Hines and Atlanta-based Cousins Properties Incorporated are partnering to develop a high-rise office tower called Victory Center in the Uptown Dallas submarket. Designed by Duda/Paine Architects, Victory Center will be a 23-story, trophy office tower with approximately 466,000 rentable square feet of office and retail space and is expected to achieve LEED Gold designation. The 2.94-acre, fully entitled site is under contract, and Hines and Cousins expect to commence construction in mid-2015.
Hines and Cousins previously partnered on the development of One Ninety One Peachtree Tower in Atlanta. The 1.2 million-square-foot, 50-story office tower was completed in 1990. Hines Southwest Regional CEO Mark Cover stated, “We are very excited about the opportunity to partner with Cousins again. They have a wonderful reputation for developing and owning best-in-class office towers. We look forward to leveraging the very best that our firms have to offer in the development of Victory Center.”
Victory Center will be located just north of Hines’ One Victory Park office development which was delivered in 2008 and is currently 93 percent leased. Tenants can expect a strong amenity base at Victory Center, featuring a state-of-the-art fitness center, a conference center, an on-site restaurant and café, and a rooftop terrace.
Bill Brokaw, Cynthia Cowen and Mark Dickenson of Cushman & Wakefield will lease Victory Center on behalf of Hines and Cousins.