DALLAS - Prescott Group has purchased a 5.5-acre property next door to the Mansion on Turtle Creek where it plans to build a 14-story, 380,000-sf office and retail project.
The development — called 2727 Turtle Creek — is just the latest in a series of new deals in the Oak Lawn market.
The new owners will tear down an eight-story building constructed in the 1980s. A six-story office building that dates to the 1950s will be stripped back to the beams and included in the new construction.
A ground-floor restaurant space and conference center are planned, and the project will use the existing 1,100-space parking garage on the north side of the property.
Prescott plans to start construction next year and have the building ready by the end of 2016.
For more on what's going on in the Oak Lawn market, check out other stories from NewsTalk Texas.
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