The Dallas City Council has approved plans for the construction of a $750 million luxury hotel and condo tower at the intersection of Dallas’ Turtle Creek Boulevard Cedar Springs Road.
The council voted Wednesday to approve the zoning changes needed for the project, according to The Dallas Morning News. The building will be a development of Boston-based Carpenter & Co. and Dallas’ Perot family, and will include a 5-star hotel plus 100 to 125 condominium homes, according to the developers.
The council voted unanimously to approve zoning changes needed for the first project for extra height and density.
“This is potentially an iconic project for the Turtle Creek corridor,” said council member Paul Ridley. “This will be such a project that will put to productive use a lot that has been vacant for over 10 years. It will be a true asset to the city.”
The Four Seasons will be the largest of several new developments in the works along Turtle Creek. Plans for the development follow the sale of the 36-year old Four Seasons Resort and Hotel in Las Colinas, which was just purchased through a partnership of the Partners Group and Dallas-based Trinity Fund Advisors.
The award-winning architectural firm Pelli Clarke Pelli and Dallas’ HKS will be charged with designing the more than 30-story mixed-use tower, according to the publication. HKS is also set to start work on another project with Atlanta-based developer Portman Holdings in 2023, which will include a three-tower mixed-use development on the northeast edge of downtown Dallas.
“We look forward to delivering a world class building for Dallas in the near future,” said architect Fred W. Clarke, a partner with Pelli Clarke and Partners.
[Dallas Morning News] — James Bell