Deep Ellum News

Uber puts up most of its office space in Deep Ellum building for rent

Epic building, shown in this rendering, will be a lot less Uber.

Photo courtesy of The Epic

In not-so-great news for Deep Ellum, Uber Technologies is leasing out most of its office space inside the Epic building at the corner of Pacific Avenue and Good Latimer Freeway.

According to BisNow, the company put 117,000 square feet of space on the sublease market, which is nearly all of its space with the exception of two floors, where a few hundred employees moved in early 2020.

A real estate research company spokesperson told BisNow's Kerri Panchuk that "it's always concerning when an anchor tenant like Uber lists that much space at once."

Uber originally signed on to lease 168,000 square feet across seven floors. They've also started building out yet a second office tower, The Epic II, next door.

As recently as February, Uber was in hiring mode, retaining recruiters to hire 3,000 employees for its Deep Ellum offices. Then the COVID-19 fallout came. An Uber spokesperson told BisNow in March that they would be "temporarily pausing construction" in Dallas until 2021, but that they didn't anticipate any longterm changes to their strategy or expectations regarding growth in Texas.

A spokesperson for Westdale Real Estate Investment, the developer for The Epic, told BisNow that Uber will still move into The Epic II in 2022, and is subleasing its office space in Epic I because that space is unlikely to be used between now and then.

Uber is not the only Epic building tenant with troubles. Spaces, the coworking firm, and its parent company Regus have filed for voluntary Chapter 11 bankruptcy protection for a number of their locations across the country. Coworking spaces have been hit hard by the pandemic.

But the Westdale spokesperson said that Uber will be in a strong position as the economy turns around, stating that the reasons they decided to relocate to Dallas including labor force and business-friendly environment are still in place.

deep-ellum

Home For Sale

Once-in-a-century 3-acre estate for sale in Dallas' Preston Hollow

The Agency Dallas

9511 Inwood Rd.

A once-in-a-generation estate has hit the market in Dallas' Preston Hollow neighborhood. Located at 9511 Inwood Rd., the home is being offered for sale for the first time in more than a century, having remained under the stewardship of the same family since at least 1940 when the current home was built.

Situated on nearly three acres on a corner lot, it's an English-style estate surrounded by century-old hardwoods and manicured landscaping, creating a private sanctuary in the middle of the city.

There's a main residence, guest quarters, and two workshops, one featuring a rail-mounted hoist and enhanced electrical systems.

Listed for $7,500,000, the home has 4,675 square feet with four bedrooms, 4.5 bathrooms, and a five-car garage.

The property is free from both floodplain and historic designation, allowing a buyer to remodel, rebuild, or (ugh) subdivide. It also has three curb cuts — two on Inwood Road and one on Park Lane — with the possibility of a posh Park Lane address.

It's also zoned for horses and other animals, and a perimeter privacy wall can be added.

According to listing agent Andrea Childress with The Agency Dallas, the property was originally known as Sunnyslope Estate, and was developed more than 100 years ago by oilman M.H. Marr, who was searching for a place to settle with his family when he discovered the tract of land on what was then the edge of Dallas and is now in the heart of Preston Hollow.

Marr's wife, Adah Yale Marr, was known for her prominent social presence, entertaining various figures and hosting business gatherings with Dallas families like the Hunts, Meadows, and DeGolyers among their guests.

The Agency Dallas

9511 Inwood Rd.

Childress calls it "more than just a listing—it’s a landmark."

"Properties like this simply don’t exist anymore, especially with this kind of acreage, location, and legacy,” she says.

home-for-sale