Dallas law firm Haynes and Boone will trade its Main Street address for a new office tower in the Victory complex.
Haynes and Boone will be the lead tenant in the 20-story building – the first office tower to be built in the 75-acre development.
Construction starts immediately on the northwest edge of downtown at Lamar Street and Victory Avenue.
Haynes and Boone will take up to 175,000 square feet on six floors of the building.
The law firm will be the first large business tenant to move to Victory. It is currently housed in Bank of America Plaza – Dallas’ tallest skyscraper.
Haynes and Boone partner Barry McNeil said Victory’s location will provide good access for the firm’s clients.
“We are a business firm that works for clients in the boardroom and the courtroom,” Mr. McNeil said. “This is a wonderful venue to accomplish both.
“It instantly enhances our prominence in the business and legal community,” he said.
Victory builder Hillwood is developing the One Victory Park tower in partnership with Houston-based Hines.
“I can’t tell you how excited we are to kick off this building,” said Jonas Woods, Hillwood Capital president. “It crystallizes the fact that this is a mixed-use neighborhood.
“The other thing this building does is complete the circle at the southern end of the project,” Mr. Woods said.
One Victory Park will join the 28-story House condominium tower and the Terrace condo building, which are under construction on Victory’s south side near the West End entertainment district.
The 456,000-square-foot project will open in mid-2008.
Haynes and Boone has been in the 72-story Bank of America tower for 22 years, Mr. McNeil said. The firm considered several office locations.
“We’ve been wooed by everybody,” he said.
Haynes and Boone has offices in Texas, New York, Washington, D.C., Mexico and Russia with more than 450 attorneys.
The Dallas office has more than 500 workers, including lawyers.
Architect BOKA Powell of Dallas designed the glass and masonry Victory office building. San Francisco-based architect Gensler designed the interiors. Austin Commercial will be the general contractor.
One Victory Park is the first of two office towers Hillwood and Hines plan adjacent to Stemmons Freeway.
Additional office space will be located in the Victory Plaza and 43-story Victory Tower buildings.
The development is anchored by the American Airlines Center sports arena and includes the W Dallas hotel and condominiums, apartments and retail space.