McKinney & Olive

Crescent's new masterpiece

By Erica Rascón on Oct 25, 2016 in People

Crescent Properties recently revealed McKinney & Olive, a Class A office building in one of the most desirable zip codes in Dallas. Yardi sat down with Montie Rouze, Vice President of IT, at the Yardi Advanced Solutions Conference in May to learn more about the new project.

“They call McKinney & Olive the ‘sexy building’ because it has a curved shape to it that makes people think of the shape of a woman,” smiles Rouze.

The 530,000-square-foot building stands on a 3.1-acre site conveniently located Uptown. At 20 stories high, it will be the tallest building in the neighborhood.

“There is high end retail on the bottom floors,” explains Rouze. “The site will have lots of common areas, piazza space, and a neighborhood area with a big park. They really want people in the neighborhood to enjoy it, not just the tenants in the building.”

Tenants and their guests will have easy access to the neighborhood’s best amenities including fine dining, shopping, and luxury hotels. The attractions of Dallas Arts District and West Village are just a stone’s throw away.

McKinney & Olive is situated with easy access to McKinney Avenue Trolley with service throughout Uptown and Downtown.

During development, Crescent turned to Yardi Voyager  Construction Management with Job Cost. The software helped Crescent control costs via complete budget oversight, forecasting, and contract management.

“The development process is what got us into Voyager,” begins Rouze. “We had been a [competitor] client, so it was a daunting change. But we had this development project, and we needed Job Cost to track the development. We knew that Yardi’s Job Cost was better than [the competitor’s].”

“We bought Yardi just for this one building, and called it our proof of concept for the platform,” continues Rouze. “We did all the tracking for this one building and got all the accounting people pretty comfortable with Voyager, and then decided to go ahead and undo the rest of our portfolio.”

Now that the building is complete, Crescent uses Voyager PAYPlus to manage payables and accounts receivable.

“PAYPlus probably took a process that would have been 20 hours a month down to about two,” says Rouze.

Click here more information on McKinney & Olive.