Victory Park: SkyHouse Victory Place (290 FT / 25 ST)

[Cbdallas]

If nothing else they should give good deals to amenities for their renters like nail and hair salons dry cleaners juice bars coffe shops etc. I have never understood retail space sitting empty for more than a year in a market like this. I guess their business model is no rent is better than some rent. This applies to the entire urban core. I think Dallas is oversaturating with restuarants and the rents are too high for most of them to make it at this level.

[The_Overdog]

Code: Select all

Does anyone here have insight into downtown retail leasing prices and what these apartment building owners are asking for lease rates?

Not sure about downtown, but the aged stripmalls that are getting lots of small business in Plano & Richardson and Carrollton & the like still rent for less than $1 a sq foot in many cases. City of Richardson posted that they have decreased from something like 14% retail vacancy in 2012 to 5% today, so those days may be numbered. But that just means an increase from $1 to $2.

I'd bet a brand new downtown building is $20 and higher for retail frontage. That's a tough business case to make - I'm just not sure downtown has the population for that quite yet. There were some stories about Greenville Ave businesses struggling to make rent in January, probably at similar per sq foot rates. So if Greenville is a struggle, downtown is a struggle.

[texasstar]

The garage is an abomination

Hardly. Looks like one of the best I've ever seen here. And a vast improvement over the one it is hiding.

[tamtagon]

any chance the plan is to cover this with ivy or something alive and pretty?

[willyk]

I think the garage looks just fine. The retail frontage is low key but entirely appropriate for the structure and location. Hoping the retail spaces appeal to neighborhood service businesses that will make VP livable. There is a better shot of getting them in here with spaces like this than on Victory Park Lane.

[exelone31]

That garage isn't too shabby at all. Throw in some basic service/retail amenities and you're all set.

[Tnexster]

Looks much better than I would have guessed. Awnings, trees, lighting and what appears to be a decent sized sidewalk.

[maconahey]

[LongonBigD]

The tower itself looks very dark and depressing in person with all that brown/bronze glass. It's like a black hole sucking all the light around it into itself.

[DPatel304]

The first of four apartment towers on the way in Dallas' Victory Park development will open its doors this week.
The 25-story Victory Place high-rise is being built on the east side of the American Airlines Center arena at Houston and Payne streets.
The luxury rental building contains 352 apartments and was built by Atlanta-based Novare Group.

https://www.dallasnews.com/business/rea ... ning-doors

The article doesn't actually name the building (at least I don't think it does), but I'm 99.99% certain this is referring to the Skyhouse building.

[eburress]

A Skyhouse rendering is shown in the article page's header, the article mentions the building is "being built on the east side of the American Airlines Center arena at Houston and Payne streets" and is "built by Atlanta-based Novare Group..."

[R1070]

If we get another skyhouse it needs to be in Oak Lawn or the downtown core.

[cowboyeagle05]

If we get another skyhouse it needs to be in Oak Lawn or the downtown core.

Probably would end up in the Design District.

[eburress]

My vote is also for the Downtown core...somewhere between the Farmer's Market and Statler would be great.

[dch526]

If we get another skyhouse it needs to be in Oak Lawn or the downtown core.

If they end up putting one in Downtown, hopefully they'll bump it up to the Atlantic House instead (32 stories 400+ units)

http://novaregroup.com/current-developments/

[eburress]

If we get another skyhouse it needs to be in Oak Lawn or the downtown core.

If they end up putting one in Downtown, hopefully they'll bump it up to the Atlantic House instead (32 stories 400+ units)

http://novaregroup.com/current-developments/

Yep, that'd be cool!

[mdg109]

This Italian place looks cool, but was totally empty when I walked by a little after 8pm.

[DPatel304]

Thanks for the picture updates, I'm not too surprised to see this part of VP is still dead, but it sounds like activity on Victory Park Ln is picking up, so I'm sure it'll just be a matter of time before this section becomes more active.

[exelone31]

Cool pic! I like the awnings. The fact that I see more than zero people in the photo is a sign of progress to me.

[ContriveDallasite]

Does anyone know the occupancy rates yet?

[cowboyeagle05]

That Italian place is in a pretty big dead zone after all surrounded by speedways designed to move as many people away from the area as fast as possible during games. It's not the area people wander around. Hopefully, they offer delivery so they can pick up some business from online searches for Italian.

[CTroyMathis]

By the way, I don't think they use the name SkyHouse for this building anymore. It appears it is just Victory Place.