Some 200 people braved the hot summer heat to witness the groundbreaking of the Museum Tower.
“To say the least, this is a momentous occasion for us after 12 years of work,” Museum Tower partner John Sughrue told the crowd. “People are asking us ‘Why start now?’ “The answer is easy – look around you.”
The Museum Tower will be located in the heart of the Dallas Arts District between the Nasher Sculpture Center, a few blocks from the AT&T Performance Art Center and The Park. The 42-story tower will offer 122 luxury condominiums, starting around $1 million dollars. It’s also one of the few skyscrapers going up in the country because of the recession.
“The Dallas and Texas economies are leading the national economic recovery; $1.5 billion of cultural infrastructure is either complete or under construction in our immediate neighborhood, transforming the neighborhood into a world class urban district,” says Sughrue. “The greater the number of residential offerings in downtown Dallas the more vibrant the city will become.”