601 N Akard St, Dallas, TX, 75201-3303, US

TBP YMCA Dallas

Asset Description

JLL is pleased to present a unique opportunity to acquire one of the most desirable development properties in Dallas/Fort Worth. Known as the T. Boone Pickens YMCA this 0.96 acre property is at the hub of Downtown Dallas located at the intersection at Ross Avenue and N. Akard Street and is adjacent to some of Dallas' most iconic developments. The existing zoning for the property is commercial area 1 (CA-1) which allows for a maximum Floor Area Ratio (FAR) of 20:1 and will permit any institutional, commercial or residential use providing flexibility for development scenarios.

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Attributes

Land area Gross

0.39 ha (3,896 m²)

Media

Investment Highlights

Located in downtown Dallas, roughly 0.3 miles from Dallas’ new streetcar system, this site represents the most transit advantaged site in the state of Texas. The connectivity available at this site allows a resident or employee from this site to easily travel to and from sporting events and concerts at American Airlines Center, or to ride to either Dallas Love Field or DFW Airport. In addition to the light rail and streetcar system, the site is just a few minute walk from the future Texas Central High Speed Rail station that will connect Dallas / Fort Worth, Houston, and Austin / San Antonio.

The existing zoning is CA-1, the broadest and most permissive classification in the Dallas zoning ordinance. CA-1 allows, by right, a range of development scenarios including multi-family and office towers, hotel, retail, medical, educational, and commercial parking uses. With an FAR of 20:1, the total built environment that can be created here with no zoning changes is 839,000 square feet and 1,000 feet in height.