A new lounge has leased a prime Uptown Dallas property that previously planned for an apartment tower.
One Sette rented the former Idle Rich bar building at 2614 McKinney Avenue.
Idle Rich had been in the spot for more than a decade until it closed in January when its lease was up.
In early 2017 the owners of the property at McKinney and Boll Street obtained approval from the city for an 18-story apartment tower on the site.
The high-rise was planned with a fitness center and retail on the lower floors.
But with a new lease signed for the existing building, it would seem that the residential tower is not going to happen soon. It’s a 3-year lease with options to renew.
Colliers International Group’s Michael Tran negotiated the lease with Gretchen Miller and Stephen Wise with Weitzman representing property owner J&K Real Estate Investments.