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The Dallas Morning News: Uptown tower project starts with morning groundbreaking
January 15, 2016
At this morning’s groundbreaking for the new Park District project in Uptown, officials wore cowboy hats instead of the traditional construction helmets.
The 2-tower development at Pearl Street and Woodall Rodgers will include an office tower and 34-story apartment high-rise. There’s also ground floor restaurants and retail.
Trammell Crow and MetLife are the developers.
Crow has been trying to get the groundbreaking started since November but ran into delays.
“People don’t realize how long something like this takes to put together,” said Crow senior managing director Scott Krikorian. “This kind of project doesn’t happen very often and not without a lot of hard work.
“This is a unique and special time for Dallas.”
The project at Pearl Street and Woodall Rodgers Freeway is the largest development Crow has done in central Dallas since the 1980s.
PriceWaterhouseCoopers will lease 200,000 square feet of space in the Park District project — the first business to commit to the development. The office building will be named PwC Tower.
“2016 marks our 70th year in Dallas,” said Scott Moore, Managing Partner of PwC’s Dallas office. “I cannot think of a more meaningful way to celebrate. “We believe our new home is in the best location in Dallas,” he said. “We believe this project is going to create the optimal environment for our people.”
Park District will open in late 2017.
The building was designed by Dallas architect HKS. Balfour Beatty Construction is the general contractor. CBRE is leasing the project.
The more than $250 million project was financed by a consortium of lenders, including JP Morgan Chase, Comerica, Commerce Bank and Trustmark.
“This project will be another connection between Uptown and downtown,” said John Crawford, CEO of the economic development group Downtown Dallas Inc. “It’s a quality development that will add to our skyline.”
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