The tallest building on the Dallas skyline is the 72-story Bank of America Plaza building in downtown Dallas. For another 13 stories a Fort Worth architect and a Dallas developer could have the tallest building in North Texas. For another 21 they could have the tallest in Texas. But even a 60-story building in downtown Fort Worth is pretty big news. It would soar 20-stories over that city’s next highest building.

Bill Cawley of Cawley Wilcox Development of Dallas and Fort Worth architect Ken Schamburg have teamed to create the mixed us development on the moribund southeast side of downtown Fort Worth. The developers agree all of their financing is not yet in place, but Wilcox will be fronting a good chunk and Cawley sees no problem in coming up with the rest.

According to the developers the building will dedicate its first 10-stories to an 1100 car parking garage, another 10 stories to 200,000 sq ft of office space and the remainder to a residential tower with 300-plus units. The building will also include some commercial space and a Class ‘A’ restaurant on the top floor.

Unlike the Dallas Central Business District which has nearly 30 million sq ft of existing space with a vacancy rate of 30%, Fort Worth has a vacancy rate of just fewer than 5% in class ‘A’ buildings. The recent conversion of the old 38-story Bank One building into a fully leased high-rise condo has spurred considerable residential development in Central Fort Worth which is noted for its vibrant nightlife.

Now maybe another 2 stories in parking and 10 for a hotel and let’s see what else …

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