Luxury hotel lovers will salivate over this one: Dallas is getting a Mandarin Oriental, this time for sure.
And this time, on Turtle Creek Boulevard, the original high rise haven of Dallas.
The 176-room ultra luxurious hotel will be part of a 25-story mixed use tower coming to a 2.47 acre site at 2999 Turtle Creek Boulevard.
Select luxury agents from across the state were feted at an opening event Saturday evening on the property site, with food, drink, cigar-rollers, and music, all to promote sales of the 100 private residences, which will be constructed on the upper floors of the exclusive hotel.
The property will include 176 room hotel guest rooms and suites, four restaurants, several bars and the residences. As is typical with hotel-associated luxury residences, the owners will have access to hotel and restaurant amenities as well as private, owners-only amenities such as pools, lounges, and private gardens.
The developer is Dallas-based JMJ Development, headed by Tim Barton. JMJ is a “leading developer acquiring and developing assets during what it perceives as rising markets in growth areas of Texas, Florida as well as additional target markets including New Mexico and Tennessee.”
The Mandarin Oriental Hotel group, based in Hong Kong, will manage the property, located on Turtle Creek Boulevard at Dickason Avenue. Mandarin Oriental Hotels operates 32 hotels and seven residences in 23 countries and territories. Capital financing for this project is coming from New York City-based Madison Realty Capital, which is pumping $32.5 million into the deal for site acquisition and development.
The Mandarin Oriental had planned to debut in Dallas at Victory Park in Uptown back in 2006, with a gleaming 43-story hotel and condo tower, which is now home to a parking garage. But the Great Recession nipped those plans, and the development (rendering below) was never built.