One of the last high-rise building sites along Dallas’ Turtle Creek corridor is being eyed for a new luxury hotel and condo tower.
Developers are working on plans for the high-rise on the site of a two-story office building at 2999 Turtle Creek Blvd., near the Rosewood Mansion on Turtle Creek hotel.
The 25,000-square-foot office building sits on more than two acres and is across the creek from the Perot family’s new corporate campus. Built in 2004, it housed offices for the late Dallas real estate developer John Eulich. Lincoln Property Co. has owned the French Renaissance-style office building, with underground parking, since last year.
Dallas-based JMJ Development is working with local design firm Fab Studio Architecture to build a 21-story contemporary hotel and residential building on the property. The high-rise would include 82 condos and 175 hotel rooms.
“Because of our long relationship with Lincoln, we were anxious to find a location for a luxury hotel and condo project,” said Timothy Barton, CEO of JMJ Development. “We’ve been looking in this neighborhood for a property we could do.
“We felt the Turtle Creek area was the best location.”
Barton, who has worked on luxury hotel and resort projects in North Texas and Mexico, said the developers plan to keep the half-acre, sloping green lawn and oak trees at the front of the Turtle Creek site.
The tower would be pushed to the back of the property with vehicle entrances off Gillespie Street and Dickason Avenue. The parking would be in an underground garage, and there would be a rooftop deck with a pool for residents.
“We will have a signature restaurant as well,” Barton said. It would overlook the broad lawn.
The developers plan to ask for zoning for the height and density of the project, which was designed by Fab Studio as a tall, lean tower built of concrete and glass.
“It’s going to have incredible views,” said Fab Studio president Frank Butler. He said the proposed residential units would create less congestion for the neighborhood than other nearby high-rise buildings.
“It doesn’t generate a lot of traffic like an office building does,” he said.
Barton said the builders have an agreement with a high-end hotel operator.
“We have to get the zoning approved before we can announce it,” he said. “We think what the condo market in Dallas needs is a hotel flag to be particularly special.”
Uptown’s Ritz-Carlton hotel has two successful condo buildings. The W Hotel in Victory Park was also built with residential units on the upper floors.
The Turtle Creek property the developers have contracted to buy is on the edge of Dallas’ booming Uptown district. As building sites in the Uptown and Turtle Creek area are scarce, properties typically sell for high prices.
The Perot family’s Hillwood development group owns the vacant block next door at Turtle Creek Boulevard and Cedar Springs Road and plans to build a high-rise office project.
That stretch of Turtle Creek in the early 20th century was home to rows of sprawling mansions. One of the houses — the Shepherd King mansion at Turtle Creek and Gillespie Street — was converted into the Mansion on Turtle Creek restaurant and hotel.
The grand Trezevant mansion that occupied most of the block across the street — where the developers are planning the new hotel and condo — was converted into the private Cipango Club in the 1940s. The Cipango Club was demolished when the area redeveloped.
Article by: Steve Brown, Dallas Morning News