Building is centrally located in the heart of
Downtown Dallas. The block is bound by Akard, Field, Pacific &
Elm. Its location within the CBD with direct access to major
freeways, the DART light rail system, and the underground pedestrian
system provides its tenants with easy access into and within the CBD
and convenient access to many of Dallas' strongest business,
government, entertainment and visitor attractions. Some of these
attractions are summarized below:
West End Historical District. Redeveloped
in 1985, the West End is a 36-block area that has been largely
transformed from vacant land and warehouses into a vibrant
commercial area containing over 200 restaurants and retail shops
and more than 200 additional businesses. Recent development in the
district includes the Dallas World Aquarium, the Dallas
Rainforest, a tenscreen movie theater and the Planet Hollywood
restaurant. The West End attracts over seven million visitors to
the downtown area annually and generates sales in excess of $ 100
million.
Dallas Civic Center. Located in the
southwestern portion of the CBD between Commerce and Canton
Streets, the Civic Center contains municipal buildings such as the
Dallas Central Library, City Hall, Memorial Auditorium, Municipal
Plaza, and The Dallas Convention Center. The area surrounding the
complex contains the Earl Cabel Federal Building, the Federal
Courthouse, and numerous other State and City facilities.
The Dallas Convention Center. The 776,000
square foot facility recently underwent a $100 million expansion
that increased its exposition space by 222,000 square feet. The
expansion allowed the city to retain its position as the second
busiest convention city in the nation. During 1997, the convention
center hosted 3,500 conventions and meetings with a total
attendance of 3.7 million people. Estimated total local
expenditures equaled $4.1 billion, or $1,118 per attending
delegate.
The Dallas Arts District. The Arts District
is a sixty-acre planned development district that provides
architectural standards and other aesthetic-related programs to
benefit office, retail, and cultural uses. The Arts District is
home to the Dallas Museum of Art, the Morton H. Meyerson Symphony
Hall, the Dallas Theater Center, Artist Square, and many of
Dallas' finest Class A office developments, such as Chase Tower
(formerly Texas Commerce Tower) and Trammell Crow Center. The
newest addition to the Arts District will be the Nasher Sculpture
Garden. The $20 million collection of world-renowned modem
sculpture will be housed in a 2.4-acre park, which will be
completed in the year 2000.
Dallas Hotels. Many of Dallas' most
prestigious hotels such as The Fairmont, Hyatt Regency, The
Adolphus, The Dallas Grand Hotel, The Aristocrat, and Le Meridien
at The Plaza of the Americas
complex are located within the CBD. One-third
of all hotel rooms in the City of Dallas are located in the CBD.
The Downtown Education Center. The former
Joske's Department store was purchased by private developers who
redeveloped portions of it into a downtown campus for area
universities including the Universities of Texas at Dallas and
Arlington, Texas Women's University, and East Texas State
University. The most recent statistics available show an annual
enrollment growth of 116%.
Farmers Market. The Farmers Market District
encompasses approximately 200 acres in the southeast quadrant of
downtown. The market functions as a retail and wholesale market
place for direct farm-to-market produce. The district recently
underwent a $15 million renovation that rerouted various streets
in the area to improve efficiency and constructed new facilities
in the Market to provide additional retail/vendor space. In early
1998, Camden Residential Trust announced plans for a 1,000 unit,
Class A apartment community in the Fanne-rs Market District.
Deep Ellum. The Deep Ellum area is a
neighborhood located east of the CBD, on the other side of North
Central Expressway, that is a former warehouse and retail
district. The area fell into disrepair between 1960 and 1985 but
has, in the last ten years, been reborn and transformed into an
eclectic community featuring art and furniture galleries, high-end
restaurants and nightclubs, and numerous loft conversion projects.
Turtle Creek[Uptown. One of the hottest
areas in Dallas in terms of office, hospitality and multifamily
markets is located in the Turtle Creek/Uptown area just north of
the CBD. Development in the area is centered around McKinney
Avenue, which is located in the State-fbomas TIF District that was
established in 1989. The area features landmark developments such
as The Crescent, The Mansion at Turtle Creek Hotel, and over 2,300
luxury apartments that have been constructed over the past three
years.
Building's location is further enhanced by its connection to the
Dallas Underground Pedestrian System (UPS). The UPS is a
climate-controlled underground system that is lined by retail
establishments and offers CBD tenants and visitors protection from
inclement weather. The UPS connects the property to many other
office properties and residential developments in the CBD as well as
to numerous restaurants, the West End District, and the Arts
District. Building also benefits from its location on the DART
Light Rail line, being located directly in front of the Akard Street
Station.