The health insurer will occupy part of the 114-year-old former retail and entertainment complex which developer Granite Properties is converting into high-tech, creative office space.
The 7-story, 237,000-square-foot building - which started life as a cookie factory built at the turn of the 20th Century - is being converted into a new generation office environment called Factory Six03.
Granite Properties is one of several developers taking old commercial buildings and reworking then into working environments for tech, creative and start up firms.
Blue Cross Blue Shield to build next big widget in Dallas' West End
Health care giant Blue Cross Blue Shield of Texas plans to bring the next big widget to save on health care costs to fruition in Dallas' West End neighborhood, in a new two-story innovation hub.
The innovation hub will act like a startup, so the garage-like mentality away from the company's corporate structure was needed, Cassidy said. That was one reason Blue Cross Blue Shield decided to set up its hub away from its operations center in Richardson.
The hub, called The C1 Innovation Lab, will sit in two floors totaling 31,700 square feet within Factory Six03, which is a historic West End building at 603 Munger St. in Dallas.
A landmark downtown Dallas building is hitting the market and is likely to attract attention of creative office firms.
The 5-story, 70,000-square-foot Oilwell Supply Building on Lamar Street in the West End historic district was built in the 1920s. Over the years, the building has housed a variety of businesses, including creative and high-tech firms.
Now the Dallas partnership that owns the property has hired commercial real estate firm JLL to market the property.
willyk wrote:With all of the properties that have changed hands, I wonder why Factory is the only significant redevelopment to date.
joshua.dodd wrote:The West End has definitely changed for the better. Just four years ago, it didn't feel at all safe when I would wait for the train at the West End station. I guess the city finally did something about the panhandlers and dopeheads that would hang around there. It was so bad in the summer of 2013 that I would walk by dopeheads passed out near the tracks. Nearly got robbed there too. My second amendment right protected me in that instance.
The proposed 10,000-square-foot food hall could bring six to seven different dining venues and bars to this part of the West End upon opening by the end of the year.
"We have no leases or other agreements, but this is something we are working on," Granite Properties President and COO Greg Fuller told the Dallas Business Journal.
Fuller said his leasing team has yet to finalize any lease deals related to the food hall, but he hopes to make some new announcements on the $50 million redevelopment in the near future.
Tivo_Kenevil wrote:Man I hope they extend their concept to include food trucks. They're in the perfect location. Right across the building under Woodall Rogers (Frog Alley) is a inactive plaza. Put some lights, benches and tables and have food trucks serve lunch/dinner options and you're all set.
cowboyeagle05 wrote:This is probably because there is no food down in that area at the moment besides what has opened in Victory Park and whats left near the DART station. Spaghetti Warehouse, Hooters and Dicks Last Resort are the closer options along with McDonalds, Sonny Bryans and Corner Bakery. None of these options scream tech creative office millennial. If they want to grab the right tenants they want some fashionable options that haven't been considering the West End yet. Last I heard the Chipotle after the falling rats from the ceiling scenario closed permanently. YO is still there and is the TGI Fridays still open?
Either way, a food hall is exactly what will up the chance they will get more lucrative leases for the entire neighborhood.
There's some cool options in West End. Tutta's pizza (which btw, the food Network was there filming last week w/ Guy (whatever his last name is)) and Ellen's southern kitchen and Gators Cajun food.
The Chipotle is not closed, signs say it is being renovated. TGIF is still there.
But the food truck idea would be cool.
trueicon wrote:I want to be positive about this.
I'm concerned that over two years later, only half of the the building has "prospective leasers." The plans to build a food hall in the first floor, also, seem very half baked. They announced it with zero leases. It's just "something they're talking about." The temperature could drop tomorrow and the plans could just as easily change to a bowling alley.
willyk wrote:That said, it behooves both the West End and Victory to make the passage under Woodall a little less forbidding and encourage circulation between the two neighborhoods.
willyk wrote:Skate park would be perfect! It would attract participants and an audience. Low capital costs and operating costs. Include a concession for rentals. Great idea.
Jbarn wrote:mdg109 wrote:From a couple weeks ago.
Welcome to bustling downtown Dallas folks. Oh my god, that looks sad.
Sam's Club has hired about 100 technology employees in the Dallas area for a new office in downtown Dallas.
Sam's, the warehouse club division of Walmart, has leased 45,000 square feet in a renovated historic building at 603 Munger Avenue in the West End area of downtown Dallas.