Mixed-Use Project on Klyde Warren Park in Uptown Dallas Nearing Completion
DALLAS, TX – October 17, 2017 – High Street Residential, the residential subsidiary of Trammell Crow Company, and joint venture partner, MetLife, announce that the Residences at Park District has topped out. The Class A, 34-story luxury residential tower features 228 residential units and 13,396 square feet of retail space fronting Klyde Warren Park. The tower is scheduled to begin pre-leasing 1Q 2018.
“We are excited with the progress we have made on the Residences at Park District, and look forward to beginning our pre-leasing efforts and opening our leasing and marketing center in January 2018,” said Joel Behrens, Principal with High Street Residential in Dallas. “The Residences at Park District will elevate luxury urban living in Dallas.”
The Residences at Park District features 1, 2 and 3-bedroom luxury units ranging in size from 782-to-3,234 square feet. Inside, the units will feature 10-to-13-foot ceilings, European custom cabinetry with soft-close doors and drawers, quartz countertops with 24-inch backsplash, engineered wood floors with luxury carpet in bedrooms, spacious walk-in closets and full-size washer/dryers. Units will be equipped with Bosch and Thermador appliances and living rooms feature floor to ceiling glass with oversized private balconies. Additional amenities include 24-hour, concierge services, valet, a business center and a 7,000-square-foot first-class fitness center with locker rooms and showers, state-of-the-art equipment and a large yoga room.
Outside, residents will have access to an elevated amenity deck with unobstructed views of Klyde Warren Park and Downtown Dallas, a resort-style pool with poolside loungers, cabanas, an entertaining lounge with kitchen, fire pits, grilling stations, social seating, onsite restaurants including banking and a dog park and spa.
The Residences at Park District is connected via a grand plaza to PwC Tower at Park District a Class A, 20-story tower that features 500,000 square feet of office space and 7,000 square feet of street-level restaurant/retail space. The entire project sits on a 3-acre parcel bound by Pearl Street, Olive Street and Klyde Warren Park with direct access to I-35, I-45, US-75, Dallas North Tollway and I-30.
Balfour Beatty is the general contractor and Dallas-based HKS is the project architect. The development team is seeking LEED® Silver.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
With more than 100 years of real estate investment experience, MetLife is one of the largest investors in the real estate industry, with nearly $59 billion in real estate invested assets, including $43 billion in commercial mortgages and nearly $16 billion in equity investments as of September 2014. Investing in real estate provides MetLife with opportunities designed to match the long-term liabilities the company writes through its insurance products.
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 representing 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 over 4,500 units valued at $1.8 billion. For more information, visit www.highstreetresidential.com.