Dallas’ two newest towers have a park at their front door.
Lincoln Property Co.’s 1900 Pearl office high-rise and Trammell Crow Co.’s new PwC Tower sit across from each other off Klyde Warren Park on the northern border of downtown Dallas.
The plush office projects are competing for tenants with new restaurants and public spaces that are a notch above their nearby, older-office neighbors.
“There never has been anything like this built before that’s totally oriented toward the park,” Trammell Crow senior managing director Scott Krikorian said, giving a tour of his firm’s Park District project.
The $300 million Park District development — at the northwest corner of Pearl Street and Woodall Rodgers Freeway — includes the 20-story PwC Tower office building, a 34-story luxury apartment building with 228 units and ground-floor retail space.
The buildings surround a large public plaza, which faces Klyde Warren Park.
“It feels like it’s reaching out to the park and connecting with it,” Krikorian said. “We’ve got the same landscape architect that did Klyde Warren Park. We want the feel that you don’t know when you are leaving the park and coming into our project.”
Designed by Dallas architect HKS, Park District pushes the high-rise buildings to the edge of the block leaving the center open for the plaza lined with restaurants.
“We will have three restaurants — each with a different price point,” Krikorian said. “We have a huge area for outdoor seating.”
All the parking is underground in a 2,000-car garage.
The 500,000-square-foot office tower has already signed leases with accounting giant PricewaterhouseCoopers and law firms Winston & Strawn LLP and Barnes & Thornburg.
“Winston & Strawn and PwC have both started construction on their offices,” Krikorian said. “We have a little less than half of the building left to lease.”
The lobby of the office building is lined with gleaming white marble from the same historic Colorado mine that produced the Lincoln Memorial in Washington, D.C.
Several of the office floors have terraces.
“The views are beautiful — at night, they are dramatic, particularly over the park,” Krikorian said. “PwC has four balconies.”
On the lower floors, there’s a tenant lounge, conference facilities and a 7,000-square-foot fitness center.
“The fitness center is the only amenity shared between the office and apartments,” he said.
The Residences at Park District next door has its own separate lobby and lounge areas. And there’s a swimming pool on the roof of the adjoining restaurant and retail building.
“The views of the skyline from the building are awesome,” said Joel Behrens, who heads Crow’s High Street residential division.
The biggest penthouse apartment in the tower is a 3,200-square-foot, 3-bedroom unit with a study that goes for almost $20,000 a month.
“We have one of the penthouses (there are a dozen) spoken for,” Behrens.
Trammell Crow is building the entire Park District project in partnership with a unit of Metropolitan Life Insurance.
At Lincoln Property’s 1900 Pearl tower across the street, you won’t find penthouse apartments or a pool, but the 14th floor tenant lounge and outdoor terrace has some of Dallas’ best views overlooking the Arts District and Klyde Warren Park.
“We think our tenants after work will be having a glass of wine up there on the balcony,” said Lincoln vice president Jake Young. “This has been the most favored feature of the building.”
The amenity floor also includes conference facilities, a catering kitchen, wine lockers and a fitness center with basketball court.
“The views are the biggest selling point,” Young said.
So far, Dallas law firm Baker McKenzie and Steward Health Care — moving from Boston — have leased more than 100,000 square feet of the 25-story tower.
“It’s a boutique building with 260,000 square feet,” Young said.
The lower 10 floors of the high-rise is parking. And there’s a soaring ground floor lobby with light polished stone, bright metal and rich wood finishes.
“It’s definitely a different look from the 1980s buildings,” he said. “We have two restaurants coming on the ground floor.”
Lincoln Property built the 1900 Pearl tower for investor Goldman Sachs. The building site at the southeast corner of Pearl and Woodall Rodgers is next door to the Meyerson Symphony Center.
Baker McKenzie has already moved into the tower, and Steward Heath Care will start relocating people to the tower this summer.
“Activity on the remainder of the building is on fire,” Young said.