The next Uptown Dallas office tower is about to start construction.
Kaizen Development Partners has filed for building permits to begin work on its 25-story Link tower on North Akard Street near Cedar Springs Road.
The 300,000-square-foot high-rise will be next door to the new Union Dallas mixed-use project.
Kaizen Development’s $73 million building permit calls for 12 floors of office space on top of a 13-floor, 334,000-square-foot parking garage.
The developer has already knocked down an older office building and vacant church on the block to make way for the construction. The tower is scheduled to open in 2021.
“You should see activity in couple weeks,” Kaizen CEO Derrick Evans said. “We are rolling as soon as it’s issued from the city, which is imminent.”
The developer has secured financing for the project with Broad Street Real Estate Credit Partners III, an investment fund managed by a unit of Goldman Sachs. Architect BOKA Powell designed the building.
Kaizen Development just teamed up with Dallas-based Woods Capital to buy an even larger construction site on the north edge of downtown. Several towers are being planned for the 6-acre vacant tract at Field Street and Woodall Rodgers Freeway.