Downtown Development

Klyde Warren Park to get companion mixed-use high-rise in downtown Dallas

Klyde Warren Park to get companion mixed-use high-rise downtown

Park District rendering
Park District will sit on the 3-acre parcel between Pearl Street, Olive Street and Klyde Warren Park. Construction is expected to commence in 2015. Courtesy rendering

More high-rise development is in the works for the Dallas Arts District, courtesy of Trammell Crow Company and joint venture partner MetLife. Dubbed Park District, the 916,000-square-foot mixed-use project will include an office tower, luxury residential tower, ground-level retail, below-grade parking and a plaza.

The project, designed by Dallas-based HKS Architects, will sit on the 3-acre parcel between Pearl Street, Olive Street and Klyde Warren Park. Speaking of KWP, the landscape architecture firm responsible for the park’s award-winning design, the Office of James Burnett, will handle the design of Park District’s plaza.

Building is expected to start this year.

The 19-story Park District Tower on Pearl will feature more than 500,000 square feet of office space and 9,000 square feet of retail at the base. Expect multiple outdoor terraces, state-of-the-art fitness facility and a grand lobby with “luxury hotel-like space” for informal meetings.

As for the residential part, Trammell Crow Company’s residential subsidiary, High Street Residential, will develop the 32-story Residences at Park District on Olive. It will have approximately 255 residential units and 13,000 square feet of retail space fronting Klyde Warren Park. Residents will have access to an amenity deck with a pool overlooking KWP, fitness center, valet and concierge services. Second-level retail design will take cues from the architecture of the office building with a signature cantilever, providing ground-level shade and views of the park.

The overall design of Park District will emphasize its connection to Klyde Warren Park, with wide sidewalks, park-like landscaping and walkable plaza. The vast majority of the office, residential and visitor parking will be located underground so as not to interfere with the existing fabric of the neighborhood.

“Park District will be a one-of-a kind project that will further connect the Arts District, downtown, and Uptown, providing tenants, residents and the public a unique way to experience Klyde Warren Park and the city,” said Scott Krikorian, senior managing director with Trammell Crow Company’s Dallas-Fort Worth Business Unit, in a release.

“This project began almost 10 years ago when we bought a small well-located parcel of land in Uptown,” added Kurt Day, director and regional head of real estate in MetLife’s Dallas office. “Uptown’s evolution and the effects of Klyde Warren Park over the last few years have been exciting, and we think Park District will raise the bar to the benefit of Uptown residents and workers.”