DALLAS – Hines, the Houston-based real estate firm, announced plans for a new 23-story office tower in Victory Park in downtown Dallas near the Stemmons Freeway.
The 470,000-square-foot building will have prominent visibility along Interstate-35 and include 15 levels of office space with panoramic views of Uptown, Downtown, American Airlines Center, Design District, Trinity River, and the Margaret Hunt Hill Bridge.
Construction on the building is expected to begin in the fourth quarter if 2014 with completion in early 2017. Cushman & Wakefield has been hired to direct leasing and marketing for the property.
Designed by Duda/Paine Architects, the stunning sloped crystalline structure will feature 29,000 square-foot, rectangular floor plates, 10-foot floor-to-ceiling glass and ample parking. The top of the building will slope up toward Victory Avenue and incorporate architectural lighting features.
A number of years ago, Hines built the One Victory Park office project in partnership with Hillwood Capital, the original developer of Victory, a large redevelopment site that is one of the most noteworthy mixed-use projects in downtown Dallas.
This new Hines tower will be located at 2371 Victory Avenue just north of Hines’ One Victory Park development.
Hines Southwest Regional CEO Mark Cover stated, “This project will be a true ‘next-generation’ office building, utilizing best practices we’ve learned from our previous developments in Houston, Dallas and around the world.”
Hines Managing Director, Heath Johnson, added, “We are excited about delivering the next landmark office tower in Victory Park and being part of the exciting retail transformation occurring there. The amenities offered by the district and within the building are unmatched.”
Hines entered the Dallas market in 1982 with the development of the Galleria mixed-use complex. Other notable Hines Dallas-area developed and acquired projects include: Galleria North, One Victory Park, Chase Tower, Las Colinas developments and Southlake Carillon. Currently, the firm owns and manages more than 2.8 million square feet in the Dallas area.