Dallas – Transwestern Real Estate Services (TRS) and Quadrant Investment Properties (QIP) announce Dallas-based Alto, a leader in ride-hailing and private transportation, has relocated its headquarters to a new, 16,000-square-foot creative office space in QIP’s recently unveiled Manufacturing District, part of the larger Dallas Design District. Approximately 100 employees, including Alto’s executives, engineering, marketing and operations teams, will work from the new space as Alto explores growth and expansion into additional markets.
“We are excited to officially move into our new home in the Dallas Design District and welcome our team back to the office in a space that will inspire creativity and innovation,” Alto CEO Will Coleman said.
Located at 141 Manufacturing St., Alto’s headquarters is designed to be community-centric. Employees at Alto’s new headquarters will benefit from tenant amenities such as Lounge 141, a shared rooftop lounge with kitchen and balcony that includes panoramic views of downtown Dallas. Additionally, a recently constructed rail spur walking trail connects the entire project together for employees to enjoy behind the site. State Street Coffee will open Triumphs coffee shop in July with mixologists that will also feature small bites and plates. The Grove, an outdoor community lounge with picnic tables, greenspace, and 6G Wi-Fi will connect outdoor space with activation opportunities. In total, MD offers nearly 100,000 square feet of recently converted creative office space for lease.
“We are humbled and excited to have Alto relocate its headquarters to the Manufacturing District. The office experience we have tried to create here was designed with companies like Alto in mind. We also strongly believe that the unique amenity rich environment that the Manufacturing District provides is the answer to the question of ‘will workers come back to the office?’ We are seeing this play out in real time with multiple users who are focused on creating an office environment that inspires their employees to participate,” said Chad Cook, Founder of QIP.
Alto’s move to the Design District underscores the success of the adaptive reuse strategy underway by QIP, which has acquired more than 25 properties in the last two years. In May, QIP broke ground on Thirteen Thirty-Three, a bespoke 10-story, 125,660-square-foot Class A office building located at 1333 Oak Lawn, and River Edge, a five-story 140,757-square-foot office building with three planned on-site restaurants located at 161 River Edge. Transwestern and Shop Companies are handling leasing for both properties with delivery estimated for Q4 2023.
“MD is a top-of-the line urban devolvement for brand-conscious companies. The next generation of office users will demand space like this in order to recruit and retain talent,” said Kim Brooks, Principal for Transwestern.
According to Transwestern research, the Design District has seen nearly $1 billion in private investment over the last 15 years. With top-tier local and out-of-market restaurants, and new retail concepts recently announced, the area features multiple nightlife and entertainment destinations.
“For the last three and a half years, we have been almost exclusively focused on the Design District. Thanks to a lot of help from the real estate community, an incredible lift from our team at QIP, and a little luck along the way, we have been able to aggregate 27 sites in very close proximity to each other. We look forward to delivering our vision over the next several years,” said Cook.
Alto was represented by Stream Realty Partners in lease negotiations, and project architecture was led by Entos Design. Click here for images of Alto’s space, as well as for images of amenities onsite at MD.
About Quadrant Investment Properties
Quadrant Investment Properties is a Dallas based real estate investment company specializing in urban office opportunities. We create community focused projects through thoughtful design, proactive management, and the integration of technology. We combine these elements to deliver projects that inspire our tenants, partners, and the market as a whole. The company is strategically focused on the Dallas Design District, having acquired twenty-three properties in the last twenty-four months.
About Alto
Founded in 2018, Alto is the first employee-based, on-demand rideshare company rethinking a traditionally inconsistent, gig-based industry. By hiring vetted, uniformed drivers and managing a dedicated fleet of 5-star crash rated luxury SUVs, Alto offers the safest, most consistent, and personalized passenger experience on the market today. Alto classifies its drivers as W-2 employees, provides in-depth training, manages its owned vehicle fleet and brings advanced logistics and optimization to the ridesharing ecosystem. Setting the standard in cleanliness in the rideshare industry, Alto cleans and disinfects vehicles with EPA-registered disinfectants between every ride and shift. Alto leads the industry in in-car experience. The Alto app acts as a passengers “remote control” to their ride, including the ability to set the “vibe” (music and conversation preferences) and control the lights of the car for easy identification. Currently available in Dallas, Houston, Los Angeles, Miami, Washington D.C., and Silicon Valley, Alto has plans to bring its elevated rideshare experience to even more cities in the future. For more information, visit www.ridealto.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at www.transwestern.com and @Transwestern.
MEDIA CONTACTS
QIP:
Chad Cook
214.855.2948
media@quadrantinvestments.com
Transwestern Real Estate Services:
Collin Burwinkel
972.774.2531
713.253.2334
collin.burwinkel@transwestern.com
twmediarelations@transwestern.com
