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Downtown Dallas: Bryan Tower

Tnexster
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Downtown Dallas: Bryan Tower

Postby Tnexster » 03 Oct 2018 20:21

CEO: Baylor Scott & White Health will vacate Bryan Tower in Dallas

https://www.bizjournals.com/dallas/news ... bryan.html

Baylor Scott & White Health will vacate Bryan Tower in downtown Dallas when it consolidates into a large office administration facility in Deep Ellum, the health care system’s CEO said today.

"The employees that are in (Bryan Tower) are part of the consolidation," Jim Hinton, CEO of Baylor Scott & White Health, told the Dallas Business Journal on Wednesday. "When the new building is opened, we will be moving them."

lakewoodhobo
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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 03 Oct 2018 21:44

Per the Steve Brown version of the story:

And the building owners are completing a restaurant that opens in January with a patio extending almost all the way to the sidewalk of Harwood Street.


I haven't seen anything under construction facing Harwood, but if true that's at least some good news.

cowboyeagle05
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Re: Downtown Dallas: Bryan Tower

Postby cowboyeagle05 » 04 Oct 2018 10:54

Yeah, I talked with the architect of record on that and they are finally making some relevant improvements to the building. Apparently, the patio might not be the only addition. At a minimum, we may get some updates to the landscaping around the base to improve the urban qualities of the building which is set pretty far back on the site.

The other factor that's important here is SPIRE who owns all those lots near the Art's District offices and owns this building so this will be an indicator of their ability to survive.

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 04 Oct 2018 11:05

With the improvements coming to the building and the new park nearby coming hopefully they can secure a new lease to absorb this loss. That part of downtown is on the move so I hope this doesn't stifle that energy.

lakewoodhobo
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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 04 Oct 2018 11:33

Honestly not sure how Payless is doing as a company, but if they wanted to test an urban/technology concept store this would be a great place for it, next to whatever restaurant the owners are planning.

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tamtagon
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Re: Downtown Dallas: Bryan Tower

Postby tamtagon » 04 Oct 2018 11:43

^a resurfacing downtown like Dallas is a great place for all those once successful but faded brands to test-market for the next couple of generations. Dallas in particular is a desirable try-it-on demographic, has been for decades.

If JCPenny has any brain power left, they'll high-tail it out of the suburbs and get into the city. In addition to the toxic management attacking that company, it's stagnating itself to the same library category as Radio Shaq, Circuit City, Sears, Wards....

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dallaz
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Re: Downtown Dallas: Bryan Tower

Postby dallaz » 04 Oct 2018 12:17

tamtagon wrote:^a resurfacing downtown like Dallas is a great place for all those once successful but faded brands to test-market for the next couple of generations. Dallas in particular is a desirable try-it-on demographic, has been for decades.

If JCPenny has any brain power left, they'll high-tail it out of the suburbs and get into the city. In addition to the toxic management attacking that company, it's stagnating itself to the same library category as Radio Shaq, Circuit City, Sears, Wards....


(I know this is off topic)

Wow. You just brought back so many of my childhood memories, when you mentioned Montgomery Ward. I totally forgot about that store until now. I spent a good chunk of my childhood there :lol:

Tnexster
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Re: Downtown Dallas: Bryan Tower

Postby Tnexster » 04 Oct 2018 12:28

tamtagon wrote:If JCPenny has any brain power left, they'll high-tail it out of the suburbs and get into the city. In addition to the toxic management attacking that company, it's stagnating itself to the same library category as Radio Shaq, Circuit City, Sears, Wards....


I don't know if JCP is going to make it, their stock price is in steep decline and as of today sits at $1.67. At the rate they are going they will be a penny stock before long.

lakewoodhobo
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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 19 Oct 2018 07:50

Dallas' Bryan Tower joins 'amenities gone wild' trend to attract new downtown tenants
https://www.dallasnews.com/business/rea ... -dog-parks

cowboyeagle05
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Re: Downtown Dallas: Bryan Tower

Postby cowboyeagle05 » 24 Oct 2018 12:26

Rendering from the article above...
bryantower.jpg
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lakewoodhobo
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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 15 Nov 2018 09:25

Not quite the Spire construction fence we've been waiting ages to see, but glad to see this smaller project start so quickly after announcement.

IMG_3956.jpg
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cowboyeagle05
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Re: Downtown Dallas: Bryan Tower

Postby cowboyeagle05 » 16 Nov 2018 18:22

Desperation comes in many forms and they are behind so I am also glad to see some progress here.

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trueicon
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Re: Downtown Dallas: Bryan Tower

Postby trueicon » 04 Dec 2018 00:51

This is speculation, but it sure sounds like Fred's Inc. is moving its headquarters from Memphis to Bryan Tower.

https://old.reddit.com/r/downtowndallas ... eneral_is/

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tamtagon
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Re: Downtown Dallas: Bryan Tower

Postby tamtagon » 04 Dec 2018 06:57

This ill toned opinion piece from Bloomberg is interesting.

https://www.bloomberg.com/opinion/artic ... -behind-it

...Alden Global was founded by a Wall Street billionaire named Randall Smith, whom the New York Post once labeled “the grandfather of vulture investing.” In 2007, Smith hired Freeman away from a more genteel firm, mentored him in the ruthless ways of vulture investing, and then handed Alden Global over to him.

Smith also owned a real estate development company, Spire Realty, that operated primarily in Texas. Among its holdings is Bryan Tower, a Dallas skyscraper that was built in the early 1970s by the great Texas developer Trammel Crow. Smith and his son Caleb, who is a partner at Spire Realty, renovated the tower shortly after buying it in 1998....


Seems like the move to Bryan Tower is pretty much a done deal, yes; also seems like that's not the final destination for these brands. Maybe the bargain shoe store and small town pharmacy/convenience grocer are headed toward the recycle bin.

Tnexster
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Re: Downtown Dallas: Bryan Tower

Postby Tnexster » 04 Dec 2018 08:00

trueicon wrote:This is speculation, but it sure sounds like Fred's Inc. is moving its headquarters from Memphis to Bryan Tower.

https://old.reddit.com/r/downtowndallas ... eneral_is/


If true this would be number three since Amazon finally made their choice.

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trueicon
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Re: Downtown Dallas: Bryan Tower

Postby trueicon » 04 Dec 2018 20:24

tamtagon wrote:Seems like the move to Bryan Tower is pretty much a done deal, yes; also seems like that's not the final destination for these brands. Maybe the bargain shoe store and small town pharmacy/convenience grocer are headed toward the recycle bin.

Very interesting, thanks for posting that article.

I wouldn't be surprised if they sell off many of Fred's small town locations. Looking at the job postings they have for Dallas, it seems they're interested in business analytics, which tells me they plan to make some changes to the brand. Hopefully they'll find success.

We certainly have a plethora of upscale retailers downtown. I'd love to see more moderate-priced retailers, and I think some competition would be healthy for the likes of CVS.

Tnexster
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Re: Downtown Dallas: Bryan Tower

Postby Tnexster » 04 Dec 2018 20:53

So if they plant their corporate office in Bryan Tower could that mean a store on the ground level?


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