The Dallas-based developer has tweaked the City Place plan sinceNovember2007 when it seated Stream Realty Partners LP and theRetail Connection to lease the office space and shop space. Theinitial focus was to fill the 312,000 sf of class A office in the19-story, 320,000-sf tower at 300 Throckmorton St. With the officespace now 65% leased, the developer and its Dallas-based teams areready to lob a full-court press for the retail line-up. The Shopsat City Place will be front and center at the International Councilof Shopping Centers' annual showcase in Las Vegas.

"There are going to be some great concepts coming to this. We'vehad a much better response than I thought we were going to get,"PNL president David Porter tells GlobeSt.com. "They see the wholething coming together. They can see the quality and the nature ofthe overall development."

Porter says the first hard push is aimed at the central block,which is being gutted for 106,000 sf of retail and topped off withparking levels for 435 spaces and two more decks to the northgarage. The central block's date with a wrecking ball was canceled."We looked at it and said 'that corner's way too good,'" Portersays. "It really creates a more improved streetscape in theDowntown."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.