DALLAS – (Realty News Report) – Lincoln Property Company, will break ground next month on two high-rise towers in the Preston Center district in North Dallas.
The mixed-use development will feature a 225,000 SF office building and 128 multifamily residential units in two side-by-side towers, separated by a parking garage and amenity deck.
Lincoln Property Co., one of the largest diversified real estate companies in the United States and Europe, will move its headquarters into 60,000 SF in the building. Sewell Automotive will move its corporate headquarters into the office tower, leasing 26,500 SF.
The commercial division of Lincoln Property Company, based out of Dallas, is developing the site on land owned by Saint Michael and All Angels Episcopal Church following a five-year collaborative effort to secure entitlements for the site from the City of Dallas.
“Saint Michael and All Angels has been great to work with, and we are thrilled to take this monumental step forward to bring our shared vision to life,” said John Walter, Executive Vice President of Lincoln Property Company. “This project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.”
The property is located at 8111 Douglas Avenue, near the Northwest Freeway.
In addition to the office and residential towers, the project features a ground floor restaurant with a patio. Community green space is also a focal point of the project, with over 1.3 acres of programmed outdoor green spaces.
The 14-story residential rental multifamily building will be located within the Highland Park Independent School District, one of the highest-ranking school districts in Texas
The site is located off the primary intersection of Northwest Highway and the Dallas North Tollway, between the Park Cities and Preston Hollow.
Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, has developed over 150 million SF of commercial space and over 216,000 multifamily residential units.
April 19, 2021 Realty News Report Copyright 2021
Photo Credit: Courtesy of Lincoln Property Company
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File: Lincoln Property Breaking Ground on Two Towers
File: (2) Mack Pogue. Sewell Automotive. Lincoln Property Breaking Ground on Two Towers in Preston Center.