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Commercial Real Estate

PWC to Anchor Trammell Crow’s Park District

Park District in Uptown
Artist’s rendering of Park District in Uptown

It’s official. PWC has finalized its lease for about 200,000 square feet in Park District, a mixed-use complex from Trammell Crow Co. and development partner MetLife Inc. The accounting and professional services firm will occupy floors 12-19 of the project’s 20-story office tower, and get signage on the north and south sides of the building.

Built atop four levels of below-grade parking, the tower will include about 500,000 square feet of office space and 7,000 square feet of ground-floor retail space. Amenities include an executive lounge, fitness facility, and onsite restaurants, banking, and valet—plus, of course, immediate access to Klyde Warren Park.

The development’s three-acre tract in Uptown sits along the park between Pearl and Olive streets. In addition to the office tower, Park District will include a 34-story, 253-unit luxury high-rise, with 13,000 square feet of retail space. It’s being developed by TCC’s multifamily group, High Street Residential. The two towers will be linked by a plaza that’s being designed by the landscape architecture firm behind Klyde Warren Park, The Office of James Burnett.

“Our goal with Park District is to raise the bar for Uptown residents and workers,” said Kurt Day, director and regional head of real estate in MetLife’s Dallas office, “and PwC’s commitment to the project validates our success in achieving this goal.”

Phil Puckett
Phil Puckett

Phil Puckett of CBRE Dallas partnered with colleagues Tim Dempsey of CBRE New York and Amy DeAngelis of CBRE Sacramento to represent PWC. Views of the park, floorplate efficiency, on-site parking, and a robust amenity base were key factors in the selection of Park District, Puckett said.

Dennis Barnes, Celeste Fowden, and Clay Gilbert with CBRE Dallas represented Trammell Crow Co. and MetLife in the deal. The developers are seeking gold LEED certification for the tower, which was designed by HKS Inc. Construction will get underway early this year and is scheduled to wrap up in the fourth quarter of 2017.