New 445,000-sq.-ft. Development Planned for Uptown Dallas

Lincoln Property Co. and Corrigan Properties Inc. are developing the new mixed-use high-rise in Dallas' Uptown neighborhood.

Texas Capital Bank to Anchor New Uptown High Rise

The future headquarters of Texas Capital Bank, a 445,000-sq.-ft. mixed-use building, will be a 20-story tower offering high-end commercial and residential space and a signature restaurant.

Lincoln Property Co. in partnership with Corrigan Properties Inc., both of Dallas, recently announced that the firms will develop a 445,000-sq.-ft. mixed-use building located at 2000 McKinney in Dallas' Uptown neighborhood. The 20-story tower, designed by architectural firm HKS Inc., also of Dallas, will offer high-end commercial and residential space, and a signature restaurant.

"Our team's attention to detail and commitment to progressive urban planning is the foundation for this signature project, which will link the vibrant energy of Uptown with the architectural icons of the Arts District and Downtown," said David Pettle, executive vice president of Lincoln Property Co

The building will be named after its lead tenant, Texas Capital Bank, which has leased approximately 100,000 sq. ft. and will relocate its corporate headquarters from 2100 McKinney. Lincoln Property and Corrigan Properties will have headquarters in the tower. Bob Mohr of Mohr Partners Inc. was credited with representing Texas Capital Bank as the anchor tenant in the project.

The building's backyard will be the 5.2-acre Woodall Rodgers Park, and will feature a playground, cafe, great lawn, dog park and a walkway to the Arts District. In recognition of the quality-of-life impact the park will have on residents and employees of the project, Lincoln Property and Corrigan Properties pledged financial support to the Woodall Rodgers Park Foundation.

Construction will start next month with an anticipated opening in the third quarter of 2008.

ICA Fluor Awarded Contract For Petrochem Plant in Mexico

ICA Fluor, the industrial engineering and construction company jointly owned by Irving- based Fluor Corp. and Empresas ICA Sociedad Controladora, recently announced it >> signed a lump-sum contract with Indelpro, the polypropylene production company subsidiary of Alpek, for detailed engineering, construction, procurement and pre-commissioning services of a second line of polypropylene and the revamping of the existing propylene splitter. The project value for ICA Fluor is $108 million.

Located in Altamira, Tamaulipas, Mexico, the new plant will be one of the largest, most modern facilities of its kind. The project has a target completion date of December 2007.

Santikos Enters Houston Market With 19-Screen Theater

John Santikos of San Antonio's Santikos Theatres recently announced his foray into the Houston market with the groudbreaking of Silverado Station, a 200,000 sq.-ft. retail development at the northwest corner of SH 249 and Northpoint near the proposed Grand Parkway and the city of Tomball.

Silverado Station will feature a 5,000-seat, 19-screen, 100,000-sq.-ft. movie megaplex with an additional 100,000 sq. ft. of entertainment, retail and restaurant space. Construction is under way and slated for completion by the end of the year.

Designed by Hodges and Associates Architects, the Silverado will feature a Western theme for the interior and exterior designs. It will include the latest digital projection and sound, as well as an IMAX theater, which will be the second stand-alone IMAX in the Houston metropolitan area.

Santikos Theatres was founded in 1914 by Louis Santikos, John Santikos' father and a Greek immigrant who began his career building and operating nickelodeons in Texas. In 1924 he built the Palace Theatre, San Antonio's first opulent movie house.

Santikos recently introduced San Antonio to its first "cinema bistro" experiences with the opening of The Bijou and The Rialto.

The company recently broke ground on The Legacy, a 100-acre mixed-use retail and residential project in San Antonio.

Parsons Announces Merger Agreement with 3D/I

Chuck Harrington, president of Parsons Commercial Technology Group, and Chuck Thomsen, chairman of 3D/International of Houston recently announced the signing of a merger agreement. Once the merger is completed, 3D/I will become a subsidiary of Parsons.

"Parsons will provide many additional skills to offer to our existing clients," said Thomsen. "[We are] enthusiastic about the merger because Parsons is employee-owned, its core business is design and construction, it has an excellent reputation and it will be able to provide many new opportunities for our staff in domestic and international markets."