Downtown Dallas - Fountain Place

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ayomateo
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Re: Downtown Dallas - Fountain Place

Postby ayomateo » 12 Jun 2021 10:56

Smart move by the insurance company. I recently started working in the uptown/dallas area again and forgot how much better it is then working in the burbs.

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tamtagon
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Re: Downtown Dallas - Fountain Place

Postby tamtagon » 12 Jun 2021 18:11

Hopefully this signals a reinstatement of demand for a downtown office, completing the decades long recreation of place. It'll take another decade or two for the city to finish stripping the suburban office park infrastructure that crushed the vitality of a city.

willyk
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Re: Downtown Dallas - Fountain Place

Postby willyk » 13 Jun 2021 04:15

Does anyone know how the leasing is going for the Amli?

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Warrior2020
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Re: Downtown Dallas - Fountain Place

Postby Warrior2020 » 13 Jun 2021 08:30

This is good news for this building considering that it has 1.05 million Square feet of available space as of June 1st and is only 17.4% occupied making it the most vacant large office building downtown.

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Cabrio330
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Re: Downtown Dallas - Fountain Place

Postby Cabrio330 » 13 Jun 2021 08:56

Warrior2020 wrote:This is good news for this building considering that it has 1.05 million Square feet of available space as of June 1st and is only 17.4% occupied making it the most vacant large office building downtown.


Source for those numbers?

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potatocoins
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Re: Downtown Dallas - Fountain Place

Postby potatocoins » 13 Jun 2021 09:28

tamtagon wrote:Hopefully this signals a reinstatement of demand for a downtown office, completing the decades long recreation of place. It'll take another decade or two for the city to finish stripping the suburban office park infrastructure that crushed the vitality of a city.


I'd love to see that happen, but I need to see several more moves from the 'burbs to the urban core before I believe it is a trend.

Perhaps with more people WFH, maybe companies will opt for smaller spaces Downtown (instead of big suburban campuses) going forward? It may be a further commute for some and it won't be near good schools, but if people are working from home part time or full time, then being located in the suburbs won't be as important? It's hard to really know what the future holds, but that would be my hope.

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Tucy
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Re: Downtown Dallas - Fountain Place

Postby Tucy » 13 Jun 2021 11:48

Cabrio330 wrote:
Warrior2020 wrote:This is good news for this building considering that it has 1.05 million Square feet of available space as of June 1st and is only 17.4% occupied making it the most vacant large office building downtown.


Source for those numbers?


http://properties.cbre.us/fountain-plac ... space.html

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Warrior2020
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Re: Downtown Dallas - Fountain Place

Postby Warrior2020 » 13 Jun 2021 13:30

Cabrio330 wrote:
Warrior2020 wrote:This is good news for this building considering that it has 1.05 million Square feet of available space as of June 1st and is only 17.4% occupied making it the most vacant large office building downtown.


Source for those numbers?

I read it on biz journals

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tamtagon
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Re: Downtown Dallas - Fountain Place

Postby tamtagon » 13 Jun 2021 15:44

Where did the EPA moved to... Tennent moved to flower mound or somewhere like that...?

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Cabrio330
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Re: Downtown Dallas - Fountain Place

Postby Cabrio330 » 14 Jun 2021 08:13

Tucy wrote:
Cabrio330 wrote:
Warrior2020 wrote:This is good news for this building considering that it has 1.05 million Square feet of available space as of June 1st and is only 17.4% occupied making it the most vacant large office building downtown.


Source for those numbers?


http://properties.cbre.us/fountain-plac ... space.html


That doesn't add up, not even close.

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texasstar
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Re: Downtown Dallas - Fountain Place

Postby texasstar » 14 Jun 2021 08:33

This property is gorgeous. Maybe the best downtown has to offer. I have no doubt it will lease up again.

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dd_dweller
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Re: Downtown Dallas - Fountain Place

Postby dd_dweller » 14 Jun 2021 09:39

Hopefully this draws more tenants and they eventually see the potential in adding the hotel portion on the side. This is one of my favorite buildings in downtown.

Now this building is iconic, not that new proposal that looks like 3 boxes piled together.

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Tucy
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Re: Downtown Dallas - Fountain Place

Postby Tucy » 14 Jun 2021 09:56

tamtagon wrote:Where did the EPA moved to... Tennent moved to flower mound or somewhere like that...?


EPA moved to Renaissance Tower

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RodB
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Re: Downtown Dallas - Fountain Place

Postby RodB » 14 Jun 2021 09:59

This building needs outside lights. It doesn't standout after dark.

Tnexster
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Re: Downtown Dallas - Fountain Place

Postby Tnexster » 14 Jun 2021 11:00

dd_dweller wrote:Hopefully this draws more tenants and they eventually see the potential in adding the hotel portion on the side. This is one of my favorite buildings in downtown.

Now this building is iconic, not that new proposal that looks like 3 boxes piled together.


Not to mention the new boxes will help block the view of FP.

Tnexster
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Re: Downtown Dallas - Fountain Place

Postby Tnexster » 14 Jun 2021 11:28

SPACE JAM
Some of the most recognizable parts of Dallas’ skyline are under 50% occupied. As we come out of the pandemic, the need for office space hasn’t fully returned as many companies keep work-from-home in place. With new inventory coming to the market, the city’s oldest office towers plot their next moves.

https://www.bizjournals.com/dallas/news ... ffice.html

Downtown's most vacant skyscrapers

The five downtown towers with more than 300,000 square feet and less than 50 percent occupancy include Renaissance Tower, 1700 Pacific, Bryan Tower, Fountain Place and One Main Place.

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Tucy
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Re: Downtown Dallas - Fountain Place

Postby Tucy » 14 Jun 2021 11:52

Tnexster wrote:SPACE JAM
Some of the most recognizable parts of Dallas’ skyline are under 50% occupied. As we come out of the pandemic, the need for office space hasn’t fully returned as many companies keep work-from-home in place. With new inventory coming to the market, the city’s oldest office towers plot their next moves.

https://www.bizjournals.com/dallas/news ... ffice.html

Downtown's most vacant skyscrapers

The five downtown towers with more than 300,000 square feet and less than 50 percent occupancy include Renaissance Tower, 1700 Pacific, Bryan Tower, Fountain Place and One Main Place.


Thanks Tnexter. And indeed, the article also says "With 1.05 million square feet of available space as of June 1, according to CoStar, [Fountain Place] is the least occupied building on this list with just 17.4 percent occupancy."

But the article also says that downtown has "nearly 70 million square feet of office space", so they aren't exactly delivering the most reliable numbers. (Transwestern, which covers the most expansive universe of the office market researchers, counts an inventory in the traditional downtown (CBD) of only 31.482 million square feet. Even using the more generous definition of downtown, to include Uptown/Turtle Creek, only gets us to 46.5 million.) Oh, the author also said that more than 35.4 million square feet of office space was built in the 1980s downtown! FALSE FALSE FALSE
Last edited by Tucy on 14 Jun 2021 15:14, edited 2 times in total.

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Pinhi
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Re: Downtown Dallas - Fountain Place

Postby Pinhi » 14 Jun 2021 12:24

dd_dweller wrote:Hopefully this draws more tenants and they eventually see the potential in adding the hotel portion on the side. This is one of my favorite buildings in downtown.

Now this building is iconic, not that new proposal that looks like 3 boxes piled together.


100% correct. This building is iconic, not the three boxes. Someone should build something in the spirit of Fountain Place architecturally as AMLI did, only taller. Now that would be iconic

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quixomniac
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Re: Downtown Dallas - Fountain Place

Postby quixomniac » 14 Jun 2021 16:30

RodB wrote:This building needs outside lights. It doesn't standout after dark.

Completely agree. I photoshopped some LED's outlining the shape of the building.
It doesnt have to be this, but it should be something!

Also I agree with others, views of iconic buildings in Dallas should be protected
Reunion Tower, BOA. etc. At the very least should be visible from the river.
IMG_6085.jpg
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