By Amalia Otet, Associate Editor
Global real estate developer and investor Harwood International plans to break ground on Frost Tower, a 22-story build-to-suit office project in Uptown Dallas. The naming tenant, Frost Bank, is Texas’ premier banking, investments and insurance company, with more than $21 billion in assets.
The Class AA high-rise will feature approximately 167,251 square feet of office space, including two penthouses with private balconies and more than 9,000 square feet of mixed retail and landscaped Japanese-inspired garden along the lower level.
Frost Tower will be the seventh phase within the district of Harwood, a $3 billion master-planned community that encompasses more than 17 city blocks in the heart of Uptown Dallas. The mixed-use development currently showcases more than 1 million square feet of Class AA office, residential, retail and restaurant space, with approximately 5,000 parking garage spaces as well as 6.5 acres of landscaped gardens, elaborate green roofs and public green spaces.
Frost Bank, a long-term tenant of the district, will expand its footprint and take over approximately 57,000 square feet of space in the new building. According to the developer, six typical floors of office are currently available for lease, as well as two penthouse floors consisting of 9,466 square feet on level 22 and 11,301 square feet on level 21, each with a private terrace. Each floor is 13,119 square feet and allows every tenant elevator visibility and high-rise views of the Dallas skyline.
Up to now, Harwood International has completed six phases of the 17-phase Harwood District – including the Rolex, a local landmark and Uptown’s first office building; 2728, a 10-story, 178,384-square-foot office building that houses the Marie Gabrielle Garden, an award-winning, 1.5 acre European-style rooftop pocket park with benches, a reflection pond and several small private gardens; 2828, a 20-story, Class AA office building that contains 220,661 square feet of space; Saint Ann Court, a 26-story building offering 314,361 rentable square feet; Azure, a 31-story condominium residence tower featuring 156 apartment homes; and several parks and gardens. At full build-out, Harwood District is expected to include more than 7 million square feet of condominium, office and retail space.
Harwood International is a global real estate developer and value-add investor with offices and projects in select niche markets in Beverly Hills, Dallas, Sunnyvale’s Gold Coast, Geneva, London’s West End, Paris and Zurich’s Golden Triangle.