DALLAS FORT WORTH | Urban + Suburban P & C - Page 61

Owlhorn · #**1201** Posted **Apr 21, 2006, 7:39 PM**

Mosaic residential renovation by Crescentboi

Owlhorn · #**1202** Posted **Apr 21, 2006, 7:52 PM**

Gulf State Bldg renovation, Mayfair Building and new Third Rail Lofts construction by Crescentboi

more shots by jsoto3

Owlhorn · #**1203** Posted **Apr 22, 2006, 2:50 AM**

Jagee brings ‘neighborhood feel’ back to Cultural District
Aleshia Howe - April 17, 2006
Visit: http://www.fwbusinesspress.com/display.php?id=4780

Developers of the highly anticipated Museum Place recently unveiled renderings of their project to the Fort Worth Chamber of Commerce’s Economic Development Committee, officially placing the $150 million mixed-use giant on the books.

Museum Place is an 11-acre urban village just west of downtown Fort Worth, slated to begin construction by the end of the year.

Garvey said his vision is to add connectivity to the Cultural District that does not exist currently. Plans call for the re-opening of Sixth Street as a thoroughfare for area visitors.

The 11 acres will be developed in four phases. Pettigrew said Jagee has yet to begin working with local real estate professionals to lease the development’s space, but he expects to begin doing just that within the next few months.

Of the massive collection of residential development in Museum Place, Pettigrew said 95 percent will be rental, leaving only 5 percent for sale as condos and town homes.

Every building in the development will have ground floor retail with residential and office space in higher floors. Garvey said the mixed-use buildings will lend variety to the project and also provide for a steady flow of retail on every street. Some of the buildings will feature upper floors that are set back away from the streets to give the area an open feel. Sidewalks will also be wider than average to facilitate more activity, Garvey added.

The two main parking structures in the development will be surrounded by retail, residential and office space, essentially hiding the parking garages from street view. Pettigrew said the structures are hidden to further promote active streets in Museum Place.

“You can see it on streets in downtown where there are parking garages, there is no life there. There is nothing to do on a street that is lined with a parking garage, so we are solving that problem by not having a garage face the street at all,” Pettigrew said.

The project will also be designed to accommodate a light rail system, which Garvey said would benefit the city in the future.

“The light rail system is a project that would have to be driven primarily by the city, but if they should decide to install such a system, we will be ready to accommodate it,” he said.

A hotel that will house at least 180 rooms is also included in Museum Place plans, though Garvey said like the rest of the office and residential space, the specific hotel vendor has yet to be determined.

With at least one construction start by the end of this year, Garvey said he plans to have the project completed by 2010. Once online, Garvey said his company estimates $1 million per year in added sales taxes for the city in addition to an uncalculated amount in added property taxes. Garvey added that at completion, Museum Place will add about 2,500 jobs to the area.

Owlhorn · #**1204** Posted **Apr 22, 2006, 8:32 PM**

Azure from webcam

CTroyMathis · #**1205** Posted **Apr 23, 2006, 5:01 PM**

Just a note:

First post has updated listing, updated individual building thread links (to stand-alone threads in the Highrises section) or ones for anyone to perhaps look at starting up soon, and also updated Google Earth *.kmz file for DFW development (courtesy of Mephis Gooseberry.)

CTroyMathis · #**1206** Posted **Apr 23, 2006, 8:00 PM**

Regardless of if this project has much of a chance to be built, here is a visual
(can't remember if it was ever posted here) of 'The Ruins at Peach Street' in
Downtown Fort Worth:

CTroyMathis · #**1207** Posted **Apr 23, 2006, 8:13 PM**

Another set of visuals of 2500 McKinney. (Showing possibilities with standard zoning and possibilities with a 69' height variance.)

CTroyMathis · #**1208** Posted **Apr 23, 2006, 10:13 PM**

A couple more alternate visuals at what they will look like after reno./conv. :

eburress · #**1209** Posted **Apr 24, 2006, 6:06 AM**

Quote:

Originally Posted by Sea™

Another set of visuals of 2500 McKinney. (Showing possibilities with standard zoning and possibilities with a 69' height variance.)

Is anyone opposed to Scheme 2, and if so, who? It seems vastly superior on all fronts.

leaf · #**1210** Posted **Apr 24, 2006, 1:37 PM**

Quote:

Originally Posted by eburress

Is anyone opposed to Scheme 2, and if so, who? It seems vastly superior on all fronts.

A zoning change is required for #2, but some of the area residents don't want the taller version.

Almost all of Uptown is zoned for 240'.

msutton · #**1211** Posted **Apr 24, 2006, 10:33 PM**

#2 is certainly more aestheticall pleasing and probably better for the neighborhood in general. It's a great area for a park.

CTroyMathis · #**1212** Posted **Apr 28, 2006, 12:50 AM**

Saint Ann Court rendering at night:

ATLs Finest · #**1213** Posted **Apr 28, 2006, 2:14 PM**

New Condos Coming in Uptown.....

Post Properties Breaks Ground on Mercer Square Condominiums in Uptown; Boutique Offering Features 85 Sleek Units in Uptown's Best Location

ATLANTA & DALLAS--(BUSINESS WIRE)--April 28, 2006--Seeking to build on the success of its previous for-sale effort in Dallas, Post Properties, Inc. (NYSE: PPS) today announced that it has begun construction on Mercer Square, a new condominium community on McKinney Avenue in the heart of Uptown.

Mercer Square will feature 85 homes ranging from approximately 840 to 2,290 square feet in a 4-story mid-rise building. The average unit size will be approximately 1,100 square feet. Interiors will reflect a sleek, contemporary design, and the exterior features will include expansive glass and balconies with masonry and stucco details and construction. Prices will start in the low $200s.

"Mercer Square will offer a desirable location and an outstanding mix of livable units for the residents who continue to flock to Uptown," said David Ward, Post Properties' executive vice president and regional investment director for Southwest markets. "Based on the success of our 588(TM)conversion, we believe there is still a desire for well-designed, modern living options in Uptown."

Uptown is located just north of the city's downtown district, and features a mix of entertainment destinations, restaurants, retail, offices, and high-end multifamily homes. Post owns 2,078 apartment homes in Uptown, and is 95 percent sold out of 588(TM), a conversion project it launched in Uptown in February 2005.

Mercer Square will be the third community marketed by Post Preferred Homes in Texas. Post Preferred Homes is the company's marketing and sales arm for its for-sale homes, including conversions of existing Post(R) apartment communities and new construction. To date, Post Preferred Homes has converted and actively marketed 588(TM) in Dallas and RISE(TM) in Houston, as well as four other communities across the U.S.

Mercer Square will feature a pool and deck for residents on its second floor, controlled-access entry, exposed spiral ductwork, granite countertops, hardwood and stained concrete floors, stainless steel appliances, and luxurious spa baths. The architect of record is BGO Architects of Dallas.

The community will contain approximately 95,000 square feet of residential space. Post broke ground on the development in April and expects to deliver the first homes in the summer of 2007. The project's estimated cost of construction is approximately $17 million, and Post Preferred Homes has enlisted Al Coker & Associates to manage the sales and marketing process.

"The modernist, curvilinear feel of the building combined with what is one of Uptown's best remaining development sites should make this building a big success," says Coker, who has been consulting and selling real estate in Uptown for a number of years. "We expect units to move quickly."

Those interested in more information or in being added to a preferred buyers list can call Al Coker & Associates at 214-443-9300, or e-mail al@alcoker.com.

Post Properties, founded more than 30 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (REIT), the Company focuses on developing and managing Post(R) branded resort-style garden and high density urban apartments. In addition, the Company develops high-quality condominiums and converts existing apartments to for-sale multifamily communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in 10 markets across the country.

Post Properties owns 22,057 apartment homes in 61 communities, including 545 apartment homes in two communities held in unconsolidated entities and 512 apartment units in two communities currently under construction. The Company is also developing 230 for-sale condominium homes and is converting 597 apartment units in four communities (including 121 units in one community held in an unconsolidated entity) into for-sale condominium homes through a taxable REIT subsidiary.

http://www.corporate-ir.net/ireye/ir...item_id=849292