{"id":467709,"date":"2025-12-24T00:11:26","date_gmt":"2025-12-24T00:11:26","guid":{"rendered":"https:\/\/www.europesays.com\/us\/467709\/"},"modified":"2025-12-24T00:11:26","modified_gmt":"2025-12-24T00:11:26","slug":"dallas-developer-selling-entire-share-of-downtowns-east-quarter-district","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/467709\/","title":{"rendered":"Dallas developer selling entire share of downtown\u2019s East Quarter district"},"content":{"rendered":"<p class=\"body-text-paragraph\">Developer Shawn Todd and his firm <a href=\"https:\/\/www.toddinterests.com\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.toddinterests.com\/\">Todd Interests <\/a>are selling its share of downtown Dallas\u2019 growing <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2023\/05\/02\/dallas-east-quarter-attracts-interior-design-firm-tangrams-regional-hq\/\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2023\/05\/02\/dallas-east-quarter-attracts-interior-design-firm-tangrams-regional-hq\/\">East Quarter district<\/a> to partner J.P. Morgan Asset Management.<\/p>\n<p class=\"body-text-paragraph\">Todd told The Dallas Morning News Tuesday that the deal will close imminently. He declined to disclose financial terms of the impending internal buyout.<\/p>\n<p class=\"body-text-paragraph\">Started in 2018, the 20-acre redevelopment on the eastern edge of downtown has been developed by founder Shawn Todd and his sons \u2014 CEO Philip Todd and partner Patrick Todd.<\/p>\n<p class=\"body-text-paragraph\">The real estate firm assembled over 30 different properties spanning eight city blocks, converting the 1920s and 1930s structures along Cesar Chavez Boulevard as well as Commerce and Jackson streets into offices and restaurants. <\/p>\n<p>D-FW Real Estate News<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__3beff secondaryRoman secondaryRoman-20 text-center text-gray-dark\">Get the latest real estate news you need to know.<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__8MgJa flex flex-wrap text-gray-dark secondaryRoman secondaryRoman-10 text-center justify-center\">By signing up, you agree to our\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/terms-of-service\/\" target=\"_blank\" rel=\"noopener\">Terms of Service<\/a>\u00a0and\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/privacy-policy\" target=\"_blank\" rel=\"noopener\">Privacy Policy.<\/a><\/p>\n<p class=\"body-text-paragraph\">Todd Interests also built the 20-story 300 S. Pearl tower as part of the redevelopment. The recently created district was meant to bridge the gap between Deep Ellum and downtown.<\/p>\n<p class=\"body-text-paragraph\">\u201cWe\u2019re thankful for J.P. Morgan Asset Management. They\u2019re an outstanding partner, and we\u2019re very proud of the work we did creating that district,\u201d Shawn Todd said.<\/p>\n<p class=\"body-text-paragraph\">Tax records and estimates from Steve Triolet, senior vice president of research and market forecasting at Partners Real Estate firm, place the projected value of the entire district between $200 million and more than $300 million.<\/p>\n<p class=\"body-text-paragraph\">The deal draws parallels to J.P. Morgan\u2019s deal at NorthPark Center, where it acquired a 60% stake in the mall in 2014. The deal was for $362 million. <\/p>\n<p class=\"body-text-paragraph\">The financial institution was bought out of its ownership interest in the high-profile shopping hub earlier this year. <\/p>\n<p class=\"body-text-paragraph\">Todd Interests is one of the city\u2019s most successful development firms. Todd\u2019s firm was behind the $300 million renovation and rebranding of Dallas\u2019 Energy Plaza into The Sinclair. <\/p>\n<p class=\"body-text-paragraph\">Constructed in 1983, the 49-story I.M. Pei-designed structure was converted into a combination of residential and business space.<\/p>\n<p class=\"body-text-paragraph\">Todd and partners were also behind the $460 million redo of downtown landmark<a href=\"https:\/\/www.toddinterests.com\/thenational\" target=\"_blank\" rel=\"noopener\" title=\"https:\/\/www.toddinterests.com\/thenational\"> First National Bank tower<\/a> into a combination of retail and office space, apartments and a luxury hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"Developer Shawn Todd and his firm Todd Interests are selling its share of downtown Dallas\u2019 growing East Quarter&hellip;\n","protected":false},"author":3,"featured_media":467710,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,12611,1596,14052,4329,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-467709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-commercial-real-estate","10":"tag-dallas","11":"tag-downtown-dallas","12":"tag-real-estate","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115771649835338335","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/467709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=467709"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/467709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/467710"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=467709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=467709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=467709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}