8 highly anticipated commercial developments in Texas

Austin’s skyscraper contest

Lincoln Property Company and San Antonio-based Kairoi Residential were expected to make history by building the tallest structure in the Lone Star State, with 98 Red River in downtown Austin. At over 70 stories and 1,034 feet high, the hotel, office and retail building qualifies as a “supertall” (above 984 feet), and is expected to be delivered in 2025. But then came Wilson Tower to snatch the title of tallest. Austin’s own Wilson Capital is planning an 80-story, 1,035-foot resi building, expected to arrive sometime in 2023. Unless someone builds to 1,036 feet faster than that, Wilson would have the highest erection in Texas. Wilson Tower is also expected to be the nation’s tallest resi building outside of New York City.

Goldman Sachs’ $500 million Dallas investment

2323 N. Field Street (Henning Larsen Architects)

Goldman Sachs is putting the “big” in Big D with a 980,000-square-foot office complex in downtown Dallas. The $500 million project, just north of Woodall Rodgers Freeway near the Perot Museum of Nature and Science, is receiving $18 million in tax abatements from the City of Dallas and could bring 5,000 new jobs to the market. Construction on the first of three buildings rising 9 to 11 stories is expected to begin in February.

Wells Fargo’s Las Colinas digs

Wells Fargo is pulling its wagon into North Texas in 2023. The bank’s two 10-story office buildings in Las Colinas, estimated to cost $400 million, begin construction in January. Wells Fargo received $31 million in economic incentives from the City of Irving, in return pledging to create 650 new jobs by 2028. More than 3,000 people are expected to work there when it opens in 2025.

$125 Million JW Marriott high-rise in Dallas

A rendering of the JW Marriott Dallas (Sam Moon Group)

Sam Moon Group is building a $125 million hotel set to open next year in the Dallas Arts District. The JW Marriott hotel, designed by HKS Architects, will rise 15 stories near the Trammell Crow Center. Built atop a 10-story parking garage, the hotel will have a full-service restaurant, a rooftop pool and skyline views.

Four Seasons Hotel tower in Oak Lawn

The Four Seasons hotel development in Dallas (Pelli Clarke Pelli)

Dallas is rolling out the red carpet for hotel development. A $750 million Four Seasons luxury hotel and condo tower is planned by Boston-based Carpenter & Co. as well as Dallas’ Perot family. The 30-story building will include a 5-star hotel and 100 to 125 resi condos. Dallas-based firms Pelli Clarke Pelli and Dallas’ HKS will oversee construction.

The Mix

The Mix in Frisco

The Mix in Frisco, a $3 billion 122-acre development, will bring over 2 million square feet of office and medical space and 3 million square feet of residential to the Dallas suburb, as well as a 400-key business hotel, a 200-key boutique hotel and 375,000 square feet of retail. StreetLight Residential, one of the many partners in the project, breaks ground on the first 28 acres this month.

Stonelake Capital’s office high-rise

A rendering of the third phase of the Park Place River Oaks office tower project

The third piece of a mixed-use project five years in the making is finally underway in Houston, and it’s even bigger than planned. Stonelake Capital plans a $60 million, 17-story office building spanning 543,200 square feet, in the Park Place River Oaks complex. Construction will begin in July, with completion expected by January 2025.

Stream Realty’s Austin office

The Dallas-based firm received approval from the Austin City Council earlier this year to build a six-story, 170,000-square-foot office building on Austin’s East 4th Street. It will sit on the last sliver of developable land and be designed with a “biophilic” concept that will seamlessly connect occupants with the natural environment. The building will also include a fitness center, a cafe and direct access to Austin’s Metrorail system.