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 23, 2015
New Virgin Hotel planned in Dallas’ Design DistrictVi
Virgin Hotels' first location, in Chicago, opened in January.
Florida-based Virgin Hotels will open a new location in Dallas’ Design District.
The hotel chain backed by Virgin Group plans to open a more than 200-room hotel on Hi Line Drive at Turtle Creek Boulevard in 2018.
Dunhill Partners – which last fall bought 33 acres and about 700,000 square feet of buildings in the Design District – will develop the new hotel with Vinculum Partners and the Crosland Group.
The hotel will also include a rooftop terrace with a pool, gym and spa.
”I could not have found a more perfect hotel for the Design District and everything it offers the City of Dallas than Sir Richard Branson’s Virgin Hotels,” Dunhill Partners CEO Bill Hutchinson said. “It will be the heartbeat of the hottest entertainment district and the biggest jewel in our crown.”
The first Virgin Hotel, in Chicago, opened in January. Work is underway on locations in Nashville and New York.
The hotel chain announced back in 2013 that it was looking for a location in Dallas. Company officials said they were considering spots in downtown Dallas and Uptown.
Dunhill Partners led a group of investors that bought the Design District properties last fall with plans to further develop the area.
Hutchinson said the new owners planned to upgrade existing properties in the area plus make plans for further development.
The neighborhood – which got its start as a business district in the 1950s – in the last decade has seen a real estate boom with new restaurants, apartments and retail.