{"id":1004565204,"date":"2022-01-28T10:14:49","date_gmt":"2022-01-28T18:14:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004565204"},"modified":"2022-12-08T12:18:41","modified_gmt":"2022-12-08T20:18:41","slug":"jv-plans-120-ksf-office-project-for-dallas-design-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/","title":{"rendered":"JV Plans 120 KSF Office Project for Dallas\u2019 Design District"},"content":{"rendered":"<div id=\"attachment_1004565207\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004565207\" data-attachment-id=\"1004565207\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/thirteen-thirty-three-image-courtesy-of-fcp-and-quadrant-investment-properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg\" data-orig-size=\"1121,840\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Thirteen Thirty Three. Image courtesy of FCP and Quadrant Investment Properties\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Thirteen Thirty Three. Image courtesy of FCP and Quadrant Investment Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg?w=1024\" class=\"wp-image-1004565207 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg 1121w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004565207\" class=\"wp-caption-text\">Thirteen Thirty Three. Image courtesy of FCP and Quadrant Investment Properties<\/p><\/div>\n<p>A partnership between <strong>FCP<\/strong> and <strong>Quadrant Investment Properties <\/strong>has announced plans to develop Thirteen Thirty Three, a Class A office property totaling 122,768 square feet in Dallas\u2019 Design District. The joint venture expects to break ground on the project in the second quarter of the year, with completion scheduled for the third quarter of 2023.<\/p>\n<p>The owners have selected <strong>Transwestern<\/strong> to market the 10-story office property.<\/p>\n<p>The development will take shape at 1333 Oak Lawn Ave. In addition to the office component on the top five floors, Thirteen Thirty Three will feature a 2,675-square-foot retail component on the ground floor, along with a five-level parking garage with a parking ratio of 3 spaces per 1,000 square feet. The office section will have floorplates ranging between 19,000 and 29,000 square feet.<\/p>\n<p>Planned amenities total 10,864 square feet across most of the ninth floor and include a fitness center, a basketball court, two terraces, a conference room and a community lounge.<\/p>\n<p>The development is easily accessible, within less than a mile from Interstate 35E and within walking distance of several public transportation options. Downtown Dallas is some 3 miles southeast.<\/p>\n<div id=\"attachment_1004565206\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three-Interior.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369440509.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004565206\" data-attachment-id=\"1004565206\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/thirteen-thirty-three-interior-image-courtesy-of-fcp-and-quadrant-investment-properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three-Interior.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369440509.jpg\" data-orig-size=\"1730,1298\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Thirteen Thirty Three &#8211; Interior. Image courtesy of FCP and Quadrant Investment Properties\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Thirteen Thirty Three &#8211; Interior. Image courtesy of FCP and Quadrant Investment Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three-Interior.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369440509.jpg?w=1024\" class=\"wp-image-1004565206 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three-Interior.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369440509.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004565206\" class=\"wp-caption-text\">Thirteen Thirty Three &#8211; Interior. Image courtesy of FCP and Quadrant Investment Properties<\/p><\/div>\n<p>Quadrant Investment Properties\u2019 interest is high in the area. The company has acquired more than 20 properties in the Design District since 2020. Recently, QIP signed a 16,000-square-foot lease with local ride sharing company Alto. The firm will anchor the new office redevelopment at 141 Manufacturing St.<\/p>\n<h2>DFW office sector<\/h2>\n<p>At the end of last year, <a href=\"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-end-of-year-improvement\/\">office vacancy across the Metroplex<\/a> has remained stable month-over-month, at 17.6 percent, CommercialEdge data shows. While the vacancy rate outpaces the national average of 15.5 percent, it marks an improvement over the January 2021 figure of 18.5 percent.<\/p>\n<p>Despite uncertainty around the future of the sector, developers started construction on 3.8 million square feet of office space in the Dallas-Fort Worth market in 2021. Nationally, only Austin saw more office starts during the year, with 4.4 million square feet. As of December 2021, more than 5.1 million square feet of office space was underway in Dallas-Fort Worth, representing 7.5 percent of the total stock.<\/p>\n<p>Meanwhile, Goldenrod Cos. is set to break ground on an approximately <a href=\"https:\/\/www.commercialsearch.com\/news\/goldenrod-cos-to-break-ground-on-dfw-mixed-use-project\/\">99,400-square-foot Class AA office project<\/a> in Fort Worth. The Van Zandt represents the city\u2019s first speculative office development in the last five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transwestern is in charge of leasing the Class A property.<\/p>\n","protected":false},"author":1763,"featured_media":1004565207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21742,21747],"tags":[42182,33313],"class_list":["post-1004565204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-latest","category-office","tag-fcp","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Plans 120 KSF Office Project for Dallas\u2019 Design District - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Transwestern will market the Class A office property on behalf of FCP and Quadrant Investment Properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Plans 120 KSF Office Project for Dallas\u2019 Design District\" \/>\n<meta property=\"og:description\" content=\"Transwestern will market the Class A office property on behalf of FCP and Quadrant Investment Properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-28T18:14:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:18:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Thirteen-Thirty-Three.-Image-courtesy-of-FCP-and-Quadrant-Investment-Properties-e1643369336623.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1121\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-plans-120-ksf-office-project-for-dallas-design-district\/\",\"name\":\"JV Plans 120 KSF Office Project for Dallas\u2019 Design District - 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