Field St District: $1 billion project planned for the north side of downtown Dallas
Developers have taken the wraps off a major new high-rise project planned on the northern edge of downtown Dallas.
Called the Field St. District, the massive mixed-use development is planned for a two-block, 6-acre property on Woodall Rodgers Freeway.
One of the largest vacant properties downtown, the huge building site was purchased this summer by Kaizen Development Partners and Woods Capital.
Since then, the new owners have been working on preliminary building plans for the property, which is zoned for up to 5 million square feet.
The initial construction plans call for a combination of office space, retail space and apartment units.
Kaizen and Woods Capital formed a partnership with Dundon Capital Partners for the more than $1 billion project.
Dallas architect HKS designed the buildings.
Kaizen Development CEO Derrick N. Evers said he hopes that site work for the construction can start by late next year.
The Field St. District is in a corner of downtown that is already seeing significant construction.
A 45-story luxury apartment tower — Amli Fountain Place — is under construction across the street from property. And just on the other side of Woodall Rodgers Freeway, the two-tower Union development has proven to be one of Dallas’ most successful real estate developments, with major office tenants including Salesforce, law firm Akin Gump and accounting firm Weaver.
Next door to the Union, Kaizen Development is building a 25-story office tower called the Link at Uptown.
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