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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

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Land Area ()

Property Description

JLL is pleased to present a unique opportunity to acquire one of the most desirable development properties in Dallas/Fort Worth. Known as the T. Boone Pickens YMCA this 0.96 acre property is at the hub of Downtown Dallas located at the intersection at Ross Avenue and N. Akard Street and is adjacent to some of Dallas' most iconic developments. The existing zoning for the property is commercial area 1 (CA-1) which allows for a maximum Floor Area Ratio (FAR) of 20:1 and will permit any institutional, commercial or residential use providing flexibility for development scenarios. 

Investment Highlights

Located in downtown Dallas, roughly 0.3 miles from Dallas’ new streetcar system, this site represents the most transit advantaged site in the state of Texas. The connectivity available at this site allows a resident or employee from this site to easily travel to and from sporting events and concerts at American Airlines Center, or to ride to either Dallas Love Field or DFW Airport. In addition to the light rail and streetcar system, the site is just a few minute walk from the future Texas Central High Speed Rail station that will connect Dallas / Fort Worth, Houston, and Austin / San Antonio.

The existing zoning is CA-1, the broadest and most permissive classification in the Dallas zoning ordinance. CA-1 allows, by right, a range of development scenarios including multi-family and office towers, hotel, retail, medical, educational, and commercial parking uses. With an FAR of 20:1, the total built environment that can be created here with no zoning changes is 839,000 square feet and 1,000 feet in height.

Last Updated Date: 25 Feb 2021
Jonathan Carrier
Jonathan Carrier
Director, Capital Markets
Michael Swaldi
Michael Swaldi
Senior Managing Director, Capital Markets

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Last Updated Date: 25 Feb 2021

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