One of North Texas’ best-known residential community developers is trading its digs in the burbs for a new location in downtown Dallas.
Republic Property Group plans to move its headquarters from North Dallas to the 400 South Record building downtown.
Republic Property Group’s major North Texas developments include the 1,070-acre Light Farms in Celina and the 7,200-acre Walsh development near Fort Worth.
The company is also one of the team that’s developing the 2,500-acre Fields mixed-use community in Frisco.
Republic Property Group plans to move 70 people from the One Lincoln Park building on North Central Expressway to the 12th floor of the 400 South Record building.
Formerly known as the Belo Building, the 17-story office high-rise is near downtown Dallas’ Omni Hotel.
“Our new office space reflects how our company has evolved into a multifaceted development company and who we want to be for our next 50 years of business,” Jake Wagner, co-CEO of Republic Property Group, said in a statement. “An inspiring environment will foster the creativity of our employees to develop the next generation of great neighborhoods that people will love to call home.”
Austin designer Michael Hsu Office of Architecture is creating Republic Property Group’s new offices.
The 400 South Record building is also home to City Electric Service, which just completed a major renovation of the tower built in 1985.
Robert Blount of CBRE negotiated the lease with Rena Padachy and Matt Schendle of Cushman & Wakefield.
The real estate development firm is just one of several Dallas-area companies that have recently shifted offices from the suburbs to downtown.
“Republic Property Group’s decision to relocate to Downtown Dallas is another prime example of how the city center has become so desirable to innovative, forward-thinking companies,” said Kourtny Garrett, president and CEO of Downtown Dallas Inc. “From building renovations to access to parks, public transportation and culture, downtown has emerged as one of the best places in the country for companies to attract and retain skilled talent.”
Dallas Morning News, July 1st, 2019, Steve Brown | View Original Article