Hunt Realty Unveils $5B Development in Downtown Dallas

Hunt Realty Investment has unveiled a $5B project to develop 20 acres next to its iconic Reunion Tower in downtown Dallas in proximity to a new $3B convention center the city is planning to build this year.

Dallas-based Hunt is planning to build a dozen high-rise buildings, including residential towers with up to 3,000 apartment units, a hotel with as many as 1,000 rooms, 2M SF of office space and 150K SF of retail space, according to a report in the Dallas Morning News.

The first phase of the project is expected to include the hotel, and retail, dining and entertainment facilities that will support the new Kay Bailey Hutchison Convention Center.

The plans also call for the redevelopment of historic Union Station, which sits on the other side of the railroad tracks next to Reunion Tower, and the development of a new four-acre park.

Previous plans for the redevelopment of the property next to the Reunion Tower consisted of office towers. Hart Howerton, a San Francisco-based architectural firm, prepared the new master plan.

Hunt owns the Reunion Tower and the neighboring Hyatt Regency Hotel, which were built in 1978.

In October, Goldman Sachs Group, Hunt Realty Investments and Hillwood Urban broke ground on Goldman’s $500M campus in Dallas. The 800K SF campus is being built on three acres on the southeast corner of Hunt’s massive North End Development.

Goldman’s hub will be composed of two wings, with the tallest being 14 floors. The building will serve as the regional base Goldman, housing 5,000 employees when it opens in 2027.

An $18M incentives package, one of the largest ever granted in the city, sealed the deal for the North End project. The incentives agreement, approved by Dallas City Council in June 2022, is contingent on the company creating or retaining 5,000 jobs in the city.

The new campus will consolidate Goldman’s employees in one location. Currently, the company has about 4,000 employees in the region located at the Trammell Crow Center in Dallas, and offices in Irving and Richardson.

Designed by Henning Larsen Architects, Goldman’s campus will feature amenities including an on-site cafe, a fitness center, conferencing spaces, outdoor gardens and terraces.

Hunt is planning a $500M mixed-use development for North End centered around an 80-story tower. The 3.7M SF mixed-use development will rise on an 11-acre site bordered by North Field Street, Houston Street and Nowitzki Way in Big D.

According to the development proposal, Hunt will make a minimum $390M investment in construction of the core and shell of the project by the end of 2027. Goldman is committing to invest a minimum of $90M in leasehold improvements, fixtures and equipment by the end of 2028.