Lincoln Property Company will soon break ground on a mixed-use development featuring 225,000 square feet of office space and 128 multifamily residential units in two side-by-side towers, separated by a parking garage and amenity deck in Preston Center. The commercial division of Lincoln Property is developing the site on land owned by Saint Michael and All Angels Episcopal Church following a five-year collaborative effort to secure entitlements for the site from the city. Construction is expected to begin in May.
“This project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area,” said John Walter, executive vice president of Lincoln Property Company. “We are encouraged by the significant interest we have seen from other prospective tenants so far.”
The office building located at 8111 Douglas Ave. features 12 stories plus a penthouse. Lincoln Property Company will lease nearly 59,000 square feet and Sewell Automotive Companies will lease approximately 26,500 square feet. Floors 9-12 plus the penthouse remain available for lease to office tenants.
The property is located off the primary intersection of Northwest Highway and the Dallas North Tollway, between the Park Cities and Preston Hollow.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.