(For more retail coverage, click GlobeSt.com/RETAIL and the multifamily market, click here.)

DALLAS-Hillwood, celebrating its first office lease at Victory Park, has started dirt work for the $110-million House, a 150-condo project of Philippe Starck and YOO UK Ltd., and readying the market for holiday season openings for a 30,000-sf retail contingent.

The House will go vertical in 60 to 90 days during the same time that crews will be pushing up on Victory Tower, a $325-milion Mandarin Oriental hotel and residences. By June 2007, Victory Park’s vertical work will be in various stages for $640 million of mixed-use space. The $125-million One Victory Park got its go-ahead when Hillwood’s team nailed a lead tenant, Haynes and Boone LLP, for up to 175,000 sf on six floors of the 20-story, 456,000-sf structure. The first of two office buildings will break ground in the first quarter in a 75-acre district anchored by American Airlines Center and including a W Hotel and the Craft bar and restaurant.

The next construction wave will bring four of Victory’s 30 buildings on line. “This will finish the second and third phases,” Jonas Woods, president of Hillwood Capital, tells GlobeSt.com. “Soon, we’ll be announcing our concept for the fourth phase.”

The 28-story House will stand as the landmark icon for Victory’s southernmost gateway. The Starck-Yoo project is being built by Manhattan Construction Co., a subsidiary of Tulsa-based Rooney Holdings Inc., with WDG Architecture Inc. of Dallas and Boston-based Elkus Manfredi Architects Inc. as part of the design team for the renowned Starcke, who’s marking his first project in the Southwest with the undertaking. The House is set to open in 2008.

Woods says the 150 condos are nearly half sold out to what Starcke likes to call “the smart tribe,” crisscrossing all generations on the buyers’ profile. Condos range from 1,000 sf to 8,700 sf, with the average standing at 1,500 sf and the average sticker at $600,000. Al Coker & Associates of Dallas is marketing the project.

The holiday retail openings will be Quicksilver, Paciugo Gran Caffe Fall, Haven, J. Lindeberg, Bella Flora, Gachet Coffee Lounge, Jolie Boutique, Luna de Noche Gourmet Grill and Klad Clothing. Also coming soon is WFAA Channel 8′s in-town studio. And, doors open in January or February on another 125,000 sf of retail and restaurant space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.