Friday, January 22, 2016

Trammell Crow, MetLife Break Ground on Park District in Dallas

Park District will be located in downtown Dallas.
DALLAS — Trammell Crow Co. and MetLife have begun construction on Park District in the heart of downtown Dallas, the Arts District, Uptown and Klyde Warren Park. The two-tower mixed-use development spans more than 900,000 square feet of Class A office space, restaurants and residences. The 20-story office tower, PwC Tower at Park District, will feature 500,000 square feet of Class A office space with 7,000 square feet of ground-floor retail.

PricewaterhouseCoopers (PwC), a global professional services firm providing assurance, tax and advisory services, is the building’s anchor tenant, occupying 200,000 square feet on floors 12-19. The tower features fitness facilities, outdoor common spaces, on-site banking and a valet. The lobby will include a conference center, executive lounge and a “great room” for tenants to use as an alternative workspace. Trammell Crow’s residential subsidiary, High Street Residential, is developing the 33-story Residences at Park District, which will feature 253 units and 13,000 square feet of retail space fronting Klyde Warren Park.

Residents will have access to an amenity deck with a pool overlooking the park and the Dallas skyline, a fitness center, valet and concierge services. The retail space will have 20-foot floor-to-floor glass on two levels providing the second level with views of Klyde Warren Park. The two buildings will be connected via a plaza, which was designed by The Office of James Burnett. The vast majority of parking will be located in a sub-grade, four-level garage accessible from both Pearl and Olive streets. Scott Krikorian, Joel Behrens and K.C. Bills with Trammell Crow are leading the development team.

Balfour Beatty is the general contractor and HKS is the project architect. The development team is seeking LEED Gold certification for PwC Tower at Park District and LEED Silver certification for The Residences at Park District. JP Morgan Chase led financing for the project. Dennis Barnes, Celeste Fowden and Clay Gilbert with CBRE Dallas are leasing and marketing PwC Tower at Park District. Phil Puckett with CBRE Dallas represented PwC in its lease transaction.

Texas Real Estate Business