Dallas Fort Worth Urban Forum - Uptown: Ritz-Carlton Dallas (285 FT. / 21 ST.) (310 FT. / 23 ST.)

11-16-2007, 10:54 AM

CTroyMathis

Sea™

Join Date: Jan 2001

Location: New London.CT

Posts: 4,873

Uptown: Ritz-Carlton Dallas (285 FT. / 21 ST.) (310 FT. / 23 ST.) | V2.0

The large archived thread (ran a bit over 4 years) is located here:
http://forum.dallasmetropolis.com/showthread.php?t=1022

A brief recap from the last thread starts below the line.
Feel free to make corrections or additions and whatnot.

________________________________________

Project:
Phase I (21 story building @285')
The Ritz-Carlton, Dallas (218 hotel rooms in first 8 floors)
The Residences @The Ritz-Carlton Dallas (70 condo residences in floors 9-21)
Completion date - 2007.
Phase II (23 story building @310' plus four 'manor' homes)
The Tower Residences (98 condo residences)
Regency Row Homes (4 residences)
Completion date - 2009.

Location(s):
2121 McKinney Avenue, Dallas, Texas 75201
...
...

Other info:
Architect: Robert A.M. Stern
Developer: Crescent Real Estate Equities Company
Other: Hayslip Interior Design Company

Websites:
http://www.ritzcarlton.com/en/Prope...las/Default.htm
http://www.theresidencesdallas.com/

Netcam:
http://forum.dallasmetropolis.com/showthread.php?t=6965
http://66.28.223.131/view/index.shtml

Rendering(s):

Quote:

Originally Posted by Steve Brown

Construction starts on the Ritz-Carlton
At $200 million, tower is investment firm's priciest project
11:07 PM CDT on Wednesday, May 25, 2005
By STEVE BROWN / The Dallas Morning News

The almost $200 million Ritz-Carlton hotel and condo tower is the most expensive project Crescent Real Estate Equities has ever built.

Officials with the Fort Worth-based investment firm kicked off construction Wednesday – more than a year after the deal was announced.

"It always takes a little longer to get these things started than you'd like," said Ken Rehmann, the Ritz-Carlton Hotel Co.'s executive vice president of operations and chief financial officer. "This will be the only Ritz-Carlton in Texas."

The 21-story tower is set to open in the fall of 2007 at the corner of McKinney Avenue and Pearl Street in Uptown.

The Ritz-Carlton Dallas, and the Residences at the Ritz-Carlton will have 217 hotel rooms and 70 luxury condominiums in a classical-style building designed by architect Robert Stern.

The hotel rooms, a restaurant, meeting space, and a spa and fitness center will take up the first eight floors of the building.

The condominiums are on the upper floors and were originally priced from $800,000. The units still for sale range from $1.3 million for a two-bedroom to more than $6 million for a four-bedroom penthouse, Crescent says.

Manhattan Construction Co. is the project's general contractor.

Crescent president Denny Alberts said the only project his company's ever done that's close to this in cost is a $120 million office tower in downtown Houston.

Crescent is planning more construction in Uptown.

"That's phase two," said Mr. Alberts, pointing to the vacant corner of Pearl and Cedar Springs Road. "I would bet it will be more condos."

Crescent amassed most of its property portfolio through acquisitions, but it's looking more and more at construction, said chairman John Goff.

"We are working on two office deals right now in Southern California," he said. "We can develop in certain markets at a price less than we could buy it across the street."

Quote:

Originally Posted by Ritz-Carlton

http://www.theresidencesdallas.com/...One_SoldOut.pdf
DALLAS (October 19, 2007) – After recently debuting Dallas’ first residences under the famous
Ritz-Carlton brand, Crescent Real Estate Equities Company announced that all units in Phase I of
The Residences at The Ritz-Carlton, Dallas have been sold. . .

. . .Phase II, comprising The Tower Residences and unique Regency Row homes, broke ground on July
26.

2005-2007 construction photos rundown:
(Photos that were used are by: Ritz-Carlton netcam, ninjatune, TexasStar, Hunter Wadle, maconahey, grantboston, CTroyMathis, Mballar, and Dallascaper.)

RITZ I. . .

http://pages.sbcglobal.net/samclark.../The%20Ritz.jpg
http://img232.imageshack.us/img232/...m06may064js.jpg
http://img64.imageshack.us/img64/13...m19may063vp.jpg
http://i56.photobucket.com/albums/g...ss/100_1190.jpg
http://img151.imageshack.us/img151/6963/img65063sw.jpg
http://img106.imageshack.us/img106/6433/img70967xn.jpg
http://img106.imageshack.us/img106/646/img71067yb.jpg
http://img412.imageshack.us/img412/...al2jul29yh9.jpg
http://img450.imageshack.us/img450/...al2jul29re0.jpg
http://img529.imageshack.us/img529/...al1jul29mm8.jpg
http://i59.photobucket.com/albums/g...itzfullcopy.jpg
http://img508.imageshack.us/img508/...town1600xd5.jpg
http://i13.photobucket.com/albums/a...06ut_91copy.jpg
http://i13.photobucket.com/albums/a...06ut_57copy.jpg
http://i13.photobucket.com/albums/a...06ut_54copy.jpg
http://i13.photobucket.com/albums/a...06ut_52copy.jpg
http://urbandallas.us/images/ritz-carlton-I_111806.jpg
http://urbandallas.us/postings/ritz_051807.jpg
http://urbandallas.us/postings/ritz_051807_2.jpg
http://farm2.static.flickr.com/1206...0186ea3db_o.jpg
http://farm2.static.flickr.com/1032...55ab95406_o.jpg
http://farm2.static.flickr.com/1176...803888f57_o.jpg

RITZ II. . .

DMN slideshow:
http://www.dallasnews.com/sharedcon...07/07/ritzcarl/

12-21-2007, 10:40 AM	#2
Tnekster Mile-High Skyscraper Member Join Date: Dec 2004 Posts: 5,532	$114 million secured for second Ritz-Carlton towerDallas Business Journal Dallas-based Holliday Fenoglio Fowler LP has arranged a $114.4 million construction loan for phase two of The Ritz Carlton's luxury hotel and condominium development in Uptown. The second phase, called The Tower Residences at the Ritz-Carlton, includes a 23-story, 96-unit tower, plus four townhomes set apart by a central courtyard. The tower will be connected to the first phase, The Residences at the Ritz-Carlton, via a climate-controlled skybridge. It will have its own underground parking garage and amenity package, including a pool, wine storage and tasting room, fitness center, meeting space and hotel service amenities. The project is being developed by Fort Worth-based Crescent Real Estate Equities LLC. Holliday Fenoglio's Scott Galloway, Trey Morsbach and John Ahmed worked on behalf of Crescent Real Estate Equities to secure the 36-month, adjustable-rate loan through Société Générale, a European corporate and investment bank.

12-21-2007, 10:49 AM

Mballar

The Urban Pragmatist

Join Date: Feb 2004

Location: Dallas, Brooklyn

Posts: 3,673

Quote:

Originally Posted by Tnekster

. . .Holliday Fenoglio's Scott Galloway, Trey Morsbach and John Ahmed worked on behalf of Crescent Real Estate Equities to secure the 36-month, adjustable-rate loan through Société Générale, a European corporate and investment bank.

:2lol:

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The world is run by those who show up!

12-21-2007, 03:25 PM	#4
1999McKinneyAve Mid-Rise Member Join Date: Oct 2005 Posts: 421	After suffering from a $9.5B write down due to sub-prime mortgages, Morgan Stanley (Crescent RE) should be happy to find any type of financing for real estate projects. The adjustable feature won't hurt, however, since its only a three-year note. What's surprising is that they just nailed down financing.

12-21-2007, 05:55 PM	#5
jamestown Member Join Date: Dec 2007 Posts: 24	I have wondered how will the developers get money for their projects Hicks is having a hard time with his loan for Liverpool how is he going to build Glory Park. I wonder will this credit crunch leave a lot of projects half way done or never getting off of the ground who can afford these condos.

12-21-2007, 07:09 PM

JohnMcKee

Uptown - McKinney Ave

Join Date: Jun 2006

Location: Uptown

Posts: 715

Quote:

Originally Posted by 1999McKinneyAve

After suffering from a $9.5B write down due to sub-prime mortgages, Morgan Stanley (Crescent RE) should be happy to find any type of financing for real estate projects. The adjustable feature won't hurt, however, since its only a three-year note. What's surprising is that they just nailed down financing.

Well, given how quickly Ritz 1 sold out and the pre-sales of Ritz 2 I doubt they had that much trouble finding funding, even with their write downs.

12-22-2007, 04:14 PM	#7
1999McKinneyAve Mid-Rise Member Join Date: Oct 2005 Posts: 421	Keep in mind that deposits for a condo at the Ritz are only $10k versus $50k at Azure. Very easy to walk away from that and the developer/finance company is left holding the bag. But having the Ritz Carlton name attached is a tremendous advantage for the project (in the minds of finance companies).

01-22-2008, 09:54 AM	#8
Sky Time Done Join Date: Jan 2008 Posts: 636	What is the Web site for the Residence at the Ritz Web cam? and is this out of the ground yet? Sorry, ive been out of town for business since Dec 30, just trying to find out some progress.

01-22-2008, 10:20 AM

Tnekster

Mile-High Skyscraper Member

Join Date: Dec 2004

Posts: 5,532

Quote:

Originally Posted by Sky Time

What is the Web site for the Residence at the Ritz Web cam? and is this out of the ground yet? Sorry, ive been out of town for business since Dec 30, just trying to find out some progress.

http://forum.dallasmetropolis.com/forumdisplay.php?f=85

01-22-2008, 08:26 PM

#10

1999McKinneyAve

Mid-Rise Member

Join Date: Oct 2005

Posts: 421

Quote:

Originally Posted by Sky Time

What is the Web site for the Residence at the Ritz Web cam? and is this out of the ground yet? Sorry, ive been out of town for business since Dec 30, just trying to find out some progress.

Yes, it's out of the ground....but still well below street level.

01-22-2008, 08:31 PM	#11
Sky Time Done Join Date: Jan 2008 Posts: 636	well i consider out of the ground being above street level. Not the Tower Crane.

02-09-2008, 04:05 PM	#12
BigD5349 Supertall Skyscraper Member Join Date: Jul 2005 Location: Uptown Posts: 2,532	Ritz II...

02-09-2008, 05:53 PM

#13

I45Tex

Perpetual Amateur

Join Date: Dec 2002

Location: limbo

Posts: 587

Quote:

Originally Posted by Mballar

Originally Posted by Tnekster
. . .Holliday Fenoglio's Scott Galloway, Trey Morsbach and John Ahmed worked on behalf of Crescent Real Estate Equities to secure the 36-month, adjustable-rate loan through Société Générale, a European corporate and investment bank.

And surprisingly enough, after the last month's events, it would now be an eek at:

Quote:

Originally Posted by Mballar

Originally Posted by Tnekster
. . .Holliday Fenoglio's Scott Galloway, Trey Morsbach and John Ahmed worked on behalf of Crescent Real Estate Equities to secure the 36-month, adjustable-rate loan through Société Générale, a European corporate and investment bank.

02-09-2008, 11:43 PM	#14
freewaytincan is gone. Join Date: Jul 2002 Location: 77023 Posts: 5,267	I am so pleased to see the second phase under construction. And maybe I'm just alone in thinking this, but these towers are going to be all the more stunning when they are weathered and aged for some time.

02-10-2008, 02:15 AM

#15

Sky Time

Done

Join Date: Jan 2008

Posts: 636

Quote:

Originally Posted by freewaytincan

I am so pleased to see the second phase under construction. And maybe I'm just alone in thinking this, but these towers are going to be all the more stunning when they are weathered and aged for some time.

that has been my thoughts from the beginning

This corner of Dallas is awesome.

02-10-2008, 08:42 PM

#16

msutton

Skyscraper Member

Join Date: Oct 2004

Location: Paris / Manhattan / Dallas

Posts: 1,579

Quote:

Originally Posted by I45Tex

And surprisingly enough, after the last month's events, it would now be an eek at:

Oh lord. Hope their woes don't present too many problems for this project...

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03-08-2008, 01:55 PM	#17
maconahey take a walk Join Date: Apr 2005 Location: Deep Ellum Posts: 1,536

04-15-2008, 08:56 PM	#18
maconahey take a walk Join Date: Apr 2005 Location: Deep Ellum Posts: 1,536	From Saturday

04-16-2008, 11:39 AM	#19
Sky Time Done Join Date: Jan 2008 Posts: 636	THis is going to be such an elegant part of Dallas

04-16-2008, 01:18 PM

#20

TheCDAllenGroup

Mid-Rise Member

Join Date: Jun 2006

Posts: 292

Quote:

Originally Posted by Sky Time

THis is going to be such an elegant part of Dallas

I agree. I can't wait until it's all filled in - including the lot next to the Ritz.

04-16-2008, 02:27 PM	#21
Sky Time Done Join Date: Jan 2008 Posts: 636	what is going into that lot?

04-16-2008, 07:26 PM

#22

cowboyeagle05

Supertall Skyscraper Member

Join Date: Jun 2005

Location: DFW

Posts: 2,347

Quote:

Originally Posted by Sky Time

THis is going to be such an elegant part of Dallas

On the inside and from far way at least not much to look at from the sidewalk dead really.

__________________

04-16-2008, 10:07 PM

#23

TheCDAllenGroup

Mid-Rise Member

Join Date: Jun 2006

Posts: 292

Quote:

Originally Posted by Sky Time

what is going into that lot?

I actually don't know.

::shouts:: Hey guys, what's going on the lot (where all the Ritz workers park)?

04-17-2008, 12:08 AM	#24
Sky Time Done Join Date: Jan 2008 Posts: 636	this is for trolly and Hannibal A $50 MILLION PARK!!!

04-17-2008, 10:35 AM

#25

Beck2KMcK

Member

Join Date: Sep 2007

Posts: 28

Quote:

Originally Posted by Sky Time

what is going into that lot?

Crescent owns the lot (see bottom of photo), and think its planned for Ritz III. Anyone else heard the same?

Photo was taken yesterday from the roof of 2000 McKinney.

04-17-2008, 10:51 AM	#26
interference Member Join Date: Apr 2008 Posts: 1	What do you guys think of the Phase I exterior, aesthetically speaking? I happen to think the Crescent is an absolutely gorgeous building. I find the Ritz Phase I tower is very bland in comparison. I kept waiting for them to "finish" it, and then I finally had to accept the fact that it was indeed complete. It just looks like a big sand castle to me... big beige blocks with little visual interest. Am I the only one that feels this way?

04-17-2008, 11:51 AM

#27

tamtagon

Administrator

Join Date: Mar 2002

Location: Atlanta - Dallas

Posts: 9,672

Quote:

Originally Posted by Beck2KMcK

Crescent owns the lot (see bottom of photo), and think its planned for Ritz III. Anyone else heard the same?

I think that lot was once rumored to host Canyon Ranch. With the delay of the highly publicized arrival of the Mandarin brand, and the apparent stealthly arrival of the St. Regis brand, the dream maker quality of this property will not let it stay vacant.

Great picture!!! In a couple more years, the extention of downtown will leap-frog Reverchon Park and begin to unify the heretofore Stemmons Corridor product called World Trade / Market Center with downtown. Harry Hines is within a decade of becoming a vastly different type of thoroughfare.

04-17-2008, 01:56 PM

#28

Sky Time

Done

Join Date: Jan 2008

Posts: 636

Quote:

Originally Posted by interference

What do you guys think of the Phase I exterior, aesthetically speaking?

I happen to think the Crescent is an absolutely gorgeous building. I find the Ritz Phase I tower is very bland in comparison. I kept waiting for them to "finish" it, and then I finally had to accept the fact that it was indeed complete.

It just looks like a big sand castle to me... big beige blocks with little visual interest. Am I the only one that feels this way?

I personally think that gold trimming along the tops and corners would have been nice, also the exterior will look better once its weathers for a few years.

04-17-2008, 09:25 PM	#29
sogod High-Rise Member Join Date: Apr 2004 Posts: 509	That intersection looks insane.

04-17-2008, 10:22 PM

#30

BigD5349

Supertall Skyscraper Member

Join Date: Jul 2005

Location: Uptown

Posts: 2,532

Quote:

Originally Posted by sogod

That intersection looks insane.

That intersection IS insane. Trust me.

Big wreck this evening, yet another car going the wrong way down Cedar Springs.

Awesome pic, Beck!

Last edited by BigD5349 : 04-17-2008 at 10:27 PM.

04-18-2008, 12:11 AM	#31
mdg109 Low-Rise Member Join Date: Jun 2007 Posts: 226	I like how dense this area is getting, but do y'all think it will help this area to become more pedestrian friendly? I've seen the renderings of the completed project and it's a solid project, but the small sidewalks and overall relation to the street just seems uninviting.

04-18-2008, 04:42 AM

#32

BigD5349

Supertall Skyscraper Member

Join Date: Jul 2005

Location: Uptown

Posts: 2,532

Quote:

Originally Posted by mdg109

I like how dense this area is getting, but do y'all think it will help this area to become more pedestrian friendly? I've seen the renderings of the completed project and it's a solid project, but the small sidewalks and overall relation to the street just seems uninviting.

Sorry all, I can't resist. To say that this area is "pedestrian unfriendly" doesn't do it justice -- it's more like "pedestrian hostile."

04-18-2008, 08:44 AM	#33
GennadyB Low-Rise Member Join Date: Dec 2007 Location: Bryan Place Posts: 199	I'd have to agree with you there. The sidewalk width, crazy traffic, and minimal amount of attractions on the street level don't make this part of Uptown the most pedestrian-friendly.

04-18-2008, 08:45 AM

#34

psukhu

Supertall Skyscraper Member

Join Date: Mar 2002

Location: Frisco, Denton County

Posts: 2,764

Quote:

Originally Posted by BigD5349

Sorry all, I can't resist. To say that this area is "pedestrian unfriendly" doesn't do it justice -- it's more like "pedestrian hostile."

It is also not friendly to cars with low profile tires. I cracked a wheel in this area and three wheels overall in the Downtown/Oak Lawn/Uptown area.

04-18-2008, 09:01 AM

#35

JohnMcKee

Uptown - McKinney Ave

Join Date: Jun 2006

Location: Uptown

Posts: 715

Quote:

Originally Posted by psukhu

It is also not friendly to cars with low profile tires. I cracked a wheel in this area and three wheels overall in the Downtown/Oak Lawn/Uptown area.

You're not alone, I'm getting my car back today after having my 3rd wheel and 4th tire replaced because of the roads in the Oak Lawn/Uptown area. This time I had a bitch of a time tracking down a new wheel for my car as the wheel was discontinued, I ended up having to buy 4 but I doubt I won't need them in the future if the roads don't improve. 18" low profile run flat tires and new wheels don't come cheap.

04-18-2008, 09:04 AM

#36

Mballar

The Urban Pragmatist

Join Date: Feb 2004

Location: Dallas, Brooklyn

Posts: 3,673

Quote:

Originally Posted by psukhu

It is also not friendly to cars with low profile tires. I cracked a wheel in this area and three wheels overall in the Downtown/Oak Lawn/Uptown area.

The next time that happens, park your vehicle in the pot hole and call 311. The City of Dallas owes you some money!

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04-18-2008, 09:07 AM

#37

JohnMcKee

Uptown - McKinney Ave

Join Date: Jun 2006

Location: Uptown

Posts: 715

Quote:

Originally Posted by Mballar

The next time that happens, park your vehicle in the pot hole and call 311. The City of Dallas owes you some money!

That's what my attorney says, as for managing to actually collect it from the city, good luck.

04-18-2008, 11:36 AM	#38
mdg109 Low-Rise Member Join Date: Jun 2007 Posts: 226	So, I'm not alone. It doesn't have to be Times Square... but how hard would it be just to widen the sidewalk so that more than one person can walk through this area comfortably. I'm not even asking for retail at this point.

04-18-2008, 12:27 PM	#39
Kelley USA Supertall Skyscraper Member Join Date: Nov 2001 Posts: 2,221	It would be a massive cluster for a bit, but that intersection needs to be redone to make it more pedestrian and more car friendly.

04-18-2008, 01:04 PM	#40
Ersatz Low-Rise Member Join Date: Apr 2008 Posts: 172	That Katy Trail bridge over Maple Avenue isn't very close to the Ritz site btw. My personal trainer's whole axel snapped into and collapsed into his engine on Lemmon and Central just by that Taco Bell because he hit a pot hole. He had to get a new car over it.

04-18-2008, 01:07 PM

#41

Ersatz

Low-Rise Member

Join Date: Apr 2008

Posts: 172

Wouldn't that little triangular lot in the middle of Crescent, Ceadar, Harry Hines make the perfect pencil thin high rise with one condo per floor? They could make it really tall and not offer any parking to force people to walk more!

Quote:

Originally Posted by Beck2KMcK

Crescent owns the lot (see bottom of photo), and think its planned for Ritz III. Anyone else heard the same?

Photo was taken yesterday from the roof of 2000 McKinney.

04-18-2008, 01:28 PM	#42
DallasMan Uptown Member Join Date: Dec 2006 Location: Knox and McKinney Posts: 567	^No, but it would be the perfect spot for a huge circular water fountain with a pedestrian sidewalk around it w/ benches.

04-18-2008, 01:51 PM	#43
Lakewooder Lakewooder Join Date: Apr 2004 Location: Lakewood - Junius Heights Posts: 5,047	One or more of the streets in the area needs to be turned into the Las Ramblas of Dallas. And when 311 writes a code violation on you, they collect or you go to the pokey when you try to renew your driver's license.

04-18-2008, 02:33 PM

#44

SkyLife

Done

Join Date: Jun 2007

Posts: 346

Ritz Carlton - Blah, blah, blah.

Quote:

Originally Posted by interference

I couldn't believe it was a Ritz when I first saw it. It looks cheap and very plain. The Crescent and most other surrounding buildings look much better IMO. I have been told it is for "old people" and therefore, old style. I don't see the "style" part, though.

At night you can even see it. Perhaps, lighting it up makes it look even worse. They sure had plenty of money to do the project, but it doesn't look that way.

04-18-2008, 02:51 PM

#45

mdg109

Low-Rise Member

Join Date: Jun 2007

Posts: 226

Quote:

Originally Posted by DallasMan

^No, but it would be the perfect spot for a huge circular water fountain with a pedestrian sidewalk around it w/ benches.

Brilliant! In nyc, that'd be a park.

04-18-2008, 02:54 PM	#46
jimbone Low-Rise Member Join Date: Jan 2008 Posts: 129	I like it, so it's an old style, the whole DTD area still has enough parking lots and abandoned homes to build world class architecture I don't want everything to be steel and glass, plus I bet in the beginning when the Crescent was built people were complaining about that to.

04-18-2008, 02:56 PM	#47
Kelley USA Supertall Skyscraper Member Join Date: Nov 2001 Posts: 2,221	I think a signature fountain would be pretty cool... Perhaps we should contact the Uptown Public Improvment District. They could have a design contest for the fountain and allow people to vote etc...

04-18-2008, 02:58 PM	#48
DallasMan Uptown Member Join Date: Dec 2006 Location: Knox and McKinney Posts: 567	^The Ritz (or the Crescent) could sponsor it....improve their neighborhood and add a little glam to LoMac.

04-18-2008, 03:03 PM	#49
Ersatz Low-Rise Member Join Date: Apr 2008 Posts: 172	Just don't let the same people that did that thing at Ceadar Springs @ Oak Lawn near it. THE LEGACY OF LOVE

04-18-2008, 03:17 PM

#50

SkyLife

Done

Join Date: Jun 2007

Posts: 346

It just looks cheap and blah.

Quote:

Originally Posted by jimbone

I like it, so it's an old style, the whole DTD area still has enough parking lots and abandoned homes to build world class architecture I don't want everything to be steel and glass, plus I bet in the beginning when the Crescent was built people were complaining about that to.

Ritz is NOTHING like the Crescent. The Crescent is a nice looking building because it doesn't look cheap.

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