Kaizen Begins $370M Dallas Mixed-Use

Kaizen Development Partners has started working on Chalk Hill, a $370 million mixed-use project in Uptown Dallas. Upon its 2028 completion, the property will comprise more than 400,000 square feet of trophy office space, a 217-key luxury hotel and 61 luxury branded residential condominiums, together with food and beverage options.

The campus will shape on a 2.3-acre site at the corner of Wolf Street and North Harwood Street, where the North Texas Public Broadcasting Inc. was previously located. The project began with abatement and building demolition; the nearly 300-foot radio transmission tower will be dismantled as well.

The property will have immediate access to Katy Trail, a rail trail that runs through the Uptown and Oak Lawn neighborhoods, and the Dallas North Tollway.

Architecture firm BOKA Powell is designing the project and Balfour Beatty is the general contractor. HN Capital Partners is a partner on the hotel component.

Office building highlights

Chalk Hill’s office building will rise 22 stories, with floorplates expected to range between 25,000 and 26,000 square feet. Tenant amenities are to include a full-service fitness center with spa-like locker rooms, saunas and cold plunge. The tower will also feature nearly an acre of occupiable green roof space, outdoor terraces, conference areas, multiple hospitality-inspired lounge spaces and a multipurpose executive board and dining room.

Expected to achieve WiredScore Platinum certification, the building will also benefit from state-of-the-art technology. Offerings will include destination dispatch elevators, smart-phone enabled access control system and EV charging infrastructure.

JLL Senior Managing Director Blake Shipley and Executive Managing Director T.D. Briggs are handling leasing for the office space.

“Demand for truly differentiated office is as strong as we’ve ever seen. Tenants recognize that we’re quickly entering a period of supply constraint at the top end of the market and users are working to secure their next office earlier than ever. We are very busy and excited about the depth of the demand,” Shipley told Commercial Property Executive.

Hot office submarket

Uptown Dallas is considered one of the premier office submarkets in the U.S., with walkable amenities and a large concentration of blue-chip companies. Kaizen developed one of the trophy buildings in the neighborhood—The Link at Uptown—in 2022. Located at 2601 Olive St., the tower features 24,938-square-foot floorplates and multi-level parking with 876 spaces.

Also in Uptown, Stream Realty Partners completed The QUAD last spring. The 12-story building at 2699 Howell St. has 345,425 square feet of office space and a penthouse amenity space with a rooftop terrace, bar, lounge and conference center. The property also includes five stand-along retail structures.