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Arts District: Flora & Olive Tower (~460 FT / 42 ST)

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Jay9398
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Jay9398 » 31 Jul 2017 08:53

homeworld1031tx wrote:Bumping this one back up - it had a scheduled start date of 'no later than July', as per the DMN article from March. Any movement at the proposed site?


Still a functioning parking lot as I look at it out the window right now.

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citygeek
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby citygeek » 31 Jul 2017 11:47

Maybe John McKee knows. It's supposedly funded, permits pulled.

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kingpin
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby kingpin » 31 Jul 2017 14:45

http://dallas.towers.net/2017/03/22/creative-housing-for-creatives-flora-street-lofts/

Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.

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Tucy
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Tucy » 31 Jul 2017 15:00

kingpin wrote:http://dallas.towers.net/2017/03/22/creative-housing-for-creatives-flora-street-lofts/

Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.


That's odd. That Towers.net story was published the same day the Dallas Morning News told us that work would start in July with completion by March 2019...

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homeworld1031tx
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby homeworld1031tx » 31 Jul 2017 15:25

kingpin wrote:http://dallas.towers.net/2017/03/22/creative-housing-for-creatives-flora-street-lofts/

Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.


Nice find my man. Let's hope it's true.

Tnexster
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Tnexster » 31 Jul 2017 15:35

Fourth Quarter means they could start on December 31.

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Tivo_Kenevil
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Tivo_Kenevil » 31 Jul 2017 15:43

Tucy wrote:
kingpin wrote:http://dallas.towers.net/2017/03/22/creative-housing-for-creatives-flora-street-lofts/

Stantec and ADD Inc. designed the project and will oversee construction. Construction is expected to begin in the fourth quarter and reach completion in 2020.


That's odd. That Towers.net story was published the same day the Dallas Morning News told us that work would start in July with completion by March 2019...



That's not a good look DMN.

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maconahey
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby maconahey » 25 Sep 2017 15:14


Notice Of: CONSTR
Duration: PERM (Months: 0 Days: 0)
Work Schedule: 12/01/2017 to 06/01/2020

Structure Type: Building
Structure Name: ZOM Atelier Flora Lofts

Site Elevation: 460
Structure Height: 441
Total Height (AMSL): 901


https://oeaaa.faa.gov/oeaaa/external/se ... 45&row=464
https://oeaaa.faa.gov/oeaaa/external/se ... 87&row=474

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Brettoj
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Brettoj » 25 Sep 2017 17:51

Nice! I am excited to see this one go up.

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R1070
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby R1070 » 25 Sep 2017 18:41

Hmm... They said this would be 39 floors. 39 floors and 441 feet. I guess it would work.

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citygeek
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby citygeek » 25 Sep 2017 21:24

Thank you for posting. We've all waited a long time for this one. Never understood what the hold up was given that apparently the money was all in place and the city had signed off on everything months ago. I just hope it actually ends up looking like the renderings we have seen. You know how this goes in Dallas.....Austin continues to blow Houston and Dallas off the map with all the well-designed new towers getting announced and underway there. Anyway, this is good news Maconahey.

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Cbdallas
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Cbdallas » 20 Dec 2017 15:52

Is this one on the rocks I really wanted to see this beauty go up.

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Jay9398
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Jay9398 » 21 Dec 2017 09:11

I don't actually know anything for sure. With that said...

I can see the site from my office and it's still an active parking lot. As of last week there was still a sign saying monthly parking is available.

The same construction management company doing Park District was slated to do this project. Maybe it's been delayed so long they are now waiting for Park District to wrap up before breaking ground?

I heard a rumor earlier this year that they had encountered an unexpected issue with TXDOT right of way from the Olive exit that impacted the original site plan. If this is true I don't know if it was ever resolved.

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Dallas12
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Dallas12 » 21 Dec 2017 09:21

Not sure if it should be read into too much, but this project is nowhere to be found on the developer’s website, ZOM Development.

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eburress
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby eburress » 21 Dec 2017 10:49

Man, I hope this doesn't get cancelled. This is the project I'm most excited about, maybe even more so than the AMLI Fountain Place tower.

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Dtown214
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Dtown214 » 22 Dec 2017 03:35

I hope it gets built!

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R1070
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby R1070 » 29 Dec 2017 01:04

eburress wrote:Man, I hope this doesn't get cancelled. This is the project I'm most excited about, maybe even more so than the AMLI Fountain Place tower.

Same here.

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joshua.dodd
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby joshua.dodd » 30 Dec 2017 13:46

Is there credible rumor that this project has been canned? I hope not. However, I'm starting to see signs that there's a slowdown in the housing market.

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Dallas12
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Dallas12 » 01 Jan 2018 21:04

joshua.dodd wrote:Is there credible rumor that this project has been canned? I hope not. However, I'm starting to see signs that there's a slowdown in the housing market.

What signs are you seeing? Are you referring to the MF market just in Dallas proper?

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joshua.dodd
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby joshua.dodd » 03 Jan 2018 00:32

I'm referring to signs outside apartments around Uptown saying the first 8 weeks rent free.

cowboyeagle05
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby cowboyeagle05 » 03 Jan 2018 11:19

joshua.dodd wrote:I'm referring to signs outside apartments around Uptown saying the first 8 weeks rent free.


Two things, its the slowest month of the year for apartment rentals. Also a lot of product just opened so you do things to get that interest from the very few tenants you may be able to sign while you wait for the spring moving season.

lakewoodhobo
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby lakewoodhobo » 03 Jan 2018 11:39

joshua.dodd wrote:I'm referring to signs outside apartments around Uptown saying the first 8 weeks rent free.


I wouldn't start worrying until the jobs stop coming, and given the massive Christmas gift that the big corporations just got, I don't see it happening just yet.

Tnexster
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Tnexster » 03 Jan 2018 19:16

We still have 400 people a day moving into the region, unless that stops flowing I don't see a slowdown and that number has actually increased this year.

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Cbdallas
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Re: Arts District: Flora & Olive Tower (~460 FT / 42 ST)

Postby Cbdallas » 04 Jan 2018 14:56

From what I have heard inside the apartment leasing business is that there is a small blip of too much high end product opening all at the same time in the same are of urban Dallas. They are all trying to grab anyone they can to fill up their buildings and lock in leases. I agree if the influx of people moving stays the same then it is just a small blip and it moves forward.


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