Dallas’ Largest Mixed-Use Project Honored in Best Development Category
DALLAS, TX – November 10, 2016 – Trammell Crow Company’s (TCC) Park District project was awarded Commercial Property Executive’s (CPE) 2016 Distinguished Achievement Award for Best Development. This is TCC’s second consecutive year to be named winner of the award, earning the title in 2015 with Denver’s Union Station.“We are honored that Park District has been acknowledged by Commercial Property Executive as a best development. It is humbling to be recognized by commercial real estate industry leaders and peers,” said Scott Krikorian, Senior Managing Director of TCC’s Dallas-Fort Worth Business Unit. “PwC Tower at Park District, along with the Residences at Park District and retail spaces, is truly transforming the gateway to the Uptown area of Dallas. Park District has greatly benefited from the help of several stakeholders, and this development would not be possible without participation and input from the community, such as the City of Dallas, Klyde Warren Park, PwC, area neighbors and the Oak Lawn Committee, to name a few.”
Park District, which sits at the junction of Dallas’ Uptown and Downtown, is a 2-tower mixed-use development that boasts more than 800,000 square feet of premier Class A office space, restaurants and luxury residences. PwC Tower at Park District, the 20-story office tower, features 494,300 square feet of Class A office space with 7,000 square feet of ground floor retail. The tower features first-class fitness facilities, outdoor common spaces, on-site banking, valet, and collaborative work spaces.
The Residences at Park District, being developed by TCC’s residential subsidiary High Street Residential, is a 34-story tower, featuring 228 luxury residential units and 13,000 square feet of retail space. Residents will have access to an elevated amenity deck overlooking Klyde Warren Park and the Dallas skyline, a state-of-the art fitness center, dog park, valet, and concierge services.
The winners of CPE’s 2016 Distinguished Achievement Awards represent leading transactions, strategies and projects that took place last year. CPE’s Best Development category highlights a project that illustrates an all-around combination of good teamwork, positive impact to the surrounding community and a sound business plan exhibiting solid financial decision-making, innovation, creativity and efficiency. This year, the judges praised “the development’s seamless integration into the existing park and its current and future benefit to the surrounding community.” (Bulman, Mallory. “Eye on The Prize: The Winners of CPE’s 2016 Distinguished Achievement Awards.” Commercial Property Executive Magazine, Oct. 2016, pp. 37)
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of September 30, 2016, TCC had $7.1 billion of projects in process and $3.7 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information, visit www.TrammellCrow.com.
About High Street Residential
At High Street Residential, a wholly-owned residential subsidiary of Trammell Crow Company, our expertise is mixed-use projects on premier sites in major U.S. cities, very often adjacent to transit hubs. In the last decade the company completed more than 5,100 units with more than $1.2 billion in value. We manage the development of apartments, condominiums and townhomes and have a have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. We have a current pipeline of nearly 10,000 units valued at nearly $3 billion. For more information, visit www.highstreetresidential.com.
