Hines Announces Plans for New 23-Story Office Tower in Dallas

(DALLAS) – Hines, the international real estate firm, announced today plans for a new 23-story office tower in Victory Park. The iconic tower will be located at 2371 Victory Avenue just north of Hines’ One Victory Park development.

 

The Class A office building will offer future tenants an unbeatable location with superior access to major highways, immediate proximity to the DART Light Rail at Victory Station, the popular Katy Trail, and great entertainment and housing options within the resurging Victory Park. The 470,000-square-foot building will have prominent visibility along Interstate-35 and include 15 levels of office space with panoramic views of Uptown, Downtown, American Airlines Center, Design District, Trinity River, and the impressive Margaret Hunt Hill Bridge. Tenants can expect a strong amenity base featuring a 7,000-square-foot fitness center, a 6,000-square-foot conference center, on-site restaurant and café, and rooftop function terrace.

Construction on the building is expected to begin in 4Q2014 with a projected delivery date of 1Q2017. Cushman & Wakefield has been hired to direct leasing and marketing for the property.

Designed by Duda/Paine Architects, the stunning sloped crystalline structure will feature 29,000 square-foot, rectangular floor plates, 10-foot floor-to-ceiling glass and ample parking. The top of the building will slope up toward Victory Avenue and incorporate architectural lighting features. The lobby of the building will be featured through a glass wall along Victory Avenue with a setback entry facing south toward a plaza and garden space, as well as a generous drive for vehicular drop off.

Hines Southwest Regional CEO Mark Cover stated, “This project will be a true ‘next-generation’ office building, utilizing best practices we’ve learned from our previous developments in Houston, Dallas and around the world.”

 

Hines Managing Director, Heath Johnson, added, “We are excited about delivering the next landmark office tower in Victory Park and being part of the exciting retail transformation occurring there. The amenities offered by the district and within the building are unmatched.”

Hines entered the Dallas market in 1982 with the development of the Galleria mixed-use complex. Other notable Hines Dallas-area developed and acquired projects include: Galleria North, One Victory Park, Chase Tower, Las Colinas developments and Southlake Carillon. Currently, the firm owns and manages more than 2.8 million square feet in the area.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.