{"id":1004714693,"date":"2024-05-23T04:13:27","date_gmt":"2024-05-23T12:13:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004714693"},"modified":"2024-05-23T04:13:29","modified_gmt":"2024-05-23T12:13:29","slug":"stream-opens-uptown-dallas-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/","title":{"rendered":"Stream Opens Uptown Dallas Office Tower"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"The
The QUAD rises 12 stories in Uptown Dallas. Photo by Jane Martens, courtesy of Stream Realty Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n

Stream Realty Partners has completed The QUAD in Uptown Dallas. The property comprises a 345,425-square-foot, 12-story office building at 2699 Howell St., along with five stand-alone retail structures.<\/p>\n\n\n\n

The QUAD also features more than one acre of open space, including an urban lawn, and The QUAD Club, a penthouse amenity center with a full-service bar, lounge, conference center and rooftop terrace with views of the Dallas skyline.<\/p>\n\n\n\n

In addition, The QUAD will be the first building in Dallas to achieve both WiredScore and SmartScore Platinum ratings, according to Stream.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> Dallas Office Market Sees Rise in Development<\/a><\/p>\n\n\n\n

\n\n\n\n

Stream broke ground on the project in 2022, financing its construction with an $181 million loan from MSD Capital, according to CommercialEdge information. The project architect was OMNIPLAN and the general contractor was Austin Commercial.<\/p>\n\n\n\n

Stream’s development team included Executive Managing Director and Partner Ramsey March, Senior Director Brad Dornak, Senior Director of Design and Construction Jerry Mays, and Director of Design and Construction Blake Bell.<\/p>\n\n\n\n

The office building has floorplates ranging from 30,300 to 31,800 square feet and 13-foot-6-inch
floor-to-ceiling windows. Amenities include bike lockers and an underground parking with nearly 840 spaces, the same source shows.<\/p>\n\n\n\n

The QUAD’s office space was substantially preleased, Stream having signed four tenants\u2014Revantage, Chicago Title, M Financial Group<\/a> and Berkshire Residential\u2014for a total of 115,000 square feet. Leasing is being handled by Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin.<\/p>\n\n\n\n

The project took shape on some 4 acres that were once home to The Quadrangle, one of the first mixed-use developments in the city. Downtown Dallas is roughly 2 miles south.<\/p>\n\n\n\n

Market stall<\/h2>\n\n\n\n

The Dallas\u2013Fort Worth office market saw positive absorption of just 175,300 square feet in the first quarter, on an inventory of 316.6 million square feet, according to a first-quarter report from Colliers.<\/p>\n\n\n\n

Vacancy across both Class A and B spaces remained unchanged at around 20.6 percent overall\u2014and at their highest levels in 10 years. Average rents for both classes declined slightly.<\/p>\n\n\n\n

\u201cSublease space, which encompasses more than 10 million square feet, remains a significant influence in the market,\u201d Colliers reported.<\/p>\n\n\n\n

In mid-April, a joint venture of Pacific Elm Properties and KDC secured a $290 million construction loan<\/a> for Parkside Uptown, their 500,000-square-foot office development in Dallas. Goldman Sachs Alternatives provided the four-year, floating-rate loan and JLL represented the borrower.<\/p>\n","protected":false},"excerpt":{"rendered":"

MSD Capital provided $181 million for this project’s construction.<\/p>\n","protected":false},"author":882,"featured_media":1004714701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21742,21747,51973],"tags":[39735,33358,35063],"class_list":["post-1004714693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-latest","category-office","category-southwest","tag-msd-capital-lp","tag-stream-realty-partners","tag-wired-certified-platinum-rating"],"acf":[],"yoast_head":"\nStream Opens Uptown Dallas Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Stream Realty Partners has completed The QUAD, a 12-story, 345,425-square-foot office building in Uptown Dallas.\" \/>\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\/stream-opens-uptown-dallas-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stream Opens Uptown Dallas Office Tower\" \/>\n<meta property=\"og:description\" content=\"Stream Realty Partners has completed The QUAD, a 12-story, 345,425-square-foot office building in Uptown Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/\" \/>\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=\"2024-05-23T12:13:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T12:13:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/The-QUAD-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1067\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/stream-opens-uptown-dallas-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/\",\"name\":\"Stream Opens Uptown Dallas Office Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/The-QUAD-edited.jpg\",\"datePublished\":\"2024-05-23T12:13:27+00:00\",\"dateModified\":\"2024-05-23T12:13:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Stream Realty Partners has completed The QUAD, a 12-story, 345,425-square-foot office building in Uptown Dallas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/The-QUAD-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/The-QUAD-edited.jpg\",\"width\":1067,\"height\":800,\"caption\":\"Stream Realty Partners completed The QUAD, a 12-story office building in Uptown Dallas. 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