Morton's on its Way to Uptown Dallas

It’s not every day, these days at least, that you see a high-end steak restaurant opening (aren’t they all struggling?). But that’s exactly what’s happening in an area north of downtown Dallas called “Uptown.”

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Soon, real estate pros, and other folks who love a good (expensive) steak for that matter, will have a new place to entertain clients in Big D.

Morton’s Restaurant Group (NYSE: MRT), which bills itself as the world’s largest operator of upscale steak restaurants, plans to open an 8,500-sq.-ft. restaurant at McKinney and Pearl streets in Uptown Plaza, a retail development across from the Rosewood Crescent Hotel.

In recent months the Uptown market has taken off, especially from a commercial real estate power center standpoint. North Texas’ largest brokerage firm, CB Richard Ellis, signed a 91,000-sq.-ft. lease there in April, and both Cushman & Wakefield and Colliers International are consolidating offices in Uptown as well.


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