Lincoln plans one of the most significant Dallas mixed-use projects in Uptown Dallas 'since The Crescent' » Dallas Innovates

Dallas-based Lincoln Property Company plans to develop a landmark Class A mixed-use project that will include office space, luxury apartments, a five-star hotel, retail and ample green space. [Preliminary rendering: Skidmore, Owings & Merrill]

Dallas-based global real estate giant Lincoln Property Company is redefining the Uptown skyline. Company acquires 4 acres of prime land along Cedar Springs Road and unveils ambitious Class A mixed-use development plans featuring office space, luxury apartments, a five-star hotel, retail and extensive green space did.

Clay Duvall, co-CEO of Lincoln Property Company, said the site is “without question” one of the “best pieces of land in the country.”

“We are excited to have acquired this prime site and look forward to bringing this amazing new mixed-use project to Dallas,” he said in a news release.

By the numbers, the as-yet-unnamed development at 2500 Cedar Springs Road includes:

400,000 to 500,000 square feet of office space – the equivalent of 7 to 9 football fields
Approximately 250 luxury apartments
5-star hotel/residence with 200 keys
25,000 square feet of food and beverage retail

Once completed, the project promises to be “one of the most significant developments in Dallas since The Crescent,” Chase Prospair, SVP and office market leader for Lincoln in Dallas, said in a news release. .

Prospair said the completion of the land acquisition is the first step in realizing Lincoln's vision for Uptown, which he called “one of the most popular submarkets in the country.”

Although the development schedule has not yet been finalized, Lincoln intends to move the project forward quickly. “This kind of complex development has taken years,” Prospair said. “While we are still early in the process, we are well on our way to achieving this groundbreaking initiative.”

Lincoln expects to see strong rental activity due to the development's prime location and excellent amenities, adding that the company is “aggressively marketing the project to potential anchor tenants.”

Dallas leasing experts Jake Young and Worthy Wiles will handle the leasing process in-house.

[Preliminary rendering: Skidmore, Owings & Merrill]

“Just a short walk” from many Dallas attractions

Mr. Lincoln said the development would be “a short walk” from Crescent offices and hotels, the Ritz-Carlton Hotel, the Katy Trail, Klyde Warren Park, Victory Park and the American Airlines Center. . It's easily accessible from Dallas neighborhoods like Park Cities and Preston Hollow, and is about a 15-minute drive from Love Field Airport.

This acquisition and development announcement comes on the heels of Lincoln's announcement of a new global headquarters in October 2023. The headquarters, located at 8111 Douglas Avenue in Dallas, is part of a mixed-use project developed by Lincoln that includes two 13-story towers.

With its Dallas headquarters as its primary hub, Lincoln operates 35 offices throughout the U.S. and Europe under the leadership of co-CEOs Duvall and David Binswanger and with strategic support from Stone Point Capital. There is. As one of the largest diversified real estate services companies, the company provides management, leasing, development and advice across a variety of sectors including office, life sciences, retail, industrial, data center, production studio and mixed-use real estate. I am.

Lincoln said it manages and leases approximately 500 million square feet of commercial space on behalf of institutional customers. Since its founding in 1965, Lincoln has acquired and developed his $24 billion, over 62 million square feet of commercial projects and has made a major impact on the real estate industry since 2018.