Developer seeks approval for Dallas Design District project

A developer with two office projects under construction in Dallas’ Design District is pondering a third.

Quadrant Investment Properties is one of the largest investors in the redeveloping commercial and residential district northwest of downtown Dallas.

The developer and partner Maryland-based FCP are building two Design District offices – the River Edge building near Irving Boulevard and the 1333 Oak Lawn tower.

Now another office development is in the works for a more than four-acre site Quadrant controls at 1715 Market Center Blvd., near Oak Lawn Avenue. The building site is close to the Trinity Strand Trail.

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“The 4.14-acre site is three parcels containing three one-story structures built in the 1950s,” according to the zoning request. “The requested rezoning is consistent with and would complement the existing neighborhood character.

“The inclusion of ground floor commercial adds neighborhood destinations, aids in placemaking, and will serve as additional employment opportunity in proximity to nearby and proposed housing.”

The developer is seeking city approval to build 462,100 square feet of office space and more than 50,000 square feet of restaurant and retail space.

A company represented by Quadrant Investment has owned the site since last year, property tax records show. FCP is a partner in the site and obtained financing for the purchase.

The proposed office and retail development is one of several new real estate projects underway in the Design District.

Along with Quadrant’s office project, construction is underway on a 27-story apartment tower on Hi Line Drive that’s a project of New Jersey-based developer Urby.