12 Nov Designing Business
Our new tower will bring new business to the Dallas Design District
When Bill Hutchinson, founder and CEO of Dunhill Partners, purchased 33 acres and about 700,000 square feet of buildings in the Dallas Design District in 2014, he had a vision to shake things up in a neighborhood originally developed for trade commerce. With the close-in proximity to downtown and uptown Dallas, Hutchinson and team knew they were poised to evolve the area into a vital work-play district – drawing not only creative and entrepreneurial start-ups, but fast-growing business ventures requiring access to Dallas’ centers of commerce.
With that vision, the booming Dallas Design District will soon welcome a new high-rise office project into the Dallas’ coolest, high-visibility scene – a fast-growing scene that has included the construction of new apartments and trendy restaurants, along with the recent announcement that Virgin Hotels Dallas will soon start construction there.
The new 16-story high-rise office tower will be developed by Dunhill Partners and Crosland Group, and will be located on Stemmons Freeway at Edison Street just across from Victory Park. It will be next to the recently constructed 1400 Hi Line apartment tower.
“We think it’s a great location,” said Hutchinson. “We have a lot of pent-up demand for office space in the Design District but none is available.” Hutchinson further said he believes the tower will be 60% leased before ground is broken.
Dallas commercial real estate firm Altschuler and Co. is leasing the building. Dunhill and partner Crosland Group will begin construction in Spring 2016.