It was supposed to be the first downtown skyscraper in more than a decade. But almost a year after the Victory tower was announced, only the plans are up in the air. But the Victory tower, to go up near the American Airlines Center sports arena, isn't the only downtown-area office project that has hit a snag. It's just the most high-profile plan that has been delayed or is on hold. Harwood International Inc., CarrAmerica Realty and Lincoln Property Co. have also fallen behind schedule on downtown-area projects.
Developers blame a lack of tenants and tight financing.
On hold Last year, Harwood unveiled plans for a 26-story tower in its International Center complex just north of downtown. The developer planned to break ground in the summer of 2000, but work hasn't begun. But that's just the nature of this business. Southwest Sports Realty's chief operating officer, Mike Cramer, did not return phone calls about the Victory tower. But real estate agents say the project has been delayed by cost concerns and a slowdown in leasing.