High Street Residential, the residential subsidiary of Trammell Crow Company, announces plans to build a 20-story, 271 unit, Class A residential tower at 3230 McKinney Avenue, currently the site of a 5,500 square foot Café Express. Along with residential units, the building will feature approximately 13,000 square feet of ground floor retail that will anchored by a new Café Express.
The building will be located across Bowen from the McKinney Avenue Transit Authority (MATA) trolley barn and headquarters. High Street Residential/Trammell Crow Company is dedicating the southwest corner of the ground floor to house a new trolley barn, MATA museum and office space. Additionally, the development team is working with MATA to expand their fleet of trolley cars to accommodate the growth of trolley line to downtown Dallas.
“As we designed this project it was important to incorporate the rich history of the McKinney Avenue Trolley and support them as they celebrate their 25th year in operation,” said Joel Behrens, Senior Vice President of Trammell Crow Company’s Dallas-Fort Worth Business Unit and MATA Board Member. “We believe this is one of the most popular work, live, play areas in Uptown and we are also pleased to be partnering with MATA and providing them with the resources they need to expand their services.”
“Adding another trolley, barn space and a museum with leadership offices has been a goal of ours for years, but the opportunity to do it the right way has never presented itself,” said Phil Cobb, Founder of the McKinney Avenue Transit Authority. “This space adjacent to where we are currently headquartered is exactly what we needed to realize the vision and grow.”
About High Street Residential
Trammell Crow Company’s residential development through its wholly owned subsidiary, High Street Residential™, is focused on resurrecting old and creating new urban neighborhoods to provide more environmentally sound, user-friendly areas within the community. High Street Residential specializes in blending office, retail, housing, and civic venues within organized public gathering spaces through its leading-edge master plan/master developer services and residential development expertise.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2014, Trammell Crow Company had $4.8 billion of projects in process and $1.9 billion in its pipeline. Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services. Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.