The Ritz-Carlton, Dallas will be situated on the first eight floors of the building, and will include one restaurant, 14,000 square feet of meeting space, including a 10,000 square foot ballroom, and a 12,000 square foot spa and fitness center, with indoor swimming pool. The condominiums are expected to range in price from $800,000 up to $6 million for the 6,700 square foot penthouse overlooking the city. Owners of the condos will be able to access all the services of the hotel, including housekeeping, catering, room service, and concierge.

Robert A.M. Stern's proposed design for The Ritz-Carlton, Dallas will evoke landmark hotels built in the 1920s in cities including New York and Chicago. Other design team members include Dallas-based architects HKS, Inc., Hayslip Design Associates, Inc. of Dallas, KM+P Architects of Houston and acclaimed interior designer Frank Nicholson. Based in Boston, Mr. Nicholson has designed many of the 57 Ritz-Carlton hotels and resorts around the world.

"We are delighted to add a location in Dallas, one of the most frequently visited cities for corporate business travelers and groups, as well as leisure guests. We believe there will be a strong market for The Ritz-Carlton as the city's economy continues its recovery and adds even more commercial business in the years ahead," said Simon Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. "The Uptown area is at the heart of Dallas' downtown commercial district and a very strategic location for this hotel."

"This project will be top of the market in Dallas," predicted Denny Alberts, president and chief operating officer of Crescent Real Estate Equities Company, based in Ft. Worth. "If you want to live in a luxury residence in Dallas, you will want to live in The Ritz-Carlton," said Alberts.

The Ritz-Carlton Hotel Company, L.L.C. currently operates 57 hotels in North America, Mexico and the Caribbean, Europe, The Middle East and Africa, Asia, and South America.