At McKinney and Olive, Crescent Holdings to Plant 3.1-Acre Mixed-Use Development

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At long last, Crescent Holdings has decided how to fill that property at McKinney and Olive, which, per its announcement this morning, the Crescent has been sitting on for more than 15 years with the intention of developing "when we believed the market was ready," in the words of bossman John Goff. It would appear the market's now ready, set, go:
According to the initial design, the new development will be a mixed-use project comprised of approximately 400,000 square feet of office, 60,000 square feet of retail and 50 luxury residences (final weighting to be determined by market demand).
And the project, across the street from the Ritz-Carlton, won't be any ol' mixed-use development, they say, but one designed by Pelli Clarke Pelli Architects, which is fronted by 1995 AIA Gold Medal-winner César Pelli and responsible for projects from Austin to Philly to Malaysia. It probably won't rival the Xiao Bai Lo tower due to rise in Tianjin, China, come 2013. Nevertheless, offers the architect in the Crescent's what-for ...
Cesar Pelli said about the project, "It was clear from the beginning that we shared the same vision as Crescent in developing this incredible Uptown Dallas site. Dallas is a market that is respected for its innovation around the world, and we believe that its architecture should reflect that." As for the firm's plan to ensure the design embraces the community, Pelli added, "We are paying particular attention to the way the project will meet the street. Uptown is the most vibrant and pedestrian-oriented urban district in the state of Texas, and we intend to visually invite the neighborhood in."
Are we world-class yet?
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23 comments
Gotdemletters
Gotdemletters

It'd be cool to just have residences. Not sure why Dallas always seems to need more "luxury" ones...

Dallas: Keepin' it Klassy

Rantanamo
Rantanamo

I guess everyone would be happier if they announced a suburban Target for that plot.

Rantanamo
Rantanamo

from reading the comments.  I see Dallas residents still have an inferiority complex.

As for the Ritz comment.  They released their numbers the other day and they were really good.  Excellent actually.  You're not going to get "regular people" housing in a place with such a high price per square foot.  Just not going to happen.

Juan Valdez
Juan Valdez

"50 luxury residences"...The project is doomed.I work in this area and I can see on a daily basis the almost empty Azure luxury residences, the empyty Ritz Carleton residences and the ghost town called Victory. All luxury, all empty, souless, devoid of life. What this area need is some regular people housing, regular people joints/restaurants/groceries and other regular people businesses.

Wylie H.
Wylie H.

I think this is going to be a good addition-- especially if they include a 25,000 square foot upscale grocery store in the mix, as is currently being rumoured.

guest
guest

Will you need to wear a Rolex to be apart of that "neighborhood" which they intend to let in?

Bob
Bob

Dallas architecture can best be described as "late-20th century mausoleum."

Bob
Bob

Dallas has a great collection of second-rate buildings by first-rate architects.  Just look across the street from this project to the Crescent.  Here's hoping we get better from Pelli.

Oak Cliff Townie
Oak Cliff Townie

I bet this is built and in some cases its second set of tenets long  before Sylvan and Thirty get out of the Bureaucratic Maze they have stumbled into  .

Scruffygeist
Scruffygeist

Dallas is to world-class cities as Ke$ha is to music.

WalkableDFW
WalkableDFW

Uptown Dallas might be one of the more vibrant and pedestrian-friendly areas in all of Texas.  And relatedly, some of the most valuable land.  But I suspect this particular part of uptown, Lower McKinney is at its peak price-point unless the spaghetti network of infrastructure is remedied.  It is decidedly un-pedestrian.  It is disconnected.  The parts don't hold together creating a whole that is greater than the sum of parts.  Density w/o urbanism is a really quick way to lose money.  Good luck to those invested in the area.

dallasmay
dallasmay

"Are we world-class yet?"

Really? Why the hate? A private individual is willing to risk their own money and develop the area in a really neat way. What's your beef?

Juan Valdez
Juan Valdez

Its not about an inferiority complex its about reality. Have you been to the Victory area? 80% of shops are CLOSED. Nada for a couple of years. I love exclusive and expensive. However, there is something missing in this area and that is more regular folks. I dont mean Chapter 8. What I mean is more of the younger urban crowd from Uptown/Knox Henderson. My office looks directly into the Azure. Its empty!! We cant pretend this city is going to be luxurious. If we do, the term looses its value.

Daily Reader
Daily Reader

Guess I gotta slap on my imitation Rolex with the gold colored expandable watchband before I head into that part of town.  Maybe stuff my purse into a knock off LV.

Anon
Anon

mark my words, people will visit this new mixed use structure and get in their cars to drive to the Ritz for drinks.

Brian Smith
Brian Smith

McKinney pretty much dies past Pearl. Tiny sidewalks, wide streets, and mess of intersections (especially where Pearl meets McKinnon) all kill the walkability/livability of the place.

Robert Wilonsky
Robert Wilonsky

Many thanks -- I swapped 'em out. I was indeed hoping for something a bit more current and not, say, a site populated by Ritz construction vehicles.

Robert Wilonsky
Robert Wilonsky

Actually, it was more a comment on the fact the architect's best-known projects are extravagant developments in far-flung places. No "hate" intended. No "beef."

Rangers100
Rangers100

I love you, Robert Wilonsky.  Internet kisses.

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