BY AMALIA OTET | COMMERCIAL PROPERTY EXECUTIVE MAGAZINE | – The Arts District will become the new Dallas home for KPMG L.L.P., the U.S. audit, tax and advisory firm, which signed a long-term lease with Hall Financial Group to occupy space in the much-awaited Hall Arts tower.
KPMG plans to relocate its Dallas office to 2323 Ross Ave. as the anchor tenant of the development’s first building, leasing more than one-third of a 450,000-square-foot office block.
“I cannot think of a better way to mark 100 years of KPMG’s presence in Dallas than with a new office space in the Arts District that renews our commitment to this flourishing area of Downtown Dallas,” Manny Fernandez, KPMG’s managing partner in Dallas, said in a release. “I am confident that our new location in this vibrant neighborhood will help us create a highly desirable work environment and retain and attract the talented individuals who are the cornerstone of our firm’s continued success.”
The developer plans to kick off construction of the 16-story, Class triple-A office building in September 2013, with a completion date set for March 2015.
Designed by Eddie Abeyta, principal with HKS Inc., the mixed-use development will include two office and residential towers rising above a detailed state-of-the-art glass podium. Turner Construction will serve as the base building general contractor.
Fully committed to protecting the environment, Hall Financial Group has taken the necessary steps to have the new building pre-certified LEED Gold, a designation granted by the U.S. Green Building Council based upon the environmental standards incorporated in the overall structure. Similarly, KPMG plans to incorporate sustainable practices and materials in the outfitting of its new office, into which it plans to relocate in summer 2015.
In other development news, the Dallas Business Journal reports that KDC, one of America’s leading commercial real estate and investment companies, has broken ground on a $1.5 billion master-planned project in Richardson. To be located near the intersection of President George Bush Turnpike and the North Central Expressway (U.S. 75), the 186-acre mixed-use development will incorporate build-to-suit office buildings, an integrated healthcare facility, 3,925 multi-family residential units, hotels, retail and restaurants.