Groundbreaking set for McKinney Avenue high-rise
The Dallas Morning News | Steve Brown | July 15, 2014
Construction is set to begin next week on an Uptown Dallas apartment tower.
Dallas’ Cheng Investments and Stoneleigh Cos. are building the 20-story residential high-rise on the former site of the Hard Rock Cafe on McKinney Avenue at Routh Street.
Called One Dallas, the building will contain about 200 apartments plus extensive retail on the first two floors.
Development partner Paul Cheng said the groundbreaking will be on July 23.
“It will feature six levels of underground parking, charging stations for electric vehicles, rooftop pool and interior lobby designed by designer Francois Frossard,” Cheng said.
Dallas architect Phillip Shepherd designed the building along with Humphreys & Partners Architects.
“One of the restaurants will be called Style and Grace, featuring a superstar chef from New York City,” Cheng said. “The other restaurant we are finalizing the lease so we are not able to announce just yet.”
Real estate brokers say the developers have talked to several high-end local eateries about moving into the project, including The Palm, which is now in downtown’s West End.
Cheng Investments is building the tower in partnership with Illinois-based Stoneleigh, which is headed by Rick Cavenaugh.
The two firms bought the McKinney Avenue tract almost a year ago.
The popular Hard Rock Cafe building — a historic church — was knocked down in 2008, right before the recession hit. Since then the land has been idle.
Hard Rock Cafe now operates in the Victory Park development on the north edge of downtown Dallas.
The One Dallas tower will be constructed across the street from where Gables Residential is building a Whole Foods Market with apartments above the grocery store.