Preston Center, Dallas

Preston Center is a commercial center in north Dallas, Texas (USA), located around the intersection of Preston Road (State Highway 289) and Northwest Highway (Loop 12).

Preston Center
A building in Preston Center
CountryUnited States
StateTexas
CountiesDallas
CityDallas
AreaNorth Dallas
Area
 • Total0.161 sq mi (0.417 km2)
 • Land0.161 sq mi (0.417 km2)
 • Water0.0 sq mi (0.0 km2)  0.0%
Elevation
564 ft (172 m)
ZIP codes
75225
Area code(s)214, 469, 972

The area has been a premier retail center in Dallas since its development in the 1950s, although the nearby NorthPark Center has provided significant competition.

Around the Preston Center shopping complex lies both a significant amount of office space, totaling over 3,000,000 square feet (279,000 m2) 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.

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.[1]

As of 2019 the families of many property owners had already owned the properties for some time.[2]

A municipal-owned parking garage serves Preston Center developments as the city is obligated to provide parking.[2]

As of 2019 several owners of Preston Center developments oppose redevelopment as it would interrupt their cash flow in the short term.[2]

References
  1. 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.
  2. 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).


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