Crescent Breaks Ground on $225M Office Tower
- Jun 26, 2014
By Liviu Oltean, Associate Editor
Crescent Real Estate Holdings L.L.C. broke ground on McKinney & Olive Tower, launching the first commercial building in Dallas to be designed by an internationally acclaimed architect since the 1980s. The aforementioned architect is Cesar Pelli of Pelli Clarke Pelli Architects, famous for such designs as the Petronas Twin Towers, the Wells Fargo Center in Minneapolis and the Bank of America Corporate Center in Charlotte.
To be constructed on a 3.1-acre site at McKinney Avenue and Olive Street, the 20-story office building promises luxurious amenities. Totaling 530,000 square feet, McKinney & Olive has been designed for companies in Class A+ style: The typical floor size encompasses 25,000 to 30,000 rentable square feet, with highly efficient floor plates and 10-foot ceiling heights, to name a few of the featured amenities.
In addition, the office tower will have 50,000 square feet of retail space, including a coffee shop hub and three restaurants, a fitness center, a rooftop garden and a ground-level piazza. Emphasis is also put on creating a structure that will be efficient and green, since upon completion the development is expected to achieve LEED Gold certification.
Already a renowned project, McKinney & Olive has found its first lease in the law firm Gardere Wynne Sewell L.L.P., one of Texas’ leading law firms. The company will lease 109,000 square feet and will occupy four floors.
“Pelli Clarke Pelli has created a remarkable development that will become an iconic and compelling addition to Dallas’ central city,” said Mayor Rawlings. “Additionally, Crescent’s continued investment in Dallas will not only create jobs and strengthen our tax base but McKinney & Olive will give us a competitive edge, helping us to keep and attract businesses to our city.”
Rendering of McKinney & Olive courtesy of Crescent Real Estate Holdings L.L.C. via official website.