Construction is underway on 8300 Douglas, the roughly $200 million redevelopment that is reshaping the western side of Preston Center. Work started in 2026 and completion is expected in late 2028 into early 2029. For Preston Hollow households, the project changes where they eat, park and shop, and adds a new kind of housing to the area.
What is being built at 8300 Douglas?
The project sits at 8300 Douglas Avenue, near Luther Lane and Westchester Drive. RAMROCK Real Estate and Lincoln Property Company are developing it with HKS Architects, according to People Newspapers' April 29, 2026 report. On June 24, 2026, Balfour Beatty announced that its joint venture with ANDRES Construction would build it, with construction starting in June 2026 and anticipated completion in January 2029.
Based on reporting from CultureMap Dallas and People Newspapers, the program includes:
- A 12-story office tower of about 300,000 square feet marketed as Class AA, with floor plates near 29,000 square feet and roughly 35,000 square feet of terraces and balconies.
- A residential tower with 147 high-end units. CultureMap and People Newspapers describe it as 17 stories, while the contractor's announcement lists 16, so the final count may depend on how floors are measured.
- About 24,000 square feet of ground-floor retail and restaurants.
- A 35,000-square-foot rooftop park.
- About 1,000 parking spaces across six levels of structured parking.
Planned public spaces include tree-lined walkways, outdoor dining patios and public art, CultureMap reported in October 2025.
Which Preston Center businesses have already left?
People Newspapers reported in April that Wang's Chinese Cafe, Yolk and AT Bistro had closed or moved to make way for the project, while CVS and Target were expected to stay. Some residents welcomed the change, saying the corner needed an upgrade. Others worried that locally owned spots would be replaced by national chains. That tension is familiar in Preston Hollow, and it will probably continue as the retail lineup is announced.
Has an office tenant signed on yet?
Lincoln Property told People Newspapers that demand had been strong, with more proposals than available space. Trade press coverage in May 2026 reported that Fifth Third Bank had signed a lease for a Texas headquarters at Preston Center, though we were not able to retrieve that article's details, so we are not repeating specifics here.
Why does this matter after decades of debate?
Preston Center redevelopment has been argued over for a long time. Traffic and encroachment concerns have divided property owners and nearby residents, and a city-backed advisory task force formed in 2015 eventually approved a rezoning plan unanimously, according to People Newspapers. 8300 Douglas is the first large piece of that vision to actually go vertical.
It also arrives while a separate and more contested project at Preston Road and Royal Lane is still awaiting a City Council vote. The contrast is useful. 8300 Douglas sits inside an established commercial district with structured parking, while the Preston-Royal proposal sits closer to single-family streets. Residents tend to weigh those two situations differently.
What does 8300 Douglas mean for people who live nearby?
Our agents at The Agency Dallas who work Preston Hollow see a few practical effects worth thinking through:
- Construction traffic through 2028. With a peak workforce of about 350 people on site and 60 to 70 subcontractors, according to Balfour Beatty, expect trucks and lane changes around Douglas, Luther and Westchester.
- A new lock-and-leave option. 147 high-end rental units steps from Preston Center gives downsizing Preston Hollow owners another way to stay close to neighbors and routines without maintaining a large lot.
- Walkability. A rooftop park and ground-floor dining could make the west side of the center feel more like a destination than a parking lot.
- Parking pressure may ease or shift. 1,000 new spaces is significant for a district that has long debated parking, though how many are open to shoppers versus tenants is not yet clear in public reporting.
For sellers on the surrounding streets, the project is a story to tell carefully. Buyers who value walking to dinner may see it as a plus. Buyers who want quiet may want to understand the construction timeline. Our Preston Hollow page covers the wider neighborhood, and our market reports track pricing month to month.
Is the office tower built for a specific kind of tenant?
CultureMap reported that the office tower will offer floor-to-ceiling glass up to 12 feet tall, floor-to-floor heights of 14 to 22 feet, a full-service health club, a tenant lounge, a wine room, conference facilities and a catering kitchen, and that it is targeting LEED and Fitwel certifications. Those features are aimed at firms that want premium space close to where executives live, which is a long-running theme for Preston Center given its proximity to Preston Hollow, Highland Park and University Park.
What should residents watch next?
- Retail and restaurant tenant announcements for the 24,000 square feet of ground-floor space.
- Any city traffic or signal changes around Douglas Avenue and Luther Lane.
- Leasing launch details for the 147 residences, which will signal pricing for new luxury rentals in the area.
The Agency Dallas will keep tracking the project as it rises. Preston Center has been described as overdue for reinvention for years. 8300 Douglas is the first time that reinvention has a construction date and a finish line.
Frequently asked questions
When will 8300 Douglas be finished?
People Newspapers reported that the first completed phase is expected in late 2028, and contractor Balfour Beatty lists anticipated completion as January 2029. CultureMap described a 2028 opening. Large projects often open in stages, so retail, office and residential pieces may not all open on the same day.
How many apartments are at 8300 Douglas?
The residential tower is planned for 147 high-end units, according to CultureMap Dallas and People Newspapers. CultureMap reported it will be managed by Willow Bridge Property Management and will meet City of Dallas Green Building program guidelines. Rents have not been publicly announced in the sources we reviewed.
Are Target and CVS staying in Preston Center?
People Newspapers reported in April 2026 that CVS and Target were expected to stay. Several other longtime businesses, including Wang's Chinese Cafe, Yolk and AT Bistro, closed or moved to make way for the redevelopment. Final retail tenants for the new ground-floor space have not been fully announced.
Will 8300 Douglas add public parking?
The project includes about 1,000 parking spaces across six levels serving the office and residential uses, according to CultureMap and the contractor. Public reporting has not detailed how many spaces will be available to shoppers, so residents should watch for parking information when retail tenants open.
