$77.5 Million Non-Performing Office Loan
US - Washington, DC
THB 2,644,765,000 | 28,508 m²
JLL is pleased to share this exclusive offering preview to acquire a +/- 1.28 Acre site, consisting of multiple parcels, generally located at 3601 Cedar Springs in the heart of Dallas, Texas.
Situated in the prestigious Turtle Creek/ Oak Lawn neighborhood, this site is near the southernmost portion of Cedar Springs Road with attractive PD 193 (O-2) zoning in place. The current zoning will allow for multiple uses including Multifamily, Office, and Hotel and with a maximum building height of 240’ and an approved FAR of up to 4.5:1. This site offers a limited opportunity to acquire an infill property with quick accessibility to some of the most highly coveted amenities in the Dallas area including parks, restaurants, retail, and luxury hotels. Notable attractions in the area include: the historic Turtle Creek Park, the Katy Trail, Perot Plaza, 5- Star Rosewood Mansion Hotel, the upcoming Four Seasons Hotel/ Residences, The Crescent and American Airlines Center (Home of the Dallas Mavericks and Dallas Stars).