Lincoln Property Company, a global real estate powerhouse rooted in Dallas, is set to redefine the Uptown skyline. The firm has acquired a prime four-acre tract along Cedar Springs Road and revealed plans for an ambitious Class A mixed-use development featuring office spaces, luxury apartments, a five-star hotel, retail venues, and expansive green space.
Clay Duvall, co-CEO of Lincoln Property Company, said the location is “without a doubt” among the “best land sites in the country.”
“We’re thrilled to have acquired this top-tier site and look forward to bringing this incredible new mixed-use project to Dallas,” he said in a news release.
By the numbers, the yet-to-be-named development at 2500 Cedar Springs Road will include:
- 400,000 to 500,000 square feet of office space — an area comparable to seven to nine football fields
- Approximately 250 luxury apartments
- A 200-key five-star hotel/residence
- 25,000 square feet of food and beverage retail
When completed, the project promises to be “one of the most significant developments in Dallas since The Crescent,” said Chase Prospere, SVP and office market leader at Lincoln in Dallas, in the news release.
Prospere said the completion of the site acquisition was the first step in bringing Lincoln’s vision to life in Uptown, calling it “one of the most sought-after submarkets in the country.”
While a timeline for development has yet to be finalized, Lincoln intends to move swiftly on the project. “Complex developments like this are years in the making,” Prospere said. “It’s very early in the process, but we intend to move at pace to get to groundbreaking,”
Lincoln expects strong leasing activity due to the development’s prime location and impressive amenities, he added, noting that the company is “actively marketing the project to prospective anchor tenants.”
Dallas leasing experts Jake Young and Worthey Wiles will handle the leasing process in-house.
‘A short walk’ from many Dallas attractions
Lincoln said that the development is “a short walk” from the Crescent office and hotel, the Ritz Carlton Hotel, the Katy Trail, Klyde Warren Park, Victory Park, and the American Airlines Center. It’s also easily accessible from Dallas neighborhoods such as the Park Cities and Preston Hollow and is about a 15-minute drive from Love Field airport.
The acquisition and development announcement comes on the heels of Lincoln unveiling its new global headquarters in October 2023. The firm’s headquarters at 8111 Douglas Avenue in Dallas is part of a mixed-use project developed by Lincoln that includes two 13-story towers.
With its Dallas headquarters as a key hub, Lincoln operates 35 offices throughout the U.S. and Europe, under the guidance of co-CEOs Duvall and David Binswanger, and with strategic backing from Stone Point Capital. As one of the largest diversified real estate services firms, the firm provides management, leasing, development, and advisory across various sectors such as office, life science, retail, industrial, data centers, production studios, and mixed-use properties.
Lincoln said it manages and leases about 500 million square feet of commercial space on behalf of institutional clients. Since its inception in 1965, Lincoln has acquired and developed over $24 billion and 62 million square feet of commercial projects, marking its significant impact on the real estate industry since 2018.
