Stream bets on Uptown Dallas

Dallas’ Stream is banking on its home city’s Uptown neighborhood to make a comeback. It’s redeveloping the site of the city’s first mixed-use development into a $100 million office and retail complex called the Quadrangle.

The QUAD will have 335,000 square feet of Class A offices and 15,000 square feet of restaurant and patio space. The 12-story office tower will have some of the pandemic-era features increasingly deployed to lure employees back to their workplaces. They include a digital art installation and floor-to-ceiling windows in the lobby, smart user interfaces, pathogen-reducing climate control, and other perks and amenities. Adjacent to the offices will be five restaurants ranging from 1,719 square feet to 4,645 square feet. The complex will have dedicated underground parking.

The Quad Retail (Omniplan)

Austin billionaire Michael Dell is getting in on the action. MSD, a New York investment company that represents Dell, is providing construction financing.

Stream is a national real estate services, development and investment company headquartered in Downtown Dallas. It bought the 3.8-acre property for the QUAD, at the corner of Routh and Howell streets just west of McKinney Avenue and south of Turtle Creek, in 2019. It’s the site of Dallas’ first mixed-use development, built in 1966 and renovated in the 1980s. The company will develop, manage and lease the project.

The Quad Club (Omniplan)

“The QUAD is the largest single investment we’ve ever made in Dallas,” said Stream cofounder Mike McVean. “ If you’re not a big player in the urban core of your home market, then you’re not a player.”

The QUAD’s expected delivery date is 2024.

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