By Amalia Otet, Associate Editor
Gables Residential has kicked off construction of its newest Dallas development, a mixed-use project at the intersection of McKinney Avenue and Routh Street in the Uptown district.
Plans call for a retail-residential complex to be anchored by Whole Foods Market. The residential component will feature 239 housing units, including 222 apartment homes in an eight-story high-rise and 17 three-story townhome-style apartments. As the sole retail tenant of the complex, Whole Foods Market will occupy 39,500 square feet on the main floor of the building.
“Gables is pleased to begin construction on our exciting new development, which is designed to complement the neighborhood,” said Sue Ansel, CEO of Gables. “We believe our community, with the addition of the Whole Foods Market, will enhance the amenity offering in the Uptown area. We are excited Whole Foods Market chose Gables to showcase their next store within the Dallas city limits.”
Sitting on approximately three acres, the complex is located on McKinney Avenue, one block from The Crescent and two blocks from the Ritz-Carlton, within close proximity to fine dining and shopping destinations. In addition, the community is a quarter mile from Downtown Dallas, Klyde Warren Park and the Arts District.
The concrete high-rise will feature high-end finishes and amenities, along with garage parking incorporating separate garages for Whole Foods Market and residents. The townhomes will have internal garages and will showcase Queen Anne Victorian-style architecture to complement the rest of the buildings in the State-Thomas Historic District.
In an effort to give back to the community, Gables will be adding open space, brick crosswalks and several other enhancements for the neighborhood. Additionally, the REIT donated $85,000 worth of mature trees to the nearby Griggs Park renovation, according to company statements.
The community is slated to be complete in early 2015.
Meanwhile, Cassidy Turley has been tapped to lease and manage two high-profile North Texas office buildings: Park Center in Plano and Greenhill Park in Addison.
The five-story, 236,604-square-foot Park Center tower (pictured below) is located at 2400 North Dallas Parkway, just north of the President George Bush Turnpike. The second building, Greenhill Office Park–a 12-story, 272,482-square-foot, multi-building office complex–is located at 14131 Midway Road, just north of LBJ Freeway.
The buildings are owned by TA Associates Realty and Cornerstone Real Estate Advisers, respectively.
Rendering of McKinney Routh Mixed-Use Development courtesy of Gables Residential via PRWeb