las colinas supplement guide

Paid Advertising SupplementB2 October 19-25, 2007 | Dallas Business Journal | dallasbusinessjournal.com

LAS COLINAS IS COUSINS COUNTRYRepresenting a portfolio of more than 2.8 million square feet of Class A offi ce space in Las Colinas, Cousins Properties has the perfect place for you. No one offers more in Las Colinas. In fact, since the early ‘90s, Cousins has completed over 7 million square feet of lease transactions. When you’re in Las Colinas, you’re in Cousins Country.

For Leasing Information contact: Mark Dickenson, Matt Schendle or Cynthia Cowen

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6665 MacArthur170,000 sf contiguous

511 John Carpenter3,500 sf contiguous

122 West Carpenter8,000 sf contiguous

Las Colinas Tower I & II50,000 sf contiguous

6565 MacArthur at Sierra15,000 sf contiguous

Rochelle Park40,000 sf contiguous

The Towers at Williams Square25,000 sf contiguous

Paid Advertising Supplement dallasbusinessjournal.com | Dallas Business Journal | October 19-25, 2007 B3

I N THIS ISSUEURBAN GROWTH

New town centers, residential growth mark Las Colinas’ renaissance . . . . . . . . . . . . . . . B4

OFFICE MARKET

Momentum, new growth keep Las Colinas offi ce market vital . . . . . . . . . . . . . . . . . . . . . . . . . . . B9

SUPPORTING GROWTH

Business-friendly Irving’s Top 10 ways to facilitate new development . . . . . . . . . . . . . . . . . . B12

ACCESSLight-rail line headed for Las Colinas . . . . . . . . . B15

EDUCATIONLas Colinas area home to award-winning schools . . B16

LIFESTYLELiving well in Las Colinas . . . . . . . . . . . . . . . . . . B18

VITAL STATISTICS | CONTACTSA profi le of Las Colinas . . . . . . . . . . . . . . . . . . . . B22Aerial Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B23

Center: Th e Towers at Williams Square; courtesy of Cousins Properties | Left Column, from top: Rendering of Las Colinas Station; courtesy of Icon Partners | Las Colinas Towers II; courtesy of Cousins Properties | Dallas/Fort Worth International Airport | Th e Mandalay Canal Walk; courtesy of the Irving Convention and Visitors Bureau | Riverside Commons; courtesy of CAPSTAR Commercial Real Estate Services | Water Street; courtesy of Urban Partners | Gondola on Lake Carolyn; courtesy of Gondola Adventures | Right column from top: Th e Mustangs of Las Colinas; courtesy of the Irving Convention and Visitors Bureau | Light-rail train; courtesy of DART | Resort pool at the Four Seasons Resort and Club; courtesy of the Four Seasons Resort and Club | Th e Delano; courtesy of Legacy Partners

Ben Carpenter, the founder of Las Colinas, had a saying: “Never call

a press conference to announce what you’re going to do. Call it to announce what you’ve done.”

We wish we could take his advice, but the story currently unfolding in Las Colinas makes it too hard to wait.

Th e current wave of development is escalating at a phenomenal pace. Two New Urbanist town centers are nearing construction starts, and a convention center is under way.

• Water Street, the urban town center under development by Gables Residential and Urban Partners, should start construction by early 2008. Located on Lake Carolyn across North O’Connor Blvd. from Williams Square, Water Street’s fi rst phase will include 175,000 square feet of trendy shops and restaurants, 365 upscale apartments and a boutique movie theater. If the developers’ names sound familiar, think West Village — and expect the same of-the-moment-yet-classic feel.

• Las Colinas Station plans to begin its fi rst phase in mid-2008. Th is high-density center will focus on offi ce and high-rise residential, with a 300,000-square-foot offi ce tower and 260-unit apartment tower planned for its fi rst phase. Located on North O’Connor Blvd. directly across Lake Carolyn Parkway from a planned DART light rail station, Las Colinas Station is transit-oriented development at its best — high density and even higher style.

• The Irving Convention Center Complex is doing site preparation work for a meeting facility that will catapult Irving into the ranks of convention cities, as well as serve the needs of local corporations. Th e City of Irving, through the Irving Convention and Visitors Bureau, is developing the project and master-developing a hotel and mixed-use entertainment district on an adjacent

site. Both are on Las Colinas Blvd. between Northwest Highway and Urban Towers. Fall of 2009 is the target for the Convention Center’s opening.

Th ese projects are only part of the picture. Residential growth is booming, and two additional town centers are on the drawing board.

With this news, we welcome you to the ninth annual Las Colinas Special Section, published by the Dallas Business Journal and sponsored by the Las Colinas Marketing Alliance. Each year we work hard to present a comprehensive view of Las Colinas — news, trends and information on the amenities that make the community such a special place. We strive to create a piece with lasting value that will serve as a resource until the next year’s issue appears.

Th e Las Colinas Marketing Alliance, founded in 2004, is a coalition of stakeholders who work together to promote the Las Colinas community

and the strength of its brand. Under the auspices of the Greater Irving-Las Colinas Chamber and initially funded by the Las Colinas Association, the LCMA is the go-to organization for all Las Colinas issues.

Excitement continues to build in Las Colinas, and we can hardly wait for next year, when the projects that are so highly anticipated now will be changing the Las Colinas landscape in a decidedly vertical way.

We hope you share this sense of anticipation as you read the 2007 Las Colinas Special Section.

Leanne Weymouth is Executive Director of the Las Colinas Marketing Alliance.

LAS COLINAS | WELCOME

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THE LOFTS AT LAS COLINAS

THE LAKES OFLAS COLINAS

LAS COLINASSTATION

THE DELANO

THE GRANDTREVISO

THE CABOCHONAT LAS COLINAS

O’Connor Blvd

ICON PARTNERS

CROWHOLDINGS

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PALLADIUM

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Las Colinas Association, Founding Member

Irving Convention & Visitors Bureau, Founding Member

Cousins Properties, Founding Member

Greater Irving-Las Colinas Chamber, Founding Member

GOLD LEVEL

Maloney Strategic Communications

BRONZE LEVEL

Four Seasons Resort & Club

MEMBERS

Behringer Harvard

TIF District – City of Irving

The Lofts at Las Colinas

Dallas County Utility& Reclamation District

Las Colinas Medical Center

CSE Commercial Real Estate

Magellan Commercial Realty

Transwestern Commercial Services

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Staubach Company

BH O’Connor-Crow Holdings

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Th e Las Colinas Urban Center

B4 October 19-25, 2007 | Dallas Business Journal | dallasbusinessjournal.comPaid Advertising Supplement

Momentum continues to build in Las Colinas, where the new development projects

that have captured this community’s imagination for the last few years are nearing the start of construction.

Th ree are set to go in the Las Colinas Urban Center, the heart of this elite 12,000-acre master-planned community. All are inspired by New Urbanism, and incorporate high densities, mixed uses, walkability and of-the-moment design. And all are within walking distance of the Dallas Area Rapid Transit light-rail line that is scheduled to arrive in the Urban Center by 2011, on its way from Downtown Dallas to Dallas/Fort Worth International Airport.

From plans to realityIn the preliminary stages of site preparation

is the Irving Convention Center Complex, a 250,000-square-foot meeting facility at Las Colinas Blvd. and Northwest Highway. Th e center is the fi rst phase of a master-planned project that will add a hotel and a mixed-use entertainment district on an adjacent site. Th e City of Irving, through the Irving Convention and Visitors Bureau, is developing the convention center and master-developing the hotel and entertainment projects. Th e Convention Center is expected to open in the fall of 2009.

Up next is Water Street, the town center

planned on Lake Carolyn in the Urban Center, across North O’Connor Blvd. from Williams Square. Developers Gables Residential and Urban Partners intend to begin construction by early 2008, with completion expected 24 months later. Th e fi rst phase will include 175,000 square feet of eclectic shops and restaurants, 365 upscale apartments, and an

art-house movie theater.Th ird in line is Las Colinas Station, whose

developer, Icon Partners, plans to begin construction in mid-2008. Situated on North O’Connor Blvd. and Lake Carolyn Parkway, across the street from the planned Lake Carolyn light-rail station, Las Colinas Station’s fi rst phase will include a 300,000-square-foot offi ce tower and a 260-unit high-rise apartment project. Construction is expected to take 22 months.

Th is year, the Urban Center welcomed two more luxury apartment communities on the light-rail route: Th e Delano and Bella Casita at Las Colinas. Both are trendy in design and laden with amenities. Across Lake Carolyn, Monterra, another upscale apartment community, is nearing completion.

Also on Lake Carolyn, across Las Colinas Blvd. from the Irving Convention Center Complex, FRAM Building Group is planning North Shore, a town center that will include offi ce, residential and retail components.

“Th e Convention Center Complex, Water Street, Las Colinas Station and North Shore, combined with Las Colinas’ existing amenities, will off er the total package,” said Maura Gast, executive director of the Irving Convention and Visitors Bureau. “More quality hotels, meeting space, shops and restaurants — and all in a waterfront environment that takes a new and diff erent approach.”

Building the dreamWater Street, Las Colinas Station and the

Convention Center Complex, along with other projects on the drawing board, are set to transform the Urban Center. Las Colinas’ master plan, created in the early 1970s, defi ned the Urban Center as a high-density 24-hour environment — a place to live, work and play. Now, that potential is on the verge of fulfi llment.

Urban Partners and Gables Residential, which developed Dallas’ West Village, bring their hip sensibilities to Water Street. While the project will have its own distinct fl avor, it also will have the ability to capture the urban zeitgeist that made West Village a success.

“With Water Street and the other projects, Las Colinas will have immediate urban feel,” said Tom Bakewell, regional vice president of Gables Residential. “With the lake and the built-in identity of Williams Square across the street, you can’t replicate it.”

Icon Partners president Paris Rutherford concurs: “When people step off the train at Lake Carolyn Station, they should immediately feel like they’re in Downtown Las Colinas. Las Colinas Station will have the highest densities in the Urban Center. We have one chance to do it right, and we intend to.”

Th e DART light-rail line plays a key role in the dream’s realization. Not only is it a catalyst for development, but it also will connect Las Colinas with DFW Airport, Downtown Dallas, and points in between. And the DART line will connect with Las Colinas’ Area Personal

New town centers, residential growth mark Las Colinas’ renaissance

LAS COLINAS | URBAN GROWTH

“Success breeds success. Good projects make people happy, and they want more. In fi ve years, you won’t recognize the Urban Center.”

— BOBBY STEWARTPrincipal

CSE Commercial Real Estate

LAS COLINAS | URBAN GROWTHLAS COLINAS | URBAN GROWTH

Water Street

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EscenaLocation: Riverside Drive and Royal Lane, northwest cornerDeveloper: FRAM Building Group Plans: 1,000+ residential units (detached, zero lot-line, townhomes, apartments) • 64,000 sf of retail • 64,000 sf of offi ce space • 19,000-sf restaurant • Village green • Tennis courts, pool, basketball courts, community clubNoteworthy: Across Riverside Drive from La Villita

North ShoreLocation: North Urban Center Developer: FRAM Building Group Plans: 400,000 sf of offi ce space • 1,000+ residential units • 104,000 sf of retail • Bandstand, amphitheater,

clubhouse and boathouseNoteworthy: Across Las Colinas Blvd. from Irving Convention Center Complex • On Lake Carolyn

The Terracesof Las ColinasLocation: SH 161 and Las Colinas Blvd.Developer: The Woodmont CompanyPlans: 1 million sf of retail, restaurants and entertainment venues • 200,000 sfof offi ce space • 200 residential units • 200-room boutique hotel • 150-room hotel overlooking planned lake • Gardens, terraced walkways, bridges, paddle boats and walking trailsNoteworthy: Will be Las Colinas’ fi rst large-scale regional retail complex

New development:Planned mixed-use projects

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expected to take 2Th is year, the U

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North Shore


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Water StreetLocation: On Lake Carolyn, across North O’Connor Blvd. from Williams SquareDeveloper: Gables Residential and Urban PartnersPlans: 300,000 sf of shops and restaurants •300,000 sf of offi ce space • 700 high-end apartments • Boutique hotel • 36 condominiums • Boutique movie theaterValue: $375 millionTimeframe: Plans to break ground on fi rst phase by early 2008; construction to take 24 months • First phase to include 175,000 sf of shops and restaurants and 365 high-end apartmentsNoteworthy: Piazzas, loggias, esplanade and restaurants planned on Lake Carolyn • Eclectic mix of shops and restaurants • Integrates APT station • Walking distance from planned DART light-rail/APT stationRole of City of Irving: Plans to build $31 million, 1,630-vehicle parking garage • $16 million in land reclamation and plaza construction • $7 million TIF reimbursement for infrastructure constructionThey say: “With Water Street and the other projects, Las Colinas will have immediate urban feel. With the lake and the built-in identity of Williams Square across the street, you can’t replicate it.” — Tom Bakewell, Regional Vice President, Gables Residential

Las Colinas StationLocation: North O’Connor Blvd. at Lake Carolyn Parkway Developer: Icon PartnersPlans: 620,000 sf of offi ce space in two towers • 520 high-rise apartments in two towers • 200-room boutique hotel • 30,000 sf of shops and restaurantsValue: $350 million

Timeframe: Construction to start mid-2008, with completion 22 months later • First phase to include 300,000 sf offi ce tower and 260 high-rise apartments Noteworthy: Pedestrian bridge planned across Lake Carolyn Parkway to the planned DART light-rail/APT station for Phase IIThey say: “This is the keystone site on the DART light-rail line. When people get off the train at Lake Carolyn Station, they should immediately feel like they’re in Downtown Las Colinas. We have one chance to do it right, and we intend to.” — Paris Rutherford, IV, President, Icon Partners

Irving ConventionCenter ComplexLocation: Between SH 114 and Las Colinas Blvd., south of Northwest HighwayDeveloper: The City of Irving through the Irving Convention and Visitors BureauPlans: 50,000-sf exhibition hall • 20,000-sf ballroom • 10,000-sf junior ballroom • 10,000-sf of break-out space/meeting rooms • Executive board room • Lecture hall with simultaneous translation capabilities • Hotel and entertainment district planned for adjacent siteValue: $400 million, with hotel and entertainment districtNoteworthy: Creates unique meeting and entertainment destination • Developers working with area land owners to coordinate project designs • Incorporates APT systemThey say: “The Convention Center Complex, Water Street, Las Colinas Station and North Shore, combined with Las Colinas’ existing amenities, will offer the total package: more quality hotels, meeting space, shops and restaurants — and all in a waterfront environment that takes a new and different approach.” — Maura Gast, Executive Director, the Irving Convention and Visitors Bureau

Water Street

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LAS COLINAS | URBAN GROWTH

Alta Lakeshore LoftsLocation: Urban CenterDeveloper: Wood PartnersUnits: 341 luxury apartmentsNoteworthy: On Lake Carolyn and DART light-rail lineStatus: Under construction

AMLI at La Villita, Phase IILocation: La VillitaDeveloper: AMLI Residential Properties Trust Units: 288 luxury apartments Noteworthy: Second phase of AMLI’s La Villita apartment development Status: Completed

Bella CasitaLocation: Urban Center Developer: Westwood ResidentialUnits: 268 upscale apartmentsNoteworthy: Near planned DART light-rail/APT stationStatus: Completed

The DelanoLocation: Urban CenterDeveloper: Legacy PartnersUnits: 258 luxury apartments Noteworthy: Near planned DART light-rail/APT stationStatus: Open

Lincoln Las ColinasLocation: North of Northwest HighwayDeveloper: Lincoln Properties Units: 900 for-lease townhomes • 800 upscale apartments • 250 detached homes Noteworthy: Site wraps around the south side of Lake CarolynStatus: Planned; to be developed in three phases

Lincoln Lakeside at La VillitaLocation: La VillitaDeveloper: Lincoln Properties Units: 331 luxury apartmentsNoteworthy: Second phase of Lincoln’s La Villita apartment development. Status: Completed

MonterraLocation: Urban CenterDeveloper: The Spanos CorporationUnits: 281 luxury apartmentsNoteworthy: Two sides front on Lake Carolyn Status: Nearing completion

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Transit system, or APT, commonly called the Las Colinas monorail. Th e APT serves several Urban Center offi ce buildings and the shops and restaurants along the Mandalay Canal Walk.

“DART and the APT will circle the Urban Center, giving offi ce tenants door-to-DFW Airport service,” said Rodney Helm, vice president of leasing for CAPSTAR Commercial Real Estate Services. “With the rail and the new development, the Urban Center will have more energy and a whole new feel. Las Colinas is becoming trendy again.”

Indeed, in Dallas/Fort Worth, an area that holds Places to Be in high esteem, Las Colinas stands to become the next See and Be Seen spot. Quite a feat for a community that has been a traditional corporate enclave for over 30 years.

Beyond the Urban CenterNew development projects are blossoming

outside the Urban Center, as well.La Villita, the traditional neighborhood

community in northeast Las Colinas, is approaching build-out. Under construction are the second phases of Darling Homes and K. Hovnanian Homes single-family neighborhoods, City Homes’ condominiums, Portrait’s townhomes and AMLI’s luxury apartment community. Lincoln Property completed its second upscale apartment project earlier this year.

Portrait is planning a third townhome community across Riverside Drive from La Villita. FRAM’s mixed-use — and heavily residential — Escena is also planned nearby, as is Hines’ Riverside Village. To the west, at Royal

Lane and Las Colinas Blvd., K. Hovnanian is planning La Palazzi, a townhome community.

Hines, which bought the Las Colinas Land Limited Partnership’s 600-acre portfolio in December 2005, is also working on Th e Lakes of Las Colinas on the north side of the northern-most section of Lake Carolyn. Th is gated village will comprise detached homes whose prices range from $600,000 to $1.5 million. Th e Lakes of Las Colinas and Riverside Village are both scheduled for a construction start in the fi rst quarter of 2008.

Hines’ land portfolio may be the best measure of the velocity of growth in Las Colinas: All but approximately 15 of the original 600 acres are in development — either planned or under construction.

Transit system, or APLas Colinas monorail.

Th e DelanoContinued from page B4


972.432.3600www.WilliamsSquare.com

Managed and Leased By

2007 International

TOBY Winner


City Homes at La VillitaLocation: La VillitaDeveloper: City HomesUnits/Type: 97 condominiums in Phase I • 47 in Phase II Noteworthy: Units designed as townhomes • Only single-family property on Lago de ClaireStatus: Some units in Phase I are open; Phase II is under construction

Cottonwood Hill EstatesLocation: Story Road between Walnut Hill and NorthgateDeveloper: Twin Oaks HomesUnits/Type: 66 detached homesNoteworthy: French Renaissance design • Builder developed Villas of Cottonwood Creek Townhomes Status: In development

Emerald Valley Location: Ranch Trail and Olympus BoulevardDeveloper: Monterey HomesUnits/Type: 117 detached homes (Phase I) • 87 detached homes (Phase II) • 126 townhomes (Phase III) Noteworthy: Emerald Valley is outside the contiguous boundaries of Las Colinas, but deed restricted by the Las Colinas AssociationStatus: Under construction; Phase I approaching completion

Hunters RidgeLocation: Kinwest Parkway at Bradford Pear DriveDeveloper: Ashton WoodsUnits/Type: 200 townhomes in Phase I • 110 in Phase IINoteworthy: Near North MacArthur Boulevard retail and restaurant districtStatus: Phase I completed; Phase II under construction

Hunters ValleyLocation: Ranch Trail ParkwayDeveloper: MHIUnits/Type: 80 townhomesNoteworthy: Hunters Valley is outside the boundaries contiguous boundaries of Las Colinas, but deed restricted by the Las Colinas AssociationStatus: Under construction

The Lakes of Las ColinasLocation: North of Spur 348, between Riverside Drive and the planned Las Colinas Blvd. extensionDeveloper: HinesUnits/Type: 263 detached homesNoteworthy: Gated executive community • Prices up to $1.5 million • Property fronts on Lake Carolyn • Offers oversized lotsStatus: Planned for construction start in late fi rst quarter of 2008

La PalazziLocation: Royal Lane and Las Colinas Blvd., northwest cornerDeveloper: K. Hovnanian HomesUnits/Type: 173 townhomesNoteworthy: Across Las Colinas Blvd. from Citigroup • Near North MacArthur Blvd. retail districtStatus: Planned

La VillitaLocation: East and north of Lago de Claire in La VillitaDeveloper: Darling Homes and K. Hovnanian HomesUnits/Type: 226 detached homes in fi rst phase • 141 in second phaseNoteworthy: Spanish Mission style • Located between Lago de Claire and Campión TrailsStatus: 219 homes sold in fi rst phase • Second phase in development; 70+ lots sold

Palladium at Las ColinasLocation: Urban CenterDeveloper: Palladium USAUnits/Type: Two high-rise condominium towers and 50 townhomesNoteworthy: On DART light-rail line and Lake Carolyn • Palladium developed The Grand Treviso and Canal Side LoftsStatus: Planned. To be developed in two phases, with home sales beginning in early 2008

Portrait Homes at La VillitaLocation: La VillitaDeveloper: Portrait HomesUnits/Type: 77 townhomes • 51 in second phaseNoteworthy: Spanish Mission style • Loft and traditional fl oorplansStatus: Some homes in fi rst phase occupied; second phase under construction

Portrait Homes IIILocation: Riverside Drive and La Villita Blvd., southwest cornerDeveloper: Portrait HomesUnits/Type: 107 townhomesNoteworthy: Across Riverside Drive from La VillitaStatus: Planned

Positano Las ColinasLocation: Tuscan Drive and Las Colinas BoulevardDeveloper: North American PropertiesUnits/Type: 170 fl ats, lofts and villasNoteworthy: Villas confi gured as duplexes • Lofts and fl ats in separate mid-rise buildings • Across Las Colinas Boulevard from Citigroup and Fluor campusesStatus: First two phases sold out. Some villas occupied

Riverside VillageLocation: La Villita Blvd. and Riverside DriveDeveloper: HinesUnits/Type: 388 detached homesNoteworthy: Outstanding access to SH 161 and I-635 • To include zero-lot-line homesStatus: Planned for construction start in late fi rst quarter 2008

Villas of Alto Vista Location: Wingren Drive at Alto Vista DriveDeveloper: Randle Custom HomesUnits/Type: 34 detached homesNoteworthy: New development in an established neighborhood near Las Colinas’ southern boundaryStatus: In development

Aloft hotel andadjacent retail center Location: SH 114 and O’Connor Blvd., behind the Flower ClockDeveloper: Champ Hospitality for Starwood Hotels and Resorts (hotel) • Greenway Investment Company (retail)Rooms: 136 hotel rooms in fi ve stories • 30,500 sf of boutique shops and restaurantsNoteworthy: Urban design and loft-inspired hotel rooms • Aloft is the limited-service brand of W HotelsStatus: Under construction

Four Seasons Resort and Club ImprovementsVillas: Adding 34 guest villas to the hotel’s existing 90 villasOther improvements: Adding lagoon-style pool and new tennis show court • Relocating and redesigning Kids for All Seasons • Relocating Racquets restaurant • Renovating guest rooms in hotel towerStatus: Under construction; operations and guest services not affected

New development:Single-family communities

New development: Hotel and retail


Driving the growthWith Las Colinas’ biggest growth surge

since the 1980s under way, these questions arise: Why Las Colinas? Why now?

“Th e evolution of the Urban Center is remarkable to follow,” said Icon Partners’ Rutherford. “Not often do you have an area with a mature brand, a great location, a major airport, established jobs, a rail line on its way, a business-friendly city and thousands of acres of undeveloped land. Th ere’s no other opportunity in the country like it.”

Indeed, Las Colinas’ perennial strengths stand it in good stead: its location in the center of the North American continent and the Dallas/Fort Worth Metroplex, next door to the world’s third-busiest airport; its high development standards and its corporate base, which includes the global headquarters of seven Fortune 1000 companies and over 2,000 more; outstanding access; and its rich complement of business and leisure amenities.

Th e City of Irving and the Las Colinas civic community set the stage for growth with their business-friendly policies and support for high-quality development. “Th e growth Las Colinas is experiencing today is a byproduct of the City of Irving’s leadership — plain and simple,” said Rutherford. “Th eir vision and willingness to work with stakeholders opened the gates for intense growth, where all projects will be built to urban standards and will look and operate better than any others in the Southwest.”

Said Rick Bidne, president and CEO of the Las Colinas Association, the community’s property owners organization: “Las Colinas standards are indeed high, and by design. At the same time, the stakeholders here work to encourage growth — high-quality projects of lasting value that will enhance the community for the long term.”

Th e market demand for close-in housing —and the retail amenities that accompany it —play a role in Las Colinas’ current growth. “Dallas/Fort Worth has grown so much that Las Colinas is not a suburb anymore,”

said Bobby Stewart, principal for CSE Commercial Real Estate. “It’s now considered an infi ll location. Land is available, and prices are relatively aff ordable.”

Th e DART light-rail line has played a major role in the Urban Center development boom. But Las Colinas’ growth is active beyond that area.

“Th e success of La Villita opened everybody’s eyes,” said Stewart. “Not only are the apartments leasing, but the fi rst two developers — Lincoln and AMLI — turned around and sold their projects within months of opening.”

“It’s not a tough decision to develop luxury multifamily in Las Colinas,” said Spencer Stuart, regional partner and senior vice president of Legacy Partners, which built Th e Delano. “Th e area has led in occupancy and rent growth for the last 10 years. Las Colinas has high-quality infrastructure and a strong property owners association that helps maintain value.”

Th e pieces are in place, and development is moving into high gear. Bobby Stewart likens it to a series of stepping stones. “Success breeds success. Good projects make people happy, and they want more. In fi ve years, you won’t recognize the Urban Center.”

“DART and the APT will circle

the Urban Center, giving offi ce

tenants door-to-DFW Airport

service. With the rail and the new

development, the Urban Center

will have more energy and a whole

new feel. Las Colinas is becoming

trendy again.”

RODNEY HELMVice President of LeasingCAPSTAR Commercial

Continued from page B7

Aloft Hotel


LAS COLINAS | OFFICE MARKET

Th e Towers at Williams Square

By CYNTHIA COWENVice President of Business Development

and Leasing, Cousins Properties

If the Las Colinas offi ce market could be described in one word, that word would be momentum.

Th e growing economy has played a major role in Las Colinas’ recovery, and should continue to do so: Dallas/Fort Worth currently leads the nation in job growth, with 91,000 jobs added in the year ending July 2007, according to the U.S. Bureau of Labor Statistics. Even allowing for the downward adjustment that often follows such announcements, the job market is robust. Real estate growth, by nature, lags job growth, so the momentum from current increases should continue well into 2008.

Urban Center growth Th e New Urbanist projects springing up

in the Urban Center ahead of the Dallas Area Rapid Transit line, slated to arrive in the Urban Center in 2011, are already having a positive eff ect on offi ce leasing. Gables Residential and Urban Partners plan to break ground on Water Street, their West Village-style town center on Lake Carolyn, by year’s end. Icon Partners’ Las Colinas Station, another Urban Center mixed-use project, is steadily moving closer to construction. North Shore, on a site across Las Colinas Blvd. from the Irving Convention Center Complex, is on the drawing board. Two luxury apartment communities on the light-rail line, Th e Delano and Bella Casita at Las Colinas, opened earlier this year.

Offi ce tenants are drawn to the Urban Center and its future. First Choice Power, which signed on for 61,400 square feet in Las Colinas Tower II, specifi cally cited its desire to be in a high-growth area as a primary reason for choosing the Las Colinas Urban Center. (Proximity to DFW Airport was another.) Just as the current wave of residential and mixed-use growth in the Urban Center anticipates the DART rail line, offi ce tenants are anticipating the urban atmosphere — and the lofts, shops, restaurants and entertainment venues that will defi ne it.

Other positive infl uences on the market include the completion of the George Bush turnpike, which exponentially increased Las Colinas’ access to the northern suburbs and the opening of DFW Airport’s International Terminal D.

Asset sales, major renovationsConfi dence in the market continues, as

evidenced by the rate of asset sales in Las

Colinas: At least 17 offi ce projects have changed hands since October 2006 (and the previous Dallas Business Journal Las Colinas Special Section). In the previous 12 months,

Momentum,new growth

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Maxim Integrated Products semiconductor facilitySF/Class: 622,000/Clean-room and offi ce spaceBuyer: Maxim Integrated ProductsSeller: Atmel Corporation

125 East John Carpenter SF/Class: 450,000/Class ABuyer: EquastoneSeller: Crescent Real Estate Equities

Sterling CommerceSF/Class: 308,000/Class ABuyer: Wells Real Estate FundsSeller: SBC Asset Management

MacArthur Center I & IISF/Class: 298,200/Class ABuyer: EquastoneSeller: Crescent Real Estate Equities

MacArthur Ridge IISF/Class: 247,000/Class A Buyer: HinesSeller: California State Teachers’ Retirement System

Atrium at Offi ce Center SF/Class: 237,600/Class BBuyer: Pacifi caSeller: Nationwide Life Insurance

Waterway TowerSF/Class: 220,500/Class ABuyer: Cornerstone Real Estate AdvisorsSeller: Bandera Ventures

Las Colinas CommonsSF/Class: 220,300/Class BBuyer: Behringer HarvardSeller: Crow Holdings

Canal Plaza SF/Class: 239,700/Class BBuyer: CBREISeller: Bandera Ventures

500 East John CarpenterSF/Class: 190,000/Class BBuyer: CBREISeller: Verizon

MacArthur PlazaSF/Class: 185,500/Class BBuyer: Falcon SouthwestSeller: Kennedy Associates

Westpoint ISF/Class: 150,000/Class ABuyer: Triple NetSeller: Brandywine Realty Trust

Overlook at Las ColinasSF/Class: 95,500/Class ABuyer: SMA EquitiesSeller: Cornerstone Real Estate Advisors

Gateway West I SF/Class: 64,800 sf/Class B Buyer: Benbrooke Realty InvestmentSeller: Private transaction

Gateway West IISF/Class: 62,500/Class B Buyer: Gateway II InvestorsSeller: Aero Properties

450 East John CarpenterSF/Class: 60,000/Class BBuyer: Big Brothers Big Sisters of North Texas Seller: Legacy Hillcrest Investments

5100 North O’ConnorSF/Class: 50,000/Class BBuyer: EquastoneSeller: Crescent Real Estate Equities

Opus Corporate Center-Las Colinas. 112,000-sf spec offi ce building at 2101 West John Carpenter Freeway. Opus West, developer. Under construction; second 112,000-sf building planned.

Citizenship Immigration Services. 50,000-sf headquarters at SH 114 and Longhorn Drive. Pannatoni Development Company, developer. Under construction.

Offi ce-building sales

New development: Offi ce

Verizon. 253,500-sf extension at MacArthur Ridge I Archon. 152,000-sf corporate headquarters relocation within Las Colinas to The Commons of Las Colinas IIIResearch in Motion. 111,000-sf new lease at Riverside CommonsSprint Nextel. 100,000-sf extension at Riverside CommonsAvelo Mortgage. 97,900-sf new lease at 250 East John Carpenter

Argyle Solutions. 82,600-sf new lease at 7880 Bent BranchFirst Choice Power. 61,400-sf new lease at Las Colinas Tower IIHealth Management Systems. 59,400-sf relocation at Corporate Point Fox Sports Net Southwest. 32,000-sf extension and expansion at 100 East Royal.Franklin American Mortgage. 25,700-sf new lease at The Towers at Williams SquareInterstate Hotels & Resorts. 22,800-sf new lease at The Point at Las Colinas

Lease transactions over 20,000 square feet

MacArthur Ridge I

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at least 18 offi ce buildings sold.Equastone continued the buying spree

it began in 2006, adding a three-building portfolio totaling 798,200 square feet. CBREI acquired two buildings totaling 429,700 square feet, which brings its Las Colinas portfolio to six buildings and 2.4 million square feet.

Almost all Urban Center offi ce buildings are at some stage of a major renovation — recently completed, under way or planned. Th e Urban Center skyline took shape between 1978 and 1988, making the youngest of its offi ce

assets nearly 20 years old. In addition to lobby updates, the typical Urban Center renovation is adding a fi tness center, conference center and café — an amenity package intended to bring buildings in line with market expectations.

Additionally, the former Atmel semiconductor plant — with 622,000 square feet of space on 39 acres of land, sold to Maxim Integrated Products earlier this year.

Market momentumLeasing activity has been strong across a

wide range of tenant sizes. Major leases in-clude Verizon’s 293,500-square-foot exten-

sions at MacArthur Ridge I; Sprint Nex-tel’s 100,000-square-foot extension and Research in Motion’s 111,000-square-foot new lease at the newly remodeled Riverside Commons; Avelo Mortgage’s relocation to 250 East John Carpenter; Argyle Solutions’ move to 7880 Bent Branch; First Choice Power’s headquarters relocation to the re-cently updated Las Colinas Tower II; and Health Management Systems’ relocation to Corporate Point, also newly renovated. Ad-ditionally, a handful of large deals are cir-cling the market.

Rents have taken a defi nite turn upward,

both in the Urban Center and beyond. Occupancy rates are hovering in the low 80s. Th e Towers at Williams Square, considered Las Colinas’ top offi ce project — and traditionally the fi rst to fi ll up when the market rises — has logged over 95 percent occupancy for the last two years.

Occupancy rates are high enough to give developers the itch to build: Opus West is developing the fi rst of two 112,000-square-foot spec offi ce buildings in Las Colinas. Current plans for Water Street, Las Colinas Station and North Shore include a combined 1.3 million square feet of offi ce space, to be


600


built in phases. Th ree “value” offi ce projects are also under construction just outside Las Colinas.

Another round of sublease space is rumored to be on the horizon, but it has yet to appear, and may not.

Th e Dallas County Utility and Reclamation District, or DCURD, which built and maintains much of Las Colinas’ infrastructure, has again reduced its tax rate, this time by 47 cents per $100 of valuation. Last year’s reduction was 26 cents. Continued development and rising property values account for much of the change.

Las Colinas: always strongLas Colinas is 12,000 acres of Class A

offi ce towers, corporate campuses, great neighborhoods, lakes, canals, golf courses, parks and world-class amenities. Th e community has been a magnet for companies large and small since its beginnings more than 30 years ago. Here’s why:

• International access. Las Colinas is located next door to the world’s third-busiest airport, Dallas/Fort Worth International. It’s in the center of the North American continent and in the central time zone.

• Local access. A growing network of freeways crisscrosses Las Colinas, giving easy access to the 3.1 million-person workforce that lives within a 30-minute commute. DART’s light-rail line is scheduled to reach Las Colinas by 2011 on its way to DFW Airport.

• Commitment to excellence. High development and maintenance standards create a superb environment in which to work and live, and they help protect property values.

• Rich amenity base. Heading the list of Las Colinas’ business and lifestyle amenities are four 18-hole golf courses; three country clubs; a Four Star, Five Diamond resort; an equestrian center and polo club; hotels; retail

centers; and more than 75 restaurants. • Corporate community. Las Colinas

is home to more than 2,000 companies, including the global headquarters for seven Fortune 1000 corporations. More than 30 Fortune 500 fi rms have a presence here.

With its traditional strengths and new urban-fl avored growth, Las Colinas off ers the best of both worlds. Look for the development to become Dallas/Fort Worth’s next Place to Be, for both the see-and-be-seen crowd and for relocating companies who want to be near the heart of the action.

Cynthia Cowen serves on the board of directors of the Las Colinas Marketing Alliance. She is vice president of business development and leasing for Cousins Properties.

Offi ce tenants are drawn to the Urban Center and its future. Just as the current wave of growth anticipates the DART light-rail line, tenants are anticipating the urban atmosphere – and the lofts, shops, restaurants and entertainment that will defi ne it.

Mark Dickenson, Cousins Properties. Our activity in Las Colinas has never been better. Prospective tenants tell us how excited they are about the new mixed-use projects and the DART light-rail line. I believe Water Street will have more impact on Las Colinas than any project in the last 20 years. Las Colinas is quickly transforming itself into a premier 24/7 environment.Bill Lokey, CB Richard Ellis. Activity is going gangbusters, and rents have increased in the 25–35 percent range. Deal sizes cover a broad spectrum, with relocations coming from other markets and states. With the new Urban Center projects, the dream of Mr. Carpenter is coming to fruition, and the new developers and landlords are the benefi ciaries.Rebecca Smith, Stream Realty. Overall, the market is healthy. The best buildings are leasing fi rst and seeing nice rent traction. Williams Square is on fi re, and at extremely high rates. Big blocks of space are going quickly. Las Colinas historically is where the Fortune 500 companies hang out, and when they need more space, they need 50,000 square feet. We’re not worried about space — it will be absorbed in the next 24 months.

Rodney Helm, CAPSTAR Commercial Real Estate Services. The scope of offi ce renovations has had a big impact on the market. Everybody’s working hard to remain competitive and get ready for all the new growth in the Urban Center, which is really going to bring new life and big changes. Rental rates are increasing, but are still competitive. Lee Wagner, Grubb & Ellis. The mixed-use developments in the Urban Center are resurrecting Lake Carolyn, a water amenity that doesn’t exist anywhere else. Success will breed success. The City of Irving is very pro-business and has helped bring companies in by fi nding incentives and working with brokers. They create a win-win business environment.Russell Cosby, Magellan Commercial Realty. Currently, there’s good activity, and I expect it to last through 2008. Landlords are trying to push rents, but there’s lots of space, competition, negotiation and adjustment in rates. The Urban Center growth will be a real boost to the offi ce market, and the DART light-rail line will be huge. A tightening of occupancy is ahead.

What they’re saying:Brokers on the Las Colinas offi ce market


LAS COLINAS | SUPPORTING GROWTH

By JOHN M. BONNOTDirector of Economic Development

Irving Economic Development Partnership

When it comes to new devel-opment, the City of Irving means business.

Th is city of 200,000 parlays its prime location into phenomenal growth. Irving is in the heart of the Dallas/Fort Worth Metroplex and the center of the North American continent. It

is home to the world’s third-busiest airport, Dallas/Fort Worth International.

But location alone isn’t enough to produce a boom in high-quality new development. Irving has a forward-thinking, business-friendly city government that doesn’t wait for opportunity’s second knock. And while it actively promotes growth across the city, Las Colinas, with its reputation as America’s Premier Address and its available land, is the area that holds the

most development potential.Working in concert with a coalition of Las

Colinas stakeholders — public and private organizations committed to a common vision — the City rolls up its civic sleeves, looks to the future, and helps pave the way for new Las Colinas development projects that will strengthen the entire city and increase its tax base.

Additionally, the City holds a strong commitment to supporting relocating and

expanding companies — and works hard to support existing businesses, with the aim of giving them ample reason to stay here.

To illustrate the City’s commitment to high-quality growth, and with apologies to my favorite late-night talk show host, we present…

The Top 10 Ways the Irving-Las Colinas Community Supports Development

10. It gets on board with light rail. Th e City made an unprecedented $60 million commit-ment to bring a DART light-rail line through Ir-ving, when DART’s initial plans skirted the city. It then commissioned a land-use study to max-imize development potential along the line, and built Lake Carolyn Parkway to open up land for development along the planned rail line.

Already, over $1.4 billion in new development projects are in place, under construction or fi rmly planned near the rail line.

9. It puts its money where it counts. Additionally, the City made a $52 million com-mitment to build the infrastructure necessary to make Water Street a success: a parking garage and plaza, reclamation of land for an esplanade,

Business-friendly Irving’s Top 10 waysto facilitate new development

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and reimbursement of lakeside improvements. Th is public-private partnership facilitates a proj-ect that will add an estimated $375 million to the city’s tax base.

Th e City has also partnered with the Great-er Irving-Las Colinas Chamber and Irving Convention and Visitors Bureau on an award-winning marketing center whose high-tech presentations give developers and decision makers the information they need to bring their business to Irving-Las Colinas.

8. It is developing a convention center complex. To further respond to business de-mands and grow the local hospitality industry, the Irving Convention and Visitors Bureau is developing a meeting complex and master-de-veloping an adjacent hotel and entertainment district, all in the northern section of the Las Colinas Urban Center.

7. It offers incentives and infrastructure reimbursements. Th e City off ers tax incentives for high-quality development, for relocations, and for existing businesses that are undertaking signifi cant expansions. Likewise, the Dallas County Utility and Reclamation District, or DCURD, whose jurisdiction covers about one-third of Las Colinas, off ers tax abatements for new development.

Th rough a tax increment fi nance district, or TIF, the City reimburses developers for certain infrastructure costs. Since its creation in 1999, the TIF has entered into reimbursement agreements totaling $15 million.

6. It supports wise changes to Las Co-linas’ master plan. Twice in the last year, members of the Las Colinas Association vot-ed overwhelmingly to approve changes to the community’s supplementary declarations that will allow mixed-use development.

5. It zones for progress. Irving has created transit-oriented development zones around the planned stations along the DART light-rail line in order to create the vibrancy and high-density of a true urban area. It grants zoning variances to encourage high-quality growth — like the narrow streets and shallow setbacks that make La Villita, a traditional neighborhood community in northeast Las Colinas, a walkable environment.

4. It strikes while the development iron is hot. Th e City expedites development projects — and the infrastructure that supports them. It has a full-time development coordinator who sees each project through from beginning to end.

Platting, zoning, permitting, approvals — all are fast-tracked to get dirt moving and walls rising in the shortest timeframe possible. Example: Fluor Corporation, which relocated its headquarters to Las Colinas in 2006, was able to occupy its 136,000-square-foot campus only nine months after announcing its plans to move.

Th e Las Colinas Association, whose archi-tectural review committee approves plans, also works to move plans forward quickly — while maintaining the development standards that defi ne Las Colinas.

3. It works cooperatively with de-velopers and other stakeholders. Th e late 1990s saw the rise of an active coalition of Las

Ben Carpenter loved the land that is Las Co-linas. And in tribute to the man whose vision and commitment shaped this development, the Las Colinas community and the Carpen-ter family are creating the Ben H. Carpenter Monument at Founders Park.

Set in a grove of oak trees at the south-east gateway to Las Colinas, the monu-ment’s centerpiece will be a twice-life-size bronze sculpture of Mr. Carpenter, cre-ated by Robert Glen, the Tanzania-based wildlife artist best known locally for the iconic Mustangs of Las Colinas at Wil-

liams Square. The statue was commis-sioned by the Carpenter family.

The sculpture will stand at the center of a crescent-shaped limestone plaza facing Lake Carolyn. The story of Mr. Carpenter’s life and his vision for Las Colinas will be carved on limestone blocks at either end. Colorful gardens will surround the plaza.

The monument, which is scheduled to open November 9, is being developed by the nonprofi t Las Colinas Parks Foundation. Founders Park is owned and maintained by the Las Colinas Association.

The Ben H. Carpenter monument

“It’s phenomenal the way the City of Irving and the Las Colinas community have come together. They’ve stepped up, forged a vision and created the spark we’re all working for. We couldn’t do what we’re doing — delivering high-rise living — without them. Combine their work in Las Colinas with the South Irving initiatives, and you can see a lot of leadership.” — Paris Rutherford IV, President, Icon Partners, developer of Las Colinas Station

“The City has bent over backwards to get Water Street off the ground. They’ve worked with us on zoning variances and have become a co-investor, creat-ing a true public-private partnership to bring quality retail into Las Colinas and Irving.” — Tom Bakewell, Regional Vice President, Gables Residential, developer of Water Street

“It’s been great to work with the City of Irving and other groups in Las Colinas, who’ve supported us in bringing high-end residential communities to Las Coli-nas. They understand that increasing the residential base with high-quality projects will create signifi cant demand for retail and other commercial development. There are a lot of positive things happen-ing out here, and we are excited to be a part of it.” — Rob Witte, Vice President, Hines, which bought a 600-acre portfolio of Las Colinas land in 2005

What they’re saying:Developers onIrving-Las Colinas


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LAS COLINAS | SUPPORTING GROWTH

Colinas players — the City, its TIF, the Las Co-linas Association, DCURD, the Irving Conven-tion and Visitors Bureau, the Greater Irving-Las Colinas Chamber, the Las Colinas Marketing Alliance and Las Colinas property owners. All hold a common vision: Bring development with lasting value to Las Colinas. Th e atmosphere of cooperation makes Irving-Las Colinas a develop-er-friendly environment.

2. It enjoys the benefi ts of sound fi -nancial management. Irving is one of only two cities in Texas to hold AAA bond rat-ings from both Moody’s and Standard and Poor’s. And DCURD refi nanced debt this spring that will save $6.5 million over the life of the loan — which is now a year short-er. Th e district also lowered its tax rate by 47 cents for 2007.

1. Its Economic Development Partner-ship gets the job done. Th e City’s econom-ic development team is led by the Greater Ir-ving-Las Colinas Chamber’s Economic De-velopment Division. Members include the City, Las Colinas Marketing Alliance, and Irving Convention and Visitors Bureau.

Th e ED Partnership works behind the scenes to coordinate incentives, support relocations, retentions and development. It helps clients develop strong relationships in Irving-Las Colinas, and maintains close contact with real estate professionals. Th e ED Partnership is the oil that keeps Irving’s economic development machine running smoothly, and prides itself on the personal service and Texas hospitality it brings to the City’s clients and partners.

Th e partnership is earning its keep — and

much more. A recent study revealed that the investment of the City and its economic development partners yields a return of almost 6,000 percent in new employee income, retail sales and taxes.

Th e vision and commitment of the Irving-Las Colinas community paved the way for the current wave of development in Las Colinas. And through its foresight and hard work, it is helping to transform the landscape of America’s Premier Address.

John M. Bonnot is director of economic development for the Irving Economic Development Partnership

Civic stakeholders in Las Colinas play an active role in the community’s success — both in terms of the development’s day-to-day operations as well as its aspirations for the future. Most are known by their acronyms. Here is a serving of alphabet soup, Las Colinas style.

• The City: The City of Irving. Offers tax incentives • Coordinates and expedites permitting and approvals • Constructs and expedites infrastructure • Enters public-private partnerships to support quality growth • Supports zoning variances that support vital (and compatible) development • The ED Partnership: The City’s economic development team, led by Greater Irving-Las Colinas Chamber’s Economic Development Division. Contracted by the City for economic-development services • Coordinates incentives • Assists with site selection • Coordinates community resources for staffi ng and training • Facilitates networking • Supports existing companies to encourage business retention • Maintains strong relationships in the commercial real estate community• The TIF: Irving Tax Increment Finance District No. 1. Offers reimbursements to developers for selected infrastructure costs • Participates in selected City roadway projects • Developed standards for community-oriented projects in the Urban Center • The LCA: The Las Colinas Association. Las Colinas’ property-owners association • Upholds development standards • Maintains Las Colinas parks and common areas • Provides security patrols and alarm monitoring • Advocates for its members • Maintains active community-relations program • Voted in changes to supplementary declaration to promote Las Colinas mixed-use development• DCURD: The Dallas County Utility and Reclamation District. Built, and now maintains, much of Las Colinas’ infrastructure, particularly its lakes and canals • Oversees the Area Personal Transit system (commonly known as the monorail) and gondola service on Lake Carolyn • Runs water-reuse program for watering medians and corporate campuses • Oversees electricity aggregating program to reduce power costs • Supported by property taxes • Offers generous, consistent abatements through a simple application and approval process• The ICVB: The Irving Convention and Visitors Bureau. Promotes Irving-Las Colinas as an attractive destination • Supports the area’s visitor-oriented economic development through creative use of its resources and relationships within the hospitality industry • Is developing a convention center and master-developing an adjacent hotel and entertainment district • The LCMA: Las Colinas Marketing Alliance. Mobilizes partners in Las Colinas’ civic and business communities to promote the development • Participates in the ED Partnership • Supports commercial brokers with Las Colinas market intelligence • Produces and distributes marketing materials • Partners with the Dallas Business Journal to sponsor the annual special section on Las Colinas

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LAS COLINAS | ACCESS

What a diff erence a train makes.

Years ahead of the arrival of Dallas Area Rapid Transit’s light-rail line in the Las Colinas Urban Center, new development is blossoming. Two urban town centers are planned — one to break ground later this year, and the other slated to begin construction in mid-2008. A convention center complex is under way, and a luxury multifamily community — the fifth to be built along the line in the last 18 months — is under construction.

Well over $1 billion in new development projects are completed, under construction or fi rmly planned near the line — which isn’t even scheduled to reach the Urban Center until 2011.

Seeing orangeDART’s Orange Line, which will connect

Las Colinas to downtown Dallas and Dallas/Fort Worth International Airport, is under construction. “You can see the work east of I-35E near Mockingbird Lane, along the Union Pacific line,” said Jim Hoppie, project manager for DART’s Northwest Corridor. “The Orange Line runs with the Green Line [to Carrollton] here, then splits off at what will be Bachman Station, north of Dallas Love Field.” The line is slated to reach the Las Colinas Urban Center by 2011 and DFW Airport by 2013.

Th e Orange Line will run from downtown Dallas’ Pearl Street Station to Terminal A at DFW Airport, where it will connect with Skylink, the high-speed train that links the airport’s terminals.

Th e line will give direct access to the University of Dallas; the Texas Stadium area, where redevelopment plans call for a major mixed-use hub with retail, offi ce and residential components; Dallas Love Field, a major regional airport and home to much of the area’s fl eet of corporate aircraft; and Dallas’ medical center district, market district and Victory Park. Connections will take riders to Fair Park, Mockingbird Station and other stops on DART’s rail system.

Five stations are planned for Las Colinas: • Lake Carolyn Station, at Lake Carolyn

Parkway and North O’Connor Blvd. Th is is the site of the Las Colinas Urban Center’s most intense — and highest-density — development. Las Colinas Station is sited directly across Lake Carolyn Parkway, and Water Street, a West Village-style town center, will be about a block away on North O’Connor.

At Lake Carolyn Station, the light-rail line will connect with Las Colinas’ Area Personal Transit system, or APT, commonly known as the Las Colinas monorail. Th e APT connects several Urban Center offi ce buildings and the Mandalay Canal Walk, and will be integrated into the design of Water Street.

• North Las Colinas Station, near Northwest Highway and the extension of Las Colinas Blvd. Th is stop will provide easy access to Irving’s convention center complex, a meeting facility whose master plan includes a hotel and an entertainment district on an adjacent site. Nearby, North Shore, a mixed-use development, is slated to be built.

• Carpenter Ranch Station, near SH 114 and Hidden Ridge Drive. Th e stop is named for the ranch where Ben H. Carpen-ter, Las Colinas’ original developer, lived for most of his life. Verizon’s campus is also lo-cated nearby, and early plans for a mixed-use development are under way.

• North Lake College, near MacArthur Blvd, to serve students at this community college in Las Colinas.

• South Las Colinas, in the south end of the Urban Center, is planned for a future phase.

Commitment to rail, commitment to growth

Neither a rail line nor a development boom happens by accident. Th e City of Irving has worked hard to facilitate both, beginning with the unprecedented $60 million commitment it made in 1999 to bring the DART light-rail line through Irving. Since then, it has:

• Completed a land-use study to maxi-mize development along the rail route

• Created a tax increment fi nance district to reimburse certain infrastructure costs

• Expedited roadway construction to open land for development

• Created transit-oriented development zones to foster high-density development

• Entered into a public-private partner-ship to develop infrastructure for Water Street, a planned town center

• Begun developing the convention cen-ter complex

“Th e City of Irving supports high-quality development and is willing to work with developers to make it happen,” said David Leininger, Irving’s managing director of development services. “We’re responsive to their needs, and we are actively marketing the area to bring the kind of growth that will be a lasting asset for the city.”

Paris Rutherford, president of Icon Partners, which is developing Las Colinas Station, sees the benefits of the City’s stance. “To go from a greenfield to an urban village with densities equal to or greater than anyplace in the Southwest — and to get it in place in six to eight years — is nothing short of remarkable,” he said. “The City of Irving’s commitment to rail and quality urban development is making this possible.”

Living locally, traveling globallyLas Colinas is located on the doorstep of

the world’s third-busiest airport, Dallas/Fort Worth International. Coupled with its central location on the North American continent, DFW Airport gives Las Colinas residents outstanding access to major business centers across the United States and the world.

Th e airport off ers nearly 1,900 fl ights each day, with nonstop service to 135 domestic and 39 international destinations. DFW Airport’s International Terminal D, which opened in 2005, has increased access and streamlined the process of international

departures and arrivals.Dallas Love Field is about a 10-minute

drive from Las Colinas.“Proximity to both airports was a key

element in our decision to move First Choice Power to Las Colinas,” said Jeff rey Weiser, president of First Choice Power. “Th e access it off ers will help position us for the aggressive customer growth — and simply better customer service — that is our goal.”

Las Colinas is also located at the center of the Dallas/Fort Worth Metroplex. It is crisscrossed by a network of six major freeways, which continues to expand. Downtown Dallas is a 15-minute drive from Las Colinas, and all major Metroplex business centers are within 30 minutes.

Th e opening in 2005 of SH 161, the Bush Turnpike, dramatically increased access to Dallas County’s northern suburbs, where a signifi cant — and highly educated — slice of North Texas’ workforce lives. Th e roadway has had a positive eff ect on the offi ce market, say local brokers. “I’ve done deals where the decision maker lived in the north,” said Lee Wagner, vice president for Grubb & Ellis. “Completing the Bush Turnpike has been good for business in Las Colinas.”

Expansion plans are under way for SH 114, SH 161, SH 183 and Loop 12.

The forward-thinking City of Irving understands that location, location, location is nothing without access, access, access. “Our goal is a holistic solution for transportation needs,” said Jim Cline, Irving’s public works director. “We’re working to bring about transit and roadway projects that will serve citizens for many years to come.”

Light-rail line headed for Las Colinas

While the planned DART light-rail line takes center stage in Las Colinas’ development outlook, other major transportation projects are shaping its future as well:

• SH 161/President George Bush Turnpike. The last leg of SH 161 between Las Colinas and Garland was completed in September 2005, giving the development’s corporate base expanded access to the northern suburbs. The extension of the roadway from SH 183 south to I-20 is under construction.• Spur 348/Northwest Highway. To accommodate the DART light-rail line, the Spur 348 interchange at SH 114 will be constructed over Las Colinas Boulevard. The fi nal leg of Las Colinas Boulevard will be built, creating a direct link between SH 161/IH-635 and the Urban Center. Completion is expected by the fall of 2008.• SH 114/John W. Carpenter Freeway. Work on the interchange at Loop 12 and widening the roadway between Loop 12 and Rochelle Boulevard is scheduled to begin in early 2008. The widening of SH 114 from Rochelle to SH 121, north of DFW Airport, is under environmental study.• Lake Carolyn Parkway. The northern leg of this Urban Center roadway should be completed by the fall of 2008.• Light-rail connections at DFW Airport. DART’s light rail line will enter DFW Airport at the north end, travel along the east side of International Parkway, and connect with Skylink, buses and shuttles in a station at Terminal A. Baggage will be checked before passengers enter the Skylink system. The light-rail line is scheduled to be completed by 2013. The Fort Worth Transportation Authority is considering bringing a commuter rail line into the airport on the west side of International Parkway, to terminate at a similar multi-modal station.• Texas Stadium interchanges. SH 114, SH 183, Loop 12 and Spur 482 interchanges at Texas Stadium will be revamped to accommodate the DART light-rail line, increase capacity and add HOV lanes. Completion is planned for 2012, at which time expansion of SH 183 will begin. In the meantime, congestion mitigation projects are underway on SH 114 and Loop 12.

Las Colinas Transportation Projects


LAS COLINAS | EDUCATION

If education is the cornerstone of success, then Las Colinas’ contin-ued achievement is ensured: Th e

community and its residents are well supported by a wealth of colleges and universities, as well as public, private and charter schools, that meet the edu-cational needs of the community.

Th ese schools off er a broad range of services: MBAs, work-force training and professional de-velopment. Graduate and undergraduate educa-tion. Technology training. Internships. And of course, a fi rst-rate education for children whose parents live or work in Las Colinas.

And the support is mutual. Many Las Coli-nas companies and businesspeople play an active role in the community’s schools, whether advis-ing on curriculum, serving as adjunct professors or off ering mentoring programs and internships to local students. Th e Greater Irving-Las Coli-nas Chamber, through its Education Commit-tee, has begun an initiative to strengthen and support Irving ISD’s schools. Th e goal: for Ir-ving ISD to achieve the Texas Education Agen-cy’s “recognized” status. Th e committee works with schools to identify needs and to boost cur-ricula — particularly math, science and technol-ogy — that ensure not only a high-quality ed-ucation, but a well-prepared workforce. Th e group also actively promotes the achievements of the district and its students.

Here is an overview of colleges, universities and secondary schools in and near Las Colinas:

Colleges and universities• DeVry University: Technology and busi-

ness. Geared to working professionals as well as full-time students, DeVry, which celebrated its 75th anniversary last year, off ers undergradu-ate and graduate degree programs in technology, business and management. Located just west of Las Colinas in DFW Freeport, DeVry and its Keller Graduate School of Management have developed several partnerships within the local business community. Advisory councils made up of industry leaders review curriculum and help keep DeVry current on needs and trends. Businesses can recruit on campus, and business

leaders frequently serve as adjunct teachers and guest lecturers. DeVry’s required senior projects have contributed more than a half-million dol-lars in services to local nonprofi t organizations and businesses through network design, soft-ware creation and other technology-related proj-ects. (www.devry.edu)

• North Lake College: Workforce train-ing, community setting. In addition to the broad range of degrees and professional cer-tifi cates it off ers, North Lake College special-izes in workforce development and corpo-rate training. North Lake’s staff can analyze a company’s training programs, identify gaps, then design and implement the means to fi ll them — from individual courses to a “corpo-rate academy.” Continuing-education and for-credit courses help keep the local workforce

prepared. North Lake, located in Las Colinas, is part of the Dallas County Community Col-lege District. Th e school celebrated its 30th anniversary this summer by breaking ground on its new Sciences and Medical Professions building, scheduled to open in January 2009. (www.northlakecollege.com)

• The University of Dallas: Liberal arts and MBAs. Th e Catholic-affi liated Univer-sity of Dallas, adjacent to Las Colinas, fea-tures a core curriculum rooted in liberal arts education. Consistently ranked by the Dallas Business Journal as the most popu-lar MBA program in Dallas/Fort Worth, UD’s Graduate School of Management attracts students from around the world, as well as from across North Texas. Th e school brings on-site MBA classes — or

Las Colinas home to award-winning schools

Northlake College

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means belonging to one of the Dallas area’s most prestigious private clubs. The club recently reopened its championship golf course after a $2 million renovation including new bentgrass greens, pristine white sand traps and improved cart paths. Indoor and outdoor tennis courts, athletic center and olympic size pool compliment the golf course. Spacious rooms with views of the surrounding lake, course and Dallas skyline accommodate events from corporate meetings to elaborate weddings. Members also have the opportunity to enjoy privileges at the Dallas Fort Worth Society clubs, as well as nearly 200 associate clubs worldwide.

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LAS COLINAS | EDUCATIONthe entire program — to local companies, and tailors classes to fi t local fi rms’ train-ing needs. In 2003, the National Security Administration accredited UD as a Center of Academic Excellence in Information As-surance. Last year, the school celebrated its 50th anniversary and the 40th anniversa-ry of its Graduate School of Management. (www.udallas.edu)

• The University of Phoenix: Adult educa-tion. Th e country’s largest private university, the for-profi t University of Phoenix opened a cam-pus adjacent to Las Colinas in 2003. Th e college, which is geared to professionals, off ers graduate degrees in business administration and manage-ment, as well as undergraduate degrees in busi-ness and technology fi elds. Classes are held at night and on weekends. Courses are off ered se-quentially in six-week periods to allow students to take a full load with fewer classes per week than a traditional schedule requires. (www.uni-versityofphoenix.com)

Secondary education• The Academy of Irving ISD: Real-world

education. Situated beside North Lake College in Las Colinas, this state-of-the-art high school incorporates real-world labs into areas of special-ization that include technology, hospitality, legal studies, marketing, and visual arts and commu-nications. Partnerships with local businesses of-fer opportunities for job-shadowing, internships and mentoring in students’ career areas. Th e Academy is open to all Irving ISD students and off ers college-level studies through North Lake College. All Irving ISD high school students are

issued laptops. (www.irvingisd.net/academy)• Cistercian Preparatory School: Rigor-

ous classical education. Located on 62 acres adjacent to Las Colinas, this all-boys Catho-lic school educates its students in the classi-cal European tradition. Cistercian off ers boys in grades 5–12 a rigorous, integrated honors curriculum with an intensive focus on person-al and spiritual growth. Th e school’s student-teacher ratio is 8:1, and 70 percent of its fac-ulty holds advanced degrees. Sixty-eight per-cent of the school’s graduating classes since 2004 received National Merit recognition. (www.cistercian.org)

• The Highlands School: Among the top 50 Catholic High Schools. In 2005 and 2006, Th e Highlands School was named to the Acton Institute’s Catholic High School Honor Roll as one of the top 50 Catholic secondary schools in the U.S. Set on 35 wooded acres adjacent to the University of Dallas and Las Colinas, this Cath-olic school off ers a rigorous college-preparatory program with a philosophy of integral forma-tion: Each student is nurtured in his or her in-tellectual, spiritual, apostolic and character de-velopment. Boys and girls work in separate schools beginning in fourth grade to encourage deeper classroom involvement. Th e school val-ues the diverse cultural backgrounds of its stu-dents, who come from more than 20 countries and speak more than 10 native languages. (www.thehighlandsschool.org)

• MacArthur High: Blue Ribbon and “Best of the Best.” Located south of Las Colinas, MacArthur High holds the coveted 21st Century School of Distinction “Best of the Best” Award and has been named by

the U.S. Department of Education as a Blue Ribbon School. MacArthur High facul-ty and staff strive to maintain a culture that supports the needs of students, both aca-demically and personally. Each student is as-signed a faculty mentor who works with him or her through all four years at the school to create an individual education plan that sup-ports maximum achievement. Technology has been thoroughly integrated into teach-ing and learning, and all students, teachers and administrators are provided with lap-tops. (www.macards.com)

• The North Hills School: One of News-week’s best. In 2006 and 2007, North Hills ranked in the top 15 of Newsweek’s 100 Best High Schools in America. Serving grades 1–12, North Hills in Las Colinas is a college-preparatory, liberal arts charter school whose approach to education pro-motes critical thinking, creative thought-processing and community service. Found-ed in response to the area’s multinational population, North Hills integrates an in-ternational focus into its curriculum and activities, and off ers the International Bac-calaureate Diploma Programme. Th e stu-dent-teacher ratio is 14:1. (www.tnhs.org)

• Ranchview High School: Focus on tech-nology. Th e newest high school to serve Las Colinas, Carrollton-Farmers Branch ISD’s Ranchview High graduated its fi rst class in May 2006. Th e school boasts one computer lab for every fi ve classrooms and one comput-er for every three students. Its approach to ed-ucation stresses scholarship, service and lead-ership. Located just north of Las Colinas on a

lakeside campus, Ranchview off ers major ath-letic programs, fi ne arts and advanced-place-ment classes in a sunlit building set on 50 acres in Valley Ranch. (www.ranchviewcs.org/ranchviewwebsite)

Dallas-Fort Worth–area collegesThe Dallas/Fort Worth area is home to several colleges and universities, as well as three community college districts. Four-year colleges and universities within an hour’s drive of Las Colinas include:

• Amberton University• The College of

St. Thomas More• Dallas Baptist University• Northwood University• Paul Quinn College• Southern Methodist University• Texas Christian University• Texas Wesleyan University• Texas Woman’s University• The University of Dallas• The University of North Texas• The University of Texas

at Arlington• The University of Texas

at Dallas

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LAS COLINAS | LIFESTYLE

Here’s an overview of Las Colinas’ single-family neighborhoods:• Cottonwood Valley. The Four Seasons’ Cottonwood Valley Golf Course meanders through this gated upscale single-family neighborhood; the resort’s Tournament Players Course is across the street. (www.cottonwoodvalley.com. and www.fourseasons.com/dallas/golf)• Country Club Place. This gated condominium-and-townhome community is adjacent to Las Colinas Country Club and features views of the club’s golf course and lakes. • The Grand Treviso. Las Colinas’ fi rst

high-rise residential tower is located on the Mandalay Canal in the Urban Center. Amenities include a cigar lounge, garden terrazzo with children’s play area, and concierge and valet services. (www.grandtreviso.com) • Fairway Vista. On the Tournament Players Course, this gated neighborhood —one of Las Colinas’ newer enclaves — features both single-family homes and townhomes. • Fox Glen. A fairway of the Las Colinas Country Club winds through this well-established gated community of about 90 detached homes and a sprinkling of townhomes. (www.foxglen.org)• Hackberry Creek. The homes in this gated community, Las Colinas’ largest

residential village, range from moderately priced to high-end. The Hackberry Creek Country Club’s golf course curves through the heart of the neighborhood. (www.hackberrycreek.org) • La Villita. Las Colinas’ newest village, La Villita is an innovative community based on traditional neighborhood design. The northeast Las Colinas village has 225 detached single-family homes, with 144 more in the works. Recently completed or under construction are 128 townhomes and 95 condominiums. The community is centered on a 30-acre lake and has promenades and parks throughout. (www.lavillitalife.com) • Mandalay Place. This smaller, private village is made up entirely of zero-lot-

line homes.• Quail Run. This gated community, one of Las Colinas’ fi rst, offers moderately priced condominiums and a few apartments.• University Hills. Both upper-end and more moderately priced homes make up this large neighborhood, which was one of Las Colinas’ fi rst single-family developments. (www.universityhills.net)• University Park. This gated village is a favorite of young couples and empty nesters. • Windsor Ridge/The Enclave. Many of Las Colinas’ executive homes are found in this gated community on the Tournament Players Course.

Source: The Las Colinas Association

Las Colinas’ residential ‘villages’Conceived as a series of neighborhoods with an urban core, Las Colinas has 18 residential villages — many situated to take advantage of golf-course views. Multimillion-dollar homes in gated communities are plentiful, and housing options extend through mid-range without sacrifi cing quality.

As Las Colinas welcomes new waves of residential development, new communities of for-sale homes will soon be opening. The Lakes of Las Colinas and Riverside Village, both high-end neighborhoods under development by Hines, should see move-ins by the end of 2008. Planned mixed-use projects in the Urban Center include condominiums and townhomes. And the Grand Treviso, a highly successful residential tower, is has converted from luxury apartments to condominiums.

Business may drive Las Colinas, but lifestyle defi nes it. While this 12,000-acre master-

planned community is best known as a corporate mecca, it also is an ideal place to enjoy life after work.

Th e community is a popular leisure destination, thanks to its four championship golf courses; three country clubs; a Four-Star, Five Diamond resort; and a plentiful — and growing — selection of restaurants, shops and hotels. To complete the picture, Las Colinas boasts outstanding schools and a variety of housing options — from urban lofts to mansions.

A tale of three (or so) citiesLas Colinas is located in Irving, a city

that supports two symphony orchestras and an arts center that has been named by D Magazine as “The Best Arts in the Burbs.” Also within easy driving distance are Dallas and Fort Worth’s acclaimed museums, performance halls, symphony orchestras, and opera, theater and dance companies.

For more pop-culture tastes, the two metropolitan areas have vibrant entertainment districts: the West Village in Dallas, and Sundance Square and the Stockyards in Fort Worth.

Professional sports, too, are synonymous with the area: Irving’s Texas Stadium, where the Dallas Cowboys have played since 1971, is a stone’s throw from Las Colinas. (As the Cowboys get ready to move in 2009, the City of Irving is preparing for Texas Stadium’s

next incarnation as a part of a 468-acre mixed-use development, capitalizing on its location at the third-busiest intersection in Dallas/Fort Worth.) A 15-minute drive away is American Airlines Center, where the Dallas Mavericks, Dallas Stars, and Dallas Desperados play. Th e Texas Rangers are headquartered in Arlington, and NASCAR races are held at Texas Motor Speedway, both within 30 minutes of Las Colinas. Th oroughbreds and quarter horses race at Grand Prairie’s Lone Star Park, about 15 minutes away.

Shopping and diningIn keeping with Dallas/Fort Worth

tradition, Las Colinas off ers excellent places to shop and dine. Th e community has three major retail venues, plus neighborhood shopping centers. Additionally, the development is within 20 minutes of the upscale Dallas Galleria and NorthPark Center, Southlake Town Square, as well as Grapevine Mills, an outlet mega-mall. Irving Mall is 10 minutes away.

Las Colinas off ers an abundant selection of

restaurants — more than 75 in all, ranging from Texas barbecue to Asian fusion, casual to elegant, fast-food to gourmet.

And with Water Street, Las Colinas Station and several residential communities on the horizon, Las Colinas is expected to become not only a retail and restaurant destination, but the next Place to Be in the Dallas/Fort Worth Metroplex. (Please see “New town centers, residential surge mark Las Colinas’ renaissance” on page 4.)

Here is a sampling of what life in Las Colinas has to off er.

Living well in Las Colinas

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Th e Mandalay Canal Walk



Las Colinas’ apartment communities offer high-quality residences for those who seek a rich array of amenities and freedom from home ownership. The newest are:

• Bella Casita at Las Colinas. With a trendy retro exterior and a long list of amenities, Bella Casita on Lake Carolyn offers the luxe life in the Las Colinas Urban Center. Located along the future DART light-rail line, Bella Casita offers 268 apartments and features a resort pool, Lake Carolyn views, a 24-hour fi tness center and a tanning center. The community opened this summer. (www.bellacasita-apartments.com)• Canal Side Lofts. High-toned and trendy, Canal Side Lofts opened on the Urban Center’s Mandalay Canal in 2006. The four-story community offers 306 urban lofts, some with enclosed bedrooms. Amenities include a fi tness center with boxing ring, an outdoor movie theater and a meditation room with a fi replace. (www.canalsidelofts.com)• The Delano. One of the Urban Center’s newest multifamily projects, the Delano brings South Beach fl air to Las Colinas with 258 upscale apartment homes wrapped in an Art Deco package. Situated on North O’Connor and Lake Carolyn Parkway within walking distance of a planned DART light-rail station, the Delano offers individual garages and centers for tanning, fi tness, yoga and aromatherapy. (www.delanostyle.com) • The Lofts at Las Colinas. The fi rst apartment community to open along the future DART light-rail line, The Lofts at Las Colinas is upscale and urban. Situated next door to Williams Square, the complex, with its neo-Art Deco exterior, has 341 lofts. Amenities include a 36-seat theater, a video game room and a demonstration kitchen for cooking classes with local chefs. (www.loftsatlascolinas.com)

Luxury rental communities

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With three country clubs, four championship courses and a golf school, Las Colinas is a golfer’s dream. Here’s an overview of the community’s offerings:• Tournament Players Course and Cottonwood Valley. Part of the Four Seasons Resort and Club, the TPC and its companion course, Cottonwood Valley, are home to the EDS Byron Nelson Championship, a major PGA Tour event. This 36-hole complex is widely considered one of the fi nest golf facilities in the United States. In 2006, the Four Seasons redesigned several holes on the Cottonwood Valley course, created a one-acre lake by TPC’s No. 18

fairway, and expanded the pro shop, club house and member dining facilities. This year it is performing an $8 million redesign of the TPC. (www.fourseasons.com/dallas) • The Byron Nelson Golf School. Relationship-building is one of the primary goals of the Four Seasons’ Byron Nelson Golf School, which was created for the resort’s corporate clients. The school’s three-day workshops feature expert golf instruction and offer an opportunity for executives to relax with clients or colleagues. (www.fourseasons.com/dallas) • Las Colinas Country Club. Rolling hills, valleys and water hazards offer challenges to golfers of all skill levels, and views of the Las Colinas Urban Center and Downtown Dallas add to the club’s appeal. Designed by Joe Finger in 1963, the course underwent a $2

million renovation in 2005 that revitalized its greens and bunkers while maintaining the integrity of its original design. (www.lascolinascc.com)• Hackberry Creek Country Club. A favorite among some of the best golfers in the area, this course, which was designed by Byron Nelson, offers a demanding assortment of hills, bunkers and water hazards. The course ambles through the Hackberry Creek residential village. (www.hackberrycreekcc.com)• L.B. Houston Golf Course. One of Dallas’ fi nest public courses is adjacent to Las Colinas, offering an alternative to country-club golf. L.B. Houston’s varied-terrain course features beautiful tree-lined fairways that run along the pristine Elm Fork of the Trinity River. (www.lbhouston.com)

Las Colinas: A golfer’s paradiseOn the Tournament Players Course

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Las Colinas has over 75 restaurants. Here is a sampling:

• Bistro Fiera. Southwestern and traditional favorites are served beside Lake Carolyn at the Dallas Marriott Las Colinas. (www.marriott.com/property/propertypage/DALCL)• The Blue Fish. Sushi at its most creative is the signature of this hip restaurant in Las Colinas Village. Other Japanese fare shines as well, offering outstanding options for the sushi-challenged. (www.thebluefi shsushi.com)• Café at Williams Square. A new eatery at the landmark Towers at Williams Square offers something for everyone — a pizzeria, daily grill selections, comfort foods, deli offerings and a Starbucks coffee bar. Dine indoors or on the plaza.• Café Cipriani. Northern Italian cuisine and gracious service are the hallmarks of this perennial Urban Center favorite on the Mandalay Canal. Café Cipriani was named as one of America’s Top Italian Restaurants in Zagat’s 2007 Survey. (www.cafecipriani.com) • Café on the Green. Besides offering a view of the Tournament Players Course, this Las Colinas favorite at the Four Seasons Resort and Club is known for its lunch buffet and desserts. The restaurant received AAA’s Four Diamond Award this year. (www.fourseasons.com/dallas)• Cool River Café. Texas Hill Country décor graces this spacious restaurant whose menu features New American Cuisine with a Texas inspiration. Cool River has won Wine Spectator magazine’s “Best Of” Award of Excellence every year since 2004, and boasts

an enclosed cigar and cognac lounge. (www.coolrivercafe.com)• Granada Market. Cozy neighborhood deli in the heart of the Urban Center. Serves breakfast and lunch, with fresh pastries, pastas and Greek dishes. Market includes gourmet items, imported tobacco and cigars. Outdoor tables for dining and people-watching. (www.granadamarket.com)• I Fratelli. The four Cole brothers serve up authentic Italian cuisine in a warm, relaxed atmosphere. They also deliver Las Colinas residents’ favorite pizza. (www.ifratelli.net) • The Keg Steakhouse & Bar. Steak, prime rib and seafood take center stage in this

comfortable Las Colinas Village eatery. (www.kegsteakhouse.com)• La Cima Club. This elegant private club on the 26th fl oor of The Towers at Williams Square serves up panoramic views of Las Colinas and the Metroplex that are as enjoyable as its food and service. (www.lacimaclub.com)• La Joya. True to its name, this upscale Mexican restaurant is indeed a jewel. Richly colored interiors tease the palate, which is soon satisfi ed by fl avors inspired by the traditional cuisine of the Mexican state of Michoacán. • Mayuri Indian Restaurant. Both North

and South Indian cuisines are specialties at this Urban Center dining spot, where authentic dishes can be ordered off the expansive menu or selected from a buffet. (www.mayuri.com)• Midori Sushi. A quaint place tucked into a neighborhood shopping center, Midori is known among Las Colinas sushi lovers for its lunchtime buffet.• Republic Las Colinas. Tapas and other Spanish/Mediterranean fare are set to steal the show at this new upscale restaurant, which is scheduled to open in late 2007 at SH 114 and Meadow Creek Drive, where Tenaya once stood.• Sonny Bryan’s Smokehouse. A Texas classic: This local chain is known for its succulent meats, savory sides, giant glasses of iced tea (both sweet and unsweet), and more accolades than you can imagine. (www.sonnybryans.com)• Texas Bar & Grill. Enjoy a weekday lunch or Sunday breakfast on this casual eatery’s patio on the cobbled Mandalay Canal Walk. True caffeine addicts can get curbside coffee service weekday mornings by calling ahead. (www.texasbarandgrill.com)• Taco Diner. Fresh Mexico City-style dishes are served in hip, modern surroundings, both indoors and on a breezy patio. Tortillas are made by hand, and Taco Diner serves outstanding fresh salsas. (www.mcrowd.com)• Trevi’s. This trattoria at the Omni Mandalay overlooks Lake Carolyn and serves classic Italian cuisine. (www.omnimandalay.com)• Via Reál. Mexican food with a Southwest fl air is served in a polished but informal setting at this Las Colinas classic. (www.viareal.com)

The list of things to do in Las Colinas when work is over is long. Here’s an overview:

• Campión Trails. Ten miles of this 22-mile trail system run through Las Colinas along the pristine Elm Fork of the Trinity River. Campión Trails has both concrete trails for hiking, biking and skating, as well as natural-surface paths that meander through heavily wooded areas. (www.ci.irving.tx.us/parks_and_recreation)• DFW Dragon Boat Festival. The ancient tradition — and international sport — of dragon boat racing made its fi rst showing in Dallas/Fort Worth in the spring of 2007 with the fi rst DFW Dragon Boat Festival on Lake Carolyn. In addition to races featuring colorful 25-foot row boats, the event features Chinese kites, dragon dances and other cultural offerings. The 2008 event is planned for late April or early May. • The EDS Byron Nelson Championship. Each spring, more than 250,000 golf fans converge on Las Colinas’ Four Seasons Resort and Club for the EDS Byron Nelson Championship, a major PGA Tour event. Held on the Tournament Players Course and Cottonwood Valley Course — the third and fourth rounds are played exclusively at the TPC — the “Byron” is known as a place where great golf and hospitality combine to create a prime venue for building business relationships. Proceeds from the tournament — $6.4 million in 2007 and over $100 million since 1968 — support the Dallas Salesmanship Club’s Youth and Family Centers. The Four Seasons has hosted the tournament since 1986. (www.pgatour.com/tournaments/r019/)• Gondola cruises. Gondoliers ferrying their passengers in Venetian-style boats through Lake Carolyn and the Mandalay

Canal provide a romantic view of Las Colinas. Gondola Adventures offers a variety of services, including lunch and dinner cruises and customized trips for weddings, parties and corporate events. (www.gondola.com)• Irving Arts Center. Las Colinas’ cultural life is headquartered at the Irving Arts Center, with its 700-seat concert hall, 250-seat theater, four art galleries and sculpture garden. The center is home to more than 14 arts organizations, including the Irving Symphony Orchestra, Lyric Stage, Irving Ballet and Irving Art Association. It hosts over 300 performances and 30 rotating art exhibitions annually. The Irving Arts Center was recently named a Smithsonian affi liate — an honor that

gives it access to the resources of “America’s Attic.” (www.irvingartscenter.com) • Irving Symphony’s Fourth of July Concert and Fireworks Extravaganza. For more than 20 years, the Irving Symphony has led the community in celebrating Independence Day with a free concert of patriotic music on the Plaza at Williams Square. Sponsored by the City of Irving, the concert concludes with a spectacular fi reworks display. The event will be held again in 2008, but may be relocated due to construction near Williams Square. (www.irvingsymphony.com) • Las Colinas Equestrian Center. One of the Southwest’s premier equestrian facilities is home to the School of Horsemanship,

boarding stables, a veterinary clinic and bridle trails along the Elm Fork of the Trinity River. The center, in northeast Las Colinas, hosts horse shows, as well as dressage and hunter-jumper competitions. (www.lascolinasequestrian.com)• Las Colinas Polo Club. Set on 24 acres at the Las Colinas Equestrian Center, the Las Colinas Polo Club hosts more than 20 tournaments each year. Matches are held on Sunday afternoons from May through July, and September through November. (www.lascolinaspolo.com)• The Mustangs of Las Colinas sculpture and museum. One of North Texas’ most popular attractions, The Mustangs of Las Colinas is a bronze depiction of a larger-than-life herd of wild horses running across a stream on the open Texas prairie. The prairie, however, is the expansive, granite-clad Plaza at Williams Square. The Mustangs, created to symbolize the untamed Texas spirit, have become the symbol of Las Colinas and the City of Irving. A museum documenting their creation is located in the West Tower at Williams Square. Admission is free. (www.mustangsofl ascolinas.com)• National Scouting Museum. A rich tribute to the Boy Scouts of America, which is headquartered in Las Colinas, the National Scouting Museum features a large collection of Norman Rockwell paintings on the theme of scouting. It also boasts virtual-reality adventures, hands-on exhibits and a historical collection that traces scouting from its beginnings. (www.bsamuseum.org)• Triathlons. The success of the inaugural Olympic Triathlon Trials, held here in 2000, has made Las Colinas a mecca for this popular three-event competition. Las Colinas triathlon courses typically include a swim across Lake Carolyn and a run that ends by The Mustangs of Las Colinas at Williams Square.

Eating out in Las Colinas

Fun in Las Colinas: recreation, culture and events

La Cima Club

Gondola on Lake Carolyn

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Las Colinas has 25 hotels, including a Four-Star, Five Diamond resort; full-service luxury hotels; extended-stay suites; and limited-service hotels. The development’s three full-service hotels are:

• Four Seasons Resort and Club. The only AAA Five Diamond resort in Texas, the Four Seasons has a spa, sports club, tennis courts, four pools and two championship golf courses, including the acclaimed Tournament Players Course. (The Four Seasons also holds a Four Star designation from Mobil.) The resort, which recently completed a multimillion-dollar expansion that added 40 new villa rooms and a one-acre lake to the No. 18 fairway of the Tournament Players course, is now building 24 new villas and a lagoon-style swimming pool, among other improvements. The Four Seasons was acquired last year by Bentley Forbes, which is committed to continuing the impeccable quality and service for which the Four Seasons is known. (www.fourseasons.com/dallas) • Omni Mandalay. A high-rise on the shores of Lake Carolyn, the luxurious Mandalay is a AAA Four Diamond hotel with full-service conference facilities; a lakeside pool; and Mokara, a full-service spa that recently underwent a major makeover of its own. The Omni has its own dock for the gondolas that cruise on Lake Carolyn and Las Colinas’ canals. (www.omnimandalay.com)• Marriott Dallas Las Colinas. The Marriott boasts a large terrace on Lake Carolyn and 24,000 square feet of meeting space, all with state-of-the-art technology. Gondolas also dock here. (www.marriott.com/property/propertypage/DALCL)

Las Colinas residents are served by the D/FW Metroplex’s more than 70 hospitals, 10,000 physicians and two medical schools. The two medical centers closest to Las Colinas are:

• Las Colinas Medical Center. Located on North MacArthur Boulevard at SH 161, Las Colinas Medical Center is a full-service hospital with a 24-hour emergency room, inpatient medical and surgical care, an intensive care unit, a neonatal ICU, and complete radiological and

diagnostic services. The hospital boasts a fl oor dedicated to women’s services and outpatient surgical facilities. This year, the hospital celebrated its 10th anniversary and expanded its cardiac services to include an open-heart program and cardiac rehabilitation. Winning Edge, the medical center’s sports medicine facility, recently expanded to 10,000 square feet and moved to the Dr Pepper Star Center in Valley Ranch. (www.lascolinasmedical.com)

• Baylor Medical Center at Irving. This major branch of the nonprofi t Baylor Health Care System houses a cancer center and a center for children with

special needs, as well as a nationally recognized diabetes program. The hospital has full inpatient and emergency services.Baylor Irving has consistently been rated one of D/FW’s top medical centers for coronary bypass, angioplasty and general heart-attack care by the Texas Health Information Council. Baylor Irving is located at SH 183 and MacArthur Boulevard. Baylor Health Center at Irving-Coppell, located north of Las Colinas on LBJ Freeway near MacArthur Boulevard, provides outpatient medical services. (www.baylorhealth.com)

Staying over: Las Colinas hospitality

Staying well in Las Colinas: Health care

Conference room, the Omni Mandalay Hotel

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VITAL STATISTICS 2007 | A PROFILE OF LAS COLINAS

B22 October 19-25, 2007 | Dallas Business Journal | dallasbusinessjournal.com

Type of development

Master-planned business and residential community

Location

Irving, Texas, adjacent to Dallas/Fort Worth International Airport

Size

12,000 acres

Development statistics

Offi ce:22.5 million square feet162,000 square feet under construction in 2 projects

Light Industrial:8.5 million square feet

Retail:1.2 million square feet

Hotel:4,200 luxury and business-class rooms in 25 hotels170 rooms under construction in 2 hotels

Multifamily:12,895 units in 34 apartment projects1,247 units in 4 projects under construction or planned to startconstruction by mid-2008

Single-family:3,970 homes in 18 residential villages1,628 homes under construction or planned

Fortune 1000 corporate headquarters(and ranking)

• ExxonMobil (No. 2) • Michaels Stores (No. 541)

• Kimberly-Clark (No. 137) • Pioneer Natural Resources (No. 723)

• Fluor (No. 174) • Zale Corporation (No. 758)

• Commercial Metals (No. 316)

Corporate presence

Demographics

• Employment: 103,000• Residents: 31,000

Amenities

• 4 18-hole championship golf courses• 3 private country clubs• 75-plus restaurants• Wide range of hotels, from business class to the Four Seasons Resort and Club, the only Four-Star, Five Diamond resort in Texas• Retail centers that range from neighborhood centers to power centers• Equestrian center and polo club• 10 miles of hiking and biking trails• 4,500 acres of land dedicated to open-space use

Education

• Colleges. 4 colleges or universities in or adjacent to Las Colinas• Secondary. 6 outstanding public, private and charter high schools in or near Las Colinas

Workforce

Highly educated workforce of more than 3.1 million in D/FW Metroplex

Success factors

• Strategic location. Las Colinas is 10 minutes from Dallas/Fort Worth International Airport and within 30 minutes of all Metroplex business centers.• Visionary master plan. Commitment to excellence in development standards and amenities formed the basis of the original master plan. Strict adherence to the plan has ensured quality growth.• Protected property values. Strictly enforced deed restric-tions, architectural controls and protective covenants help ensure the value of long-term investments.• Unique amenities. Las Colinas is rich in amenities, includ-ing 4 golf courses, 3 private country clubs, a four-star resort, luxury and business-class hotels, and distinctive shopping and dining.• Reputation as a corporate destination. Las Colinas is home to an impressive list of corporate residents and continues to attract more.

Recent honors

• The City of Irving. 2007 Community Economic Develop-ment Award–Merit Recognition, Texas Economic Development Council • Cool River Café. 2004–2007 “Best Of ” Award of Excellence, Wine Spectator • The Four Seasons Resort and Club. AAA Five Diamond Award (Th e Four Seasons is the only Five Diamond Resort in Texas.) • AAA Four Diamond Award, the Café on the Green • Mobil Four Star Award, Resort and Spa and Salon • Readers’ Choice: Top 50 U.S. Resorts; Top 100 U.S. Golf Resorts, Condé Nast Traveler • Top 50 Golf Resorts, Golf • Top 50 American Tennis Resorts, Tennis • Top 10 Tennis Resorts in U.S., www.tennisresortsonline.com • Top American Golf Resorts, Top Texas Restaurants, Top Texas Spas, Zagat Guides • Top 10 Board Retreats (Number 2), Corporate Board • Second-ranked U.S. Business Hotel, American Airlines’ Celebrated Living • Hotel Event Site of the Year, Event Solutions • Greater Irving-Las Colinas Chamber. Best New Program in Texas, Irving-Las Colinas Marketing Center, Texas Chamber of Commerce Executives • Best in Texas, Newspapers for Business Focus and Directories/Magazines for Newcomer, Relocation and Tourism Guide, Texas Chamber of Commerce Executives • The Highlands School. Catholic High School Honor Roll (top 50 secondary Catholic schools in the U.S.), Acton Institute, 2007 and 2005• Irving Convention and Visitors Bureau. 1990–2007 Gold Service Award, Meetings & Conventions • 2003–2007 Pinnacle Award, Successful Meetings • 1996–2007 Award of Excellence, Corporate & Incentives Travel • Honorable Mention, 2006 and Finalist, 2007, Alfred P. Sloan Award for Business Excellence in Workplace Flexibility • Las Colinas Medical Center. 2006–2008 Nurse Friendly Designation, Texas Nurses Association. LCMC is one of only 31 hospitals in Texas to receive this honor. • 2007 Quality Improve-ment Achievement Award, TMF Health Quality Institute • The North Hills School. No. 15, Newsweek’s Best High Schools in America, 2007; No. 12, 2006• Omni Mandalay Hotel. 2006 AAA Four Diamond Award • 2005–2006 Gold List of the World’s Best Places to Stay, Condé Nast Traveler. Th e Omni is one of only seven hotels in Texas to receive this honor. • The Towers at Williams Square. 2006–2007 International Offi ce Building of the Year (TOBY), over 1 million sf category, Building Owners and Managers Association.• The Tower on Lake Carolyn. 2006–2007 Dallas Offi ce Build-ing of the Year (TOBY), 250,000–500,000 sf category

Las Colinas ContactsIrving Economic Development PartnershipGreater Irving-Las Colinas Chamber of Commerce

• Chris E. Wallace, President and Chief Executive Offi cer214.217.8471 • [email protected]

• John M. Bonnot, Director of Economic Development214.217.8482 • [email protected]

• Leanne Weymouth, Executive Director, Las Colinas Marketing Alliance214.217.8475 • [email protected]

• Don Williams, Director of Heritage District Redevelopment214.507.5091 • [email protected]

• Denise Demonbreun, Director of Small Business andWorkforce Development972.742.2393 • [email protected]

www.irvingchamber.com • www.lascolinas.com

City of Irving

• David Leininger, Managing Director, Development Services

972.721.4617 • dleininger@cityofi rving.org

• Jerry Sparks, Development Coordinator972.721.3632 • jsparks@cityofi rving.org

• Leanne Weymouth, Tax Increment Finance District No. 1214.217.8475 • [email protected]

www.cityofi rving.org

Dallas County Utility and Reclamation District (DCURD)

• Jacky Knox, General Manager972.556.0625 • [email protected]

www.dcurd.com

Irving Convention and Visitors Bureau

• Maura Gast, FCDME, Executive Director972.252.7476 or 800.2.IRVING • [email protected]

www.irvingtexas.com

The Las Colinas Association

• Rick Bidne, President and Chief Executive Offi cer

972.541.2345 • [email protected]

www.lascolinasassn.com

• AAA-Texas • Hanson Pipe and Products• Abbott Laboratories • Health Management Systems• Accenture • LQ Management (La Quinta)• Adea Solutions • Liberty Mutual• Archon Group • Make-A-Wish Foundation• AT&T • Maxim Integrated Products• Avelo Mortgage • Microsoft• Big 12 Conference • National Football Foundation• Boy Scouts of America • NEC Corporation of America• Caremark • Neiman Marcus Direct• Carrington Laboratories • Nokia• Citigroup • Omni Hotels• Conexis • Oracle• Conference USA • Reliant Energy• EFJohnson • Research in Motion• First Choice Power • Sprint• Flowserve • Unysis• Fremont Investment & Loan • Verizon• GE Commercial Finance • VHA• General Motors • Young Presidents Organization

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Flower Clock

dallasbusinessjournal.com | Dallas Business Journal | October 19-25, 2007 B23Paid Advertising Supplement

Las Colinas Aerial

Reprinted for web use with permission from the Dallas Business Journal , October 19-25, 2007 | Reprinted by Scoop Reprint Source 1-800-767-3263.

Las Colinas is only the beginning.

on Las Colinas Blvd.

UrbanT O W E R S

The

Strategic Partners now has nine buildings in Dallas,

linked by quality space and outstanding tenant

service. The 5-Star Worldwide program helps to attract and retain valuable

employees and actively takes care of a wide range of corporate needs –

from conference facilities to fitness centers, food service to transportation.

Want to know more? Call Bill Lokey, John Fancher, Susannah Wallace or

Allison Fannin today.

The Strategic Partners portfolio isexpanding in the Dallas area.

The information contained herein has been obtained from the owner of the property or from a source deemed reliable. While CB Richard Ellis, Inc. has no reason to doubt its accuracy, we do not guarantee it.

C E N T R E

CANAL

BOMA Winner

Bill Lokey, Jr. Tel: 972-910-9744Cell: 972-567-8139 [email protected] Fancher Tel: 972-910-9360Cell: 214-616-4748 [email protected] Wallace Tel: 972-910-9760 Cell: 214-734-5520 [email protected] Fannin Tel: 214-751-7402 Cell: 972-672-0035 [email protected]

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las colinas supplement guide

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