Uptown Dallas: 1899 McKinney (McKinney/Akard/St. Paul Triangle)

[I45Tex]

Yes I forgot HKS moved to One Dallas, which now overlooks Pacific Plaza Park.

[maconahey]

From City Plan Commission's 1/23/20 agenda:

Land Use Compatibility:
The subject site is located on a triangular tract bordered by three rights-of-way: North
Akard Street, McKinney Avenue, and North Saint Paul Street. The request proposes a
2,300-square-foot restaurant use, a hotel with a maximum of 270 units which may be
converted to a multiple family use at a later date. The request is unique because the
proposed hotel use will provide full kitchens to assist with the intended conversions but
will not house reception staff, room service, or meeting spaces. Services such as bulk
laundry will be provided off-site.

For consideration of the requested bonuses seeking a maximum height of 316 feet, a
maximum dwelling unit and hotel room density of 270 units, and a floor area ratio of
16.5:1, staff considered incorporation of enhanced landscape requirements and the
proposed development providing all off-street parking below ground. Staff has
considered the enhanced landscape requirements and enhanced pedestrian amenities
as adequate to substantiate some additional development rights. However, staff has
recommended alternate development standards that are more suitable to the existing
built environment. Overall, staff supports the request to redevelop the site with a hotel
and restaurant use, subject to staff’s recommendations on the proposed development
standards.

https://dallascityhall.com/government/m ... .21.20.pdf

https://dallascityhall.com/government/m ... 190-114(PD)%20Development%20Plan.pdf

https://dallascityhall.com/government/m ... 190-114(PD)%20Landscape%20Plan.pdf

[Tnexster]

Another one that impacts 1999 McKinney, even tho they are surrounded by tall and then taller buildings I still love this place and even with all of the towers around would not mind having one.

[Cbdallas]

I like 1999 McKinney and would love to be able to afford a unit there. I think it feels better being in the thick of the urban city rather than just looking lonely from back in the day when it was the only thing over there.

[eburress]

It's a great building for sure, and I too would much rather be in the middle of a dense urban environment than viewing one from a distance. The forumer, on the other hand...

[cowboyeagle05]

I just read the article recently about the new residential tower at The Frisco Star and how Jerry Jones even says on a good day you can see Oklahoma. I'm like duh you are basically in Oklahoma at that point.

Back to the subject matter though I like how they state the back of the house will be different since this won't be a true hotel.

will not house reception staff, room service, or meeting spaces.

[dallaz]

New Uptown Dallas high-rise will have towering wall of plants

https://www.dallasnews.com/business/rea ... of-plants/

Developer Rastegar Property Co. says its McKinney Avenue high-rise will have the tallest living wall of plants in North America.

The Austin-based company plans to cover the balconies of the 26-story 1899 McKinney tower with panels of more than 40,000 plants.

Rastegar still hopes to start work on the building later this year.

[clcrash19]

I cant wait for this tower. This one and Harwood 12 are the two I'm most looking forward to in uptown.

[R1070]

Once this, the Link and the hotel on the Pizza Hut lot are completed. This area will be a lot better!

[I45Tex]

Better spot for 270 condominiums than Azure/Blue Ciel's, The House's or Museum Tower's.

Now we'll have to see if the unsold existing inventory becomes any cheaper to compete with this, or whether the potential buyers are very picky among submarkets, meaning there's not a great extent of audience overlap that would consider such a trade-off and cause the overall prices to adjust.

[Tucy]

Does anyone know if they still plan to build this initially as a hotel with the plan to convert to residential later, as they originally described?

[cowboyeagle05]

Well, so far companies like the one partnering with Rastegar on turning residential properties into business traveler hotels are still aggressively pursuing apartment buildings. They request to rent 10 to 15 units at a time for AirBNB like setups. They guarantee rent so I imagine they are still a go here on this project. Even during this market owners may be willing to sign deals just to keep deals coming in.

[Tucy]

Note that this one is different from the typical 10 to 15 units at a time. The deal with this building was that Sonder was leasing the entire building -- all 270 units, to be operated as a hotel/AirBnB-like setup.

I know development takes a long time, but given that they have a lease of the entire building in place that was touted as allowing them to get great financing, and this was all in place 6 months ago... It's a little surprising they haven't moved along a little faster.

The fact that they now "hope" to start construction not until later this year and the fact that the latest news about the building talks of it being condominiums and does not mention the rather unique arrangement of having leased the entire building to Sonder... makes me wonder.

[R1070]

The project is delayed according to a DBJ article. It sounds like they could be redesigning it.

[rono3849]

The project is delayed according to a DBJ article. It sounds like they could be redesigning it.

The original design was rather bland, then they dumbed it down. Hopefully, they've decided to upgrade the design.