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Lincoln Property Commercial locks up a key development site north of downtown.

With Uptown Dallas’ office buildings renting up ahead of schedule and at higher than expected prices, developers are hustling to get new projects started. 

One of the biggest local commercial property firms has lassoed a prime building site near the Crescent where it plans to build a large office tower and two residential buildings. 

Lincoln Property Commercial intends to start construction next year on the big project at Cedar Springs Road and Fairmount Street. 

The development would be one of the largest in the area between McKinney Avenue and Turtle Creek. 

“We recognize what a special opportunity it is to be able to plan and develop a 4- acre site in the heart of Uptown,” said John Walter, Lincoln Property Executive Vice President. “We are committing approximately half of the site to open green space, and we hope to transform this site into a vibrant central gathering place for the community.” 

The planned office building would have about 525,000 square feet of space.

“We are burying all the parking and delivering three buildings,” said Lincoln Vice President Chase Prospere.

The office high-rise would be about 20 floors and the residential buildings closer to 30 stories.

The two residential towers would be along Routh Street facing the Quadrangle shopping center. And the office will face Fairmount.

The buildings at 2500 Cedar Springs will surround a large central park space.

Lincoln has hired international architecture firm Skidmore, Owings & Merrill to design the project.

“They are premier architects in the world,” Prospere said. “We thought Dallas needs a special architect for that site.”

The developer is still working on details of the buildings, but it has already decided about the open space surrounding them.

Plans call for restaurant and retail space on the ground floors.

Landscape architect OJB has been hired to design the gardens and public space.

Source: https://www.dallasnews.com/business/real-estate/2022/04/29/three-new-towers-will-add-to-uptown-dallas-building-boom/

Written by: , Real Estate Editor. Steve covers commercial and residential real estate in Dallas-Fort Worth.

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