Spire Readies for 350,000-SF in MXU Development

Last Updated: March 16, 2012 12:23pm ET

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The Spire, located south of the Dallas Arts District, has 350,000 sf planned for its first phase.

DALLAS-Following years of planning and land acquisition, Spire Realty Group LP is ready to move dirt on its 12-acre mixed use project that is dubbed, appropriately enough, The Spire. The local commercial real estate owner and developer has pulled permits and signed construction documents to begin its first phase on this CBD project: a 350,000-square-foot office building that will also offer 35,000 square feet of retail space.

Jon Ruff, Spire Realtys senior vice president tells GlobeSt.com that the next step is finding a lead tenant for the development, which will then spur a groundbreaking. Were also turning attention to other sites in the project for development. Right now, based on the master plan, we could build approximately 3 million square foot of space, he adds. The current master plan calls for a mix of office, retail and residential, with enough space for a 500-key hotel. The 12-acre development is located just south of the Arts District, and is bordered by Ross Avenue, North Central Expressway (U.S. 75) and Leonard Street.

Ruff says that, in addition to holding office and retail space and multifamily properties, the space would also be ideal for art-related uses and venues that could tie into the nearby Arts District. The Arts District features the Winspear Opera House, the Crow Collection of Asian Art and Trammell Crow Center, the AT&T Performing Arts Center and Meyerson Symphony Center.

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Spire Readies for 350,000-SF in MXU Development