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    Preston Center News

    New report on Dallas' Preston Center parking garage offers some slim hope

    Jon Anderson
    Jul 2, 2020 | 3:12 pm
    Preston Center
    Almost everyone wants a park. Almost.
    Courtesy rendering

    Preston Center is as out of place in Preston Hollow as a Hershey's Kiss on a Ritz-Carlton pillow.

    The Preston Center parking garage, which sits on land owned by the city of Dallas, is the city's biggest chance to fix that. A 2016 plan recommended an underground garage with a park on top, and Dallas City Council member Jennifer Gates has been working with the neighborhood, North Central Texas Council of Governments (NCTCOG), and local landowners to move that vision forward.

    But any momentum has been dashed due to the Preston Center West Corporation (PCWC), made up of the landowners who own the neighboring businesses and property.

    To refresh, the garage is a textbook bad agreement worked out decades ago and reaffirmed by legal battles between the city and PCWC, who have veto power on everything. Any plan put forth by either party requires 100 percent buy-in – so it always ends in a stalemate.

    In March, NCTCOG and Walker Consultants put together a new 145-page report for the city on the existing (deteriorating) conditions, with two options for redevelopment.

    Two options
    Option one is what everyone but PCWC wants – a fully underground garage with a park on top.

    Option two is sorta what PCWC wants – an apartment tower on part of the land with a smaller park on top.

    I say sorta, because the last time we saw Robert Dozier, PCWC representative and presumed developer of the apartment tower, he wanted to cover the entire lot with parking and a high-rise with zero green space outside a pair of earmuff parkettes on two corners of the 3.15-acre parcel.

    The PCWC plan was developed by people who think trees are useless without actual cash falling from them. That is, unless it's their own home. Dozier’s 7,700-square-foot home on a half-acre lot in University Park has five mature trees in the front yard.

    New concessions
    The new plan offers a possible compromise by conceding half the block for an apartment building. I think that's a mistake. As we saw two weeks ago, there are two residential high-rises, by Leland Burk and by Rosebriar, proposed for the Hopdoddy corner of the garage. Combined, they will bring 360 housing units and 245 hotel rooms to Preston Center – and 39 trees.

    Should they face Dozier's high-rise or overlook a park? Mercurially, the garage tower is competition to Leland Burk's apartment tower, while Rosebriar's hotel and condos on the corner get blocked views and no benefit from more apartments.

    Were I Burk or Rosebriar and members of the PCWC, I'd vote against the garage high-rise, killing it cold. Did Burk, a Preston Center task force representative for Preston Center's Zone One, know that the park written into the plan didn't have the support of PCWC?

    Interesting tidbits
    Most of the information in the 145-page report has been hashed before, but there were some interesting tidbits:

    • Regardless of whether option one or two is selected, the construction time is the same: 23 months.
    • Both options require the entire parking garage be closed for the duration of construction. They'll need to find alternate parking.

    Whether it's a full-park or half-park, it'll require the same timetable and the same inconvenience.

    Money
    The other big consideration is money.

    • The estimated cost for the full park is between $38.5 and $41.2 million.
    • The estimated cost for the half park is between $38.1 and $39.7 million.

    The potential savings by building a half-park are between $400,000 and 1.5 million (less for the half-park). Opperations and maintenance costs are identical.

    With no time savings, no inconvenience savings, and virtually no money savings, why not be bold and go for the fully underground option with its full park?

    The PCWC’s veto, that’s why.

    City should wait it out
    The PCWC doesn't seem to have ever wanted the full park – they're probably squeamish about the half-park. But the city is not on the hook for the crumbling garage's maintenance. PCWC is. Sitting on the land and waiting for the garage to die doesn't hurt the city, except for any insurance needed in case a chunk falls off.

    Those wanting to breathe life into moldering Preston Center feel cursed by the PCWC's veto, but the option to do nothing is just as powerful. If those landowners are okay with their lower-rent tenants operating in a slum, so be it. Time is on their side. What can't be controlled is whatever the next D13 council person does. Gates is on her final term.

    Her successor may believe in the PCWC's aesthetic wasteland vision. But I remind City Hall, nowhere on earth is there a city complaining about too much green space.

    This assumes Dozier still wants that original plan of a single high-rise. But as we'll share in part 2 tomorrow, he's been hard at work to fully develop an ugliness that lines pockets at the neighborhood’s expense and the city’s dime.

    ------------------

    A version of this story appeared on Candy's Dirt.

    urban-renewal
    news/real-estate

    Downtown News

    Historic West End Dallas mixed-use complex gets familiar new owner

    Teresa Gubbins
    May 28, 2026 | 4:30 pm
    Market Ross Place
    Courtesy
    Market Ross Place

    A historic building in Dallas' historic West End has a familiar new owner: Five Smooth Stones, a real estate company that specializes in historic renovation, just acquired Market Ross Place, a mixed-used combination of three buildings located at 1701 N. Market St.

    Five Smooth Stones is led by Owen Hannay, Dallas native and West End enthusiast who first began investing in the neighborhood in 2000, and is now making a return to the historic area to breathe in new life.

    “We have had a lot of success in the West End over the past 25 years but, like many other districts, it tends to be cyclical, so we find ourselves with a lot of opportunity to improve the West End — again," Hannay says in a statement.

    Market Ross Place consists of three buildings connected by a five-story atrium, comprising four restaurants and office space totaling approximately 142,000 square feet. It was built in 1905 and is listed on the National Register of Historic Places.

    Hannay also bought three retail buildings across from Market Ross, a parcel that includes the Museum of Illusions; the former Gators restaurant; and a building containing Mas Tacos and Cannon Bakery. He also bought the West End Parking Garage, which includes 35,000 square feet of retail and more than 650 parking spaces on six levels.

    These acquisitions closed in March 2026.

    Hannay, who also owns Dallas ad agency Slingshot LLC, first began investing in the West End when he acquired the Awalt Building at 208 N. Market St. in 2000. He went on to buy other West End properties such as a three-building portfolio at Elm and North Record streets, giving him one of the largest stakes in the neighborhood, with ownership of nearly one quarter of the 1 million square feet of office space in the area.

    Over the years, Five Smooth Stones has purchased and renovated almost 1,000,000 square feet of historic office and retail space in The West End.

    One of their most high-profile purchases was the Landmark Center, the six-story building at 1801 N. Lamar St. that was formerly a regional center for the FBI and also served as the first office HQ for CultureMap Dallas when the site launched in 2012. Five Smooth Stones bought it in 2004, renovated it, sold to Argus Realty Investors LP in 2006 — then bought it back again in 2023.

    The Landmark Center is one of many properties in the West End that has undergone multiple ownership changes, bouncing from local companies like Five Smooth Stones to institutional companies like Granite Properties — often with less than ideal results.

    “When we sold our holdings in the West End in 2015, office occupancy in the district was probably over 90 percent," Hannay says. "We intend to get there again by proving that businesses want high-quality, well priced, centrally located historic space that exists in a genuine neighborhood that provides a human scale to live in, work in, and play in."

    To that end, Five Smooth Stones has signed several new lease agreements in the Landmark Center, as well as facilitating the comeback of Ellen's Restaurant into its old space at Market Ross.

    The new office tenants at Landmark include:

    • The Law Offices of Dean Omar Branham Shirley, LLP, a leading law firm, leasing almost 16,000 sq ft
    • HighLevel Inc., a marketing technology company with 15,700 sq ft on the fifth and sixth floors
    • Benchmark Group Architects, with 7,500 sq ft on the first floor
    • The Houston Room, an event venue occupying 6,000 sq ft on the fourth floor

    … along with several smaller tenants including Corgan Architects Model Studio, Wildcat Investments, Cravens Brothers, JF Depetris, Jr., CPA and Collabridge Solutions, Inc.

    The new leases bring The Landmark Center to more than 50 percent occupancy, with additional build- to-suit leasing opportunities available ranging from 2,000 to 30,000 sq ft.

    "I believe that the leases we have already signed are indicative of demand,” Hannay says.

    dallas west enddowntownhistoric buildingsustainability
    news/real-estate

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