Friday, January 15, 2016

Lincoln Property gets underway on new office tower in Dallas Arts District

Dallas-based real estate firm Lincoln Property Co. has gotten underway on the construction of a 25-story, 260,000-square-foot office tower adjacent to theDallas Symphony.

The tower, called 1900 Pearl, will include roughly 9,000 square feet of retail space for two restaurants, which will include a 6,000-square-foot steakhouse or fine dining option and a 3,000-square-foot casual dining restaurant.

"There's been a tremendous amount of interest in the retail space," said Jake Young, who is overseeing the office leasing of the new tower with Lincoln Property Co.'s Worthey Wiles.

The firm's Robert Dozier is overseeing the retail leasing of the new building at the southeast corner of Pearl Street and Woodall Rodgers Freeway.

"We have been working with the Dallas Symphony and the Arts District," Young said. "It's been a lot of — not just purchasing the site from the symphony — but working with them to find something that accents the Arts District and is a building that makes everybody happy."

Wiles said even though Lincoln Property bought the land from the symphony earlier this year, the real estate executives felt it was important to work in conjunction with the Dallas Symphony.

With the help of the symphony, famed architect I.M. Pei's son also looked at the designs of the new tower to approve the unofficial front door of the Dallas Arts District.

"We wanted to make sure we represented the Arts District well," Young said. "More than just a regular office building."

Plans for the podium-style tower include ground-floor retail space with 10 floors of office space, an office tenant amenity deck and nearly 11 floors of parking. In all, the tower will have a parking ratio of three parking spaces for every 1,000 square feet of rentable office space.

Link to full article here

By Candace Carlisle for Dallas Business Journal