Lincoln Property officially secures 2500 Cedar Springs Road site – The Dallas Morning News

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Hometown firm Lincoln Property Co. is one step closer to developing a Class A mixed-use project at a key Uptown Dallas site along Cedar Springs Road.

The firm closed on four acres on Cedar Springs Road between Fairmount and Routh Streets south of Turtle Creek on Tuesday.

“We’re thrilled to have closed on 2500 Cedar Springs,” said Clay Duvall, co-CEO of Lincoln Property Company. “It is a landmark site that we’re excited to develop and turn into one of the great mixed-use areas in the city of Dallas.”

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With the site in hand, Lincoln will now turn its attention to plans for 400,000-500,000 square feet of office space, about 250 luxury apartments, a 200-key five-star hotel and residence and 25,000 square feet of food and beverage retail.

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Another key element for the development is how Lincoln plans to bring it all together through ample green space.

“We’ve spent a lot of time studying a number of mixed-use sites around North Texas and across the country,” Duvall said. “We found quality green space and open air really helps any mixed-use development, connects the buildings to one another, gives the tenants and occupants an opportunity to go from building to building to enjoy the space.”

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Lincoln’s Jake Young and Worthey Wiles will handle office leasing for the project. A timeline for the development has not yet been finalized.

“When you have the opportunity to buy a site like this in Uptown that is not far from the Mansion or the Crescent and a short walk from the Katy Trail, you take advantage of that opportunity,” Duvall said. “Everyone at Lincoln is thrilled to have the opportunity to be able to work on this one.”

The firm first disclosed plans for a development at the site last year. At the time, specs included a large office tower and two residential high-rises with all parking underground.

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The project from Lincoln will be one of the latest additions to the constantly buzzing Uptown.

The neighborhood is readying for the opening of a refreshed and redeveloped The Quad from Stream Realty Partners, as work continues steadily at the 23Springs tower.

Along Klyde Warren Park, Pacific Elm Properties, KDC and Miyama USA Texas have teamed up on a 30-story high-rise called Parkside Uptown.

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