KDC and Seritage Growth Properties are Partnering to Develop Office Space in Dallas Midtown
DALLAS, TX Seritage Growth Properties and KDC announces a partnership to develop up to 1,000,000 square feet of premier office space in Dallas Midtown.
The development, which will feature two Class A office towers with anchor retail and entertainment space, is part of Seritage's planned 23-acre mixed-use project within the 430-acre Dallas Midtown Redevelopment Zone. This transformational project will create a dynamic live-work-play environment featuring luxury residences and vibrant shopping, dining and entertainment areas in a walkable community. Seritage is also considering adding a hotel attraction and other community amenities.
The site of this creative mixed-use project is the former Sears store at Valley View Mall, which is in the heart of Dallas, Texas,' Galleria area known for its bustling business district and favorable employment fundamentals. The new development will be situated at the intersection of the LBJ Freeway and Preston Road, providing convenient access to the area's major thoroughfares.
"Seritage's plans are going to be a transformational project that converts the Sears site into a highly productive office and first-class retail, dining and entertainment destination," said James Bry, EVP Development and Construction at Seritage. "Together with KDC, we look forward to working in close collaboration with the City of Dallas to bring our vision for this innovative, mixed-use development to life."
Dallas Midtown is a 40-block, 430-acre mixed-use development surrounding the former Valley View Mall. This large scale development will be constructed in three phases with the initial phase anticipated to be fully operational by the beginning of 2021. Seritage owns the former Sears store at Valley View Mall and is working with KDC on a site plan application that will be filed shortly with the city of Dallas.