{"id":1004708063,"date":"2024-03-28T03:39:55","date_gmt":"2024-03-28T11:39:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004708063"},"modified":"2024-03-28T05:40:42","modified_gmt":"2024-03-28T13:40:42","slug":"lincoln-property-eyes-uptown-dallas-mixed-use","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-eyes-uptown-dallas-mixed-use\/","title":{"rendered":"Lincoln Property Eyes Uptown Dallas Mixed-Use"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" data-attachment-id=\"1004708078\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-eyes-uptown-dallas-mixed-use\/lincoln-property-co-uptown-dallas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Lincoln-Property-Co.-Uptown-Dallas-e1711624844333.jpg\" data-orig-size=\"999,750\" 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;0&quot;}\" data-image-title=\"Lincoln-Property-Co.-Uptown-Dallas\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Lincoln-Property-Co.-Uptown-Dallas-e1711624844333.jpg?w=999\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Lincoln-Property-Co.-Uptown-Dallas.jpg?w=910\" alt=\"\" class=\"wp-image-1004708078\" style=\"width:350px\"\/><figcaption class=\"wp-element-caption\">Lincoln Property Co.&#8217;s mixed-use campus will rise next to The Crescent in Uptown Dallas. <em>Image courtesy of Lincoln Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Lincoln Property Co. is moving forward with plans for the development of a mixed-use campus in Uptown Dallas.<\/p>\n\n\n\n<p>The firm has acquired the 4-acre site at 2500 Cedar Springs Road where it will build from 400,000 to 500,000 square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/how-will-office-space-values-fare-in-2030\/\">office space<\/a>, about 250 luxury apartment units, a 200-key hotel\/residence and 25,000 square feet of food and beverage retail, as well as ample green space.<\/p>\n\n\n\n<p>Lincoln had initially announced the project in 2022. At the time, the campus was slated to include a 20-story office high-rise totaling 525,000 square feet and two residential buildings surrounding a central park, according to <em>The Dallas Morning News<\/em>.<\/p>\n\n\n\n<p>Located in the heart of Uptown Dallas, 2500 Cedar Springs is a short walk from The Crescent office and hotel, the Ritz Carlton Hotel, the Katy Trail, Klyde Warren Park, Victory Park, the American Airlines Center, and less than 5 miles from Love Field.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/uncovering-regional-disparities-in-remote-work\/\">Uncovering Regional Disparities in Remote Work<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Although a development timeline hasn&#8217;t been finalized yet, the project is already being marketed to potential anchor tenants, Chase Prospere, Lincoln senior vice president &amp; office market leader in Dallas, said in prepared remarks.<\/p>\n\n\n\n<p>Lincoln will handle leasing in house; Dallas-based Jake Young and Worthey Wiles are leading the effort.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-twisted-office-market-conditions\">Twisted office market conditions<\/h2>\n\n\n\n<p>The Dallas-Fort Worth office market is in a contradictory situation, according to a forecast from Marcus &amp; Millichap, with steady growth in office-using sectors like professional and business services, financial activities and information, even as post-pandemic remote work undermines that.<\/p>\n\n\n\n<p>Marcus &amp; Millichap reports \u201cnet absorption has fallen shy of new supply in each of the past four years, and the same is expected in 2024 to an even greater degree. A wave of expiring pre-pandemic leases will drop net absorption this year to its softest measure since the 2020 shock.\u201d<\/p>\n\n\n\n<p>Still, the forecast is optimistic about the Metroplex\u2019s ability to remain the beneficiary of steady corporate in-migration. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>When complete, the campus will include as much as 500,000 square feet of office space. <\/p>\n","protected":false},"author":882,"featured_media":1004708078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21752,21742,51973],"tags":[32838],"class_list":["post-1004708063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-mixed-use","category-latest","category-southwest","tag-lincoln-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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