One Park Central, also known as Park Central 7, stands as a prominent feature in the Park Central business park, which includes multiple office buildings and amenities. This building, with its distinctive architectural style and a wide range of facilities, caters to various businesses and professionals seeking prime office space.
Key Takeaways
- Park Central 7 is part of the larger Park Central business park, which houses multiple office buildings.
- The building was constructed in 1981 and features a modern design with 14 stories and a typical floor size of 26,133 SF.
- It offers competitive rental rates ranging from $19.00 to $20.00 per square foot per year, aligning with market standards.
- Amenities include a renovated rooftop pool, lobby, bar, and event spaces, enhancing the tenant experience.
- Future developments and renovations are anticipated, keeping in line with market trends and tenant demands.
Overview of Park Central 7
Building Specifications
Park Central 7, located at 12750 Merit Dr, Dallas, TX 75251, encompasses a range of office spaces suitable for various business needs. The building, classified as Office/B, was constructed in 1981 and offers spaces ranging from 1,619 to 83,129 square feet. The rental rates are competitively priced between $19.00 and $20.00 per square foot per year.
Location and Accessibility
Situated in a prime location, Park Central 7 offers excellent accessibility to major highways and public transportation. This strategic positioning ensures that commuting is convenient for both employees and visitors, enhancing the overall accessibility of the building.
Historical Context
Park Central 7 is part of the larger Towers at Park Central complex, which recently underwent extensive renovations worth over $25 million. These upgrades included enhancements to the rooftop pool, lobby, bar, and event spaces, significantly elevating the appeal and functionality of the property.
Design and Architecture
Building Design Features
One Park Central(7) boasts a range of innovative design features that enhance both aesthetics and functionality. The building incorporates energy-efficient materials and smart technology systems that optimize environmental performance and user comfort. Key features include high-performance glass facades, automated climate control, and state-of-the-art security systems.
Architectural Style
The architectural style of One Park Central(7) is a blend of modernism and minimalism, characterized by clean lines and an uncluttered look. This style reflects the building’s focus on sustainability and efficiency, while also providing a visually appealing structure that stands out in the urban landscape.
Renovations and Upgrades
Scheduled for 2024, the multi-million-dollar renovation will transform both the lobby and outdoor lounge areas. This upgrade aims to enhance the resident experience and maintain the building’s competitive edge in a bustling market. Notable improvements will include:
- LEED certification
- Enhanced accessibility features
- Modernized aesthetics
The planned renovations are expected to significantly boost the building’s appeal and functionality, aligning with contemporary design trends.
Leasing Information
Available Spaces
Park Central 7 offers a variety of office spaces that cater to different business needs. The available spaces range from smaller units suitable for startups to large floors that can accommodate established companies. Current listings include spaces from 1,533 SF to 27,469 SF, all with negotiable lease terms.
Lease Terms
Lease terms at Park Central 7 are flexible, designed to meet the diverse needs of its tenants. The terms are negotiable, allowing potential tenants to tailor agreements that best suit their operational requirements. This flexibility is a key advantage for businesses looking for a new home.
Rental Rates
The rental rates at Park Central 7 are competitive within the market, providing value for its prime location and amenities. Rates start at $19.00 /SF/YR, with monthly and yearly calculations available to suit different budgeting needs. Here’s a quick overview of some current rates:
| Space | Size (SF) | Monthly Rate | Yearly Rate |
|---|---|---|---|
| Ste 100 | 6,263 | $9,916 | $118,997 |
| Ste 104 | 6,241 | $9,882 | $118,579 |
| Ste 120 | 5,791 | $9,169 | $110,029 |
Note: Rental rates do not include utilities, property expenses, or building services.
Amenities and Facilities
Office Amenities
One Park Central offers a comprehensive suite of office amenities designed to cater to the needs of its tenants. The building features high-speed internet access, modern business centers, and multi-use rooms for meetings and conferences. Wi-Fi is available throughout the property, ensuring connectivity in all areas.
Parking and Transportation
The complex provides ample parking spaces and has installed EV charging stations to accommodate electric vehicles. For those relying on public transport, One Park Central is strategically located to offer easy access to various transportation options, including buses and metro services.
Nearby Facilities
Tenants at One Park Central benefit from a range of nearby facilities that enhance their daily experience. The area boasts a variety of dining options, fitness centers, and retail shops. Additionally, essential services such as banks and grocery stores are conveniently located within walking distance of the building.
Tenant Experience
Workspace Environment
One Park Central(7) offers a dynamic and productive workspace environment designed to boost creativity and efficiency. The open floor plans and modern ergonomic furniture ensure comfort during long working hours. Natural light is maximized through large windows, creating an inviting atmosphere.
Community and Networking
The building fosters a vibrant community with regular networking events and social gatherings. Tenants have access to shared spaces that encourage interaction and collaboration, making it an ideal location for startups and established companies alike.
Security and Maintenance
High standards of security and maintenance are upheld to ensure a safe and uninterrupted work experience. Advanced security systems and a dedicated maintenance team are always on standby, providing peace of mind for all tenants.
Comparative Analysis
Comparison with Nearby Properties
One Park Central(7) stands out significantly in the competitive landscape. It offers unique features that are not commonly found in nearby properties, such as advanced sustainability practices and cutting-edge technology integration. The table below outlines key comparisons:
| Feature | One Park Central(7) | Nearby Property A | Nearby Property B |
|---|---|---|---|
| Technology | Advanced | Moderate | Basic |
| Sustainability | High | Low | Moderate |
| Accessibility | Excellent | Good | Good |
Market Positioning
One Park Central(7) is strategically positioned to attract high-profile tenants due to its superior amenities and prime location. It is seen as a leader in the market, particularly in terms of innovation and tenant services.
Value Proposition
The value proposition of One Park Central(7) is compelling. It offers a blend of luxury, efficiency, and sustainability that is tailored to meet the needs of dynamic businesses. This makes it an attractive option for potential tenants looking for a modern and sophisticated workspace environment.
Future Developments
Planned Upgrades
One Park Central is set to undergo significant upgrades to enhance its appeal and functionality. These include the introduction of advanced security systems, the renovation of common areas, and the upgrading of technological infrastructure.
Market Trends
The real estate market trends indicate a growing demand for mixed-use properties. One Park Central is strategically adapting to these trends by planning developments that integrate residential, commercial, and leisure spaces.
Potential Opportunities
- Expansion of retail spaces to attract more businesses.
- Development of green spaces to enhance environmental sustainability.
- Introduction of luxury residential units to meet the increasing demand for high-end accommodations.
Conclusion
In conclusion, One Park Central(7) exemplifies a prime example of modern office space that caters to a diverse range of business needs. With its strategic location, comprehensive amenities, and flexible space options, it stands out as a top choice for businesses looking to establish or expand their operations. The recent renovations and upgrades further enhance its appeal, making it not only a functional space but also a prestigious address in the business community. Whether for emerging startups or established enterprises, One Park Central(7) offers an environment that promotes growth and success.
Frequently Asked Questions
What types of office spaces are available at Park Central 7?
Park Central 7 offers a range of office spaces from 1,619 to 83,129 square feet.
What are the rental rates for office spaces at Park Central 7?
The rental rates at Park Central 7 range from $19.00 to $20.00 per square foot per year.
What amenities are available at Park Central 7?
Park Central 7 features amenities such as a renovated rooftop pool, lobby, bar, and event spaces, along with a 735-space parking facility.
What is the historical significance of Park Central 7?
Park Central 7 is part of a multi-building park that includes historical renovations and a significant upgrade worth over $25 million to its facilities.
How does Park Central 7 ensure tenant security?
Security at Park Central 7 is maintained through continuous surveillance and a well-trained security staff to ensure tenant safety and property protection.
What future developments are planned for Park Central 7?
Future developments at Park Central 7 include market trends and potential opportunities that aim to enhance the tenant experience and property value.
