by Cribb Altman
A lot of growing technology companies I talk to experience challenges related to recruitment and retention of employees, as well as maintaining flexibility on their office leases. As the Dallas lead for Cushman & Wakefield’s Emerging Technology Advisory Group, my team partners with companies on their workplace strategy and methods for aligning their business needs with the optimal real estate solution.
Now more than ever, HR departments are getting involved in site selection for a company’s future headquarters. Real estate decision making has evolved over the last few years to companies being laser focused on encouraging employee engagement and building spaces that allow companies to show off their branding and culture.
In light of the tightest job market in history, Dallas-area tenants have been flocking to Class A space in the submarkets of Addison/Legacy/Frisco, Las Colinas and Uptown to win the war for talent. And it’s no wonder: These areas offer a central location, combined with amenities and conveniences that promise to help attract and retain the best possible employees.
Top 10 Dallas’ Hot Spots
Right now, ten Dallas-area hot spots continually draw the most attention from tech companies seeking a property that will help attract and retain talent while also representing their culture and brand. The list below highlights what I believe are the top 10 live, work, play developments in DFW.
- Legacy West
- Shops at Legacy
- The Union
- Shops at Park Lane
- Williams Square/Music Factory/Water Street
- Deep Ellum/The Epic
- Cypress Waters
- Mockingbird Station
- Victory Park
A 250-acre urban development home to upscale restaurants, retail, apartments and an on-site hotel. Legacy West is an expansion from Shops at Legacy, which sits across Dallas North Tollway to the east. This project boasts more than 300,000 square feet (sf) of shops and restaurants, multiple coworking facilities, 300,000 sf of office space and more than 1,000 apartments and a high-rise hotel.
- Retail: Coach, MAC Cosmetics, Sephora, Tumi, West Elm, Lululemon and Barnes & Noble
Restaurants: Del Frisco’s Double Eagle, Shake Shack, True Food Kitchen, Starbucks Reserve
- Hotel: Renaissance Dallas at Plano Legacy West
- Legacy Food Hall: A three-story food hall home to 20 eateries and bars. Also includes music stage for performances and accommodating seating.
- Coworking: WeWork and Venture X
- Tech tenants: NTT Data, Softweb Solutions
Shops at Legacy
Plano’s original “urban village” development, which originated in 2002, embodies a live, work, play atmosphere for shoppers, business workers and residents. The core development contains restaurants, shopping, hotels, coworking space and nightlife spots, while neighboring corporate and regional headquarters allow 60,000 people to live and work in this unique area.
- Retail: Benefit Cosmetics, Kendra Scott, Urban Outfitters and local boutiques
- Restaurants: Del Frisco’s Grille, East Hampton Sandwich Co., Zoë’s Kitchen, The Capital Grille, Chipotle, Dunkin Donuts, Jamba Juice
- Hotel: Marriott
- Nightlife: Blue Martini, Sambuca 360, The Ginger Man
- Apartments/condos: 3,102 on-site units
- Movie theater: The Angelika, a boutique cinema and café featuring five screens
- Coworking: WeWork and Industrious
- Tech tenants: Valtech, Vivify, Creston
This 22-floor high-rise office building in Uptown offers some of the best walkability in the city. Part of a mixed-use development that includes a residential tower, restaurants, a half-acre park and a grocery store.
- Office tower: A 420,000-sf Class-A office building with an all-encompassing amenity deck featuring a state-of-the-art fitness center, conference center, tenant lounge and connecting green deck
- Grocery/pharmacy: Tom Thumb Urban concept with grab-and-go options, The Union Tap beer and wine bar, a sushi bar and Starbucks
- Restaurants: The Henry, North Italia, Taco Lingo and Minami Sushi
- Residential: The Christopher is a luxury apartment tower with high-end finish outs. Amenities include a fitness center and a resort-style pool overlooking an open plaza below.
- Tech tenants: Salesforce
Shops at Park Lane
Across North Central Expressway from North Park Mall, The Shops at Park Lane is a 33-acre destination for retail, restaurants and entertainment with a Whole Foods grocery store.
- Retail: HomeGoods, Nordstrom Rack, J. Crew and over 25 other options
- Restaurants: Which Wich, Starbucks, Zoë’s Kitchen, Bar Louie and Whole Foods
- Entertainment: Bowl & Barrel modern bowling alley and beer hall
- Residential: 550 luxury apartments
- Office: 500,000 sf of modern office space gives employees access to endless amenities within walking distance from the office
- Tech tenants: Match.com and Oculus/Facebook
Williams Square/Music Factory/Water Street
Irving is home to a new development with unique tenants and amenities. Anchored by the Pavilion at Toyota Music Factory, this space is a coveted destination for restaurants, bars, entertainment and coworking space.
- Restaurants: Bar Louie, Gloria’s Latin Cuisine, Yard House, Freshii and more.
- Entertainment: Alamo Drafthouse Cinema and Texas Lottery Plaza, an outdoor stage for events surrounded by restaurants and bars
- The Pavilion at Toyota Music Factory: A flexible seating venue that accommodates up to 8,000. This space was designed to create the best experience for entertainers and audience alike with unmatched acoustics.
- Coworking: WeWork— Coming soon
- Tech tenants: Pure Storage
Just down the street from the Toyota Music Factory, Water Street is a new 60,000-sf mixed-use development strip full of restaurants and several retail spots, plus new coworking space. Adjacent to this, new apartments give tenants gorgeous views of the water and easy access to entertainment and dining.
- Restaurants: Twisted Root Burger Company, Hugo’s Invitados, Go Fish Poke, Main Street Bistro and Bakery, Grabbagreen and more
- Entertainment: The Londoner Pub
- Residential: Gables luxury apartments
- Coworking: Venture X Las Colinas
Deep Ellum/The Epic
A once over-looked and rundown area next to Downtown Dallas, Deep Ellum is a new hot spot for “work, play, live” developments. This eclectic neighborhood boasts of countless boutiques, live music venues, coworking space, unique restaurants and more. The Epic is a new addition to the area that adds 251,000 sf of office space and 20,000 sf of residential space.
- Retail: Deep Ellum Trading Co., Epocha, Jade & Clover, Life of Riley and more
- Restaurants: Cane Rosso, Vidorra, STIRR, Pecan Lodge, Deep Sushi and Armoury D.E
- Entertainment: Deep Ellum Brewing Company, The Bomb Factory, Three Links, Wits End and The Green Room
- Residential: Over 300 luxury apartments, to be completed in 2019, in a top of the line high-rise, part of The Epic development
- Office: Opening in 2019, The Epic office tower is a Class AA space with best-in-class amenities and views of Dallas. Tenants will have access to all the sights and sounds of Deep Ellum, with incredible walkability.
- Hotel: The Pittman Hotel by Kimpton
- Coworking: Common Desk, GeniusDen and SPACES by Regus
Cypress Waters is a lush 1,000-acre development in the heart of DFW, perfectly centered on a 290-acre lake. The new master-planned community sits just five minutes away from DFW Airport and contains something for everyone, with retail, dining and office space all connected by beautiful landscaping and lake-front views.
- Restaurants: Ascension Coffee, Rodeo Goat, Eno’s Pizza, Newks and Wayback Burger
- Residential: Four different multi-family developments, offering a range of amenities and styles
- Office: Over 2 million sf of office space throughout the development. Cypress Waters is home to more than 11,000 employees.
- Tech tenants: One Source Virtual, BT Americas
Sitting just 5 miles north of Downtown, Mockingbird Station is one of DFW’s original work, play, live spaces. This outdoor mixed-use development has continued to be a successful spot due to its range of amenities and convenient location along the DART line, making it attractive for consumers, employers and tenants alike.
- Retail: Bath & Body Works, Gap, West Elm, American Apparel and more
- Restaurants: Starbucks, OC, Edith’s, Dallas Grilled Cheese Co., Agu Ramen and Urban Taco
- Entertainment: The People’s Last Stand bar and bistro, Trinity Hall Irish Pub and Hyena’s Comedy Club
- Residential: The Lofts at Mockingbird Station, featuring contemporary industrial design, open floorplans and state-of-the-art amenities
- Office: 149,000 sf of Class A office space with immediate access to retail, restaurants and multi-family developments
- Tech tenants: OpenDoor, Centro
Victory Park is a master-planned development covering more than 4 million sf of prime real estate. Just north of the West End District, this neighborhood has been crafted to display the best of what Dallas has to offer. Not only is this area home to the American Airlines Center, which hosts entertainment events year round, Victory Park also includes plenty of restaurants, shops, offices and residences.
- Retail: Read Between The Lines, Simply Elegant, The Hangar, V.O.D and Café Victoria
- Restaurants: Billy Can Can, Hard Rock Café, BuzzBrews, Mesero, Medina and Jinya Ramen
- Entertainment: American Airlines Center, Cinepolis, House of Blues, Perot Museum of Nature
- Residential: Over 2,000 residential units put tenants close to endless amenities, with amazing walkability to attractions.
- Office: Over 1 million sf of Dallas’ best Class A office space with unmatched views of Uptown and Downtown
- Hotels: The W Dallas
- Coworking: WeWork Victory Plaza – Coming soon
Cityline gives an urban feel outside of the hustle and bustle of Dallas city life. The development covers more than 186 acres of land at the intersection of North Central Expressway and President George Bush Turnpike. This space is already expanding to keep up with demand, with additional office, retail and residential space in the works.
- Retail: CVS Pharmacy, FedEx Office, Hollywood Feed and Whole Foods
- Restaurants: Coal Vines, Edoko Sushi, Fernando’s, Fish City Grill, Modern Market and more
- Residential: Seven different residential communities with luxury finish outs, top-of-the-line amenities and easy access to dining and shopping
- Office: 2.5 million square feet of current office space with an additional 1.8 million in development. Almost 13,000 employees work on-site at Cityline.
- Hotel: Aloft Hotel
- Coworking: Common Desk – Coming soon
- Tech tenants: DXC Technology Co.
Cribb Altman is a Senior Director within Cushman & Wakefield’s Tenant Representation Group and the Dallas lead for the firm’s Emerging Technology Advisory Group.