Unknown buyer for 450,000-SF KPMG Plaza at Hall Arts in DallasUnknown buyer for 450,000-SF KPMG Plaza at Hall Arts in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132152016-05-17T05:00:00Z2016-05-17T21:00:00Z

​​DALLAS - Developer Craig Hall's development firm no longer owns the newly completed KPMG Plaza at Hall Arts, 2323 Ross Ave., after quietly selling to an investor.

Ever since the 18-story, 450,000-sf office tower was completed in 2015, Hall has been eyeing the next phase of Hall Arts and this deal would give him enough cash to move ahead on a luxury high-rise and boutique hotel.​

Real estate sources estimate the deal closed at $500 per sf, or roughly $225 million.

By selling off KPMG Plaza, Hall will be able to begin the second phase of Hall Arts, a luxury condo and boutique hotel tower.

The 11-story, 231-room boutique hotel will sit over two levels of public space and will include enough real estate to house restaurants and a 7,000-sf meeting space.

The 44-unit condo portion of the tower, called the Hall Arts Residences, will stretch from the 12th to the 25th floor of the tower.​
Dallas Business Journal
Dallas-Fort Worth-Arlington

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