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, January 29, 2016
Construction underway on Scott Beck's $4B Dallas Midtown project
Dallas developer Scott Beck has begun environmental remediation and pre-demolition work on the $4 billion Dallas Midtown mixed-use development in North Dallas that will make way for a new corporate magnet and entertainment destination.
Beck's Dallas-based Beck Ventures is overseeing the redevelopment immediately surrounding Valley View Center, which is about 17 blocks within a larger 40-block, 430-acre mixed-use development surrounding Valley View Center (an area bounded by the Dallas North Tollway, LBJ Expressway, North Central Expressway and Spring Valley Road) in North Dallas.
"We have been able to move forward with all the pieces it takes to start the project, but we have to go through environmental remediation before we can physically take down the building," Beck told the Dallas Business Journal.
Valley View Center is expected to be taken down brick-by-brick versus an implosion to salvage materials that could ultimately be used in the new development on the site in North Dallas. Beck Ventures also is in the process of creating a tree farm by pruning back the roots of certain trees to ready them for being moved, he said.
The pre-demolition work began in earnest in December. By May 1, Beck said he expects to begin demolition on Valley View Center and have the entire site cleared and ready for vertical construction by the end of the year.
"There's 1.5 million square feet of real estate there today with over 20,000 parking spaces on asphalt; this is a very large-scale project," Beck told me.
The development firm has about six demolition contractors in the running on the project. It has yet to be awarded and Beck said he is in the process of whittling the list down to a final group of three firms.
"There's only a handful of firms that can even do a project of this size," said Beck, who said the selected firm will salvage steel, asphalt and glass to be repurposed in a new function on his project, or elsewhere.