokeswoman for Crow was unable to provide more up-to-date photos of what the project will look like.
The addition of more than 20,000 square feet of restaurant and retail space right on the park will be a big plus for the area, said John Crawford, CEO of the economic development group Downtown Dallas Inc.
“This will be a major added ingredient to provide that kind of amenities around Klyde Warren Park,” Crawford said. “There will be more to do around the park.”
Crawford said the construction of the two-tower project shows how the deck park over Woodall Rodgers Freeway has added to the entire downtown and Uptown area.
“All the blocks will begin to fill in around the park,” he said. “This is going to be a really first-class project all around.”