A landmark Dallas tower is getting new life as a state-of-the–art home for biotech firms and nonprofit organizations.
The Pegasus Place high-rise on Stemmons Freeway has starred in Hollywood movies and previously housed operations for Exxon Mobil Corp.
The original architectural vision was already destroyed decades ago in the previous refresh which left it with stubs at the top and bottom that lost its original context.Matt777 wrote:Yuck. I don't like the "refresh." It looks outdated. The original design is sleek and cool. Just clean it up and replace materials, but don't change the original architectural vision.
The original looks infinitely better. Bronze glass fits the scheme alot better.utgf wrote:The original architectural vision was already destroyed decades ago in the previous refresh which left it with stubs at the top and bottom that lost its original context.Matt777 wrote:Yuck. I don't like the "refresh." It looks outdated. The original design is sleek and cool. Just clean it up and replace materials, but don't change the original architectural vision.
Can anyone shed light on why the Stemmons Corridor kinda petered out and is now the D-list of Dallas' office districts? I've always been curious about that. There are some really nice towers off I-35 but they seem to have been very neglected. I'm so glad to see some investment going on here.cowboyeagle05 wrote:It seems in general the Stemmons area has been seeing some movement. Several new hotels in the mid priced range have opened including one near this tower. The large Stemmons towers site has been purchased as well. Seems like Stemmons is finally getting some reinvestment.
An ambitious redevelopment project near Dallas’ medical district has landed another major tenant, cementing its success.
UT Southwestern Medical Center is leasing 180,000 square feet of space in the Pegasus Park campus on Stemmons Freeway near Love Field.
The lease is one of the largest signed in the Dallas area in the last year and is a big win for Pegasus Park, which is renovating an 18-story tower and surrounding buildings into a state-of-the–art home for biotech firms and nonprofit organizations.
Pegasus Place certainly proves the viability of repurposing older Parkland. It seems that many things should work there now, such as converting some of it to hotel, as was done at Baylor, extended stay, health vocational schools, the DISD Health Magnet or charter schools focused on the health professions, medical and professional offices, outsourced lab and imaging centers, offices for suppliers and logistics providers, breakfast/ lunch cafes, etc. And the success the many residential developments on Maple demonstrates that the right kind of residential, targeting the professional employment base, would work there too.tamtagon wrote:^I forgot about the OP.2
But with the former Mobil Oil HQ building intended to be a cornerstone of a biotech "hub" intended to grow dramatically, perhaps the huge vacant hospital will join the repurposing.
Moving on....
Just for the record, this building was never Mobil Oil's HQtamtagon wrote:^I forgot about the OP.2
But with the former Mobil Oil HQ building intended to be a cornerstone of a biotech "hub" intended to grow dramatically, perhaps the huge vacant hospital will join the repurposing.
It's embarrassing that in the vast North Texas economic center, $489.4 million per year to fund faculty research at UTSW is regions largest... that the combined research budget of the all the regions educational institutions is *probably* less than $1.6 billion at Harvard. Whatever happened to the state's tier one fast track initiative?
Moving on....
https://dallas.culturemap.com/news/rest ... iergarten/Dallas craft beer brewer Community Beer Co. is moving into a grand new home between the Design District and the Medical District.
Located at 3110 Commonwealth Dr., the new headquarters will be located in the renovated Pegasus Park campus.
100%. Would be a great spot for a little park/pond, with a decent apartment tower fronting it. Think there's so much untapped potential with this one, and really hope someone wakes up and taps into it before it's "too late."cowboyeagle05 wrote:This project is screaming to get that large parking lot to contain an apartment project marketing itself to the employees at the startups and the medical district employees.
The federal government announced Tuesday that the Advanced Research Projects Agency for Health, also known as ARPA-H, will be coming to Dallas’ life science and business center, Pegasus Park.
The project could bring with it new jobs, an influx of talent, federal funds and elevated prestige. It’s a victory Dallas’ biotech and life sciences sector has been clamoring for since Pegasus Park opened in 2021.
