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
Thursday, January 26, 2017
Fountain Place shows off retail space, garage
Leasing agents are getting a first look at a major addition to one of downtown Dallas’ signature skyscrapers.
Construction is underway on Ross Avenue for the parking garage and four-story retail and commercial building at downtown’s landmark Fountain Place tower.
The project, the first major addition to the green glass 1980s tower, is being built between Fountain Place and the Fairmont Hotel.
Commercial property firm CBRE/UCR is renting more than 16,000 square feet of retail in the development. The glass and metal garage and retail building were designed by architects James Carpenter Design Associates and Gensler.
Plans for the project show a second-floor terrace fronting Ross Avenue and retail fronting the fountains alongside the high-rise. There’s also a park area and plaza on the roof.
UCR’s Jack Gosnell said the project is attracting interest from restaurants and retailers.
“We are getting a good list of interested people,” Gosnell said. “We are showing it in hard-hat tours.”
Built in 1986, Fountain Place is one of the most recognized buildings in Big D. The 60-story skyscraper was purchased in 2014 by Atlantabased Goddard Investment Group LLC.
The addition to the tower has been valued in building permits at more than $37 million. Work started several months ago on the project, planned for completion later this year.
An adjoining lot at Field and Munger streets is being sold to apartment builder Amli Residential for a highrise project.
“The additional retail on this corner adds greatly to the urban fabric being created, and the Amli project is the beginning of what the future holds for residential buildings now that we have very few older buildings left for adaptive reuse,” said John Crawford of Downtown Dallas Inc.
“The combination of the additional retail and residential adds greatly to a hightraffic area of downtown and sets the tone for future development.”