Downtown Dallas: 2000 Ross Project

[ArtVandelay]

Me thinks they are not covering the Olive St. side with the glass.

If true, does that mean the residential is happening soon?

[Tivo_Kenevil]

Me thinks they are not covering the Olive St. side with the glass.

If true, does that mean the residential is happening soon?

Or that they don't care when the residential happens and they're not going to incur more costs..

[ArtVandelay]

Me thinks they are not covering the Olive St. side with the glass.

If true, does that mean the residential is happening soon?

Or that they don't care when the residential happens and they're not going to incur more costs..

The pessimist in me thinks you’re spot on.

[Tivo_Kenevil]

I'm afraid I'm correct as well.

[joshua.dodd]

Fug...

[R1070]

It doesn't make sense to cover that side if that side lot is to be developed at some point.

[CTroyMathis]

Photos from the other day:
https://twitter.com/CTroyMathis/status/ ... 8897958912

(Ross, Harwood, and, San Jacinto sides.)

[DPatel304]

It doesn't make sense to cover that side if that side lot is to be developed at some point.

I think I'd be more worried if they did decide to cover it. It would make me feel like the residential portion would never come, or come WAY down the line.

I suppose those two things are still a possibility, but leaving it uncovered gives me some more hope..haha.

[itsjrd1964]

OK, kids, not sure how believable this is, but... I just saw this posting on my Facebook page about Trammell Crow Center and the 2000 Ross block. Despite one commenter's post (and what we've all seen up to now with the site), someone representing Trammell Crow Center's FB account answers the guy back:

Screenshot (201).png

Screenshot (202).png

And here's the link that TCC posted:
http://info.trammellcrowcenter.com/blog ... enter-2019

So, if this is true, why did all the big equipment get dismantled? I can't tell if there really is a but-wait-there's-more something to look forward to, or if the TCC FB account person has had a little too much of their kool-aid.

[exelone31]

Good find!

The person really just says there's "a lot more news", so the definition of that could be stretched depending on how optimistic you want to be.

I am hopeful that there could at least be some appealing retail.

[Kelley USA]

Well, if they really are planning on adding the hotel and apartments then technically it could be cheaper to bring the crane down and then erect it again depending on the timeframe. Can't be 100% certain, but it generally cost about $50K to bring a crane down and then another $25k - $50K per month to rent it. So if they knew they weren't actually going to start until say Summer or Fall then it would make sense to bring it down.

[DPatel304]

Nice find! I'm still skeptical because of all the reasons you had stated, but looking forward to whatever they have to announce.

Truthfully, aside from the fact that we were lied to, I really have no problems with this type of development being done in phases. If the market can't support the apartments and hotel, that's fine, go ahead with the garage and retail (much better than an empty lot). As long as there are future plans to make this more than a garage, I'm completely fine with it.

The alternative would have been to not build anything at all and leave this an empty lot until they can justify the whole thing.

[CTroyMathis]

It will be unacceptable if TCC doesn't have their Peloton bikes on every floor exactly like these: https://twitter.com/ClueHeywood/status/ ... 2331217920

[joshua.dodd]

Nothing is going to happen. Trammell Crow is going to sit on this project for as long as they can until they know they're going to make money. Current economic indicators shows the housing, especially ultra-luxury, market is coming to a hard slowdown. I would place a safe bet that the number of new projects across the city will start to become less and less throughout the rest of the year. What we see going up now just might be the tail-end of the boom.

Parking garage demand will likely remain the same.