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
Wednesday, March 22, 2017
Huge Deep Ellum development will take more than 2 years to build
Developers who have started construction on the 8-acre Epic high-rise complex in Dallas' Deep Ellum neighborhood hope to have the mixed-use project open by late 2019.
Westdale, KDC, StreetLights Residential and Vine Street Ventures are building the transit-oriented development at Good-Latimer Expressway and Pacific Street, across from DART's Deep Ellum commuter rail station.
The development is going up on land that investor Westdale has owned for over 20 years. Construction will surround the historic Knights of Pythias Temple, built in 1915 at Elm and Good-Latimer.
"The Epic will complement Deep Ellum and provide state of the art office space, residential and hospitality to the neighborhood, further contributing to Deep Ellum's resurgence and sustainability as Dallas' most unique urban neighborhood," Joe Beard, CEO of Westdale, said in a prepared statement.
Real estate investment and management firm Westdale is one of the largest and oldest property owners in the Deep Ellum district, between downtown Dallas and Fair Park.
Developer KDC, which is building Toyota's new West Plano headquarters and is the developer of Richardson's huge CityLine project, will build the 250,000-square-foot Epic office tower, which will have 10 floors of office space. The offices sit on top of a parking garage.
Designed by architect Perkins + Will, the Epic office tower will have a rooftop café and amenity deck with a fitness center. Retail space will occupy the ground level of the building, which will face a new internal street.
"This is one of the most unique projects KDC has ever undertaken, and we are thrilled to be working with Westdale on this special and exciting project," said Steve Van Amburgh, CEO of KDC. "Plus, the views of Deep Ellum and downtown Dallas are absolutely phenomenal."
Balfour Beatty is the general contractor for the office building. Commercial real estate firm CBRE's Dennis Barnes, Tommy Nelson and Kenzie Killgore are working on leases for the tower.
The landmark Knights of Pythias Temple, also known as the Union Bankers Building, will be converted into a 164-room boutique hotel called the Pittman Hotel.
"Considered one of the most distinctive buildings in Deep Ellum, we have been careful to keep its integrity intact as we adapt the space for 21st-century needs," said Jeff Cohen, CEO of Vine Street Ventures Inc., which is doing the hotel portion of the project.
"After sitting vacant for 20 years, we are honored to have the opportunity to bring this building back to life while keeping its rich history at the forefront so that guests can appreciate its transformation."
Vine Street Ventures also is working on hotel projects in Baltimore and Philadelphia.
Dallas' StreetLights Residential will build the 20-story apartment tower in the Epic project.