Wednesday, September 16, 2015

StreetLights Residential to move Dallas headquarters to The Union

Dallas-based StreetLights Residential plans to move its headquarters to The Union, a new mixed-use development at Field Street and Cedar Springs Road near the American Airlines Center.

The headquarters move is expected upon completion of the 22-story office tower in 2017.

"One of our objectives is to make StreetLights a great place to work and moving to The Union will punctuate that effort," said CEO Doug Chesnut, in a statement. "We can't wait to call such a dynamic project and neighborhood home."

The amenity package of The Union and the energetic design mirrors the values that StreetLights has built its company on and will help the firm attract top talent, Chesnut said.

StreetLights Residential has signed a lease for 18,000 square feet in The Union's new office tower. The Union is planned to include new office, residential and retail space that will total about 800,000 square feet. It is slated to open in 2017.

The mixed-use development will also include a 60,000-square-foot Tom Thumb grocery story on the ground level, as well as a range of restaurants that have yet to be announced.

RED Development is the project developer, who has been leading the overall design and construction of The Union since it was announced in May 2014. Dallas-based HKS Inc. is the project architect.

StreetLights is leading the design and development of the apartment portion of the project.

Dallas-Fort Worth's apartment boom continues to reach all-time records as an in-migration of jobs into the region bring more than 120,000 new residents to North Texas in the past 12 months.

StreetLights Residential has a number of new apartment towers under construction, or about to get underway in the Dallas urban core. The developer plans to bring the first high-rise apartment tower to Deep Ellum.

Candace Carlisle/Dallas Business Journal