Here are a handful of developments to keep an eye on in Dallas and Collin counties this year.
Please note that this list is nowhere near comprehensive, but the items selected for this roundup were tapped because they stand to
have a massive impact on their surrounding areas, setting the tone for development and inertia for years to come.
Presented in no particular order, the selections were limited to office and mixed-use projects and those that are in varying degrees
of early stages and phases or set to break ground this year:
Trammell Crow’s 2401 McKinney Tower
Located about 100 feet from my desk, the Trammell Crow Co. tower along McKinney Avenue between Fairmount Street and
Maple Avenue is set to break ground this year. The 29-story mixeduse tower is expected to include more than 600,000 square feet of
office, a new home for Truluck’s, a 12,000-square-foot health club and 5,000 additional square feet for a bank, restaurant or retail
user. Underground parking is also part of the plans. A variety of sources stated over the past several years that the
tower could hold the newly relocated headquarters of CBRE. Late last year, Dallas City Council awarded the massive commercial real
estate services firm, also the parent company of Trammell Crow, a grant to develop a new tower in Uptown that would serve as a new
headquarters building. It has yet to be confirmed that this is the official building for that push, though company representatives told the Dallas Morning News they were considering it.
Lincoln and Saint Michael’s Mixed-use Near Preston Center
Dallas developer Lincoln Property Co. and Saint Michael and All Angels Episcopal Church are finally underway on their mixed-use
development consisting of a 14-story luxury residential high-rise and a 12-story office building on a nearly 4-acre parking lot near
Preston Center along Douglas Avenue. Tenants within the 225,000 square feet of office space include Lincoln’s commercial division
and Sewell Automotive Cos.
Four Seasons-anchored Mixed-use Along Turtle Creek
A $750 million mixed-use development at Turtle Creek Boulevard and Cedar Springs Road is set to bring Dallas proper its first Four
Seasons property. Boston-based Carpenter & Co. has plans for 250 hotel rooms about 100 luxury condos, 100,000 square feet of
office space and numerous amenities like restaurants, bars, a spa, health club and a small ballroom.
Houston developer Hines has taken on the redevelopment of Uptown Dallas’ 3001 Maple Avenue. The conversion of the 1920sera apartment building will include the conversion of 157,000 square feet into office space, along with the addition of a 22-story,
345-unit apartment high-rise and 12,000 square feet of restaurant space. The restaurant is expected to be Texas’ first Maple & Ash steakhouse.
Field St. District
Over close to six acres, Kaizen Development Partners, Woods Capital and Dundon Capital Partners have teamed up for a more
than $1 billion project set to include up to 2 million square feet of Class AA office space, in addition to retail and apartment units. First announced in 2019, the urban infill site, called the Field St. District, would take up two blocks along Woodall Rodgers Freeway.
Another Development Along Field Street
Termed as a “dynamic mix of retail, shops, restaurants, hotels, office buildings and of course the open space,” Hunt Realty Investments is looking to an 11-acre parcel between N. Houston and N. Field Streets to transform what is now at and around the North
End Apartments. Multiple sources have indicated this is a site that Goldman Sachs could potentially be looking at to consolidate its
North Texas presence, though that has not been confirmed by the New York investment bank and financial services company.
El Fenix to Rise, Also Along Field Street
Stonelake Capital Partners has partnered with Mike Karns, CEO of Firebird Restaurant Group, to develop the key two blocks adjacent
to the landmark El Fenix location at Woodall Rodgers Freeway and Field Street. Class AA office and residential towers have been
plotted for the vacant tracts, while El Fenix and the nearby Meso Maya restaurants are expected to remain.
Field Street Tower
Hillwood Urban is set to bring a 38-story tower to the southeast
corner of Field Street and Woodall Rodgers Freeway. The building, coming in at about 600 feet, is set to bring 520,000 square feet of office to downtown Dallas. Field Street Tower is expected to boast a sky lobby level with amenities such as a tenant lounge, coffee
bar, conference center, a half-acre deck park, and stairs to a 9,000- square-foot fitness center. Fifteen levels of parking and two streetlevel restaurant spaces are also included in the plans.
The Link Frisco
Over the summer, Frisco City Council approved zoning for up to 2.5 million square feet of office space; 400,000 square feet of retail,
restaurant and entertainment space; more than 2,000 residential units; and a boutique hotel as a “mixed-use addition” to the new
PGA Headquarters. Stillwater Capital says that The Link will be a “resort-styled destination” on its website in relation to the
The Farm in Allen
The Farm in Allen, a 135-acre mixed-use project from JaRyCo, has continued to progress with additions as of late such as Ashton Woods’ townhome community Watters Edge at the Farm. All-in, the Farm is expected to include more than 1.6 million square feet of
office space, a 150-key hotel, 142,000 square feet of retail space, restaurants, townhomes and residential units.
42 Stories From 42 Real Estate?
Scott Rohrman’s 42 Real Estate is planning two towers on one acre at Elm and S. Pearl Streets. The taller of the two buildings could be
as high as 42 stories with the full plans possibly including 200,000 square feet of office space, 250 hotel rooms, 224 apartments and
retail between the towers.
Harwood No. 14
Harwood No .14, a 27-story tower from Harwood International along
Harry Hines Boulevard, broke ground last year. It’s already set to
house the headquarters of Haynes & Boone over 125,000 square
feet of the 360,000 total square feet. Harwood Hospitality Group is
set to bring another of its signature portfolio concepts to the
16,000 square feet of ground-floor retail.
Dallas’ Craig International broke ground on its District 121
development in McKinney last year. The $250 million, 18-acre
project, located at the northeast corner of State Highway 121 and
Alma Road is set to include 520,000 square feet of office space,
40,000 square feet of restaurant and retail space, a hotel and
public green space – but no residential. The first phase of District
121 consists of an eight-story, 200,000-square-foot speculative
office building developed in partnership between Kaizen
Development Partners and the McKinney Economic Development
Corp. WorkSuites is taking 30,000 square feet of the new space.
Tate + Toll
A two-building office campus from Cawley Partners is slated for the
southeast corner of Warren Parkway and the Dallas North Tollway.
Each office building is expected to rise 12 stories, nestled just
across the way from The Star and Hall Park.
Kalterra Capital Partners snagged one of the last pieces of
developable land along S.H. 161 in Grand Prairie. The Dallas-based
firm is planning a multi-phased, horizontal community spanning 56
acres, dubbed Midtown GP. Kalterra kicked off the project with The
Foundry, a 366-unit multifamily product.
The Other Midtown: Dallas International District
The redevelopment of the 450-acre Valley View Mall area site has
been a long time coming. Last year, Dallas City Council unveiled a
presentation to go with the rebranding of what was formerly
entitled “Dallas Midtown.” While the pandemic stunted progress,
the development is now slated in this latest iteration to include
more than 10,000 mixed-income residential units, a city council
district office, office space, a 20-are park, quality DART access and
Gateway at Grand Prairie
In a bid to foster public-private partnerships, last year the City of
Grand Prairie teamed up with architect Omniplan to unveil a
preliminary masterplan of a 124.5-acre mixed-use development
near I-30 and Belt Line Road. Plans for Gateway at Grand Prairie
include retail space, a hotel, apartments and up to 2.5 million
square feet of office space.
Plans for The Central, an ambitious and sizable mixed-use project
from De La Vega Development along U.S. Highway 75 near
Cityplace, ring in at about $2.5 billion. The 27 acres include a first
phase of 350,000 square feet of office space along with 29,000
square feet of retail and restaurants and a 350-unit residential
community from StreetLights Residential, which was announced
last year. JPI was already a player within the 5 million-square-foot
neighborhood-making development with a multifamily offering of
Central Market Uptown + Residential Tower
The former Minyard Sun Fresh Harvest site along McKinney Avenue
has been sitting pretty in Uptown, and it seems like the
neighborhood will be one step closer to seeing the mixed-use
tower from developer KDC go vertical after Dallas City Council
approved fresh plans last summer. A residential tower featuring
800 units is set to be paired with a 100,000-square-foot Central
Market on its ground floor. The project has seen a handful of
iterations since it was first announced in 2018.
Located in Allen at the southwest corner of North Central
Expressway and State Highway 121, Billingsley Co. acquired the 238
acres from Howard Hughes Co. last year. The latter already had the
parcel rezoned to accommodate 4 million square feet of office
space, 4,000 apartments, retail and hospitality. While the
Billingsley mixed-use project won’t be the same as Howard Hughes’
plans, Billingsey’s development still has the potential to formatively
shape a key intersection in fast-growing Allen.
So, You’re Saying There’s a Chance
Wade Park has been replaced by Project X in Frisco. The more than
$250 million first phase of development is expected to include
potentially a Whole Foods – like the original Wade Park plans – and
a five-story, 25,000-square-foot medical office building.
Written by: Anna Butler