Lincoln Property will build an office high-rise with Sewell Automotive as the anchor tenant and a residential tower in Preston Center.
Developers have set a May groundbreaking for what will be one of the largest Dallas real estate projects started since the pandemic began.
Lincoln Property Co. is building two high-rises in the Preston Center district of North Dallas.
The project, on Douglas Avenue south of Northwest Highway, will include a 225,000-square-foot office building and a separate tower with 128 luxury multifamily units.
The land is owned by St. Michael and All Angels Episcopal Church.
Dallas’ Sewell Automotive Cos. is taking about 26,500 square feet in the 12-story office tower, and Lincoln Property will move its headquarters into almost 59,000 square feet in the building.
“This project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area,” Lincoln Property’s executive vice president, John Walter, said in a statement. “We are excited that Sewell Automotive Cos. will move their corporate office to the campus as an anchor tenant, and we are encouraged by the significant interest we have seen from other prospective tenants so far.”
Along with the office and residential towers, the project at 8111 Douglas will include a ground-floor restaurant with a patio. There will also be more than an acre of outdoor green space.
Dallas architect HKS designed the project, which will take more than a year to complete. Robbie Baty and Bill McClung with Cushman & Wakefield represented Sewell Automotive in the lease negotiations.
Written by: Steve Brown, Dallas Morning News