DALLAS—A whopping amount of office space in Midtown is in the works. It is part of a transformational project that will create a live-work-play environment featuring luxury residences and shopping, dining and entertainment areas within a walkable community.

The development, which will feature two class-A office towers with anchor retail and entertainment space of up to 1 million square feet, is part of Seritage's planned 23-acre mixed-use project within the 430-acre Dallas Midtown Redevelopment Zone. Seritage Growth Properties, a national owner and developer of retail and mixed-use projects, and KDC, a developer of corporate office campuses, are partnering to develop the project. Seritage is also considering adding a hotel attraction and other community amenities.

The site of this creative mixed-use project is the former Sears store at Valley View Mall, which is in the well-known Galleria area. The new development will be situated at the intersection of the LBJ Freeway and Preston Road, providing convenient access to the area's major thoroughfares. The project will stand out as a landmark while still blending into the surrounding community, says Bill Guthrey, senior vice president and partner at KDC.