Tuesday, July 20th,
Spire Realty Group plans to develop a six-building office, hotel, retail and parking complex on 12 acres in the northeast section of downtown
The initial phase of the project, called The Spire, will include a 21-story office building with about 360,000 square feet of office space, 25,000 square feet of retail and 36 residential units.
Caleb Smith, president of Dallas-based Spire Realty Group LP, said The Spire will be a vibrant, pedestrian-friendly neighborhood that "not only allows for interaction with the surrounding cultural destinations, but promotes retail and commercial viability."
Spire Realty began analyzing the expansion plans of the Arts District several years ago, and realized the area needed an easy-to-find pathway from the closest Dallas Area Rapid Transit station to the Arts District, more parking, and more retail, residential and office space, Smith said. The Spire is designed to address those shortcomings, he said.
Architectural firm WDG, with offices in Dallas and
In addition to urban land parcels in Dallas, Austin and Houston, Spire Realty Group also owns and manages a 3 million-square-foot portfolio including the 40-story