DALLAS - A celebration is underway for a building that will soon tower over Uptown.
Today is a victorious day to have a birth of this great building, said Dallas Mayor Mike Rawlings at the groundbreaking at 2021 McKinney Ave. The development, named McKinney and Olive, is slated to open in the summer of 2016. It ll be a new spot to work, shop and eat.
The building will stand 20 stories high, making it the tallest structure just north of downtown Dallas.
Uptown Dallas is, and will continue to be, the premier urban address in the state of Texas, said Crescent Real Estate Equities Chairman and CEO John Goff enthusiastically.
Rawlings said besides crowning the skyline, the new office and retail space will be big for the economy.
Building McKinney and Olive is going to create jobs, boost our tax rolls, and strengthen our economy over the next two years and the coming decades, he said.
The building is Uptown s most expensive development in more than a decade. It s expected to cost more than $200 million.
The 3.1-acre site, which will sit on one of the last empty lots in the Uptown area, will feature street-level shopping and dining and office space on top. There will also be a full acre outside with the a grand piazza for the public s enjoyment. It ll feature umbrella-covered tables, park benches, water features and more.
Cesar Pelli is the is the world-renowned architect behind the project. He s based in New Haven, Connecticut, but has an itch for designing in Dallas. Some of his top projects include the World Financial Center in New York City, the Petronas Towers in Malaysia, and the International Finance Centre in Hong Kong.
I love Dallas, he said. I love the dynamism of Dallas, and I want to do a dynamic building that captures the dynamism of the city that few buildings do here.