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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.

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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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Kelley USA
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Re: Downtown Dallas: Bryan Tower

Postby Kelley USA » 17 Jan 2019 13:44

This should be a good fit. Nice addition for Bryan Tower!

http://dallas.culturemap.com/news/resta ... yan-tower/

DPatel304
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Re: Downtown Dallas: Bryan Tower

Postby DPatel304 » 17 Jan 2019 14:12

This has been on my list of places to try, but I rarely make it out to the Sylvan Thirty area. Really glad this is coming to Downtown, but, unfortunately, it looks like they won't be open too late:
Since the worker population is their primary focus, they won't keep late-night hours, staying open until about 7 pm.

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exelone31
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Re: Downtown Dallas: Bryan Tower

Postby exelone31 » 17 Jan 2019 15:21

Hopefully they plan to have weekend hours too. They will be fairly close to the revamp Pacific Plaza, so it would be cool to be able to grab something there and go over to the park.

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Re: Downtown Dallas: Bryan Tower

Postby cowboyeagle05 » 17 Jan 2019 19:13

It is still hard for these downtown places to seriously keep a resident population interested. Main Street is where most of the after-hours crowd congregates. This end has two hotels and office buildings that empty out around 5pm. Even the Sheraton as big as it is isn't enough to keep a place like this busy 7 days a week. Hotels provide waves of traffic rather than steady income for places like this. What we need is some serious residential in that area to pump up the potential for later open retail/restaurants. There are plenty of lots nearby that one day could contain residential and Mathews Southwest has residential planned nearby but even that is targeting an affordable demographic that may or may not frequent a place like this.

Tnexster
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Re: Downtown Dallas: Bryan Tower

Postby Tnexster » 17 Jan 2019 20:42

Great place, glad to see they are expanding.

DPatel304
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Re: Downtown Dallas: Bryan Tower

Postby DPatel304 » 17 Jan 2019 22:27

cowboyeagle05 wrote:It is still hard for these downtown places to seriously keep a resident population interested. Main Street is where most of the after-hours crowd congregates. This end has two hotels and office buildings that empty out around 5pm. Even the Sheraton as big as it is isn't enough to keep a place like this busy 7 days a week. Hotels provide waves of traffic rather than steady income for places like this. What we need is some serious residential in that area to pump up the potential for later open retail/restaurants. There are plenty of lots nearby that one day could contain residential and Mathews Southwest has residential planned nearby but even that is targeting an affordable demographic that may or may not frequent a place like this.


Yeah, you're absolutely right. As much as it disappoints me that this place won't be open past 7pm, the reality is that the demand is just not there (yet). But even though this won't be open late, it still helps fuel more demand to the area, which should hopefully lead to more residents and businesses in the area, and eventually places like this will decide to extend their hours to later on in the evening.

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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 18 Jan 2019 10:43

This area is one of the donut holes within downtown that'll take some time to hit critical mass. I've worked in a building here for 12 years now and love that we're getting Pacific Plaza, but aside from this and the redevelopment of One Dallas Center and Crozier, plus the MATA extension, we're a bit stagnant. It's just a no-man's land between the Arts District and EMC for now, which is why it makes me so angry that First Baptist wants to demolish a building that would be perfect for residential.

I would love for Energy Plaza and one of the Southland Center towers to turn residential in the future, otherwise they'll have to build on top of the many parking garages here to make it a neighborhood.

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 18 Jan 2019 11:45

I agree I walk all over downtown and this part still feels the most like the downtown from the 1990's all about the office worker and very few live right there. I do however feel that with the new park and the Dart and Mata connections that eventually this area will grow and liven up. I would love to see something nearby converted into apartment building or built new.

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Re: Downtown Dallas: Bryan Tower

Postby dfwcre8tive » 18 Jan 2019 12:43

lakewoodhobo wrote:This area is one of the donut holes within downtown that'll take some time to hit critical mass. I've worked in a building here for 12 years now and love that we're getting Pacific Plaza, but aside from this and the redevelopment of One Dallas Center and Crozier, plus the MATA extension, we're a bit stagnant. It's just a no-man's land between the Arts District and EMC for now, which is why it makes me so angry that First Baptist wants to demolish a building that would be perfect for residential.

I would love for Energy Plaza and one of the Southland Center towers to turn residential in the future, otherwise they'll have to build on top of the many parking garages here to make it a neighborhood.


Hartford Building is a good candidate for conversion as well. It has an interesting rooftop patio and views of the new park. These lots are also ideal for some residential towers. Link: https://goo.gl/maps/jjqHb5PidvD2

Image

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 18 Jan 2019 13:29

Remove the top structure and put in a pool and deck and your done.

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Hannibal Lecter
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Re: Downtown Dallas: Bryan Tower

Postby Hannibal Lecter » 18 Jan 2019 19:05

^ The building was designed to look like Independence Hall. Removing that would pretty much ruin that.

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Re: Downtown Dallas: Bryan Tower

Postby dfwcre8tive » 18 Jan 2019 19:32

Hannibal Lecter wrote:^ The building was designed to look like Independence Hall. Removing that would pretty much ruin that.


Agree. Remove the New England decorative top and it would just be a beige brick box.

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 21 Jan 2019 11:21

My idea was to modernize the entire look to appeal to possible renters. Not much context for an old new england look around Dallas.

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Tucy
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Re: Downtown Dallas: Bryan Tower

Postby Tucy » 21 Jan 2019 12:12

dfwcre8tive wrote:
Hannibal Lecter wrote:^ The building was designed to look like Independence Hall. Removing that would pretty much ruin that.


Agree. Remove the New England decorative top and it would just be a beige brick box.


As opposed to being a beige brick box with an incongruous imitation of Independence Hall perched on top of it. ;-)

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TNWE
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Re: Downtown Dallas: Bryan Tower

Postby TNWE » 21 Jan 2019 14:31

lakewoodhobo wrote:I would love for Energy Plaza and one of the Southland Center towers to turn residential in the future, otherwise they'll have to build on top of the many parking garages here to make it a neighborhood.


Energy Plaza is poorly suited to residential conversion- the utility and elevator core eats up a big chunk of the floorplate leaving a relatively narrow space for apartments and circulation space. There's no water or sewage lines outside of the core either- the office area is concrete on metal deck construction. They'd have to build residential units on a raised floor (with a transition ramp to align with stairs/elevators) to accommodate utilities, or cut through the concrete and hide pipes behind drop ceiling on the floor below.

Floorplates on page 2 of this PDF:
https://images2.loopnet.com/d2/3e9DDRax ... cument.pdf

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 21 Jan 2019 15:44

I used to work on the 44th floor back in the day and I must say it would have made a sweet one floor penthouse. Great views cool triangular layout.

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Re: Downtown Dallas: Bryan Tower

Postby I45Tex » 01 Mar 2019 13:24

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

Not sure how many forumers read the link tamtagon posted above, informing us that Spire Realty's Smith family ownership (father Randall, son Caleb, et al.) were going to be able to pay on their Bryan Tower mortgage note without running into the red by paying themselves their ask rates through getting Payless ShoeSource as a HQ office tenant. The hedge fund that Randall Smith founded is now being sued for allegedly mismanaging Payless:

https://www.wsj.com/articles/payless-ow ... 1550769973

So they needed a new tenant for Bryan Tower. Guess which hedge fund runs Fred's... How long will that last? This is why Randall was termed a vulture investor who does not invest in his investments. https://nypost.com/2012/07/26/vulture-in-distress/

The fund is now attempting a bargain takeover of Gannett newspapers, so the news for this thread might be the headline, "USA Today headed to Downtown Dallas, Texas?"

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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 01 Mar 2019 14:29

^This all sounds ridiculously shady. Thanks for connecting the dots for us.

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Re: Downtown Dallas: Bryan Tower

Postby lakewoodhobo » 24 Jul 2019 09:11

The exterior work on Bryan Tower is now finished, and it's a huge improvement on what it looked like before. Really wish this was facing Pacific Plaza instead of being a block away, but I suppose there's also something desirable about having MATA on one side and DART on the other.

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Cbdallas
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Re: Downtown Dallas: Bryan Tower

Postby Cbdallas » 06 Aug 2019 15:28

Did they ever sign a new lease for what they are going to loose on the Baylor Scott and White move out? That will leave a good portion empty in that building and area.


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