![]() ![]() In return, the city requires a minimum capital investment of $390 million which is also required to retain or create 5,000 jobs at the site. Lewisville Lake Park closed indefinitely due to safety concerns Goldman Sachs will use a separate portion of that project which will also include the 80-story high rise. That is more than five times greater than the $18 million in public-private partnership grants and future tax abatement sought for financial services company Goldman Sachs, the lead tenant in the Field Street project by developer Hunt Realty. You’ve got to build downtown, the core,” said Tennell Atkins, chairman of the Dallas City Council Economic Development Committee.ĭeveloper Hoque Global seeks approval Wednesday for $96.1 million in subsidies over future years for the $379.3 million Newpark development. If we don’t build up downtown, especially our core, you’re not going to grow the city of Dallas. “Dallas is booming right now, especially downtown. It will be a 38-story mixed-use high-rise with office, apartment, hotel and retail space. The Newpark development on Canton at Akard streets was a competitor for Amazon’s second headquarters competition four years ago. The other project would occupy normally vacant surface parking lots south of Dallas City Hall. Continued abuse of our services will cause your IP address to be blocked indefinitely.The Dallas City Council votes Wednesday on incentives connected with two big additions to the skyline.Īn 80-story building on North Field Street would become the city’s tallest building, taller than the Bank of America Plaza. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior.
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