From GlobeSt.com
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Taking the city's "vision" to heart, Lucy Billingsley, daughter of Trammell Crow, plans to break ground Aug. 1 on a $100-million, mixed-use development with 7-Eleven Inc.'s headquarters in the anchor slot. The Dallas-bred building owner and her new tenant have worked out a 15-year lease with a trio of five-year options for the first high-rise development in Downtown in 18 years.
The 22-story One Arts Plaza will go up on a 10-acre tract that's been owned for two decades by the Crow family. The present proposal calls for 425,000 sf of office space, 30,000 sf of retail and 110,000 of residential space in 60 condos. Billingsley, known for her suburban office park development, is marking her first project inside the city line. "The reason I got this opportunity is because he had the foresight to buy the land," she says about her father.
The 22-story One Arts Plaza will go up on a 10-acre tract that's been owned for two decades by the Crow family. The present proposal calls for 425,000 sf of office space, 30,000 sf of retail and 110,000 of residential space in 60 condos. Billingsley, known for her suburban office park development, is marking her first project inside the city line. "The reason I got this opportunity is because he had the foresight to buy the land," she says about her father.
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One Arts Plaza is just one of a handful of projects being pushed by Dallas Mayor Laura Miller and a corps of backers with a vision to catapult the city from a circle with Atlanta and Denver and make it an effective competitor for the likes of Los Angeles, Chicago and New York City. "This is yet another sign that the revitalization of downtown is real," Miller says in a press release, "and I have every confidence that this decision by 7-Eleven will result in a tremendous boost for our center city."
From The Dallas Morning News story 7-Eleven move to add live to Arts District
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The move, announced Wednesday, will be the largest corporate relocation to the central business district in almost a decade. It also will be the first office tower built downtown since the 1980s.
More News:
Dallas Morning News: 7-Eleven's move should help Arts District
Dallas Business Journal: 7-Eleven to anchor downtown project
Fort Worth Star-Telegram: 7-Eleven to announce plans for new headquartes
