A Mandarin Oriental Hotel will be a part of the project

12:18 PM CDT on Wednesday, May 10, 2006

By STEVE BROWN / The Dallas Morning News

After months of speculation, developer Hillwood confirmed Wednesday that it will build a 43-story tower in its Victory project near downtown Dallas.

Hillwood

The Victory Tower will contain a 120-room Mandarin Oriental Hotel, 90 condominiums, office and retail space.

The Victory Tower will contain a 120-room Mandarin Oriental Hotel, 90 condominiums, 275,000 square feet of office space and ground-floor retail.

Designed by noted architect Kohn Pedersen Fox, the building is being constructed just west of the new W Dallas Hotel and Residences and will open in 2009.

“The entry of Mandarin Oriental, best known for its unsurpassed properties in cities like Hong Kong, London and New York City, will raise the bar for hospitality and luxury living in this region,” Hillwood chairman Ross Perot Jr. said in a statement.

Condominiums in the building will be priced from $850,000 to more than $6 million.

E-mail stevebrown@dallasnews.com