(DALLAS, TX) – Hines, the international real estate firm, has broken ground on The Victor, a luxury for-rent residential high-rise community located on the northeast corner of Olive Street and Victory Park Lane. Adjacent to the American Airlines Center and W Dallas-Victory Hotel, the residences will lie at the nexus of burgeoning South Victory (SoVi) District’s three curated blocks of walkable, street-front dining, shopping and entertainment experiences.
Comprised of 344 luxury residences, the 39-story high-rise tower will stand taller than any other residential community in Victory Park or Uptown and will boast 360-degree views of Turtle Creek and the American Airlines Center to the north; Downtown to the south; Downtown and Uptown to the east; and the Trinity River and Margaret Hunt Hill bridge to the west.
“As a partner in the development of One Victory Park office tower, Hines has enjoyed its involvement with Victory Park and we look forward to committing more capital in the area,” said Ben Brewer, managing director. “The current influx of vibrant retail, restaurant and entertainment offerings has spurred us to action, and we look forward to delivering a premier residential community in Dallas’ new urban hub. Residents will enjoy a walkable, big-city lifestyle in a living environment that exudes cutting-edge style.”
While modern in its origins, The Victor will depart from the strict rigor of modernism to create undeniably welcoming and livable spaces. Each single-level floorplan will be spacious and light-filled, featuring 10-foot ceilings, private balconies, flexible living spaces and floor-to-ceiling windows to maximize views. Natural materials and finishes will create an inviting sense of warmth with luxurious millwork and fixtures, including Quartz countertops, stainless-steel appliances and wide-planked wood flooring complimenting Italian-made custom cabinetry throughout.
“Our work has been largely influenced by the thriving Dallas arts and culture scene and we have introduced a number of commissioned pieces as a means to experience the work of local and international artists within the framework public living space,” said Eric Ragni AIA, Principal of MaRS, the project’s interior architect.
The building’s 18 penthouse residences, on levels 37 through 39, will range in size from 1,800 to 3,000 square feet with large outdoor living rooms, freestanding bathtubs and ultra-luxurious finishes rivaling the finest of condominium residences. Select penthouses will also feature outdoor kitchens with gas grills and refrigerators, as well as contemporary indoor fireplaces.
Residents of The Victor will have access to an array of outstanding amenities, including 24-hour valet parking; Dallas’ only 36th-level sky amenity deck capturing panoramic views of the skyline with private resident dining room and catering kitchen; 9th level tempered-edge resort-style pool, cabanas and daybeds, sports simulator and theater room; state-of-the-art gym with on-demand virtual fitness classes; coworking and conference spaces; guest suites; multiple social lounges with complimentary beverage and coffee bars; pet spa; dedicated dog park; bike shop and 9,500 square feet of curated street-level retail and restaurants onsite.
By 2019, the building’s prime location will boast a WalkScore of 91 upon completion of nearby retail and dining venues, which include three new Tristan Simon concepts, a sports bar concept from the team behind HG Sply Co. and Mesero’s new flagship location. Convenient recreational amenities include the 3.5-mile Katy Trail network, providing access to 125 acres of contiguous parkland, and the nearby 5.2-acre Klyde Warren Park. Other nearby hotspots include Happiest Hour, The House of Blues, Perot Museum of Nature and Science, and the new 44,000-square-foot Cinépolis Luxury Cinemas.
The transit-oriented development is steps from the Texas Railway Express (TRE) and DART Light Rail-Victory Station, which connect to DFW International Airport, Dallas Market Center Station, UT Southwestern and the Medical District, and Dallas Love Field Airport. The property is also easily accessible from Woodall Rogers Freeway, I-35, Dallas North Tollway and US-75 via automobile.
Hines has assembled a stellar Texas-based design team for The Victor, including Munoz + Albin, architect; Mayfield and Ragni Studio (MaRS), interior architect; and TBG, landscape architect.
Construction is currently underway with completion slated for the second quarter of 2021. Pre-leasing will begin fall of 2020. For more information and rental rates, visit www.TheVictorDallas.com.
Hines entered the Dallas market in 1982 with the development of the Galleria mixed-use complex, the city’s largest mixed-use complex. Since then, the firm has developed and managed a broad array of office, retail, residential and industrial properties. Serving as one of the main office locations for the firm’s Southwest Region, the Hines team has acquired or developed a number of other high-profile projects in the area including Chase Tower, various residential developments in Las Colinas, One Victory Park and The Plaza at Legacy. Currently, the firm owns and manages 10.3 million square feet in the area.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,319 properties, totaling over 431 million square feet. The firm’s current property and asset management portfolio includes 527 properties, representing over 224 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
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