KDC TO DEVELOP OFFICE BUILDING AT BURGEONING WEST LOVE MIXED-USE DEVELOPMENT
Located one block from Dallas Love Field Airport and the Southwestern Medical District
DALLAS – February 23, 2016 – KDC, one of America’s leading commercial real estate development and investment firms, today announced it has plans to develop a multi-story office building within the $200 million West Love mixed-use project near Dallas Love Field Airport.
“This is a great opportunity to be involved as a part of a project that is located in one of the prime areas of Dallas,” said Bill Guthrey, KDC senior vice president. “West Love will be a vibrant and walkable mixed-use development near two of the biggest economic engines in North Texas – Dallas Love Field and the Medical District.”
Located at 2345 W. Mockingbird Lane, KDC’s new 150,000-square-foot office building will include structured parking along with views of Love Field and downtown Dallas.
The office building is a key element in the mixed-use plan for West Love, located on 37 acres on Mockingbird Ln. between Maple Ave. and Forest Park Rd. in the fast-growing Love Field district.
In addition to the office building, West Love’s initial phase includes two Starwood hotels, 368 luxury apartment homes and 65,000 square feet of retail and restaurant space. A later phase will include an additional 750 apartments. West Love’s “Main Street” lined with retail and restaurants will stretch along Mockingbird Lane.
“We are immensely pleased to have one of the premier office developers in Dallas join our project,” said Jorge Ramirez, partner of Highridge Partners, developer of West Love. “In the coming year, West Love will be an inviting gathering place for the surrounding neighborhoods, our residents, tenants, and hotel guests and an attractive destination for the thousands of people who work at Love Field and the Medical District.”
West Love will be a pedestrian-friendly community with extensive landscape and hardscape treatments within its public spaces and common grounds.
Dallas City Council Member District 2, Adam Medrano welcomed the news noting, “West Love is the gateway to Love Field and is bringing essential housing, office space, hotel rooms and retail and restaurant options to an outstanding area of Dallas.”
Starwood Hotels & Resorts Worldwide with Atlantic Hotels Group and Civitas Capital Group are developing the 224-room, dual-branded Aloft and Element hotel project, now under construction and slated for completion in December 2016. The hotel is expected to receive the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification.
Highridge Partners and affiliates will develop the apartments and retail spaces expected to be completed in mid-2017.
KDC, one of America’s leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta; Charlotte, N.C., and Houston. For more information, please visit kdc.com.
About Highridge Partners
Highridge Partners, based in Los Angeles, is a diversified investment company specializing in identifying, providing capital to, and overseeing undervalued asset and corporate opportunities related to real estate. Founded in 1978 upon fundamental investment principles that remain unchanged today, Highridge is guided by a philosophy that can be stated succinctly as knowledge = strength. The application of these principles has resulted in more than three decades of uninterrupted success with over $10 billion of assets acquired, developed or financed. Currently, Highridge is focused on partnering with companies and experienced entrepreneurs in providing strategy, capital and relationships to drive growth and profitability in emerging and undervalued sectors.