Spire Realty plans Dallas mixed-use complex

Posted by Emily Ray-Porter Group on Wednesday, July 21st, 2010 at 10:39am.

Tuesday, July 20th, Dallas Business Journal

Spire Realty Group plans to develop a six-building office, hotel, retail and parking complex on 12 acres in the northeast section of downtown Dallas next to the Arts District.

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 Washington D.C., is providing architectural planning and interior design services for The Spire. Austin Commercial has been named construction manager and general contractor. Peloton Commercial Real Estate will handle leasing.

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 Bryan Tower at 2001 Bryan Street in downtown Dallas. Spire Realty recently purchased the 203,000-square-foot 500 E. John Carpenter Fwy. building in Las Colinas and the 21-story Chase Tower in Austin.


Leave a Comment

This site uses cookies to provide you with the best user experience. By using Highrises.com you accept our use of cookies.