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Design District: 1333 Oak Lawn (10 ST)
Posted: 26 Jan 2022 10:11
by Tnexster
Office tower on the way in Dallas’ Design District
The high-amenity office project is the first such high-rise in decades in that area.
https://www.dallasnews.com/business/rea ... -district/
Developers are starting construction of an office high-rise in Dallas’ Design District — the first such project there in decades.
Work on the 10-story building is set to begin this summer at 1333 Oak Lawn Ave. at Dragon Street.
The 120,286-square-foot project is the latest investment in the Design District by Dallas’ Quadrant Investment Properties.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 26 Jan 2022 11:32
by Cbdallas
10 stories of which 5 are parking. Couldn't they have put apartments above and gone up another 15 floors.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 26 Jan 2022 13:33
by Tnexster
Cbdallas wrote:10 stories of which 5 are parking. Couldn't they have put apartments above and gone up another 15 floors.
That would make sense and I wish more would think along those lines of mixing it up.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 28 Jan 2022 14:15
by Pinhi
Yeah that would make total sense and I'm not a real estate or financial guy per se but you would think with a little imagination...... But it does look like skyline views will be epic.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 01 Feb 2022 10:49
by cowboyeagle05
Most developers have no interest in the complications of mixed use. The number of developers that are ok with all the different lending components, permits etc is few. Developers/Owners love being good at one property type. Get used to it. Adding more than one use into new construction is complicated.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 01 Apr 2022 21:30
by R1070
With the housing shortage, Dallas should ask developers to try to incorporate housing into developments.
Re: Design District: 1333 Oak Lawn (10 ST)
Posted: 02 Apr 2022 12:31
by mhainli
cowboyeagle05 wrote:Most developers have no interest in the complications of mixed use. The number of developers that are ok with all the different lending components, permits etc is few. Developers/Owners love being good at one property type. Get used to it. Adding more than one use into new construction is complicated.
Definitely most of the big local developers avoid mixed- use in one new tower. Build, lease and sell. Too bad with the huge demand for housing. If done right mixed-use would seem to add value to restaurants, gyms, public spaces, etc. that these new towers are trying to incorporate….. Some of the downtown redos are mixed-use.