Preston Center initially opened as a thriving suburban retail center anchored by the first suburban Neiman Marcus (closed in 1965)[1] and Sanger Brothers (later Sanger-Harris) department store - which was the largest suburban department store in the country at 242,000 square feet (22,000 m2). The area has been a premier retail center in Dallas since its development in the 1950s, though the nearby NorthPark Center has provided significant competition.
It has since evolved into one of the most successful office sub-markets in the region with over 3,000,000 square feet (279,000 m2) of office space and housing former President George W Bush's office, as well as some of the best residential neighborhoods in Dallas. University Park is to the south, a string of condos along Northwest Highway is to the east, and the Preston Hollow neighborhood is to the north.[citation needed] Preston Center also has over 500,000 square feet (46,000 m2) of retail space, a hotel, and residential units. It is a prime example of an edge city. [2]
The development includes two 20-story office towers that opened during a construction boom of the late 1970s and early 1980s. As of 1989 many of the Preston Center buildings were partially vacant. During that year Terry Box of The Dallas Morning News said that the vacant buildings were perceived by residents of nearby Preston Hollow as "intrusive symbols of the city's failure to control its growth" and "have come to exemplify much of what is wrong with North Dallas." Around that time residents tried to pressure area politicians into making the development more low-rise and further removed from the Preston Hollow community.[3]
As of 2019[update] the families of many property owners had already owned the properties for some time.[4]
A municipal-owned parking garage serves Preston Center developments as the city is obligated to provide parking.[4]
As of 2019[update] several owners of Preston Center developments oppose redevelopment as it would interrupt their cash flow in the short term.[4] Even though the redevelopment of the municipal-owned parking garage is now stalemate, Preston Center has continued to densify and grow as new development projects have been constructed in this very sought after area.
Referencesedit
^"Neiman's First Suburban Store: Preston Road — 1951-1965". Flashback : Dallas. 3 August 2020. Retrieved 9 November 2023.
^Box, Terry. "VIEW FROM PRESTON HOLLOW: ZONING IS TOP ELECTION ISSUE." The Dallas Morning News. Saturday April 15, 1989. Home Final News 1A. Retrieved on October 12, 2011.
^ abcAnderson, Jon (2019-01-07). "Assessing the Paths Ahead for Preston Center". D Magazine. Retrieved 2019-01-08. A goodly proportion of Preston Center landowners have [...] even if it meant doubling the rent their property generates (in line with Preston Center East rents).
External linksedit
Directory of Preston Center Businesses
Pictures of Preston Center from DallasSky.com
President Bush to Rent $300,000 a Year Dallas Office Space
preston, center, dallas, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, oc. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Preston Center Dallas news newspapers books scholar JSTOR October 2011 Learn how and when to remove this message Preston Center is a commercial district in north Dallas Texas USA located around the intersection of Preston Road State Highway 289 and Northwest Highway Loop 12 It covers 103 acres 42 ha Preston CenterPreston Center skylineCountryUnited StatesStateTexasCountiesDallasCityDallasAreaNorth DallasArea Total0 161 sq mi 0 417 km2 Land0 161 sq mi 0 417 km2 Water0 0 sq mi 0 0 km2 0 0 Elevation564 ft 172 m ZIP codes75225Area code s 214 469 972 Preston Center initially opened as a thriving suburban retail center anchored by the first suburban Neiman Marcus closed in 1965 1 and Sanger Brothers later Sanger Harris department store which was the largest suburban department store in the country at 242 000 square feet 22 000 m2 The area has been a premier retail center in Dallas since its development in the 1950s though the nearby NorthPark Center has provided significant competition It has since evolved into one of the most successful office sub markets in the region with over 3 000 000 square feet 279 000 m2 of office space and housing former President George W Bush s office as well as some of the best residential neighborhoods in Dallas University Park is to the south a string of condos along Northwest Highway is to the east and the Preston Hollow neighborhood is to the north citation needed Preston Center also has over 500 000 square feet 46 000 m2 of retail space a hotel and residential units It is a prime example of an edge city 2 The development includes two 20 story office towers that opened during a construction boom of the late 1970s and early 1980s As of 1989 many of the Preston Center buildings were partially vacant During that year Terry Box of The Dallas Morning News said that the vacant buildings were perceived by residents of nearby Preston Hollow as intrusive symbols of the city s failure to control its growth and have come to exemplify much of what is wrong with North Dallas Around that time residents tried to pressure area politicians into making the development more low rise and further removed from the Preston Hollow community 3 As of 2019 update the families of many property owners had already owned the properties for some time 4 A municipal owned parking garage serves Preston Center developments as the city is obligated to provide parking 4 As of 2019 update several owners of Preston Center developments oppose redevelopment as it would interrupt their cash flow in the short term 4 Even though the redevelopment of the municipal owned parking garage is now stalemate Preston Center has continued to densify and grow as new development projects have been constructed in this very sought after area References edit Neiman s First Suburban Store Preston Road 1951 1965 Flashback Dallas 3 August 2020 Retrieved 9 November 2023 https dallascityhall com departments pnv Documents NWH Preston 20Rd 20Area 20Plan pdf Box Terry VIEW FROM PRESTON HOLLOW ZONING IS TOP ELECTION ISSUE The Dallas Morning News Saturday April 15 1989 Home Final News 1A Retrieved on October 12 2011 a b c Anderson Jon 2019 01 07 Assessing the Paths Ahead for Preston Center D Magazine Retrieved 2019 01 08 A goodly proportion of Preston Center landowners have even if it meant doubling the rent their property generates in line with Preston Center East rents External links editDirectory of Preston Center Businesses Pictures of Preston Center from DallasSky com President Bush to Rent 300 000 a Year Dallas Office Space 32 51 54 N 96 48 14 W 32 865 N 96 804 W 32 865 96 804 This Dallas Texas related article is a stub You can help Wikipedia by expanding it vte This article about a location in Dallas County Texas is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Preston Center Dallas amp oldid 1184360442, wikipedia, wiki, book, books, library,
