Stream Realty Unveils 345K Square-Foot Uptown Dallas Office Tower

Stream Realty Partners has completed The QUAD, a notable addition to Uptown Dallas. This development includes a 345,425-square-foot, 12-story office building at 2699 Howell St., and five stand-alone retail structures.

Features and Amenities

The QUAD offers over an acre of open space, featuring an urban lawn and The QUAD Club, a penthouse amenity center. The club includes a full-service bar, lounge, conference center, and a rooftop terrace with views of the Dallas skyline.

Technological Milestones

The QUAD is set to be the first building in Dallas to achieve both WiredScore and SmartScore Platinum ratings. Stream Realty Partners initiated construction in 2022, supported by a $181 million loan from MSD Capital. The project was designed by OMNIPLAN and constructed by Austin Commercial.

Development Team

Key members of Stream’s development team include Executive Managing Director and Partner Ramsey March, Senior Director Brad Dornak, Senior Director of Design and Construction Jerry Mays, and Director of Design and Construction Blake Bell.

Office Specifications

The office building boasts floorplates ranging from 30,300 to 31,800 square feet and features 13-foot-6-inch floor-to-ceiling windows. Additional amenities include bike lockers and underground parking with nearly 840 spaces.

Leasing Information

The QUAD’s office space has been substantially preleased. Stream Realty Partners secured four tenants—Revantage, Chicago Title, M Financial Group, and Berkshire Residential—occupying a total of 115,000 square feet. Leasing efforts are managed by Stream's Senior Vice President Ryan Evanich and Vice President Marissa Parkin.

Historical Context

The QUAD is situated on approximately 4 acres, formerly the site of The Quadrangle, one of Dallas’s first mixed-use developments. The location is about 2 miles north of Downtown Dallas.

Market Context

The Dallas–Fort Worth office market experienced a modest positive absorption of 175,300 square feet in the first quarter, within an inventory of 316.6 million square feet, as reported by Colliers. Vacancy rates for Class A and B spaces have remained steady at around 20.6 percent, the highest in a decade. Average rents for these classes saw a slight decline.

Sublease space, exceeding 10 million square feet, continues to impact the market significantly. Recently, a joint venture of Pacific Elm Properties and KDC secured a $290 million construction loan for Parkside Uptown, a 500,000-square-foot office project in Dallas, with Goldman Sachs Alternatives providing the financing.