homeworld1031tx wrote:Bumping this one back up - it had a scheduled start date of 'no later than July', as per the DMN article from March. Any movement at the proposed site?
Still a functioning parking lot as I look at it out the window right now.
Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.
Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.
That's odd. That Towers.net story was published the same day the Dallas Morning News told us that work would start in July with completion by March 2019...
Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.
Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.
That's odd. That Towers.net story was published the same day the Dallas Morning News told us that work would start in July with completion by March 2019...
Thank you for posting. We've all waited a long time for this one. Never understood what the hold up was given that apparently the money was all in place and the city had signed off on everything months ago. I just hope it actually ends up looking like the renderings we have seen. You know how this goes in Dallas.....Austin continues to blow Houston and Dallas off the map with all the well-designed new towers getting announced and underway there. Anyway, this is good news Maconahey.
"To love ..(a).. city and to have a part in its advancement and improvement is the highest priority and duty of a citizen."
Daniel Burnham, 1909
I don't actually know anything for sure. With that said...
I can see the site from my office and it's still an active parking lot. As of last week there was still a sign saying monthly parking is available.
The same construction management company doing Park District was slated to do this project. Maybe it's been delayed so long they are now waiting for Park District to wrap up before breaking ground?
I heard a rumor earlier this year that they had encountered an unexpected issue with TXDOT right of way from the Olive exit that impacted the original site plan. If this is true I don't know if it was ever resolved.
eburress wrote:Man, I hope this doesn't get cancelled. This is the project I'm most excited about, maybe even more so than the AMLI Fountain Place tower.
Is there credible rumor that this project has been canned? I hope not. However, I'm starting to see signs that there's a slowdown in the housing market.
joshua.dodd wrote:Is there credible rumor that this project has been canned? I hope not. However, I'm starting to see signs that there's a slowdown in the housing market.
What signs are you seeing? Are you referring to the MF market just in Dallas proper?
joshua.dodd wrote:I'm referring to signs outside apartments around Uptown saying the first 8 weeks rent free.
Two things, its the slowest month of the year for apartment rentals. Also a lot of product just opened so you do things to get that interest from the very few tenants you may be able to sign while you wait for the spring moving season.
“Growth for the sake of growth is the ideology of the cancer cell”
joshua.dodd wrote:I'm referring to signs outside apartments around Uptown saying the first 8 weeks rent free.
I wouldn't start worrying until the jobs stop coming, and given the massive Christmas gift that the big corporations just got, I don't see it happening just yet.
We still have 400 people a day moving into the region, unless that stops flowing I don't see a slowdown and that number has actually increased this year.
From what I have heard inside the apartment leasing business is that there is a small blip of too much high end product opening all at the same time in the same are of urban Dallas. They are all trying to grab anyone they can to fill up their buildings and lock in leases. I agree if the influx of people moving stays the same then it is just a small blip and it moves forward.
This briefing to the City's Economic Development & Housing Committee gives an update on the status of this project and provides explanation for the delay. The project is now intended to start construction in July.
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The new entity they seem to be working with on the project is Art Space. http://www.artspace.org/
Artspace is non-profit organization that uses the tools of real estate development to create affordable, appropriate places where artists can live and work. We consistently develop these projects in ways that also support more stable, healthy communities anchored in existing assets. Because Artspace owns each of the projects it develops, we are able to ensure that they remain affordable and accessible to artists in perpetuity.
“Growth for the sake of growth is the ideology of the cancer cell”
Well.. At least the project is not dead! The project still remains the full tower? I keep seeing a tiny 6 or 7 story building in some renderings and that makes me nervous..
Probably what you are seeing is the base which is where the artist lofts are located. The tower portion is the only way the project can really financially work. The developer can not afford to just build a few affordable artist lofts on a pricey site in the Arts District so yes the tower is very much moving ahead. The city approved of the entity hand over a few weeks ago that was required to clean up the financing and the introduction of ArtsSpace in the project.
“Growth for the sake of growth is the ideology of the cancer cell”
cowboyeagle05 wrote:Probably what you are seeing is the base which is where the artist lofts are located. The tower portion is the only way the project can really financially work. The developer can not afford to just build a few affordable artist lofts on a pricey site in the Arts District so yes the tower is very much moving ahead. The city approved of the entity hand over a few weeks ago that was required to clean up the financing and the introduction of ArtsSpace in the project.
AHHH.. wonderful news! Glad it was approved! Thank you!
cowboyeagle05 wrote:Probably what you are seeing is the base which is where the artist lofts are located. The tower portion is the only way the project can really financially work. The developer can not afford to just build a few affordable artist lofts on a pricey site in the Arts District so yes the tower is very much moving ahead. The city approved of the entity hand over a few weeks ago that was required to clean up the financing and the introduction of ArtsSpace in the project.
Should we be concerned that the project still does not appear on Artspace's website?
I'm' not worried about considering Parks for Downtown Dallas has multiple renderings all over their site for the Park they are about to have a groundbreaking on I am not worried that another entity hasn't updated their website. The website for the company I work for took months to add updated contact info because of who they hired to run the site. Does it mean the project is a sure thing no, but it's not exactly an indicator of anything either.
“Growth for the sake of growth is the ideology of the cancer cell”
I hadn't thought about this site in a while, but reading this thread made me look out the window.
There are bulldozers out there right now clearing the site on the Pearl street side. The parking lot has not been touched yet as far as I can tell from up here.
Jay9398 wrote:I hadn't thought about this site in a while, but reading this thread made me look out the window.
There are bulldozers out there right now clearing the site on the Pearl street side. The parking lot has not been touched yet as far as I can tell from up here.
Cool! But how are they clearing the site without touching the parking lot? Isn't the whole site parking lot?
Tucy wrote:Cool! But how are they clearing the site without touching the parking lot? Isn't the whole site parking lot?
It's that weird strip right by the Olive exit ramp that wraps around Museum Tower. It looks like the work goes the length of the Pearl Side of the lot, but it's hard to tell for sure from my vantage point at Renaissance Tower. I'll try to get a closer look.
Tucy wrote:Cool! But how are they clearing the site without touching the parking lot? Isn't the whole site parking lot?
It's that weird strip right by the Olive exit ramp that wraps around Museum Tower. It looks like the work goes the length of the Pearl Side of the lot, but it's hard to tell for sure from my vantage point at Renaissance Tower. I'll try to get a closer look.
Yeah, I noticed that too. This is as close a view as I'm able to find.
Wouldn't want to have just bought into Museum Tower facing this or be selling a unit on that side...Lower levels will certainly lose some of their view.
A spokesperson @ ZOM in Miami replied to an email inquiry that I made last month that construction on the project would be underway by July. Who knows....We've all been around the block with this one for years now. I hope this moves forward soon.
"To love ..(a).. city and to have a part in its advancement and improvement is the highest priority and duty of a citizen."
Daniel Burnham, 1909
citygeek wrote:A spokesperson @ ZOM in Miami replied to an email inquiry that I made last month that construction on the project would be underway by July. Who knows....We've all been around the block with this one for years now. I hope this moves forward soon.
Did they say what year? (Just asking, because last year at this time we were told construction would start in July.)
citygeek wrote:A spokesperson @ ZOM in Miami replied to an email inquiry that I made last month that construction on the project would be underway by July. Who knows....We've all been around the block with this one for years now. I hope this moves forward soon.
Did they say what year? (Just asking, because last year at this time we were told construction would start in July.)
Yes. July 2018.
"To love ..(a).. city and to have a part in its advancement and improvement is the highest priority and duty of a citizen."
Daniel Burnham, 1909
I hope this guess started this Summer. This is one of the projects I've been excited about and feel like it will complete the Arts District along with the new Hall Arts Residences. We need this building!
R1070 wrote:I hope this guess started this Summer. This is one of the projects I've been excited about and feel like it will complete the Arts District along with the new Hall Arts Residences. We need this building!
Agreed, this is a huge piece of the puzzle coming together here. Hope it gets underway soon.