One Uptown – Developer Starts Construction At High Profile Location Highly Anticipated Luxury Tower on McKinney
BARRINGTON, IL – October 1, 2014 – Stoneleigh Companies announces re-branding of their 20-story mixed use luxury high rise currently under construction at the northwest corner of McKinney Avenue and Routh Street. When completed in mid-2016, One Uptown will be one of the most striking buildings in the Uptown neighborhood including 198 luxury apartments, 18,500 square feet of retail and restaurant space, and a 475-car underground parking garage. The project received its full building permit in September and began construction with excavation for the parking garage. Additional tower amenities will include two pools—Dallas’ highest private rooftop infinity pool and a second floor relaxation pool open to retail patrons featuring an outdoor club deck and full-service bar overlooking the bustling corner.
“Considering the premier location of our project, we feel it’s appropriate to brand the iconic tower in accordance with our address in the heart of Uptown. We have seen what a remarkable and inclusive community Uptown is and we are proud to be a new neighbor. We want our identity to reflect that sentiment and commitment to the City of Dallas” says Rick Cavenaugh, CEO of Stoneleigh Companies.
Stoneleigh also announced that Fogo de Chấo Churrascaria, the internationally renowned Brazilian steakhouse, has leased space in the One Uptown development, joining another premium restaurant, Style & Grace. “Our two premiere restaurants have recognized that this location is irreplaceable and their international designs will create a high level of energy and world class service in the heart of Uptown” reflected Cavenaugh.
Stoneleigh Companies, based in Barrington IL is teaming with USA Infrastructure Investments LP to develop One Uptown. The project team includes Humphreys & Partners as the architect and Hunt Construction Group as the general contractor. Bank of America is the construction lender for One Uptown and SunGate Capital Funding 2 is the institutional equity partner.
About Stoneleigh Companies
Stoneleigh Companies is a multi-family investor and developer and operates 4,300 units and is under construction on five new multi-family communities in Denver, Keller, Houston, Chicago and Dallas. One Uptown will be the flagship of the One brand of urban, transportation based developments being built by Stoneleigh to complement its Waterford Residential brand of garden apartments. For more information, visit www.waterfordresidential.com.