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Downtown Dallas, 10-12-10, with rendering of the 560 foot tall, 42 story Museum Tower on the Downtown skyline. Museum Tower is currently under construction with completion in late 2012.

Mid-afternoon photo of Downtown Dallas that I shot on 10-12-10 from the west of Downtown. As a point of reference, the currently tallest structure in the Dallas cityscape is the Bank of America Tower at 72 stories and 921 feet in height, the 20th tallest building in the United States.

 

Downtown Dallas with its Uptown District contains 50,319,621 square feet of office space per the latest 3Q10 office report from CoStar - the largest of any urban core in Texas. As a comparison Houston's CBD, the second largest in Texas, contains 43,129,432 square feet of office space per the latest 3Q10 office report from Transwestern. The Downtown Dallas CBD is 17% larger than Houston's.

 

[Editors note: CoStar and Transwestern count both single tenant and multi-tenant buildings, which provides a much clearer picture of a cities office space market. Dallas has several very large Downtown tenants that occupy multiple buildings as single tenants (i.e. AT&T's World Headquarters fully occupies three or four buildings, Hunt Oil occupies a building it built for itself, Belo Broadcasting occupies several office buildings, etc.). Other office reports such as Cushman Wakefield, Grubb & Ellis and CBRE count only multi-tenant buildings in their reports, providing an incomplete and distorted view of office space in a city.]

 

Museum Tower, at 560 feet tall and 42 stories costing $200 million dollars, is under construction with an expected completion in late 2012. The rendering of Museum Tower, center left in this photo, shows what an incredible addition the tower will make on the Downtown Dallas cityscape.

 

Museum Tower, from this particular view, is located behind the Ernst & Young Tower, which is the blue glass building to the left of The House condo tower, a 29 story condominium highrise that itself is visually immediately to the left of the Calatrava Bridge.

 

The 5.2 acre Woodall Rodgers Urban Park is under construction but cannot be seen in this photo. The Woodall Rodgers Urban park is creating a "Central Park" like setting amidst the skyscrapers of Downtown Dallas and will be the "front lawn" to Museum Tower. The Woodall Rodgers Urban Park is costing $110 million dollars.

 

Woodall Rodgers Freeway is becoming the new 21st century "Main Street" of Downtown Dallas with the intense development that has occurred fronting Woodall Rodgers Freeway from both the south (the traditional Dallas CBD) and the north (Dallas CBD's Uptown district) sides of the freeway.

 

The amount of construction activity in the immediate and near vicinity of Woodall Rodgers has become a major hotbed of skyscraper development for Dallas, currently now and going forward into the future.

 

The Calatrava Bridge, center photo in foreground, at 400 feet tall and costing $165 million dollars, is under construction and is extending Woodall Rodgers Freeway across the Trinity River into Oak Cliff/West Dallas on the west side of Downtown Dallas. Calatrava Bridge will make a dramatic impact on the skyline as it will have wire suspensions stretching in both directions, will be painted white and illuminated at night, creating a dramatic visual sculpture on the Downtown cityscape.

 

The Calatrava Bridge is a keystone development that will open up hundreds of millions, and ultimately billions of dollars, of development along the Trinity River Lakes project that is unfolding at the doorstep of Downtown Dallas. The Downtown Dallas central core will then not only have jumped over Woodall Rodgers Freeway to encompass what is now its Uptown District to the north but will also jump over the Trinity River to include skyscraper and highrise development on the Oak Cliff/West Dallas side of the Trinity River to the west via the Calatrava Bridge.

 

While some may like to call it a bridge to nowhere, in fact it is THE bridge to the future.

 

Plans call for over 30,000,000 square feet of new dense urban highrise and skyscraper development to be built in West Dallas along with the addition of 24,000 residents in the next 17 years ... pretty incredible growth. It is the Calatrava Bridge and the new frontier it will open up that will catapult Dallas into its status as the "Chicago of the South" by 2030.

 

Here is the planned development guideline developed by the City for the new urban frontier of West Dallas:

 

www.dallascityhall.com/citydesign_studio/pdf/WD_UrbanStru...

 

The 14 story Perot Museum of Nature and Science is also under construction. It is visually located behind the Ernst & Young Tower in this picture and its crane can be seen. The Perot Museum is a significant addition to Downtown Dallas and is costing $185 million dollars.

 

The Museum's 4.7 acre site is located at the NW corner of Woodall Rodgers Freeway and Field Street, adjacent to Victory Park. The Museum will be situated at the crossroads of the future Trinity River Corridor Project, the Arts District, the West End, Uptown, and other popular attractions.

 

Also currently under construction (and its crane can be seen just to the left of and in the background of The House condo tower), is the Dallas City Performance Hall in the Dallas Arts District. The City Performance Hall is a magnificent facility in the world class Dallas Arts District and is costing $100 million dollars. The Dallas Arts District is the largest arts district in the nation, spanning 68 acres and 19 contiguous blocks in Downtown Dallas.

 

The Omni Hotel, a 1,001 room, 23 story, 376 foot tall hotel costing half a billion dollars, sheathed in blue glass, next to the Dallas Convention Center is under construction on the far right of the photo.

 

The Omni Hotel is located on 8 acres in the heart of downtown, which is experiencing a renaissance from more than $14 billion in new development underway in and near the urban core. Two acres of the Omni Hotel site are slated for additional dining, retail and other venues which will enhance entertainment opportunities for those who visit, work or live downtown.

 

First Baptist Church of Downtown Dallas has started work on a massive development to its Downtown Dallas campus. Several older buildings are slated to be imploded on Oct. 30, 2010 to make room for the significant new development that will be occurring. Cranes for the development will appear later once the excavation and ground work is completed. First Baptist Downtown Dallas is spending $130 million dollars on their new campus development.

 

As a further indication of the booming Downtown Dallas corridor, a $100 million dollar 23 story upscale apartment building called 1400 Hi Line is under construction as of 01-19-11 at the corner of Hi Line and Stemmons Freeway. The new highrise will front Stemmons and will be located across the freeway from the American Airlines Center. A nearby DART rail station will serve the residents of the 1400 Hi Line highrise.

 

Read more about this exciting 23 story upscale development for Downtown Dallas here: loweroaklawn.com/spotlight/coming-soon-hi-rise-living-on-...

 

The total of just the projects listed above equals $1.5 billion dollars in new development underway in Downtown Dallas at this moment, but the above list is by no means inclusive of all construction projects in process. A total of more than $14 billion dollars in construction outlays are occurring right now in Downtown and near Downtown Dallas!

 

What is amazing is the level of significant financial investment that is occurring in Downtown Dallas during an economic downturn in the nation's economy - but Dallas is still growing, building and investing in itself today for a much better tomorrow.

 

A recent article titled "The Rejuvenation of Downtown Dallas", published in the October 2010 edition of D Magazine, concerning the incredibly positive developments that are occurring now and their impact on the future of Downtown Dallas that will power it into the upper echelon of elite U.S. cities:

 

www.dmagazine.com/Home/D_CEO/2010/October/The_Rejuvenatio...

 

And another significant recognition and accolade from Forbes Magazine, published 09-02-09, that highlights Dallas' worldwide reach and influence and its growing significance on the world stage:

 

www.forbes.com/2009/09/02/world-capitals-cities-century-o...

 

Dallas will surpass Chicago as the 3rd largest metro in the nation by 2030 or sooner, published 03-15-10 in The Dallas Morning News:

 

www.dallasnews.com/sharedcontent/dws/bus/columnists/chall...

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Taken on October 12, 2010