A developer with two office projects under construction in Dallas' Design District is considering a third.
Quadrant Investment Properties is one of the largest investors in the redeveloping commercial and residential area northwest of downtown Dallas.
Maryland-based developer and partner FCP is building two Design District offices: the River Edge Building near Irving Boulevard and 1333 Oak Lawn Tower.
Another Quadrant Management office development is currently underway on more than four acres at 1715 Market Center Boulevard near Oak Lawn Avenue. The construction site is located near the Trinity Strand Trail.
“The 4.14-acre site is comprised of three parcels containing three one-story buildings built in the 1950s,” according to the zoning request. “The requested rezoning is consistent with and complementary to the character of the existing neighborhood.
“The inclusion of ground floor commercial space will add to the neighborhood’s destination, facilitate placemaking and provide additional employment opportunities near nearby housing and proposed housing.”
The developer is seeking city approval to build 462,100 square feet of office space and more than 50,000 square feet of restaurant and retail space.
A company represented by Quadrant Investments has owned the site since last year, according to property tax records. FCP is a partner on this site and provided the financing for the purchase.
The proposed office and retail development is one of several new real estate projects underway in the Design District.
Alongside the Quadrant office project, construction is underway on a 27-story apartment tower on High Line Drive, a project by New Jersey-based developer Arby.
