Crescent Real Estate is adding to its signature development in Uptown Dallas.
The Fort Worth-based firm wants to build a 30-story, 215-unit apartment tower within the Crescent, a mixed-use hub with 1.3 million square feet of hotel, retail, dining and office space, the Dallas Business Journal reported.
The project, dubbed Crescent Point Tower, will rise 415 feet at the northern tip of the Crescent, bounded by Cedar Springs Road and Maple Avenue. The developer has requested to exceed the maximum building height of 285 feet.
Along with residential units, Crescent Point Tower is set to include some retail and restaurant space. The tower would replace a parking garage entrance on site, with Pelli Clarke & Partners handling design.
The development site is across the street from 23Springs, a 26-story office building that Granite Properties and Highwoods Properties are developing. It has already landed major leases, including 100,000 square feet to Deloitte.
The Crescent, spanning over 10 acres, has been home to an array of high-end businesses since it opened in 1986. Its retail tenants include Stanley Korshak and the Capital Grille.
Similarly, Crescent recently revealed plans to supersize another mixed-use development — Crescent Fort Worth — by adding a second office high-rise to the $250 million project.
Uptown Dallas has been exploding with flashy office developments in recent years, attracting companies like Bank of America, PMG and Wingstop. Residential projects are proliferating, as well.
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Last week, Lincoln Property Company bought a 4-acre site from Crescent Real Estate in Uptown, with plans for 250 apartments, along with a 200-room luxury hotel and 500,000 square feet of office space.
Houston-based Hines is plotting its second apartment tower in the area, set to rise 28 stories and include 497 units, costing an estimated $150 million. Dallas-based Alamo Manhattan is also spearheading a $130 million residential high-rise in Uptown.
—Quinn Donoghue