Operating in the US and Europe, privately owned real estate firm Lincoln Property Company is all set to break ground on a mixed-use development in Dallas, Texas, the US.
The Dallas-based commercial division of Lincoln Property is developing the site on land owned by Saint Michael and All Angels Episcopal Church.
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This was made possible after five years of collaborative effort to secure entitlements for the site from the City of Dallas.
The site will feature 225,000 ft2 of office space and 128 multi-family residential apartments, both constructed in two adjacent towers, which will be separated by a parking garage and shared amenity deck in the commercial Preston Center of north Dallas.
Construction is scheduled to start in May.
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Lincoln Property Company executive vice-president John Walter said: “Saint Michael and All Angels has been great to work with, and we are thrilled to take this monumental step forward to bring our shared vision to life. This project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.
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By GlobalData“We are especially thankful to the City of Dallas and Preston Center Task force, whose feedback through the years made the project better. We are excited that Sewell Automotive Companies 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. We look forward to working quickly to deliver the project to the community.”
Along with the office and residential towers, the project also comprises a ground floor restaurant with a patio, over 1.3 acres of outdoor green spaces, such as ample landscaping and a ground floor park.
Located at 8111 Douglas Avenue, the office building features 12 stories along with a penthouse, plus many other amenities such as a pickleball court, a putting green, and an outdoor terrace for the penthouse.
Lincoln Property Company’s commercial division will lease almost 59,000 ft2 of building space, while Sewell Automotive Companies will lease about 26,500 ft2. Floors 9-12 along with the penthouse will be leased to office tenants. Industry leading designations will be maintained for the buildings.
The 128-unit multi-family building will be 14 storeys tall with unencumbered views of Downtown Dallas, a rooftop terrace sporting a pool, alongside a luxury lounge for residents.
The tower is situated within the Highland Park Independent School District, while having unparalleled access to major thoroughfares.
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The 128-unit multi-family building will be 14 storeys tall with unencumbered views of Downtown Dallas, a rooftop terrace sporting a pool, alongside a luxury lounge for residents. Credit: Shreyas Shah/Unsplash.
