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El Fenix site

Posted: 02 Apr 2019 07:51
by dallaz
The whole enchilada: El Fenix's landmark Uptown Dallas property is for sale

https://www.dallasnews.com/business/rea ... perty-sale

Re: El Fenix site

Posted: 02 Apr 2019 08:26
by exelone31
dallaz wrote:The whole enchilada: El Fenix's landmark Uptown Dallas property is for sale

https://www.dallasnews.com/business/rea ... perty-sale


That would be pretty huge if this site gets redeveloped into something mixed use a la The Union. It wouldn't be something with a grocery store obviously, but mixed use with boatloads of residential/restaurants/retail.

This also presents an interesting environment for the North End Apartments. If the El Fenix site goes for a pretty penny, at what point to the property owners think about selling?

Re: El Fenix site

Posted: 02 Apr 2019 08:48
by CRE_Investor
exelone31 wrote:
dallaz wrote:The whole enchilada: El Fenix's landmark Uptown Dallas property is for sale

https://www.dallasnews.com/business/rea ... perty-sale


That would be pretty huge if this site gets redeveloped into something mixed use a la The Union. It wouldn't be something with a grocery store obviously, but mixed use with boatloads of residential/restaurants/retail.

This also presents an interesting environment for the North End Apartments. If the El Fenix site goes for a pretty penny, at what point to the property owners think about selling?


North End isn't going to sell, but it will be redeveloped by its current owner and likely a developer partner. The plan has been to operate as is and wait for this area of Uptown to fill in, so it's playing out to perfection. The property is 11 acres and can be redeveloped in phases or all at once, and given its size and location it will be the crown jewel of Downtown/Uptown/Victory whenever it happens.

Re: El Fenix site

Posted: 02 Apr 2019 09:17
by Matt777
Isn't the Meso Maya building landmarked? It looks quite old and I think was the Luna Tortilla factory if I'm not mistaken. Hopefully they can build around it since the parcel with the parking lot is quite large.

Re: El Fenix site

Posted: 02 Apr 2019 09:23
by Tivo_Kenevil
Matt777 wrote:Isn't the Meso Maya building landmarked? It looks quite old and I think was the Luna Tortilla factory if I'm not mistaken. Hopefully they can build around it since the parcel with the parking lot is quite large.

I hope so too. It's really the last vestige of little Mexico

Re: El Fenix site

Posted: 02 Apr 2019 09:35
by DPatel304
Matt777 wrote:Isn't the Meso Maya building landmarked? It looks quite old and I think was the Luna Tortilla factory if I'm not mistaken. Hopefully they can build around it since the parcel with the parking lot is quite large.


I hope they build around it. I don't think I've seen this happen in Dallas, but I've seen a few instances in other cities where a new high-rise is built around a historic structure and I think it looks beautiful. Forces the architect and developer to get a bit creative with the shape and orientation of the building, and the end result is you have a nice contrast of old and new.

Re: El Fenix site

Posted: 02 Apr 2019 10:19
by lakewoodhobo
Matt777 wrote:Isn't the Meso Maya building landmarked? It looks quite old and I think was the Luna Tortilla factory if I'm not mistaken. Hopefully they can build around it since the parcel with the parking lot is quite large.


Meso Maya is landmarked. Not sure about El Fenix.

Screen Shot 2019-04-02 at 10.18.36 AM.jpg

Re: El Fenix site

Posted: 02 Apr 2019 10:58
by Kelley USA

Re: El Fenix site

Posted: 02 Apr 2019 11:15
by cowboyeagle05
I would assume El Fenix would want space in whatever new building is built on the site.

Re: El Fenix site

Posted: 02 Apr 2019 13:00
by dzh
CRE_Investor wrote:
exelone31 wrote:
dallaz wrote:The whole enchilada: El Fenix's landmark Uptown Dallas property is for sale

https://www.dallasnews.com/business/rea ... perty-sale


That would be pretty huge if this site gets redeveloped into something mixed use a la The Union. It wouldn't be something with a grocery store obviously, but mixed use with boatloads of residential/restaurants/retail.

This also presents an interesting environment for the North End Apartments. If the El Fenix site goes for a pretty penny, at what point to the property owners think about selling?


North End isn't going to sell, but it will be redeveloped by its current owner and likely a developer partner. The plan has been to operate as is and wait for this area of Uptown to fill in, so it's playing out to perfection. The property is 11 acres and can be redeveloped in phases or all at once, and given its size and location it will be the crown jewel of Downtown/Uptown/Victory whenever it happens.


I could've sworn North End was actually owned by Hillwood. I feel like I dug that info up once. I can't seem to find any evidence of them owning it on DCAD however. Anyone know who owns North End?

Re: El Fenix site

Posted: 02 Apr 2019 13:23
by lakewoodhobo
dzh wrote:
CRE_Investor wrote:
exelone31 wrote:
That would be pretty huge if this site gets redeveloped into something mixed use a la The Union. It wouldn't be something with a grocery store obviously, but mixed use with boatloads of residential/restaurants/retail.

This also presents an interesting environment for the North End Apartments. If the El Fenix site goes for a pretty penny, at what point to the property owners think about selling?


North End isn't going to sell, but it will be redeveloped by its current owner and likely a developer partner. The plan has been to operate as is and wait for this area of Uptown to fill in, so it's playing out to perfection. The property is 11 acres and can be redeveloped in phases or all at once, and given its size and location it will be the crown jewel of Downtown/Uptown/Victory whenever it happens.


I could've sworn North End was actually owned by Hillwood. I feel like I dug that info up once. I can't seem to find any evidence of them owning it on DCAD however. Anyone know who owns North End?


North End has likely been owned by the same partnership since 1996. You're probably thinking about the Hillwood pitch to Amazon which included several properties not owned by them, including the North End apartments.

Re: El Fenix site

Posted: 02 Apr 2019 13:32
by Kelley USA
If I'm seeing this right, it appears that Hunt Realty owns North End...

http://www.huntrealty.com/north-end-apartments.aspx

Re: El Fenix site

Posted: 02 Apr 2019 13:41
by dallaz
lakewoodhobo wrote:
Matt777 wrote:Isn't the Meso Maya building landmarked? It looks quite old and I think was the Luna Tortilla factory if I'm not mistaken. Hopefully they can build around it since the parcel with the parking lot is quite large.


Meso Maya is landmarked. Not sure about El Fenix.

Screen Shot 2019-04-02 at 10.18.36 AM.jpg
That’s great to know. Hopefully, El Fenix can be saved...?

These buildings are some of the last structures of the former “Little Mexico” neighborhood. I wouldn’t want to see everything from that neighborhood destroyed. I would love for them to do something like The Epic in Deep Ellum.

Re: El Fenix site

Posted: 02 Apr 2019 13:48
by CRE_Investor
Kelley USA wrote:If I'm seeing this right, it appears that Hunt Realty owns North End...

http://www.huntrealty.com/north-end-apartments.aspx


We have a winner

Re: El Fenix site

Posted: 02 Apr 2019 15:53
by Cbdallas
I would think they could get approval here to build some fairly tall buildings and then maybe this would get the Perot site across Woodall to finally get their supertall out of the ground. Would love to finally see some real skyline changers as it has been a while for Dallas.

Re: El Fenix site

Posted: 02 Apr 2019 16:59
by CRE_Investor
Cbdallas wrote:I would think they could get approval here to build some fairly tall buildings and then maybe this would get the Perot site across Woodall to finally get their supertall out of the ground. Would love to finally see some real skyline changers as it has been a while for Dallas.


You don't encourage someone else to build a "supertall" by beating them to the punch and delivering a bunch of new space that has to be absorbed before the market is ready for another building. I would encourage everyone to strongly temper their expectations for the Hillwood site since another 1MM SF office tower will likely never get built in Dallas barring an Amazon HQ2 type tenant who wants to be consolidated in a high rise rather than a campus like setting.

Re: El Fenix site

Posted: 02 Apr 2019 21:00
by Tnexster
Nice looking property from above with lots of potential, maybe they could leave the three restaurants alone and build on the parking lots? Lots of room for something tall and mixed-use, maybe something in the 40-45 floor range. Seems to be a popular number these days. Where did the name (The Triton) come from?

Re: El Fenix site

Posted: 02 Apr 2019 23:55
by cowboyeagle05
According to the article the restaurants are there to stay with any buyer expected to build around the existing buildings. There is enough land to build a parking garage and tower so unless El Fenix is offered an amazing deal to tear down their history so that anything new can have Woodall Rogers frontage I imagine Firebird restaurant group would like to maintain the existing buildings.

Re: El Fenix site

Posted: 03 Apr 2019 09:02
by DPatel304
cowboyeagle05 wrote:According to the article the restaurants are there to stay with any buyer expected to build around the existing buildings. There is enough land to build a parking garage and tower so unless El Fenix is offered an amazing deal to tear down their history so that anything new can have Woodall Rogers frontage I imagine Firebird restaurant group would like to maintain the existing buildings.


Great news! I think that'll look very cool, and there is still plenty of room to build around it. We'll also likely see some different/creative architecture with whatever they decide to build here.

Re: El Fenix site

Posted: 03 Apr 2019 12:12
by I45Tex
Tnexster wrote:Nice looking property from above with lots of potential, maybe they could leave the three restaurants alone and build on the parking lots? Lots of room for something tall and mixed-use, maybe something in the 40-45 floor range. Seems to be a popular number these days. Where did the name (The Triton) come from?


Just a guess that someone was thinking of the 3 anchor restaurants on the property / Trident was already a chewing gum brand.

Re: El Fenix site

Posted: 03 Apr 2019 13:31
by CTroyMathis
Trifecta was too long and Tribbles might sound like an infestation.

Re: El Fenix site

Posted: 05 Apr 2019 09:25
by DFW

Re: El Fenix site

Posted: 05 Apr 2019 21:45
by Tnexster
40 story tower here and a 40 story Harwood tower would dramatically change this area and to think even if those two blocks built that high there is still room for more. Can't wait to see what happens with this site but would miss the old El Fenix.