Crescent Real Estate continues to develop distinctive developments in Uptown Dallas.
The Fort Worth-based company wants to build a 30-story, 215-unit apartment tower within the Crescent, a mixed-use hub with 1.3 million square feet of hotel, retail, dining and office space. reported the Dallas Business Journal.
The project, called Crescent Point Tower, will rise 415 feet high on the north end of Crescent, bounded by Cedar Springs Road and Maple Avenue. The developer requested a maximum building height of 285 feet.
In addition to residential units, Crescent Point Tower will also include retail and restaurant space. The tower, designed by Pelli Clark & Partners, will replace the parking garage entrance on the site.
The development site is located across from 23 Springs, a 26-story office building being developed by Granite Properties and Highwoods Properties. The company already has a large lease with Deloitte, including 100,000 square feet.
Spread over 10 acres, The Crescent has been home to a variety of upscale businesses since opening in 1986. Retail tenants include Stanley Korshak and Capital Grille.
Similarly, Crescent recently revealed plans to supersize another mixed-use development, Crescent Fort Worth, by adding a second high-rise office to the $250 million project.
Uptown Dallas has exploded in recent years with flashy office developments, attracting companies such as Bank of America, PMG and Wingstop. Housing projects are also mushrooming.
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Lincoln Property Company last week purchased the 4-acre site from Crescent Real Estate in Uptown with plans to build 250 apartments, a 200-room luxury hotel and 500,000 square feet of office space.
Houston-based Hines is planning a second condominium tower in the area, which would be 28 stories high, have 497 units, and cost an estimated $150 million. Dallas-based Alamo Manhattan is also leading the construction of a $130 million residential high-rise in Uptown.
—Quinn Donahue
