Thursday, January 12, 2017

Kidd Kraddick Morning Show moving to $200M Irving Music Factory

The Kidd Kraddick Morning Show soon could start recording its nationally syndicated radio program from the Irving Music Factory, according to sources.
The move would put the show closer to top vocal talent at the Live Nation-anchored, mixed-use development in Las Colinas.

Real estate sources say the Kidd Kraddick Morning Show could benefit from a request to the City of Irving to convert some of its retail storefront space to space that could accommodate a radio or television studio.

The $200 million Irving Music Factory was originally slated to have only 100,000 square feet of office space, which was entirely leased last March to the Ethos 

Group, an Irving-based automotive dealership training and consulting company.
But the developer behind the Music Factory — The Ark Group of North Carolina — has requested the city grant approval to convert 42,000 square feet of space originally slated for restaurant and retail space into office space.

This would include some space that "will be converted for office use and for a radio-television studio," according to city documents.

Ark Group President Noah Lazes declined to discuss the radio station or television studio behind the request, but said he was shopping the space to "a bunch of different people."

Upon completion, The Music Factory will include a number of restaurants and retail shops with a Live Nation-anchored music venue that converts from an intimate 4,000-seat concert hall to an 8,000-seat amphitheater, which is being called the Pavilion at The Music Factory.

On Tuesday, Lazes told the DBJ construction was on schedule and The Music Factory's parking deck is "one floor away from being topped out."
Including the Pavilion at The Music Factory, the Live Nation-anchored development is currently more than 90 percent leased.

George Laughlin, who is CEO of YEA Networks, which syndicates the Kidd Kraddick Morning Show, said he had no comment to the rumors circulating in the real estate community, but said they are "working on a lot of things," as it relates to the show's real estate.

A few weeks ago, the show's current studio at an Irving office tower along Las Colinas Boulevard was hit by burglars that made away with an estimated $70,000 worth of radio equipment.

/Dallas Business Journal