Today's official announcement for the Spire development downtown (near the Arts District)...
Mixed-use project is planned for land near Dallas' Arts District
10:32 AM CDT on Tuesday, July 20, 2010
By STEVE BROWN / The Dallas Morning News
The corner of Ross Avenue and Routh Street is the intersection of schlock and awe.
On the north side of the busy downtown Dallas crossroads, you have the inspiring architecture of the Arts District.
Across the street, there are blocks of scruffy parking lots and a few faded commercial buildings.
The investors who own almost 12 acres in a triangle roughly bounded by Ross, North Central Expressway and Leonard Street see the mostly vacant area as downtown's next development district.
Spire also believes in its game plan – to start slowly with a first 21-story building at San Jacinto and Leonard Street and add to the project as demand grows.
The timing is right to start working on another downtown office project, Pustmueller said.
"There are a bunch of leases that are going to start to roll over in the next few years," he said. "We want tenants to consider Spire's project when they are looking downtown."
WDG Architecture designed the master plan for Spire, which includes landscaped streets and a central park.
Spire Realty expects its improvements in the area to help create a more pedestrian-friendly link between the Pearl Street DART rail station and the Arts District.
"We want to capture the traffic walking through our neighborhood," Smith said. "We decided to take the approach of building what would really enhance the Arts District."
For Spire, that means a 360,000-square-foot building with some ground floor retail space and a row of residential units facing the planned park.
These were pulled from WDG Dallas Architecture PLLC's website www.wdgdallas.com