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Hi-Rise News

Dallas' most iconic downtown building is adding the trendiest new amenity

Teresa Gubbins
Oct 11, 2023 | 9:49 am
Fountain Place downtown Dallas

Fountain Place, downtown Dallas

CBRE

One of the most, if not the most, iconic buildings in downtown Dallas is adding an exclusive new amenity: Fountain Place, the beautiful modernist skyscraper designed by I.M. Pei at 1445 Ross Ave. is opening an invitation-only private club called Cypress, designed to redefine the office experience. Private clubs are buzzy right now.

According to a release, it'll open in summer 2024.

The club will be open to Fountain Place’s office tenants but is also being conceived as a gathering ground of Dallas' elite impact makers and distinguished professionals. (CultureMap writers need not apply.)

Chris Hipps, Senior Managing Director at CBRE, says in a statement that it marks a watershed moment in the evolving landscape of office spaces and amenities.

"Cypress at Fountain Place is not just another ‘club,’ it's truly a groundbreaking creation,” Hipps says. "This is first-in class, first-in-market, and first-in-country. It sets Fountain Place apart and marks a new era of workplace luxury. Correspondingly, it will offer the companies that office at Fountain Place a significant advantage in their effort to recruit new employees, as well as to retain their existing high-performers."

The space will provide members a place to be productive while recharging their personal batteries with an array of facilities, including two Trackman golf simulators, for golf enthusiasts to play their favorite courses in between meetings, steps from their Class AA office.

There'll also be both indoor and outdoor pickleball courts, which is good, and the first hunting simulator in any office environment or urban club of its kind, which is not good. Come on, people, hunting, even fake-hunting, is lame.

Matt Frelich, Trackman Senior Vice President Sales & Business Development for the Americas. says that introducing a Trackman Golf Simulator into both a private club and as an office space amenity is "a groundbreaking fusion of leisure and productivity."

“What sets Cypress at Fountain Place apart is that no one else has ventured into this unique blend, making them pioneers in redefining the way we work, play, and achieve a perfect swing under one roof," Frelich says.

The club's ambiance will be adorned with one-of-a-kind creations from regional and international artists and a design by award-winning Kellie K. Sirna of Studio 11 that folds cutting-edge technology into an opulent atmosphere, with access to modern gadgets, state-of-the-art amenities, classic food dishes, and a lavish bar.

Fountain Place is the landmark 58-story glass prism designed by architects I.M. Pei and Harry Cobb and constructed in 1986. It recently completed an extensive $70 million renovation that updated all of the building interiors including a new lobby finished with one-of-a-kind artistic glass; a state-of-the-art fitness center with private showers and individual lockers; and the incomparable outdoor plaza with 1.7 acres of water, trees, and gathering places.

downtown
news/real-estate
popular

Big deal

Houston investor acquires Bishop Arts mixed-use portfolio in $170M deal

John Egan
Oct 9, 2026 | 10:30 am
Bishop Arts Written by the Seasons
Photo courtesy of Hines
Michelin-recognized Written by the Seasons is one of several Bishop Arts businesses acquired by a Houston-based investor.

A Houston investor has snapped up a mixed-use portfolio of nine buildings in the Bishop Arts District, the second Bishop Arts property acquisition since August.

Hines Glob­al Income Trust told CultureMap it paid more than $170 million for a mixed-use complex with 539 apartments and 49,000 square feet of high-end shops. The Bishop Arts Portfolio, as Hines refers to the real estate package on its website, sits on almost seven acres.

“Bishop Arts is a special place, shaped by the care and investment of its prior ownership. We see our role as building on that foundation through thoughtful ownership and Hines’ integrated operating platform,” Corbin Eckel, managing director at Hines, told CultureMap.

Hines identified the seller as Dallas-based Exxir Capital. Exxir developed Oak Cliff's 750,000-square-foot, two-block Bishop Main Street area, which features retail, residences, and offices, and includes the properties acquired by Hines.

Tenants of the newly acquired properties include:

  • Italian restaurant Lucia, a Michelin recommended restaurant.
  • Michelin-praised Written by the Seasons, which serves a New American menu.
  • Paradiso, a Southern European-inspired eatery.
  • Bar Eden Lounge, a swanky cocktail bar.
  • Village Baking Co., an artisan bakery.

Hines is taking over all leases at the residential properties:

  • Bishop North, 200 N. Bishop Ave.
  • Bishop Canopy, 515 W. 10th St.
  • Bishop Flats, 305 and 431 Melba St.
  • Treehaus, 211 W. 10th St.
  • Retail at 308 and 275 N. Bishop Ave.; 404, 332, 336 and 337 Melba St.; and 403 and 321 W. Ninth St. Altogether, the portfolio’s retail component comprises 22 tenants.

The Hines deal comes two months after Dallas-based investor 90Ten purchased 301-321 N. Bishop Ave.301-321 N. Bishop Ave. in Bishop Arts. Tenants include burger diner Hunky’s, Italian pastry and coffee purveyor Palmieri Café, vintage clothing store Dolly on Bishop, gift shop Kawaii Candle Co., and cosmetics retailer Simply Bella.

bishop arts hines glob­al income trust dallas real estate commercial real estate residential oak cliff real estate
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