Wednesday, August 10, 2016

From motor bank to skyscraper: work starts on notable downtown Dallas corner

The former Bank of America motor bank at Woodall Rodgers Freeway and
Field Street is being torn down. 
Developer Hillwood has begun preparing a high-profile downtown Dallas corner for future construction.
Demolition crews have begun work on the former Bank of America motorbank at the southeast corner of Field Street and Woodall Rodgers Freeway on the north edge of downtown.
Hillwood - the real estate development and investment firm owned by Ross Perot Jr. and his family - bought the 1.75-acre property almost two years ago.
The developer has done preliminary designs for an office skyscraper that could have been built on the prime development tract.
The property is one of the potential locations that telecom giant AT&T is looking at as a potential headquarters site. AT&T is looking at office options in the downtown area and one site in North Dallas.
Ken Reese, Hillwood executive vice president, in an email said that work underway on the corner is to demolish the old bank buildings and clear the site.
The Woodall Rodgers corner is one of several office development tracts Hillwood is working on in Dallas. The developer also has potential building sites at Victory Park, on Turtle Creek and on LBJ Freeway in North Dallas.
Hillwood is looking for tenants for proposed buildings before breaking ground on a project.
Written by Steve Brown/Dallas Morning News