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.”

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.

Read Full Story