KDC still sees room to build at one of the largest corporate campuses in North Texas.
The Dallas-based firm is seeking approval to increase the number of residential units and add open space at CityLine East, which is part of the 186-acre CityLine mixed-use hub in Richardson, the Dallas Business Journal reported.
CityLine East, spanning 62.5 acres, comprises a 570,000-square-foot office building and three multifamily properties totaling 805 units. If KDC’s request is granted by city officials, the number of allowed units would rise to 5,100.
While KDC has not specified how many units it plans to add, a zoning application indicates a desire to increase the number of residents who live and work within CityLine to support the development’s various amenities.
An expansion signals a new phase of development for CityLine, which features 2.5 million square feet of office space, 3,925 residential units and 230,000 square feet of retail, entertainment and restaurant space.
While the office portion of CityLine has struggled since the pandemic and the remote-work era, it’s also shown resilience, largely because of the mixed-use nature of the development and the number of “heads on beds,” said Jordan Mellovitz, head of real estate investment at 3Edgewood LLC, in a letter of support for the change.
KDC spent roughly $1.5 billion to build CityLine. In November, former Phoenix Suns owner Robert Sarver bought the campus from a venture of South Korean-based Mirae Asset Global Investments and Houston-based Transwestern Investment Group.
KDC has several high-profile projects in the pipeline, including the 30-story Parkside Uptown office tower in Uptown Dallas, where Bank of America will occupy 238,000 square feet as the anchor tenant. It’s also spearheading the development of Wells Fargo’s regional headquarters in Irving.
—Quinn Donoghue
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