Announcing it as “the first commercial building in Dallas to be designed by an internationally acclaimed architect since the 1980s,” officials from Crescent Real Estate Holdings have broken ground on McKinney & Olive. Designed by award-winning Pelli Clarke Pelli Architects, McKinney & Olive is a 20-story high-rise office buildings located in Uptown Dallas.
The 3.1-acre site at McKinney Avenue and Olive Street soon will be transformed into an office and retail destination and a community gathering spot. Juxtaposed amid the grandeur of the neighboring Ritz-Carlton and The Crescent and just blocks from downtown’s Dallas Arts District and Klyde Warren Park, the building’s bold, contemporary presence will become the tallest building in Uptown.
“We are extremely honored to be working with legendary architect Cesar Pelli of Pelli Clarke Pelli Architects,” said John Goff, chairman and chief executive officer for Crescent Real Estate Equities. “His visions and designs can be seen around the world, but McKinney & Olive will be his first project in Dallas. He and his team have done a remarkable job of reflecting the vitality of Uptown in the design of the building.”
Pelli Clarke Pelli Architects have designed some of the world’s most recognizable structures, including the World Financial Center in New York, the Petronas Towers in Malaysia, and the International Finance Centre in Hong Kong. Pelli Clarke Pelli has received critical acclaim and hundreds of design awards, including the American Institute of Architects’ Firm Award, the highest honor for an architectural practice. In 1995, the American Institute of Architects awarded Cesar Pelli the Gold Medal, its highest honor for an individual.
“I believe Dallas is in the process of coalescing and becoming a great city,” said Pelli. “We’re very happy to build McKinney & Olive in Uptown, which we consider the most vibrant and elegant piece of Dallas. We believe our building will contribute to the strength of its character and make Uptown a richer, more interesting place.”
With 530,000 total square feet, McKinney & Olive has been designed to accommodate firms in Class A+ style with the latest building innovation and technology. Features and amenities for business include 480,000 square feet of Dallas’ finest office space, highly efficient floor plates, 10-foot ceiling heights, full Wi-Fi connectivity, and award-winning property management. Typical floor size is 25,000-30,000 rentable square feet.
In addition to office space and amenities, there will be 50,000 rentable square feet of retail space. A coffee shop hub plus three restaurants will offer dining at various price points. The lush ground-level piazza will feature open space with almost a full acre dedicated to hardscape and landscape along Olive Street with mature street trees planned for all four sides of the project. Aligning with Uptown’s urban flavor, the general public will be encouraged to enjoy the dining that McKinney & Olive offers and to gather in the outdoor space filled with umbrella-covered tables, park benches and water features.
As High Rise Facilities announced in May, the law firm Gardere Wynne Sewell LLP will lease 109,000 square feet and occupy four floors. Other major leasing announcements are expected within the next several months.
Crescent will begin construction immediately, and completion is estimated for summer 2016. The project team includes Crescent Real Estate Equities Limited Partnership as developer; Pelli Clarke Pelli Architects as design architect; Kendall/Heaton Associates as executive architect; Office of James Burnett as landscape architect; and Beck Group as general contractor.
Renderings courtesy Crescent Real Estate and Pelli Clarke Pelli