Breaking Ground on Texas Ritz-Carlton
In a brief ceremony today, Dallas Mayor, Laura Miller; Crescent Real Estate Equities Company, Vice Chairman and Chief Executive Officer, John Goff; and The Ritz-Carlton Hotel Company. Executive Vice President of Operations and Chief Financial Officer, Ken Rehmann gathered with a crowd of guests, donned hard hats, and turned shovels of earth to celebrate the start of construction on The Ritz-Carlton, Dallas and The Residences at The Ritz-Carlton, Dallas. The ceremony was held on the project site located on the block bound by Pearl, McKinney, Olive and Cedar Springs in bustling Uptown.
Dallas residents have enthusiastically embraced the new project which marks Ritz-Carlton’s entry into the Texas market. The project includes a 217-room Ritz-Carlton hotel and 70 luxury residences, which are substantially pre-sold, in a 21-story Robert Stern-designed tower.
“This is a great day for Dallas,” exclaimed Mayor Miller. “We are so pleased to be the site of Ritz-Carlton’s first Texas hotel and residences. The addition of properties of this caliber reinforces Dallas’ status as a world-class city.”
“We are pleased by the level of excitement this project has received,” added John Goff. “For years, we contemplated the appropriate use of our land that sits adjacent to the Crescent Office Towers and Atrium. It became increasingly obvious that Dallas was ready for the quality of lifestyle that will be offered by The Residences at the Ritz-Carlton, Dallas. We all know that Ritz-Carlton is famous for their superior customer service, and we are excited to partner with them in this endeavor.”
“Dallas has long been part of our strategic expansion plan,” said Ken Rehmann. “We were just looking for the right partner and the right site. We are very pleased to be partnering with Crescent because we know they share our commitment to creating exceptional places and delivering unmatched service to their customers.”
The Ritz-Carlton, Dallas will occupy the first eight floors of the building, and will include a restaurant/bar, 14,000 square feet of meeting space, a 10,000-square-foot ballroom, and a 12,000 square foot spa and fitness center. Available residences range in price from $1.3 million for a two-bedroom home to more than $6 million for a four-bedroom penthouse. Homeowners will have access to all the services of the hotel, including housekeeping, catering, room service, and concierge.