Rumors have been flying about the deal for months, and now it’s official. KDC and Pacific Elm Properties will break ground on a new 500,000-square-foot, 30-story office tower on the corner of North Harwood Street and Woodall Rodgers Freeway in October.
Called “Parkside,” the building is expected to be complete in the first half of 2027. The first phase of construction on the site, which is owned by Miyama USA, will reportedly cost $200 million.
The Miyama family has been patiently waiting to find a highest and best use for the coveted site since acquiring it in 2006. (For more details, see this D Magazine profile.)
Bank of America has already signed on as a signature tenant at Parkside and is expected to move more than 1,000 employees into 238,000 square feet. Kohn Pederson Fox is the lead designer on the office tower, with Corgan and OJB Landscape Architecture also contributing.
“We are excited to work with KDC and the Miyama family to deliver this iconic tower for one of the world’s leading financial institutions,” said Jonas Woods, CEO of Pacific Elm Properties. “With KPF’s design, luxury amenities, and incredible location, this asset will undoubtedly establish the new standard for office space in Uptown.” (Woods, the 2023 recipient of D CEO’s Pioneer Award, continues to bet big on urban Dallas.)
Amenities at Parkside will include a 12th floor “sky lobby and lounge” offering shared tenant space with a coffee and cocktail bar, as well as outdoor terraces.
Bank of America Dallas President Jennifer Chandler commented on the company’s longstanding commitment to Dallas and said, “This site overlooking Klyde Warren Park, amid an abundance of walkable Uptown Dallas amenities, is an ideal space to bring our team together in a central location where they can collaborate on behalf of our clients.”
JLL Managing Director Andy Leatherman represented Bank of America, KDC Senior Vice President and Director of Leasing Aarica Mims represented KDC, and Pacific Elm Properties CMO and Leasing EVP Sara Terry represented Pacific Elm Properties in the lease transaction.
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