July 11, 2016
RED Development is going north on Union Dallas, a massive, $300-million mixed-use project near downtown Dallas. The two-tower project will provide 309 residential units, 417,000 square feet of office space, and 87,000 square feet of retail. A 60,000-square-foot Tom Thumb grocery store will anchor the retail portion of the project.
Even before dirt work on the project began in spring, part of the office space had been pre-leased, with Vinson & Elkins taking 82,000 square feet on three floors, and accounting firm Weaver taking down 58,000 square feet. The retail portion is also more than half leased.
Peleton Commercial Real Estate in Dallas is leasing the project’s office portion. CBRE-UCR is handling retail leasing.