Santa Rita Hotel Brings Upscale Amenities, Authentic Midland Feel to Downtown

Renderings of the proposed Santa Rita Hotel in downtown Midland. All photos: Bond Partners

Renderings of the proposed $100-million Santa Rita Hotel in downtown Midland. All photos: Bond Partners

Across the country, there’s a trend toward downtown revitalization and urban living.

Midland is no exception. A large group of young professionals working in the oil and gas industry desire an urban lifestyle, and the new $100 million Santa Rita Hotel in downtown Midland is being created in part to meet that interest.

“Similar to much of the US, there is an unmet urbanization demand in the city,” said Robert Watson, CEO of San Antonio-based Bond Partners, one of the developers of the Santa Rita Hotel, along with Overland Partners and Arup. “We had the opportunity to create a city center with this project, a true amenity for the city of Midland, and a catalyst for living and working downtown.”

This 17-floor boutique hotel will offer residential, retail, and office space. The mixed-use development also includes around $20 million in public improvements, like the redevelopment of nearby Centennial Plaza and construction of an underground parking garage with 467 spaces.

The project is slated for completion by August 31, 2018.

Santa Rita Hotel

The Santa Rita Hotel aims to attract upwardly mobile young professionals by offering posh amenities, like luxury condos on top floors, a rooftop bar with panoramic views, fitness and spa facilities, and swimming pools. The development also will include an upscale restaurant, whiskey bar, and Epicurean market.

But this won’t be a generic, big-city development. The hotel will be located on the site of the old Midland County Courthouse, and developers are sensitive to the historic nature of the space, which many Midlanders hold sacrosanct. Additionally, the hotel’s design will have the area’s oil history front and center, and some members of the development team hail from Midland High School. They’ve even situated the hotel so that it will not obstruct views of the historic Petroleum Building, which was built in 1934.

“We were introduced to the Midland opportunity through our architects, Overland Partners,” Watson said. “One of their principals was born and raised in Midland before going off to architecture school at UT. We were drawn to the opportunity because Midland is a very unique market, to say the least.”

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An artist rendering of the Town Center of Frisco Station. Photo courtesy of city of Frisco.

An artist rendering of the Town Center of Frisco Station. Photo courtesy of city of Frisco.

More big news for Frisco as the Rudman Partnership, Hillwood Properties, and VanTrust Real Estate sign on the dotted line for the development partnership of Frisco Station, a $1.7 billion deal.

This 242-acre mixed-use development will be located along the Dallas North Tollway, north of Warren Parkway. It will surround the Star, the headquarters and training facilities for the Dallas Cowboys.

The development package outlines plans for 4 million square feet of office space, 2,400 multifamily residences, restaurants, entertainment venues, medical and wellness facilities, industrial space, and public parks and open spaces. The initial phase of development is expected to start in 2015. (more…)

Land Purchased for Trinity Village Mixed-Use Development in West Dallas

The Trinity Village development in West Dallas will begin in 2015. Photo courtesy of Dallas Morning News.

Work will begin on the Trinity Village development in West Dallas in 2015. Rendering courtesy of StreetLights Residential.

More good news for development in West Dallas with word Thursday that Dallas-based Stonelake Capital Partners has closed on a 25-acre tract of industrial property on Singleton Boulevard, west of Sylvan Avenue.

Along with developer StreetLights Residential, Stonelake is planning a $200 million mixed-use development at 1000 Singleton Boulevard, on the southwest corner of Singleton and Sylvan.

This is 2014’s largest single redevelopment property in West Dallas, and it will bring about 1,500 new residential units to the area west of Downtown Dallas. (more…)

OmniPlan Midtown Rendering

Every time I drive by the practically abandoned Valley View Mall, I let out a little sigh. It’s just so ugly! The only thing that attracts a crowd over there is the random carnival. It’s tragic, especially for such a visible area.

But Scott Beck, who purchased Valley View last year, has sworn to revive the largest continuous tract north of 635 into a vibrant, bustling center of activity. If you don’t remember Beck, read up Candy’s interview with him here.

It’s a good thing that there are plans for the area, which is being called “Midtown” even though it’s not really in the middle of Dallas. I’ll let the semantics surrounding the name slide just for the fact that I am excited about reclaiming that area. The excitement must be catching, because Theresa O’Donnell, City of Dallas Sustainable Development director, is pretty stoked, too.

According to a report from Robert Wilonsky at the DMN, O’Donnell thinks this is “the most exciting thing I’ve ever been involved in.” Why? “This is doable, it’s achievable, and all the stars are aligned.”

Today’s presentation, which you can view a PDF of below, is just a taste. More details will be available on April 4. I’m looking forward to finding out more about the development, and how the city is going to foster a dense, pedestrian friendly environment in an area sandwiched by two major traffic thoroughfares — the Dallas North Tollway and 635.

Still, anything is better than how Valley View looks today, right?

03-21-2013 – Valley View Galleria Area CPC Briefing by Robert Wilonsky