Tonight’s Dallas City Plan Commission meeting had a surprise ending for naysayers bent on limiting heights in PD-15.
I have to give the neighbors credit for successfully coming together to put forward a plan to maximize green space in the area. Developers also upended the city’s recommended PD-15 changes with a bold plan to deliver on those neighbors’ request by offering 35 to 45 percent of open space between a combined Royal Orleans and Preston Place. The catch? A new tower on Northwest Highway would hit 310 feet in height, slightly less than Preston Tower. (I was agog when I saw this option gaining support.)
In exchange for that height, the neighborhood will gain the aforementioned green space plus 100 percent underground parking for residents and guests (limited above ground for delivery and prospective tenants). The kicker to the height is that they want fewer units than the city’s proposed plan calls for with its affordable housing and green space sweeteners (120 units per acre versus 125 with all the sweeteners).
The proposal that drove the Plan Commission’s decision is shown above. It will contain 360 units. Given all the cubic footage of the project, the units will have to be very large. It will be part of a semi-connected set of projects punctuated by connected greenspace. The building’s commanding views of downtown and North Dallas will be equal to the rents or selling prices charged. Yes, selling prices. Seeing the size of the building and the number of units, the resulting oversized units almost beg for condos – if not immediately, then converted at a later date. This is something the neighborhood has long wished for.
Contrary to the naysayers, a development such as this will resuscitate the Pink Wall in a way smaller buildings would be hard pressed to match. I believe once the dust has settled, the values and desirability of the area will quickly increase, bringing in new money to revive and restore the remaining walk-up buildings. It’s what a signature development can do. (Of course, this still has to pass Dallas City Council.)